Regional News: Middle East

 
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UN: Saudi-Led Coalition Stops Oil Tankers From Entering Yemen
Thursday, July 27, 2017 A Saudi-led military coalition and the government of Yemen denied four oil tankers access to a Yemeni port last week.

Saudi Aramco To Complete Phase 1 Of Expanded Gas Pipeline By Year End
Wednesday, July 26, 2017 Saudi Aramco will complete the first phase of an expansion of the main gas pipeline across Saudi Arabia by the end of this year.

Sources: UAE Buys First US Oil Cargo To Replace Qatar Condensate
Wednesday, July 26, 2017 The United Arab Emirates will import the country's first oil cargo from the United States, two sources familiar with the matter say.

UAE Pledges Further Oil Output Cuts Starting in September
Tuesday, July 25, 2017 The United Arab Emirates reiterated its commitment to the OPEC agreement on production cuts and said it would deepen its own curbs.

OPEC Moves To Cap Nigerian Oil Output, Boost Compliance
Monday, July 24, 2017 OPEC moved to cap Nigerian oil output and called on several members to boost compliance with production cuts.

  


Neverland Tanker With Disputed Kurdish Oil Reappears Off Malta
Friday, July 21, 2017 The Neverland tanker has reappeared off the coast of Malta after going off radar near Canada on June 30.

UAE Energy Minister Hopes Global Oil Markets Begin To Tighten In 2H
Friday, July 21, 2017 UAE Energy Minister Suhail bin Mohammed al-Mazroui says he hopes that global supplies will start tightening in the second half of the year.

Saudi's Manifa Oilfield Producing, Not Affected By Technical Issue
Thursday, July 20, 2017 Saudi Aramco's Manifa oilfield, one of its largest, is producing and has not been affected by any technical issue, an industry source told Reuters.

Three Years Into Cheap Oil, Gulf Is Still Depending on a Rebound
Thursday, July 20, 2017 Energy-rich Gulf Arab nations have scrambled to adjust to the slump in oil prices since 2014.

Qatar Seeks To Open New LNG Markets With Floating Terminals
Wednesday, July 19, 2017 Qatar Gas Transport Company and Norwegian shipping business Hoegh LNG have embarked on a joint project to open new markets for Qatar.

First Phase of Saudi Aramco's Energy Industrial City Complete in 2021
Tuesday, July 18, 2017 State oil firm Saudi Aramco said the first phase of a new Energy Industrial City in Saudi Arabia will be completed in 2021.

OPEC Just Lost a Kitten From Its Unruly Herd of Cats: Gadfly
Tuesday, July 18, 2017 Saudi Arabia is having problems herding cats.

IEA Less Confident on Oil Rebalancing as OPEC Supply Rises
Thursday, July 13, 2017 The rebalancing of global oil markets has become less certain, with OPEC production rising and little evidence that bloated stockpiles are shrinking as expected, the IEA says.

Kuwait to Boost Oil-Output Capacity From 2030, Plans Refineries
Thursday, July 13, 2017 Kuwait plans to raise oil-production capacity to as much as 4.75 million barrels a day after 2030.

New Iran Commission To Oversee Total Gas Deal
Wednesday, July 12, 2017 Iran is forming a government commission to oversee its deal with France's Total to develop the South Pars gas field.

OPEC's First 2018 Outlook Shows It's Pumping Too Much Oil
Wednesday, July 12, 2017 OPEC's first assessment of world oil markets in 2018 showed that, despite cutting output, the group is still pumping too much crude.

Qatargas Asks Suppliers To Set Up Local Offices Amid Arab Boycott
Wednesday, July 12, 2017 Qatargas has asked its suppliers to set up local operations in Qatar in an apparent bid to shield the Gulf state from further economic sanctions.

Australian-Owned Group To Raise Money For Israel Shale Oil Project
Wednesday, July 12, 2017 Israel's REM Energy partnership issued a prospectus for an offering on the Tel Aviv Stock Exchange to raise money to advance the country's largest shale oil project.

Iran Expects Steep Increase in Gas Output, Exports
Tuesday, July 11, 2017 Iran will see a steep rise in its natural gas output and exports after last year's easing of Western sanctions, its deputy oil minister said.

Saudi Aramco to Meet Asia Demand for August Crude in Full -Sources
Tuesday, July 11, 2017 Saudi Arabia has been cutting exports to Europe and the United States to comply with a production cut deal.

Saudi's Sadara Chemical Starts Propylene Glycol Plant
Monday, July 10, 2017 Sadara Chemical starts production at its propylene glycol plant.

Shell: Qatar LNG Flows Unaffected By Crisis
Monday, July 10, 2017 Qatari exports of liquefied natural gas (LNG) remain stable amid ongoing tension.

Top Iran Oil Tanker Firm NITC Says Shipments To Europe Increasing
Monday, July 10, 2017 NITC, Iran's leading oil tanker operator, said its shipments to Europe were increasing daily.

Libya's Humanitarian Situation Must Be Factor In Talk Of Curbing Oil Output
Monday, July 10, 2017 Libya's political, humanitarian and economic problems must be considered in any discussions about capping the country's rising oil production.

Abu Dhabi Oil Firm ADNOC Catches Regional Listing Bug
Monday, July 10, 2017 ADNOC is looking to float some of its services businesses and enter tie-ups with global investors to help it create new revenue streams and secure more market access.

Qatar Flexing LNG Muscle Puts US, Australia Plants at Risk
Friday, July 07, 2017 As if billions of dollars of LNG project cost overruns and the prospect of a glut well into the next decade weren't enough, proposed export sites now face increased competition.

Total CEO: 'I Don't Have to Choose' Between Qatar and Rivals
Friday, July 07, 2017 Total, which has been in Qatar since 1936, is one of the main shareholders in the Dolphin Energy pipeline.

Saudi Aramco Says Oil Reserves Steady, Output At Record Ahead Of IPO
Thursday, July 06, 2017 Saudi Aramco says its crude oil and condensate reserves held steady last year despite record production.

Qatar Charts Second Gas Boom as Saudis Try to Tighten the Noose
Wednesday, July 05, 2017 Qatar's neighbors are trying to isolate it from the outside world by cutting off transport and diplomatic links.

Total, NIOC Sign South Pars Development Deal
Tuesday, July 04, 2017 Total and the National Iranian Oil Company (NIOC) sign a contract for the development and production of phase 11 of South Pars (SP11), the world's largest gas field.

Total Nears Deal To Invest Up To $2B In Iran's Petrochemical Industry
Tuesday, July 04, 2017 Total and Iran reach a preliminary agreement to build 3 petrochemical plants in a deal that could see the French oil major invest up to $2 billion in Iran.

Qatar Plans To Boost Gas Output Capacity Amid Gulf Rift
Tuesday, July 04, 2017 Qatar Petroleum plans to boost gas production from its giant North Field, which it shares with Iran, by 20% after new gas development.

UAE's Dana Gas Will Try Again To Hold Call On Sukuk Restructuring
Monday, July 03, 2017 Dana Gas has rescheduled a telephone call with holders of its outstanding $700 million of sukuk.

S.Korea's GS E&C Wins $865 MM Order To Rebuild ADNOC's Fire-Hit Refinery
Friday, June 30, 2017 GS Engineering & Construction wins an order worth $865 million to restore a fire-hit refinery unit owned by UAE's Abu Dhabi NationalOil Corp (ADNOC).

Repair Delays at ADNOC Ruwais Refinery to Lift Gasoline Demand
Friday, June 30, 2017 Abu Dhabi demand for gasoline is expected to stay firm after its plans to restart a gasoline-making secondary unit at its Ruwais refinery were delayed.

UAE Energy Minister Says No Talk About Further OPEC Supply Cuts
Thursday, June 29, 2017 There is no talk of further oil output cuts by the Organization of the Petroleum Exporting Countries and its allies.