Genel Energy, DNO confirm payment
Genel Energy and DNO ASA confirmed payment for the Kurdistan Regional Government.
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BP signs Iraq deal to help increase oil output at Kirkuk fields
BP agreed to help increase crude production at northern Iraq’s Kirkuk fields as part of government push to restore output and exports capacity after recapturing the oil-rich region from semi-autonomous Kurdish forces in October.
Shell to offload stake in Iraqi field, report says
Shell has struck a deal to divest its stake in an Iraqi oilfield to Japanese firm Itochu, a news report said.
All 32 people aboard burning oil tanker presumed dead, Iran says
All 32 crew members on board an Iranian oil tanker that’s been burning for a week near China’s eastern coast are presumed dead, an Iranian official said.
Leases extended for trio of Ades rigs
Oil and gas drilling services firm Ades International said today that it had agreed contract extensions for three of its rigs in the Gulf of Suez.
Fife power-connectors firm plugs in £1m UAE deal
A Fife services company has secured a £1 million contract to provide its power connectors to one of the biggest electricity and water authorities in the United Arab Emirates.
Goldman, Citi are said to be in lead for top roles in Aramco IPO
Saudi Arabian Oil Co. is set to appoint banks including Goldman Sachs Group Inc. and Citigroup Inc. to help manage its initial public offering, people familiar with the matter said, as the state-owned crude producer pushes ahead with what could be the world’s largest share sale.
Iranian tanker at risk of sinking as buyer seeks alternative oil
Hanwha Total Petrochemical Co. was considering alternative oil supplies after a fire on board an Iranian tanker that was destined for the South Korean company. The 32 crew members of the vessel were still missing following a collision in the East China Sea with another ship that’s left it in danger of sinking.
Handouts cheer Saudis but show struggle to revamp economy
Saudi authorities said they’ll spend billions of riyals to help citizens offset the impact of a value-added tax and a surge in gasoline and utility prices, a move that will help ease public discontent while highlighting the kingdom’s struggle to overhaul its economy.
Nine reported killed in Iran as court chief warns of death penalty
Overnight clashes between protesters and security forces in Iran killed nine people, state television reported on Tuesday, including some rioters who tried to storm a police station to steal weapons.
Saudi Arabia unveils its 2018 budget: economists’ reaction
Saudi Arabia released its second budget since unveiling proposals to reduce the kingdom’s dependence on oil. Here economists comment on the numbers, prospects for crude prices and the direction of government policy.
ADNOC continues transformation with shares listing
Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution) successfully listed its shares on the Abu Dhabi Securities Exchange (ADX) today following a bell ringing ceremony led by His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC chief executive and His Excellency Hamad Al Shamsi, chairman of the ADX.
Egypt sees pilot production at Eni’s Zohr gas field in days
Pilot production at Egypt’s Eni SpA-operated Zohr natural gas field will begin “in the coming few days,” the oil ministry said, as the country nears its goal of commercial output from the biggest gas discovery in the Mediterranean Sea by the end of this year.
Adnoc unit IPO to raise $902m after narrowing range
Abu Dhabi National Oil Co. plans to raise as much as 3.31 billion dirhams ($902 million) from the initial public offering of its fuel-retailing unit after lowering the top end of the offer price and deciding to only sell a 10 percent stake.
Genel hits oil with new Taq Taq well
Genel Energy said today that a well drilled in the northern part of the Taq Taq field in Kurdistan has struck oil.
TechnipFMC in $4.2bn Bahrain contract award
TechnipFMC is part of a group which has bagged a $4.2billion contract for expanding an oil refinery in Bahrain.
Saipem wins contracts worth £300m
Italian oil industry contractor Saipem has clinched deals worth £300million ($400million) in Saudi Arabia and West Africa.
Wood backing efforts to diversify Saudi economy
Aberdeen company Wood said yesterday it was backing efforts to strengthen and diversify the economy of Saudi Arabia and remained committed to “creating and accelerating” employment opportunities in the kingdom.
Wood cements commitment to Saudi workforce
Oil service giant Wood said today that it had firmed up its commitment to training and creating opportunities for Saudi workers.
Adipec 2017: Event gives Aberdeen firms access to ‘the right people’
Aberdeen oil and gas firms have seized the chance to speak to the "right people" at one of the world's biggest energy events.
Adipec 2017: Oil sector’s ‘ingenuity’ can protect it from cyber threat, ex-NI police chief says
A former Northern Irish police chief has said the oil and gas industry’s “ingenuity” can help tackle the threat of cyber attacks.
Ashdown weighs in on Saudi’s involvement in Yemen
The British Government is foolish to back Saudi Arabia while it is carrying out "clearly illegal acts" in Yemen, Liberal Democrat former leader Paddy Ashdown has said.
Lebanon PM invited to France amid claims of Saudi Arabia ‘detention’
French President Emmanuel Macron has invited Saad Hariri and his family to come to France after the Lebanese prime minister's surprise resignation earlier this month, amid allegations Saudi Arabia is holding him prisoner.
Adipec 2017: Adnoc reveals plans to boost major oil fields
Abu Dhabi National Oil Company (Adnoc) has reached an agreement to increase production capacity from the offshore Upper Zakum oil field to 1million barrels per day (bpd) by 2024.
Adipec 2017: Adnoc to launch new blend of crude
Abu Dhabi National Oil Company (Adnoc) has revealed plans to launch new blend of crude.