Mubadala eyes Delek’s Tamar stake for $1.1bn
Delek Drilling has signed a non-binding memorandum of understanding (MoU) with Abu Dhabi’s Mubadala Petroleum on the sale of a gas field offshore Israel.
E&P
Welltec signs long-term deal with Aramco
Saudi Aramco has signed a long-form contract with Welltec for completion products and services.
Penspen wins onshore Abu Dhabi well work
Penspen has won a four-year contract to procure and construct flowlines and wellheads for 51 wells for ADNOC Onshore.
TPAO spuds exploration well in Black Sea
Turkey’s TPAO has begun drilling the Amasra-1 well, on the North Sakarya field.
PDO signs $4bn contracts on Block 6
Petroleum Development Oman (PDO) has signed service contracts worth $4 billion, the company said.
PIF deal cuts risk for ADES of contract renegotiations
Saudi Arabia’s purchase of ADES International reduces the risk that the company’s contracts be cancelled or renegotiated, Fitch Ratings has said.
Gulf Keystone relaunches expansion programme
Gulf Keystone Petroleum has restarted its 55,000 barrel per day investment programme, with MOL, in Kurdistan.
Saudi Arabia wealth fund to buy ADES
Innovative Energy has made an all-cash $12.5 per share offer to take ADES International into Saudi Arabian hands.
Egypt, Israel eye expansion of EMGF
Egypt and Israel are working on plans to expand the East Mediterranean Gas Forum (EMGF) into energy security, electricity infrastructure and emissions controls.
Adnoc lifts destination restrictions, signs Chinese MoUs
Adnoc has signed up two more potential Murban Futures customers and lifted destination restrictions, in addition to providing more market information.
Petrofac integrates Kuwaiti control centre
Petrofac has completed the integration of Kuwait Oil Co.’s (KOC) new Crude Oil Control Centre.
Oxy makes Abu Dhabi find
Occidental Petroleum has made another discovery in Abu Dhabi’s Block 3, the company revealed during a quarterly results conference call.
Egypt talks Leviathan, Gaza Marine plans
Israeli and Egyptian ministers have met to talk about a proposed pipeline from the Leviathan field to LNG plants.
Exxon sells Kurdistan stake to DNO
DNO has bought out ExxonMobil’s 32% stake in the Baeshiqa licence, increasing the Norwegian company’s stake to 64%.
PTTEP, Kufpec make historic gas find off Malaysia
PTT Exploration and Production (PTTEP) and Kuwait Foreign Petroleum Exploration Company (Kufpec) have made a major gas find while drilling offshore Malaysia.
Adnoc awards block to Japan’s Cosmo
Japan’s Cosmo Energy Holdings has won exploration rights for Abu Dhabi’s Offshore Block 4, under the state’s second bid round.
KOC awards Halliburton digital work
Kuwait Oil Co. (KOC) has awarded a contract to Halliburton to extend digital support to the North Kuwait asset.
Thailand’s PTTEP eyes more Middle East deals after $2.45bn BP pact
Thailand’s state-backed upstream player PTT Exploration & Production (PTTEP) said Monday that its $2.45 billion deal to buy a 20% stake in one of Oman’s strategic gas fields from UK major BP will pave the way for future investments in the Middle East.
Tawke output slips in 2020
The Tawke licence in Kurdistan produced 110,300 barrels per day in 2020, DNO has reported, down from 124,000 bpd in 2019.
Energean takes FID on Karish North, signs new loan
Energean has taken final investment decision (FID) on its Karish North gas development, offshore Israel.
Aramco employee killed in Nigeria
Unidentified gunmen have killed a Saudi Aramco employee in his home, in Nigeria.
Tethys spuds Omani exploration well
Tethys Oil has spudded an exploration well on Block 49, in Oman, with work expected to take 45 days.
Eni, SNOC start up Mahani
Eni and Sharjah National Oil Corp. (SNOC) have started producing gas and condensate at the Mahani field, less than one year after being discovered.
GKP appoints new CEO
Gulf Keystone Petroleum (GKP) has appointed a new CEO, Jon Harris, who will replace Jón Ferrier.
Eni, PTTEP take Abu Dhabi offshore block
Eni and Thailand’s PTT Exploration and Production (PTTEP) have won the first offshore block in Abu Dhabi’s second bid round, Adnoc has announced.