Regional News: Middle East

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Source: China's Fosun Looks to Buy Israel Gas Fields from Delek
Tuesday, December 01, 2015 Chinese investment group Fosum International is interested in buying two small natural gas fields in the eastern Mediterranean from Israel's Delek Group, according to a source.

IOCs Cut Kurdistan CAPEX due to Payment Trouble
Tuesday, December 01, 2015 DNO, Genel and Gulf Keystone's combined CAPEX in Kurdistan has fallen considerably as a result of the Kurdistan Regional Government's lack of payment to producing international oil companies.

Expro Secures a 5-Year Contract in Qatar
Tuesday, December 01, 2015 Expro secures a five year well intervention and slickline services contract in Qatar as part of its Middle East business expansion.

Iran Gives Investors Glimpse of $30 Billion in Oil Deals
Monday, November 30, 2015 Iran is targeting about $30 billion in investment by offering 70 oil and natural gas projects to international companies as the Persian Gulf country anticipates the lifting of economic sanctions.

OPEC Rivals Become Unwitting Allies in Push for Oil-Market Share
Monday, November 30, 2015 Almost by accident, OPEC adversaries Saudi Arabia and Iran are about to work as a team.


Kuwait Names New Acting Oil Minister; Policy Change Not Expected
Monday, November 30, 2015 Kuwait appoints Anas al-Saleh as acting oil minister in addition to his roles as finance minister and deputy prime minister, state news agency KUNA reported.

Middle East Deals See Rig Builder Lamprell Boost Workforce
Friday, November 27, 2015 Lamprell boosts its workforce by 1,500 to help it meet increased activity in the Middle East.

Wood Group PSN Secures Services Contract in Iraq
Thursday, November 26, 2015 Wood Group PSN division secures a contract, worth approximately $90 million, with a "leading" international oil company in Iraq to provide project management services for an onshore facility.

Genel, New Age in $2 Billion Merger Talks
Wednesday, November 25, 2015 Genel Energy is in the early stages of merger talks worth more than $2 billion with New Age African Global Energy, according to Sky News.

Israel's Leviathan Signs Preliminary Egypt Natgas Deal
Wednesday, November 25, 2015 Partners in the Leviathan gas field, offshore Israel, sign a 15-year deal to pump gas to Egypt via an existing subsea pipeline.

OPEC Seen Holding the Line as $40 Oil Looms Over Vienna Meeting
Tuesday, November 24, 2015 It'll take more than $40 crude to make OPEC change its mind, analysts said before the group's Dec. 4 meeting in Vienna.

Saudi Arabia Says Ready To Work With Others To Stabilize Oil Market
Monday, November 23, 2015 Saudi Arabia's cabinet says it is ready to cooperate with OPEC and non-OPEC countries to achieve market stability.

Venezuela Sees Crude in Mid-$20s If OPEC Doesn't Take Action
Monday, November 23, 2015 Oil prices may drop to as low as the mid-$20s a barrel unless OPEC takes action to stabilize the market, Venezuelan Oil Minister Eulogio Del Pino said.

IRG: Lower Oil Price Presents Increasing Number of Opportunities
Monday, November 23, 2015 Independent Resources plc believes that the lower oil price environment presents "an increasing number of opportunities".

India's Petronet Near To Winning Better Gas Terms From Qatar Sources
Friday, November 20, 2015 India's biggest gas importer Petronet LNG is close to renegotiating a major deal with its Qatari supplier Rasgas,sources say.

Genel Energy Plans Joint Gas Company in Iraqi Kurdistan
Friday, November 20, 2015 Genel Energy Plc plans to establish a joint company with the Iraqi Kurdish government to develop gas fields, its chairman said on Friday.

Obama, Putin Agree on One Thing: Bombing Islamic State’s Oil
Friday, November 20, 2015 The US and Russia both widen their target lists to include the middlemen who help the group make money off illicit oil sales.

NOC, IOC Technology Maturity Leaders Pressured By Volatile Market Outlook
Thursday, November 19, 2015 The pressure is on NOCs and IOCs to qualify the most cost-effective technologies that can solve their immediate challenges and enhance production in the near term.

Global Downturn is Rare Opportunity for Israel to Recruit Oil, Gas Talent
Thursday, November 19, 2015 Israel has a once-in-a-generation opportunity to recruit the oil and gas talent it needs to exploit its natural gas resources and turn itself into an important oil and gas hub in the eastern Mediterranean.

Iraqi Oil Selling at $30 as OPEC Readies for New Battles
Thursday, November 19, 2015 Iraq may increase oil output further in 2016, intensifying a battle for market share between OPEC members and non-OPEC rivals that has forced Baghdad to sell some crude grades for as little as $30 a barrel.

Petrofac Bags EPC Contract for Saudi Aramco's Fadhili Gas Program
Tuesday, November 17, 2015 Petrofac bags an engineering, procurement and construction contract from Saudi Aramco for Fadhili gas program in Saudi Arabia.

UOG 2015: PM Netanyahu to End Israeli Gas Deadlock 'Within Weeks'
Tuesday, November 17, 2015 Israeli PM Benjamin Netanyahu will soon sign a document that will lead to the resumption of efforts to develop Israel's natural gas sector, according to Energy Minister Dr. Yuval Steinitz.

Military Response to Paris Terror Attacks Could Hit Iraqi Oil Production
Monday, November 16, 2015 The West's response to deadly terror attacks in Paris may generate risk to one quarter of Iraq's oil production.

Masirah Oil Raises Nearly $13M to Fund Drilling Activities Offshore Oman
Monday, November 16, 2015 Masirah Oil raises nearly $13 million in capital injection from shareholders to fund drilling activities and operations in Oman.

Iraq Oil Deal, Gas Finds, Could Help Egypt Become Energy Export Hub
Monday, November 16, 2015 Increased domestic energy production in coming years could allow Egypt to re-export Iraqi oil as part of a larger plan to become an energy export hub, says the country's petroleum minister.

HHI, Saudi Aramco to Collaborate on Business Opportunities in Saudi Arabia
Friday, November 13, 2015 Hyundai Heavy Industries and Saudi Aramco sign a memorandum of understanding to collaborate on business development opportunities in Saudi Arabia.

IEA: Iraq Oil Overtakes Saudi in Europe as OPEC Battles Rage On
Friday, November 13, 2015 International Energy Agency says Iraq has stolen a march on its regional rivals.

DNV: Collaboration Key to Tackling Ageing Middle East Structures
Wednesday, November 11, 2015 The Middle East faces a substantial challenge to ensure hundreds of ageing offshore oil and gas structures operate safely beyond original design life, says technical consultancy DNV GL.

Gulf Marine Enjoys 'Robust' Performance during 3Q 2015
Wednesday, November 11, 2015 Support vessel supplier Gulf Marine Services performs well in spite of the current downturn in the oil and gas sector.

Officials: Occidental to Sell Zubair Stake to Iraq's South Oil
Wednesday, November 11, 2015 Occidental Petroleum will sell its stake in the four billion-barrel Zubair oilfield to Iraq's South Oil Company.

Iraq Oil Partners Seek Contract Changes to Boost Output
Tuesday, November 10, 2015 International oil companies could boost production in Iraq beyond current targets if production contracts were changed to give more incentives for investment, according to BP and Shell.

Clashes Over Syrian Oil, Gas Assets Continue
Tuesday, November 10, 2015 Clashes over Syrian oil and gas assets continue as regime warplanes carry out raids on the country's al-Izba oilfield, according to a statement from the Syrian Observatory for Human Rights.

Israel Eyes More Offshore Gas Exploration Within 6 Months
Tuesday, November 10, 2015 Israeli Energy Minister Yuval Steinitz says he expects offshore natural gas exploration to accelerate in the next few months, with investment from some of the world's largest oil and gas companies.

Saudi Arabia Says Will Diversify Oil Economy to Slow Climate Change
Tuesday, November 10, 2015 Saudi Arabia plans to diversify its economy to help combat climate change, its government says.

Oil Majors See Low Prices Persisting For Months Ahead
Tuesday, November 10, 2015 The global oil glut is likely to take longer than expected to clear and may depress oil prices for many more months if not years despite steep investment cuts and project cancellations around the world.

UAE Pressing Ahead With Oil Expansion, Betting On Price Recovery
Monday, November 09, 2015 The United Arab Emirates is pushing ahead with large new energy projects, betting on an oil prices recovery next year.

Saudi Minister Says Current Oil Price to Soon Spur Demand Growth
Monday, November 09, 2015 Oil demand will soon reflect the "attractiveness" of the current level of crude prices, and Asia will be a vital engine of economic expansion for decades, Saudi Oil Minister Ali al-Naimi says.

UOG 2015: Oil, Gas Executives Set to Converge on Tel Aviv
Friday, November 06, 2015 Rigzone looks ahead to this month's UOG 2015 conference in Tel Aviv, Israel.

Oil Market Needs Another Month to See If Rebound Is for Real
Thursday, November 05, 2015 Even with oil prices possibly past the low point, and production falling from outside of OPEC, there aren't enough signs to say a full recovery is in the works, Kuwait's oil minister says.

BP Signs Agreement to Speed up Atoll Field Development
Thursday, November 05, 2015 BP signs an agreement with the Egyptian Minister of Petroleum to accelerate the development of the Atoll gas discovery, located offshore Egypt.

Fighting for Oil in Syria: Sitrep 2015
Tuesday, November 03, 2015 Rigzone highlights which Syrian oil and gas fields have been fought over most in 2015, highlighting the country's current production levels and the potential future of Syria's petroleum industry.