Middle East
News
September 15, 2023
Libya had shut export ports in the east during the storm last weekend and had reopened them by Tuesday. NOC said then that oil production was running at 1.2 MMbpd.
News
September 14, 2023
This announcement comes as part of the increasing international recognition of Qatar’s role in meeting the world's growing need for energy, particularly natural gas.
News
September 06, 2023
Using best-in-class technology, the project will triple ADNOC’s carbon capture capacity to 2.3 MMtpa, equivalent to removing over 500,000 gasoline-powered cars from the road per year.
News
September 05, 2023
The leader of OPEC will continue its production cutback of 1 MMbpd until December, according to a statement published by the state Saudi Press Agency on Tuesday. Russia’s export reduction of 300,000 bpd will be extended for the same duration, Deputy Prime Minister Alexander Novak said in a separate statement.
News
August 30, 2023
The Saudis introduced the additional production curb in July — on top of cutbacks it’s already made with partners in the OPEC alliance — and has been reviewing its extension on a monthly basis.
News
August 23, 2023
The operation is being carried out with the ADM-8 rig, operated by ADES, and has a final target depth of around 3,600 m.
News
August 22, 2023
The Islamic republic expects to boost production to 3.4 MMbpd by the end of summer, according to Oil Minister Javad Owji. That would put output near Iran’s capacity limit of 3.8 MMbpd.
News
August 22, 2023
The new Nubia discovery confirms the exploration potential in the northern area of the concession. The discovery also demonstrates that, whilst the Gulf of Suez is a relatively mature hydrocarbon province, it still has significant remaining exploration potential.
News
August 21, 2023
TankerTrackers.com Inc., which provides data on oil cargo shipments to governments, insurers and other institutions, estimates that the Persian Gulf state exported 2.2 MMbpd of crude and condensates during the first 20 days of August.
News
August 17, 2023
DNO restarted production at Tawke last month, and production is averaging about 40,000 bpd, according to a company statement. DNO said it had restarted the field to conduct well integrity tests and maintained output due to strong local demand.
News
August 11, 2023
Boskalis announced that subsidiary SMIT Salvage has removed all oil from the FSO Safer, located off the coast of Yemen in the Red Sea.
News
August 10, 2023
Saipem will undertake revamping of the platforms and of the facilities of the Bouri natural gas field, which lies in water depths between 145 m and 183 m offshore the Libyan coast.
News
August 07, 2023
This agreement aligns two successful and entrepreneurial companies with a shared vision for sustainable expansion, creating greater opportunities in new and existing markets as well as service development and enhancement.
News
August 03, 2023
During the extended Initial Phase, Maha intends to implement activities necessary to support any decision regarding Block 70’s declaration of commerciality, such as preparing a detailed plan for enhanced oil recovery, such as steam, waterflooding or other production enhancement methods.
News
August 03, 2023
Force Majeure, declared in 2014, was revoked following the completion by Eni of a Security Risk Assessment to assess the security conditions in the areas where the exploration program will be carried out. This study yielded positive results.
News
July 26, 2023
Riyadh introduced the additional cutback this month — on top of output curbs it’s already making with fellow OPEC+ producers — to shore up oil markets against a fragile economic backdrop.
News
July 18, 2023
The scope of work will see Sparrows complete all aspects of the engineering required to replace four BOS Liebherr cranes of four offshore platforms, which are beyond their expected operational life.
News
July 17, 2023
The nearby — but smaller — El Feel field, which was shut as part of the same protests, has also resumed production, another person familiar with the matter said.
News
July 14, 2023
The Sharara deposit in the southwest of the country began halting late Thursday. It has now fully stopped; the nation’s oil and gas minister Mohamed Oun confirmed the stoppage by text message. Oil prices jumped when news of the disruption, which also affected the nearby El Feel field, first emerged.
News
July 05, 2023
The UAE is “doing enough” to contribute to the OPEC+ supply curbs, Energy Minister Suhail Al Mazrouei told reporters in Vienna. He noted the large difference between the nation’s current output — seen at 3.07 MMbpd last month, according to a Bloomberg survey — and its full capacity of 4 MMbpd.
News
July 03, 2023
CGG announced that Sercel has been awarded multiple major equipment contracts by BGP Inc., a global geophysical services provider. The contracts include the delivery of 54 Nomad 65 Neo vibrator trucks and 29,000 GPR300 seabed nodes.
