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Regional News: Middle East

 
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MOL Gets Approval for Akri-Bijeel Block Development Plan
Thursday, October 30, 2014 The Kurdistan Regional Government in Iraq approves a major new oilfield development that is majority-owned by Hungary's MOL.

Monitor: Islamic State Fights Syrian Army for Gas Field, Kills 30
Wednesday, October 29, 2014 Islamic State militants kill at least 30 pro-government fighters in an assault on a gas field, according to a monitoring group.

Shelf Drilling Selects Drydocks World for Major Repair to High Island IV
Tuesday, October 28, 2014 Shelf Drilling awards a major repair contract for the company's High Island IV jackup to Drydocks World.

DNO Appoints Regtien as its New COO
Tuesday, October 28, 2014 Middle East and North Africa-focused DNO appoints ex-Shell man Jeroen Regtien as its new chief operating officer.

Kuwait Says Technical, Not Political, Reasons Behind Oilfield Closure
Monday, October 27, 2014 A senior Kuwaiti official said the Khafji oilfield, run jointly with Saudi Arabia, had been shut down for "purely technical and not political" reasons, state news agency KUNA reports.

  



Russia's Lukoil Says West Qurna-2 Pumps Over 320,000 Bpd
Wednesday, October 22, 2014 Lukoil says it is producing more than 320,000 barrels per day at its Iraqi West Qurna-2 field.

CEO: Oman Oil in Talks with Oxy to Buy Stake in Local Assets
Tuesday, October 21, 2014 Oman Oil Company is in talks with Occidental Petroleum Corporation about buying a minority stake in its assets, according to the Omani firm's CEO.

What's Going on in Kurdistan? Q&A with Gulf Keystone CEO
Monday, October 20, 2014 Rigzone catches up with John Gerstenlauer, CEO of Gulf Keystone Petroleum, to find out about the situation for oil companies in Kurdistan.

Israel's Tamar Group Looks to Sell Gas to Egypt via EMG Pipeline
Sunday, October 19, 2014 The partners in Israel's Tamar gas field are negotiating the sale of at least five billion cubic meters of gas over three years to customers in Egypt.

First Production Commences at Umm Lulu Oil Field Offshore Abu Dhabi
Friday, October 17, 2014 Inpex reports that first production has commenced at the Umm Lulu oil field offshore Abu Dhabi, United Arab Emirates.

Yemen Separatists Urge Oil Firms to Stop Exports from South
Wednesday, October 15, 2014 Southern separatists seeking to split from Yemen's north set an ultimatum for the government evacuate its soldiers and urge foreign oil and gas firms to halt exports.

KS Discoverer 1 Resumes Drilling in Kurdistan Under a New $4.5M Contract
Wednesday, October 15, 2014 KS Discoverer 1 resumes drilling in Kurdistan for OP Hawler Kurdistan under a new $4.5 million contract.

DNO's Iraqi Tawke Oilfield Output Increase Delayed
Wednesday, October 15, 2014 DNO says the departure of contractors from its Tawke oilfield in Iraqi Kurdistan delayed the push to increase its output capacity.

Group That Seized Tripoli Takes Libyan Government, Oil Company Websites
Tuesday, October 14, 2014 A self-declared government set up by an armed group that seized the Libyan capital in August has taken over the websites of the state administration and the national oil company.

DPE Discovers Gas at T-02 Well in Dubai's Offshore Fateh Field
Tuesday, October 14, 2014 Dubai Petroleum Establishment makes gas discovery at T-02 well in the offshore Fateh field, Dubai, United Arab Emirates.

Kemp: The Saudi Oil Enigma
Tuesday, October 14, 2014 Almost nothing is known about how Saudi Arabia's rulers reach decisions on political and economic reform, foreign policy and oil market strategy, according to Kemp.

Sources: UAE Asks Oilfield Bidders For 2-Month Offer Extension
Tuesday, October 14, 2014 UAE asks bidders for its biggest onshore oilfields to extend their offers until Dec. 31, as it considers bringing in Asian firms after decades-long partnerships with western majors.

Swissco Bags $17M Contracts for 3 OSVs to Operate in the Middle East
Friday, October 10, 2014 Swissco Holdings bags chartering contracts amounting to $17.3 million to supply three offshore support vessels for deployment in the Middle East.

In Oil Price War, Saudi's Biggest Rival Is Next Door
Friday, October 10, 2014 Kuwait is challenging Saudi Arabia in an increasingly competitive battle for market share as it sells oil to buyers in Asia at its widest discount for 10 years.

Mussabeh Al Kaabi Takes Over as CEO of Mubadala Petroleum
Thursday, October 09, 2014 Mubadala Petroleum names Mussabeh Al Kaabi to succeed Maurizo La Noce as CEO.

Mermaid Maritime Raises Stake in Subtech Saudi Arabia
Thursday, October 09, 2014 Mermaid Maritime raises stake in Subtech Saudi Arabia to boost its business presence in Saudi Arabia.

Iran Aims For Tempting New Oil Contracts Soon
Wednesday, October 08, 2014 Iran's new development contracts will be finalized soon and presented to the cabinet for approval, its oil minister says.

UAE's RAK Petroleum Plans To List In Oslo
Monday, October 06, 2014 RAK Petroleum says it aims to list on the Oslo exchange and raise $25 million in an initial public share offering (IPO).

KS Discoverer 1 Contract in Kurdistan Terminated Due to Force Majeure
Friday, October 03, 2014 KS Energy reports that the contract for drilling services and charter of its KS Discoverer 1 onshore rig in Kurdistan has been terminated after client, OP Hawler, declared force majeure due to unrest in Iraq.

Oil Traders Say OPEC May Be Heading For Price War
Thursday, October 02, 2014 Saudi Arabia's decision to slash the official selling price for its oil has sparked trader talk of an emerging OPEC price cutting war.

Oil Ministry: Egypt Pays $1.5B To Foreign Energy Companies
Thursday, October 02, 2014 Egypt pays $1.5 billion of its debt to foreign energy companies, the oil ministry says.

BP Oman Awards $730M Drilling Contracts for Oman's Khazzan Project
Thursday, October 02, 2014 BP Oman awards two long term drilling contracts, valued at over $730 million, for the Khazzan project in Block 61 in Oman.