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Petrofac Secures Almost $1B in New Contracts
Wednesday, December 13, 2017 Oil and gas services company Petrofac has secured almost $1 billion in new contracts from Basra Oil Company (BOC) and BP plc.
Saudi Aramco Lifts Spending Plans To $414B Over Next Decade
Tuesday, December 12, 2017 Saudi Aramco plans to raise its spending to $414 billion over the next 10 years.
UAE Says OPEC, Allies To Announce Exit Strategy From Oil Cuts In June
Monday, December 11, 2017 United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui says OPEC and non-OPEC oil producers plan to announce in June an exit strategy from global supply cuts.
Oil Price to Rise in 2H18 with OPEC, NOPEC Cut Extension
Friday, December 01, 2017 Supply-demand balance expected to tighten in second half of 2018.
OPEC Heading For Oil Cut Extension With A Caveat
Tuesday, November 28, 2017 OPEC and Russia are heading towards prolonging their oil supply cuts for the whole of 2018.
Wild Swings in Iraq Oil Production Give OPEC Another Problem
Tuesday, November 21, 2017 OPEC has an Iraq problem: the group's second-biggest exporter is lurching between quota busting and production-crimping crisis.
Iran Says Majority Of OPEC Members Support Extending Oil Production Cuts
Monday, November 20, 2017 Iran's oil minister says the majority of OPEC members support extending a plan to cut production but a final decision will be taken at their next meeting on Nov. 30.
Gadfly: What the Saudi Arrests Mean for the Kingdom's Oil Policy
Monday, November 13, 2017 Crown Prince Mohammed bin Salman's recent decision simultaneously boosted the oil price and undermined the attractiveness of Aramco.
Oil Prices Rise On Supply Cuts And Political Tensions In Saudi Arabia
Thursday, November 09, 2017 Oil prices rose nearly 1%, supported by supply cuts by major exporters as well as continuing concern about political developments in Saudi Arabia.
OPEC Fightback Sees US Stocks Crumble
Tuesday, November 07, 2017 OPEC's finally getting some credibility back behind its swagger, ahead of the oil group's meeting later this month in Vienna.
Saudi Aramco Contractor Arkad Forms Oil, Gas Venture With ABB
Monday, November 06, 2017 The deal opens the doors to business in North Africa and the Gulf region.
Saudis Lead Gulf Nations in Cutting Break-Even Oil Price
Tuesday, October 31, 2017 Saudi Arabia is also a leader when it comes to slashing the crude price the country needs to balance its budget.
Goldman Sees Geopolitics Haunting Oil Again With Unclear Effects
Tuesday, October 17, 2017 The oil market is grappling with intensifying geopolitical risks.
Total's CEO Says Will Try To Move Ahead With Iran Gas Project
Tuesday, October 17, 2017 Total will try to push ahead with its Iran gas project if the United States decides to impose unilateral sanctions on Teheran.
Trump Disavows Iran Deal: What's at Stake for Oil Markets
Friday, October 13, 2017 Iran, already struggling to attract investors to its energy industry, may find things tougher still as Trump refuses to certify the nuclear deal.
Officials: Islamic State Torches Oil Wells In Northern Iraq
Monday, October 02, 2017 Islamic State militants set fire to three oil wells near Hawija, one of two areas of Iraq still under their control, military and oil officials say.
Middle East Oil Producers Turn to Crude Trading to Boost Incomes
Friday, September 29, 2017 Other OPEC members are joining in as oil prices remain at roughly half their levels of mid-2014.
Iraq Says Turkey Backs Baghdad in Feud Over Kurd Oil Exports
Thursday, September 28, 2017 An exclusive deal could disrupt crude shipments from the independence-seeking Kurd region.
OPEC Has Success at Last, But Oil Revival May Be Short-Lived
Wednesday, September 20, 2017 When OPEC and its allies gather this week, they'll have the best evidence yet that their efforts to clear a global oil glut are succeeding. It may prove short-lived.
Iraq Says OPEC Mulls Deeper, Longer Oil Cuts to End-2018
Tuesday, September 19, 2017 Iraq and other oil producers taking part in global output cuts think they should reduce supply by an additional 1% to help re-balance the market, according to Jabbar al-Luaibi.
Lebanon Passes Oil Tax Law Ahead of First Energy-Rights Auction
Tuesday, September 19, 2017 Lebanon's parliament approved a law to tax revenue from oil operations, weeks before its first sale of offshore energy exploration rights.
Dana Fight With BlackRock to Start Despite UAE Court Order
Tuesday, September 19, 2017 A London lawsuit over $700 million in Shariah-compliant bonds issued by Dana Gas PJSC will go ahead despite a last-minute United Arab Emirates court order.
Kuwait Says OPEC May Decide on Extending Cuts in March 2018
Wednesday, September 13, 2017 OPEC and allied oil producers will keep reviewing options for their agreement to cut output, and a final decision on extending the deal beyond March could be postponed until the first quarter of 2018.
Qatar Says It's Fulfilling Oil and Gas Deals Despite Gulf Crisis
Wednesday, September 13, 2017 Qatar says it is fulfilling all of its contracted shipments of oil and gas despite a regional political crisis that led to the severing of ties with some of its neighbors.
Saudi Arabia Says It's Open to Another OPEC Cuts Extension
Monday, September 11, 2017 Saudi Arabian Energy Minister Khalid Al-Falih agreed with his Venezuelan, Kazakh and UAE counterparts to keep all options open in their push to re-balance world oil markets.
BLOG: Qatar - A Case Study in Global Mobility Solutions Challenges
Wednesday, August 30, 2017 There's a perception that Qatar is a particularly challenging environment; more often than not, the risks are overblown.
Kurdistan Pays $1B To Dana Gas, Partners To Settle London Case
Wednesday, August 30, 2017 Iraq's Kurdistan region will immediately pay $1 billion to UAE-based Dana Gas and its partners to settle a long-running London court case.
Iraq Braves Break With Tradition to Get Oil's True Worth
Tuesday, August 29, 2017 OPEC's second-largest producer is stepping up the campaign to get more for its oil by looking to revamp the way it sells crude to its biggest customers.
OPEC's Long-Sought Success Spoiled by 2018 Oil Supply Worry
Tuesday, August 15, 2017 Oil investors are already worrying over the potential fallout when OPEC's deal to cut output expires, marring emerging signs that the accord to shrink a glut is finally succeeding.
OPEC Sees Higher 2018 Oil Demand, Points To Easing Glut
Thursday, August 10, 2017 OPEC forecast higher demand for its crude in 2018 due to rising global consumption.
OPEC Supply-Cut Compliance Runs Up Against Ire Over Country Targets
Thursday, August 03, 2017 OPEC has delivered record-high adherence to its oil output-cutting pact so far in 2017.
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.
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.
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.
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.
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.
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.
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.
Qatar's Emir Meets Exxon Mobil Corp CEO -Agency
Monday, June 26, 2017 The emir of Qatar met with Exxon Mobil Corp chairman and CEO Darren Woods in Doha on Saturday for talks on 'cooperation'.
Qatar Expats Say Leave Canceled, Travel Restricted After Arab Rift
Thursday, June 22, 2017 Expatriates working in Qatar say their employers had canceled holidays and barred them from leaving the country in the wake of a rift with other Arab powers.
Kemp: Saudi Arabia Eases Austerity Just As Oil Prices Decline
Wednesday, June 21, 2017 Saudi Arabia's decision to reverse some of last year's austerity measures coincides with a renewed decline in oil prices and complicates the financial and economic outlook.
Saudi Navy Seizes Boat With Weapons Near Offshore Oilfield
Monday, June 19, 2017 The Saudi navy seizes a boat carrying weapons as it approached the kingdom's offshore Marjan oilfield in the Gulf.
India's Oil Imports From Iran Plunge Over Gas Field Row
Thursday, June 15, 2017 India's oil imports from Iran have fallen to their lowest since June 2016.
Qatar Crisis Spills Into Libya, Entangling Glencore Over Oil
Thursday, June 15, 2017 The Qatar crisis is reverberating in Libya, inflaming political divisions in the war-torn oil exporter and dragging commodity-trading giant Glencore into a dispute over crude sales.
Petrofac Secures 5-Year Training Services Deal with KOC
Tuesday, June 13, 2017 Petrofac agrees a 5-year deal with Kuwait Oil Company (KOC) for the provision of specialist technical training and competency development services.
Op-Ed: $1 Trillion on the Line, and Saudi Aramco IPO Riddled with Risk
Tuesday, June 13, 2017 One trillion dollars, one trillion problems: Saudi Aramco weighs which exchange is worth the gamble for its IPO.
Libya's Sharara Oil Field Reopens After Strike
Friday, June 09, 2017 Libya's major Sharara oil field has reopened after a workers' protest.
Saudi Dispute With Qatar Has 22-Year History Rooted in Gas
Tuesday, June 06, 2017 Saudi Arabia's isolation of Qatar has been brewing since 1995, and the dispute's long past and likely lingering future are best explained by natural gas.
Oil Falls 1% On Fears Mideast Rift Could Harm OPEC Cuts
Monday, June 05, 2017 Oil prices fell nearly 1% on concerns that the cutting of ties with Qatar by top crude exporter Saudi Arabia and other Arab states could hamper a global deal.
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