Regional News: Middle East

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Gulf Marine Services Expands Fleet
Thursday, July 02, 2015 Although offshore support solutions for the oil, gas and renewable energy industries might be seen as a very niche business, one company in the UAE has made this space all its own.

Iran Faces Slow Road Back to Oil Market Even With Nuclear Deal
Wednesday, July 01, 2015 As Iran nears a deal to ease oil sanctions after almost two years of talks, selling more crude remains a long way off.

Zion in Talks with Viking for Land Rig to Drill in Megiddo-Jezreel License
Tuesday, June 30, 2015 Zion Oil & Gas is in discussions with Viking Services for the provision of a land rig to drill a well in the Megiddo-Jezreel License area in Israel.

Israel Plans to Let Noble, Delek Keep Control of Leviathan Gas Field
Tuesday, June 30, 2015 Israel's Energy Ministry unveils a plan for the country's natural gas sector that would leave the largest offshore project, Leviathan, in the control of the Noble/Delek consortium.

OPEC Crude Production Surges as Iraq Pumps at Record Pace
Tuesday, June 30, 2015 Iraqi crude production climbed to a record this month, helping send OPEC output to the highest level since August 2012.


Gulf Keystone Signs Domestic Oil Sales Contract in Iraqi Kurdistan
Monday, June 29, 2015 Gulf Keystone Petroleum signs a six-month contract with a crude oil buyer in Iraqi Kurdistan, boosting its cash flow prospects.

Russia's Gazprom Does Not Rule out Participation in Iran LNG Projects
Friday, June 26, 2015 Gazprom may take part in liquefied natural gas projects in Iran once sanctions against Tehran are lifted, according to Gazprom's deputy Chief Executive Officer Alexander Medvedev.

A $500 Billion Maybe: Why Big Iran Moment May Be Years Away
Friday, June 26, 2015 For every investor who sees opportunity in a post-sanctions Iran, there are others who see the same old legal morass.

Israel's Security Cabinet Approves Gas Deal with Noble, Delek
Thursday, June 25, 2015 Israel's security cabinet has voted in favor of a plan to let Noble and Delek keep control of most of the country's natural gas deposits.

Shell Executives Visit Tehran for Projects If Sanctions End
Thursday, June 25, 2015 Shell executives have visited Tehran to discuss possible partnerships, the latest sign that the largest oil companies are serious about returning to Iran once a deal on the country’s nuclear program is done.

Syrian Army Secures Oil Field Perimeter, Kills Militants
Wednesday, June 24, 2015 Syrian state television states that the army and allied militia have secured the perimeter of the Jazal oil field near Palmyra, which had been the focus of recent heavy fighting with Islamic State militants.

Russia's Lukoil Says Saudi Aramco Wants to Raise Stake in Luksar
Wednesday, June 24, 2015 Saudi Aramco wants to raise its share in Luksar, a joint venture with Russia's Lukoil, to 50%, according to the chief executive of the Russian company.

Qatar Petroleum Expanding Overseas With Focus on Production
Wednesday, June 24, 2015 Qatar Petroleum plans to expand overseas after a restructuring that included the takeover of its foreign investment arm and the firing of some workers.

Qatar Petroleum Eyes Foreign Expansion After Restructuring
Tuesday, June 23, 2015 Qatar Petroleum plans to expand overseas after a restructuring that included the takeover of its foreign investment arm and the firing of some foreign workers.

Qatar Petroleum Says Has Laid Off Staff, To Exit Non-Core Areas
Tuesday, June 23, 2015 Qatar Petroleum has completed a restructuring which involved laying off some foreign staff, although no Qatari employees were let go, CEO Saad Sherida al-Kaabi says.

Wood Group Clinches Offshore Contract from Saudi Aramco
Friday, June 19, 2015 Wood Group clinches offshore contract from Saudi Aramco.

Saudi Arabia Pumps Oil Flat Out in Citi, Goldman's New Oil Order
Friday, June 19, 2015 Not content with the blow it's dealt to US oil drillers, Saudi Arabia is set to escalate the battle for market share by raising production to maximum levels.

OPEC Revenue Slumps Below $1 Trillion First Time Since 2010
Wednesday, June 17, 2015 OPEC nations' revenue plunged below $1T last year for the first time since 2010, highlighting how slumping crude prices hurt countries reliant on oil sales to fund their economies.

Seventeen Killed in Battles near Iraq's Baiji Refinery
Monday, June 15, 2015 Seventeen people are killed in Iraq in clashes between Islamic State militants and pro-government forces close to the country's biggest refinery.

Petrofac Secures Services Contract with PDO in Oman
Thursday, June 11, 2015 Petrofac secures an engineering and procurement contract with Petroleum Development Oman to provide services for the Yibal Khuff project, located southwest of Muscat.

Production from Iraq's West Qurna Two Now at Around 402,000 Barrels per Day
Tuesday, June 09, 2015 Production from Iraq's West Qurna Two oilfield is at around 402,000 barrels per day and is expected to rise to 420,000 bpd by the end of the year, according to senior vice president of Lukoil Overseas Gati Al-Jebouri.

Whatever OPEC Decides, Oil Supplies Are Rising From All Sides
Friday, June 05, 2015 No matter what OPEC says Friday about its production target, the outcome is sure to be more oil.

Iraqi Oil Minister Expects Prices, Demand to Rise
Friday, June 05, 2015 Iraqi Oil Minister Adel Abdel Mahdi expects demand to rise and sees oil prices heading to $75 per barrel by the end of 2015.