Regional News: Middle East

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BLOG: Decisions, Decisions - Will OPEC/NOPEC Extend Oil Cuts?
Thursday, March 23, 2017 As OPEC and non-OPEC members convene this weekend to weigh progress, member-state self-preservation likely to enable market intervention keeping crude oil cuts in place for another six months.

Saudi Retains Top Oil Supplier To China Despite YOY Drop
Thursday, March 23, 2017 Saudi Arabia maintains its spot as China's top oil supplier in February, 2 months into the first OPEC output cuts in almost a decade.

Rosneft Signs Deal To Supply 10 LNG Cargoes To Egypt In 2017
Tuesday, March 21, 2017 Rosneft signs a deal to supply 10 liquefied natural gas (LNG) cargoes to the Egyptian Natural Gas Holding Company this year.

OCS Group Secures Rig Services Contract
Friday, March 17, 2017 Oil and gas services company OCS Group secures a multi-million dollar contract, within the MENA region, to supply a suite of enhanced rig inspection services.

Facilities Ops Specialists in Demand in Middle East
Thursday, March 16, 2017 Region's oil and gas employers still need facility asset pros, consultant tells Rigzone.


Saudi Says Oil-Supply Cuts May Be Extended If Necessary
Thursday, March 16, 2017 OPEC and its allies may prolong production cuts after they expire in June if the world's crude inventories remain excessive, Saudi Arabia's Energy Minister said.

China, Saudis Said to Discuss CIC, CNPC Stake in Aramco IPO
Thursday, March 16, 2017 China's in talks with Saudi Arabia for its sovereign wealth fund and largest energy company to invest in the initial public offering of the Middle East nation's state oil producer, according to sources.

Iraq Plans to Boost Crude Oil Production and Exports This Year
Wednesday, March 15, 2017 Iraq pumped 4.57 million barrels a day of oil in February and plans to boost output later in the year.

Saudis Tell OPEC They Eased Cuts to Pump 10 Million Barrels
Tuesday, March 14, 2017 Saudi Arabia told OPEC it raised output back above 10 million barrels a day in February, reversing about a third of the cuts it made the previous month.

EM&I Secures Ensco Services Contract
Tuesday, March 14, 2017 Ensco awards EM&I a Bottom in Water Survey (UWILD) contract for the ENSCO 5004 (mid-water semisub), which is currently drilling offshore Libya.

Kuwait Becomes First OPEC Nation to Call for Longer Oil Cuts
Monday, March 13, 2017 Kuwait wants OPEC to extend output cuts beyond June, becoming the producer group's first member to call for more time to balance the global oil market.

UAE Says To Cut Oil Output By More Than 139,000 Bpd In March/April
Thursday, March 09, 2017 The UAE will comply fully with its OPEC commitment to reduce oil production by more than 139,000 bpd in March and April.

Russia's Gazprom Neft Says Launches 3 New Oil Wells In Iraq
Thursday, March 09, 2017 Russian oil firm Gazprom Neft launches 3 new wells at the Badra oil field in Iraq.

Oil Ministry: Iraq Exports 3.32 MMbpd Oil In Jan, 3.269 MMbpd In Feb.
Thursday, March 09, 2017 Iraq's daily oil exports stood at 3.269 million barrels per day in February and 3.320 million bpd in January, the oil ministry says.

Iraq Announces Increase In Kirkuk Oil Refinery Capacity
Wednesday, March 08, 2017 Iraq adds a processing unit to the Kirkuk oil refinery, increasing the plant's capacity by 10,000 barrels per day.

Burning Less Oil At Home Will Help Saudi Exports And Aramco IPO
Tuesday, March 07, 2017 Saudi Arabia is likely to reduce the amount of oil it burns to generate power this summer as the kingdom hikes domestic energy prices and uses more natural gas in power stations.

OPEC Crude Export Average Rises in February
Tuesday, March 07, 2017 OPEC crude exports average 25.32 million barrels per day (bpd) in February, 1.72 million bpd higher compared to January levels, according to the latest research and forecasts report from Reuters.

Saudi Energy Minister: Oil, Gas Cash Infusion Critical for Demand
Tuesday, March 07, 2017 Cooperation between OPEC and non-OPEC nations important to global energy economy, Saudi Arabia's Khalid Al-Falih says during CERAWeek gathering in Houston.

Funds Expect Saudi Aramco To Be Valued Around $1-1.5 Trillion
Monday, March 06, 2017 Fund managers and institutional investors expect oil giant Saudi Aramco to have a market capitalisation of $1 trillion to $1.5 trillion when it sells shares to the public next year.

East Libyan Forces Mobilizing For Counter Attack At Oil Ports
Monday, March 06, 2017 East Libyan forces carry out fresh air strikes and mobilize ground forces as they attempt to win back two of Libya's largest oil ports, military officials say.

Armed Faction Enters Major Libyan Oil Port
Friday, March 03, 2017 East Libyan forces carry out air strikes and clash with rival factions close to major oil terminals, eastern military officials say.

Oil Pumping From Iraq's Kirkuk Fields Stops Amid Search For Explosives
Thursday, March 02, 2017 Oil pumping from Iraq's northern Kirkuk fields stops after Kurdish forces were deployed to search for explosives said to have been planted by Islamic State.

Saudis Still Bear Brunt of Oil Cuts as OPEC Output Drops
Thursday, March 02, 2017 Saudi Arabia continued to lead OPEC's efforts to cut production, helping the organization get closer to a goal set out in a historic accord last year.

Saudi Arabia Bulks Up in Asia to Boost Appeal Before Oil IPO
Wednesday, March 01, 2017 Saudi Aramco expanded its ownership in Indonesia and Malaysia as it prepares for what may be the biggest ever initial public offering by bulking up its business in Asia.

Deal Of The Month: Noble Invests $3.75 Billion Into Leviathan
Tuesday, February 28, 2017 Noble Energy's multi-billion dollar investment indicate belief that offshore gas can turn a sizable profit and majors may soon follow the US independent's lead.

Aramco's Malaysia Deal Gives Saudis Upper Hand In Fight For Asia Oil Share
Tuesday, February 28, 2017 Top global oil exporter Saudi Arabia broke from the pack in the race to lock up Asian market share after agreeing on Tuesday to pump $7 billion into a refinery-petrochemical complex in Malaysia.

OPEC Sec-Gen: All Participating Countries Committed to Oil Output Deal
Monday, February 27, 2017 OPEC-led oil production cuts have been well supported by all participating countries despite some teething troubles for non-OPEC members, the cartel's secretary-general, Mohammed Barkindo, says.

All Participating Countries Committed to Oil Output Deal, Says OPEC Sec-Gen
Monday, February 27, 2017 OPEC-led oil production cuts have been well supported by all participating countries despite some teething troubles for non-OPEC members, said the cartel's secretary-general, Mohammed Barkindo.

Iraq Plans Offshore Oil and Gas Exploration to Boost Reserves
Monday, February 27, 2017 Iraq is planning to start offshore oil and gas exploration to boost the OPEC nation's reserves, Oil Minister Jabar al-Luaibi said in a statement.