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Regional News: Middle East

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UAE's TAQA Slashes Capex Plans, Dividend, After Big 4Q Loss
Wednesday, April 01, 2015 Abu Dhabi National Energy Co (TAQA) says it would slash its capital expenditure plans and costs after posting big losses in the fourth quarter on lower oil prices.

Delek Moves to 4Q Loss on One-Off Items, Delays London Listing
Tuesday, March 31, 2015 Israeli energy company Delek Group reports a net loss in the fourth quarter, weighed down by one-time capital losses and writedowns from the divestment of assets.

Total Evacuated Expatriate Staff from Yemen Sites
Monday, March 30, 2015 Total says it had evacuated all expatriate staff from Saana and Kharir in Yemen, although the sites have not been hit by an overnight military raid by Saudi-led forces against Houthi forces.

Genel Raises Debt to Fund Kurdistan Strategy
Thursday, March 26, 2015 Iraqi Kurdistan-focused Genel Energy completes a placing of $230 million of bonds.

Schlumberger Pleads Guilty To Violating US Sanctions On Iran, Sudan
Wednesday, March 25, 2015 The US Justice Department says that a subsidiary of Schlumberger Oilfield Holdings pleaded guilty to violating US sanctions related to Iran and Sudan and would pay a $237.2 million fine.


Hess, Petroceltic Pull Out of Kurdistan License
Wednesday, March 25, 2015 Petroceltic and its partner Hess have chosen to pull out of the Dinarta license in Iraqi Kurdistan after drilling difficulties.

Gulf OPEC Delegate: Global Demand To Help Oil Prices Despite US Glut
Tuesday, March 24, 2015 Stronger-than-expected global oil demand should help support crude prices at around $55-$60 a barrel in the next two months, a senior Gulf OPEC delegate says.

Saudi Minister: OPEC Won't Bear Burden of Propping Up Oil Price
Monday, March 23, 2015 OPEC will not take sole responsibility for propping up the oil price, Saudi Arabia's oil minister says, signalling the world's top petroleum exporter is determined to ride out a market slump that has roughly halved prices since last June.

Saudi Looking Beyond Oil Price Slump As Rig Count Spikes
Friday, March 20, 2015 As the global energy industry stares transfixed at a spectacular drop in US rigs, Saudi Arabia is ramping up the number of machines drilling for oil and gas despite a sharp fall in the price of crude.

Kuwait: OPEC Has No Choice But To Keep Output Unchanged
Thursday, March 19, 2015 OPEC has no choice but to keep its market share and shun oil output cuts, Kuwait's oil minister says, reiterating the view from the emirate that the group will hold its course when it meets next in June.

Gulf Keystone Ramps Up Oil Production at Shaikan Field in Kurdistan
Thursday, March 19, 2015 Gulf Keystone ramps up oil production at Shaikan field in Kurdistan, Iraq.

Israel's Tamar Group to Sell Gas to Egypt via Pipeline
Wednesday, March 18, 2015 A group of private customers in Egypt agree to buy at least $1.2 billion of gas from Israel's offshore Tamar field.

KNOC Contracts Land Rig 'KS Discoverer 1' for Drilling in Kurdistan
Wednesday, March 18, 2015 KS Energy's onshore rig KS Discoverer 1 secures contract from Korea National Oil Corp. to drill in Kurdistan, Iraq.

Dragon Oil Approached By Largest Shareholder
Tuesday, March 17, 2015 Dragon Oil Plc says it had been approached by Dubai's Emirates National Oil Co Ltd LLC (ENOC), its largest shareholder, about a possible offer for its shares ENOC did not already own.

KBR Bags Saudi Aramco's Project Management Services Contract
Tuesday, March 17, 2015 KBR bags contract to provide project management services for Saudi Aramco's offshore program.

U.S. Warns of Possible Attacks on Western Oil Workers in Saudi Arabia
Saturday, March 14, 2015 Western oil workers in Saudi Arabia may be the target of militant attacks, the U.S. embassy warns.

ShaMaran Updates on Reserves, Resources Estimates for Iraq's Atrush Block
Friday, March 13, 2015 ShaMaran Petroleum provides an update to the estimated reserves and contingent resources for the Atrush block in Kurdistan, Iraq.

Sources: Saudi Aramco Nears $10B Loan Deal At Tight Pricing
Thursday, March 12, 2015 Saudi Aramco, the kingdom's state oil giant, is close to completing a $10B tightly-priced loan, according to banking sources.

Palestine Power Firm Cancels Deal to Buy Leviathan Natural Gas
Wednesday, March 11, 2015 The Palestine Power Generation Company cancels a deal to buy about $1.2 billion of natural gas from Israel's Leviathan field, the partners in the field say.

Kuwait Expects OPEC to Continue Policy beyond June
Tuesday, March 10, 2015 OPEC is likely to maintain its production policy at a meeting in June, according to Kuwaiti official.

Platts: OPEC Output Down 20,000 Bpd in February
Monday, March 09, 2015 Oil production from OPEC remained below the group's 30 million bpd ceiling for a second consecutive month in February as lower volumes from Libya and Nigeria more than offset increases.

Total Sees Success with Students in its Young Graduate Programme
Monday, March 09, 2015 More than 100 students participate in Total's Young Graduate Programme to gain insight and professional experience in working in international business.

Aramco Exec: Oil, Gas Industry May Cancel $1T Projects On Price Fall
Monday, March 09, 2015 The fall in energy prices will hit investment in projects worldwide and the industry may cancel about $1 trillion of planned projects in the next couple of years, a senior Saudi Aramco executive says.

Kuwait Plans 2015 Tender For Oil Service Deals
Monday, March 09, 2015 KOC plans to tender this year for oilfield enhanced technical service agreements.

Official: Egypt Sets Price for Shale Gas at $5.45 per MMBTU
Monday, March 09, 2015 Egypt sets the price of shale gas extracted from its recent concession to foreign firms at $5.45 per million British thermal units, according to an oil ministry official.

BP Makes Second Deepwater Gas Find Off Egypt
Monday, March 09, 2015 BP makes a second large gas discovery offshore Egypt as part of a concession estimated to contain more than 5 trillion cubic feet of natural gas.

Greatship's Unit Takes Delivery of Jackup Greatship Chaaru from Lamprell
Thursday, March 05, 2015 Greatship Global Energy takes delivery of the jackup Greatdrill Chaaru from Lamprell in the United Arab Emirates.

Genel Expects Regular Payments from Iraqi Kurdistan During 2015
Thursday, March 05, 2015 Genel Energy, still owed $233 million for oil it has sold so far to the Kurdistan Regional Government, expects regular payments from the KRG during 2015.

Witness: Islamic State Torches Oilfield East of Tikrit
Thursday, March 05, 2015 Islamic State militants set fire to oil wells in the Ajil field east of the city of Tikrit, according to a witness.

Lamprell Delivers New Jackup for Indian Drilling
Thursday, March 05, 2015 UAE-based rig builder Lamprell completes the construction of the Greatdrill Chaaru jack-up rig and delivers it to Greatship Global Energy Services.

Saudi Arabia Expects Oil Price To Stabilize
Wednesday, March 04, 2015 Saudi Arabia's oil minister says he expects oil prices, which hit a near 6-year low in January, to stabilize, signaling cautious optimism about the market outlook.

Circle Abandons Shisr-1 Well Due to Drilling Difficulties
Wednesday, March 04, 2015 Circle Oil says it will plug and abandon its Shisr-1 well on Block 49, onshore Oman, due to drilling difficulties.