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Regional News: Middle East

 
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Russia's Lukoil Says West Qurna-2 Pumps Over 320,000BPD
Wednesday, October 22, 2014 Russia's 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.

  



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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Gulf Keystone Says Has Returned All Staff to Iraqi Kurdistan
Wednesday, October 01, 2014 Gulf Keystone Petroleum has returned all staff to its operations in Iraqi Kurdistan after evacuating international contractors from the region amid escalating violence in August.

Israel's Leviathan Gas Field Group Submits $6.5B Development Plan
Tuesday, September 30, 2014 The partners in Leviathan, Israel's largest natural gas field, submit their initial development plan to Israeli authorities.

Dana Gas Successful in Bids for 2 Onshore Concessions in Nile Delta
Monday, September 29, 2014 Dana Gas succeeds in bidding for North El Salhiya (Block 1) and El Matariya (Block 3) onshore concessions in the Nile Delta, Eqypt.

Monitoring Group: Air Strikes Hit Oilfields & Islamic State Bases in Syria
Friday, September 26, 2014 Air and missile strikes, thought to be carried out by U.S.-led forces, hit oilfields and Islamic State bases in the eastern Syrian province of Deir al-Zor overnight and early Friday, a monitoring group says.

Iran Urges OPEC To Stop Oil Slide, Gulf Members Relaxed
Friday, September 26, 2014 Iran urges OPEC members to make joint efforts to keep oil prices from falling further.

Eni Secures 3 New Exploration Blocks in Egypt
Thursday, September 25, 2014 Eni secures three new exploration licenses in Egypt as it grows its footprint in Africa.

Jacobs Opens Office in Al Khobar to Boost Support for Saudi Aramco, Others
Wednesday, September 24, 2014 Jacobs Engineering opens new office in Al Khobar, Saudi Arabia to strengthen its support for Saudi Aramco and other key local clients and partners.

Lawmaker: Libyan Budget Deficit To Double As Strife Hits Oil Output
Wednesday, September 24, 2014 Libya's budget deficit could more than double to $15 billion this year, as political and civil chaos ravage the OPEC member's oil revenues, a senior lawmaker says.

Officials: UAE In No Rush To Change OPEC Oil Target
Tuesday, September 23, 2014 The United Arab Emirates is in no hurry to see OPEC cut its oil output target this year despite the sharp drop of global crude prices in the last few months, senior UAE energy officials indicate.