Sparrows registered to operate in Saudi Arabia
Aberdeen energy service firm Sparrows Group has secured a commercial registration to operate in Saudi Arabia.
Middle East
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Saudis suspend oil shipments via Bab el-Mandeb after attack
Saudi Arabia took the extraordinary measure of temporarily halting oil shipments via the Bab el-Mandeb Strait, a key shipping lane for crude at the southern tip of the Red Sea, after two tankers were attacked by the Yemeni Houthi militia.
Conoco carries on exploring despite North Sea sell-off speculation
US oil major ConocoPhillips confirmed yesterday that it was exploring in the North Sea at a time when doubts are being cast on its desire to stay in the region long term.
DNO gets £48m payment for Tawke oil deliveries
Norwegian oil firm DNO has been paid £47.8million from the Kurdistan Government for crude oil deliveries from the Tawke license.
North Sea and Middle East player DNO picks up Iraq production
North Sea and Middle East-focussed operator DNO has announced a two-thirds increase in production from the Peshkabir field in Iraq.
Petrofac seals Iraq deals worth $110m
Oil service firm Petrofac has secured a new contract award and extensions worth more than $110 million for work in Iraq.
Deep Casing Tools nets £2.25m Middle East deal, hires new regional manager
An Aberdeen-headquartered oil field technology firm has won a new contract worth about £2.25 million to supply equipment to an unspecified operator in Saudi Arabia.
‘Catastrophic’ damage at oil terminal following armed assault
Libya’s National Oil Corporation (NOC) has reported a “catastrophic” damage at an oil terminal after an armed assault.
Armed clashes disrupt loadings at Libyan oil terminals
Oil loadings at two major terminals in Libya have been halted due to armed clashes in the area.
Saipem bags $1.3bn Middle East contract
Italian contractor Saipem has been awarded a pipeline project in the Middle East worth about $1.3 billion.
May talks Yemen, oil and Iran with Saudi leader
Theresa May has discussed the Iran nuclear deal, the war in Yemen and the oil market with Saudi leader Mohammed bin Salman, Downing Street said.
Saudi Arabia turns to Halliburton for its fracking needs
Saudi Arabia will partner with Houston-based Halliburton as it hopes to unlock a natural gas revolution similar to the shale boom that began in the U.S. more than a decade ago.
UK consortium signs agreement with Iran to develop oil field
Iran has signed an agreement with a British consortium to develop an oil field in the country's south, according to state TV.
Abu Dhabi’s Adnoc looks to India amid $45bn refining push
Abu Dhabi National Oil Co. is looking into acquiring a stake in an Indian refinery as it plans to invest $45 billion at home to expand its Ruwais refining and petrochemicals complex.
Total, Shell in gas development deal with Oman
Two oil majors have struck a deal with Oman over the development of natural gas resources in the Middle Eastern state.
KCA Deutag completes £480million Dalma takoever
Aberdeen-headquartered KCA Deutag (KCAD) has completed its £480million takeover of a rival contractor.
ARO Drilling wins four contracts from Saudi Aramco for Rowan jack-ups
ARO Drilling has won four contracts from Saudi Aramco for Rowan jack-up rigs.
Aberdeen event on emerging opportunities in Saudi Arabia
An event highlighting emerging opportunities in Saudi Arabia is being hosted in Aberdeen next month.
Aramco, Total eye Saudi fuel station swoop
Saudi Arabian Oil Co. and Total SA are weighing jointly buying businesses such as Tas’helat Marketing Co. to gain access to networks of retail fuel stations in the Gulf kingdom, according to people with knowledge of the matter.
Gulf Marine celebrates new long-term contract
Offshore rig contractor Gulf Marine Services said today that it had secured a long-term contract award for one of its mid-size class vessels.
Aramco accounts show scale of challenge facing Crown Prince
The first look at the financial guts of Saudi Aramco show a corporate cash gusher, pumping billions in profit every month and beating every other big name in global business.
Saudi oil goal of $80 a barrel will hurt fastest growing buyer
Oil’s rally to $70 a barrel is threatening to clip India’s economic wings at a time when Saudi Arabia is looking to join a $30 billion refinery project in the world’s fastest growing market.
BP sanctions second phase of giant Khazzan field project
BP said today that it had sanctioned the second phase development of the giant Khazzan gas field in Oman.
OMV in $1.5bn deal for Abu Dhabi oil fields
OMV will buy 20% of two offshore oil fields in Abu Dhabi, the Austrian firm said. It will pay $1.5billion for the stakes in Satah Al Razboot and Umm Lulu. OMV expects to sign on the dotted line with Abu Dhabi National Oil Company by the end of this month.
Bahrain celebrates biggest oil discovery since 1932
Bahrain, the smallest energy producer in the Persian Gulf, discovered its biggest oil field since it started producing crude in 1932, according to the country’s official news agency.