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Regional News: Middle East

 
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Mott MacDonald Partners Khudairi Group for Oil, Gas Projects in Iraq
Friday, February 27, 2015 Mott MacDonald partners Khudairi Group for oil and gas projects in Iraq.

Gulf Keystone Says In Preliminary Talks Over Potential Sale
Wednesday, February 25, 2015 Gulf Keystone says it was in talks with a number of parties about a possible sale of the company or some asset transactions.

Dragon Oil's Full-Year Operating Profit Falls on Higher Costs, Charge
Tuesday, February 17, 2015 Energy group Dragon Oil's full-year operating profit falls 16 percent as it spent more to sell its crude oil and took a $24 million impairment charge from well exploration in its Philippines asset.

Kuwait Oil Minister Sees Price Rally Continuing
Monday, February 16, 2015 Kuwait's oil minister says he expects the current oil price rally to continue into the second half of 2015 as the global supply surplus shrinks.

Total CEO Hails Abu Dhabi Concession As 'Blockbuster'
Thursday, February 12, 2015 Total's CEO Pouyanne hails the renewal of its oilfield concession in Abu Dhabi as a "blockbuster".

  



UAE's ADNOC Sign $500M Technical Agreement with Oxy
Tuesday, February 10, 2015 ADNOC signs a technical agreement with Occidental Petroleum to develop the al-Hail and Ghasha oilfields, ADNOC says in a statement.

Genel's Hayward Warns Over Iraq's Oil Growth Amid Low Prices
Tuesday, February 10, 2015 The head of Iraqi Kurdistan-focused oil producer Genel says Iraq's crude output will grow far slower than many expect as the drop in oil prices reduces investment in the country.

Abu Dhabi Gas Firms Award $1.6B Expansion Contracts
Tuesday, February 10, 2015 State-run Abu Dhabi Gas Industries Co (GASCO) and Abu Dhabi Gas Liquefaction Co (ADGAS) say they had awarded about $1.6 billion worth of contracts to expand the country's natural gas processing facilities.

S&P Lowers Outlook on Saudi Arabia Due to Plunge in Oil Prices
Monday, February 09, 2015 Standard & Poor's lowers its outlook on Saudi Arabia to "negative" from "stable" as a result of the steep decline in oil prices.

Source: Italy's Edison Suspends Talks to Buy Two Israeli Gas Fields
Monday, February 09, 2015 Italy's Edison is reconsidering buying two Israeli gas fields due to rising regulatory uncertainty and negotiations have already been suspended, a source at the company says.

Gulf Keystone Suspends Trucked Oil Exports from Iraqi Kurdistan
Friday, February 06, 2015 Gulf Keystone Petroleum suspends trucked exports of crude in favor of sales to the local market in Kurdistan as it awaits export payments from the Kurdistan Regional Government.

UAE's Dana Gas Blames Oil Prices, Egypt Charge for 4Q Loss
Thursday, February 05, 2015 UAE-based energy firm Dana Gas reports a fourth-quarter loss Thursday that the company blames on lower oil prices and a fall in value of its Egyptian oil and gas assets.

First Oil Flows at UAE's Offshore Nasr Field
Thursday, February 05, 2015 Inpex announces the commencement of production from the Nasr oil field offshore Abu Dhabi, United Arab Emirates.

Lamprell Delivers Jackup Jindal Pioneer to Dev Drilling
Wednesday, February 04, 2015 Lamprell delivers newbuild jackup Jindal Pioneer to Indiaís J.P. Jindal Groupís unit Dev Drilling.

Israel Says Noble and Delek Will Have to Sell Some Offshore Reserves
Tuesday, February 03, 2015 Israel's energy minister says natural gas companies operating offshore Israel will have to sell some of their reserves to avoid being deemed a monopoly.

Dana Gas to Use $60M Repaid by Egypt for Local Investments, Operations
Monday, February 02, 2015 Dana Gas will channel the $60 million repaid by the Egyptian government to the firm for future investment requirements and operational expenses in Egypt.

Sources: Saudi Aramco Stops Red Sea Deepwater Exploration Work
Monday, February 02, 2015 Saudi Aramco puts on hold its deepwater oil and gas exploration and drilling activities in the Red Sea because of high costs as it economizes in an environment of low crude prices, industry sources say.

Oil Minister: Iraq Oilfield Output Suspended After IS Fighting
Monday, February 02, 2015 Production at an oilfield near the northern Iraq city of Kirkuk remains suspended after incurring severe damage during a weekend attack by Islamic State insurgents, Iraq's oil minister says.

OPEC Delegates Cautious Over Oil-Price Rebound
Monday, February 02, 2015 Oil prices may stay depressed until summer due to weak seasonal demand even as Saudi Arabia's strategy of curbing the output growth of rival producers might have started achieving tangible results, OPEC says.

Total Signs 40-Year Onshore Oilfield Deal with Abu Dhabi
Thursday, January 29, 2015 Total will take a 10% stake in 15 onshore oilfields in Abu Dhabi.