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Regional News: Middle East

 
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Saudi's Naimi: OPEC Cannot Cut Alone But Others Would Not
Thursday, December 18, 2014 Saudi Arabia's oil minister Ali Al-Naimi says that OPEC could not cut output without the support of other big producers and attempts to get them on board had not worked.

Despite Pain, OPEC Hawks Come Round To Merits Of Riding Out Oil Slump
Wednesday, December 17, 2014 OPEC members which backed an output cut at the group's meeting last month are coming around to the view of Saudi Arabia that they need to focus on market share.

Kurdistan Says Nearing Economic Self-Sufficiency On Oil Boom
Wednesday, December 17, 2014 Kurdistan will see a steady rise in oil exports in the coming months, moving it closer to economic self-sufficiency.

Major HSE Training Program Starts in Iraq
Wednesday, December 17, 2014 Shell and OPITO get together to train up to 15,000 Iraqi energy industry workers to deal safely with hydrogen sulphide.

Shaikan Production to Increase to 40,000 Barrels per Day
Tuesday, December 16, 2014 Work is completed on Iraqi Kurdistan's Shaikan field that will see it soon produce 40,000 barrels of oil equivalent per day.

  



OPEC Signals 'Wait And See' Approach Could Last A Year
Tuesday, December 16, 2014 Core Gulf OPEC oil producers signal they are prepared to wait as long as six months to a year to see the market stabilize.

Stakeholder: Israel's Offshore Royee Gas Field May Hold 3.2 TCF
Sunday, December 14, 2014 A newly-discovered natural gas field off Israel's Mediterranean coast may hold 3.2 trillion cubic feet of gas.

OPEC Chief Defends Policy, Says Group to Try to Ride Out Price Fall
Sunday, December 14, 2014 OPEC says it can ride out a slump in oil prices and keep output unchanged, arguing market weakness did not reflect supply and demand fundamentals.

Saudi Oil Minister Naimi: Why Should We Cut Production?
Wednesday, December 10, 2014 Saudi Oil Minister Ali al-Naimi shrugs off suggestions that the world's biggest crude exporter might cut production to reverse the deepest price slump in years.

OPEC Cuts 2015 Demand For Its Oil, Says Low Prices May Slow Shale
Wednesday, December 10, 2014 Global demand for OPEC crude in 2015 will be less than expected and far below its current output, the organization says.

Badra Oilfield Now Exporting 15,000 Barrels per Day
Monday, December 08, 2014 Gazprom Neft says its Badra oilfield is exporting 15,000 barrels per day to Iraq's main pipeline system.

Iraq Exports Boost to Add Pressure on 2015 Oil Market
Thursday, December 04, 2014 Iraq's plan for greater oil exports in 2015 will add to global oversupply and make it less likely OPEC members will curb their own supplies.

Dolphin Geophysical Conducts 3D Seismic Survey in Block 50 Offshore Oman
Wednesday, December 03, 2014 Dolphin Geophysical deploys Artemis Arctic vessel for a 3D seismic survey in Block 50 Oman.

Israel's Delek Group Buying Shares In Foreign Energy Companies
Wednesday, December 03, 2014 Delek Group buys $170 million worth of shares in foreign oil and gas companies.

DNO Confirms Payment from Kurdistan for Oil Exports
Wednesday, December 03, 2014 Norway's DNO confirms that it has received a share of $30 million as a first payment for oil exported by the Kurdistan Region Government.

Lamprell Disposes of Litwin to India's Nauvata Engineering for $3M
Wednesday, December 03, 2014 Lamprell disposes of its unit Litwin to India's Nauvata Engineering for $3 million.

Iraqi Government Reaches Deal With Kurds On Oil, Budget
Tuesday, December 02, 2014 Iraq's government reach a temporary agreement with Kurdish regional authorities to end a dispute over oil exports and budget payments to the semi-autonomous Kurdish region.

Total Makes New Oil Discovery in Iraqi Kurdistan
Monday, December 01, 2014 French oil major Total strikes oil and gas near the city of Arbil in the autonomous Kurdistan region of Iraq, its second discovery in the Harir block in two years.

EnerMech Forms JV with Abdulla Fouad Group to Boost Growth in Saudi Arabia
Friday, November 28, 2014 EnerMech inks joint venture agreement with Abdulla Fouad Group to expand operations in Saudi Arabia.

Saudi, Russia Pre-OPEC Talks Yield No Oil Output Cut
Tuesday, November 25, 2014 Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yield no agreement on how to address a growing oil glut.

Gaza Marine Development Could Help Deliver Israeli Security
Sunday, November 23, 2014 Rigzone hears Ariel Ezrahi, an adviser to former British PM Tony Blair, explain how investing in Palestinian energy infrastructure would be good for Israel's security and its relations with the Arab world.