Scots businessmen back Middle East crew specialists
Two Scottish businessmen have given their backing to a Middle East based crew management specialist.
Middle East
Iraq reduces oil production by 180,000bpd
Iraq said it has reduced its oil production by around 180,000 barrels per day and plans to cut a further 30,000 barrels per day before the end of the month.
Iran, China to sign $3bln contract to upgrade refining capacity
Iran and China plan to sign a $3billion contract as they upgrade Iran's oil refining capacity.
£500k Middle East contract is chilling for HVAC
HVAC & Refrigeration Engineering, of Aberdeen said yesterday it had successfully completed a £500,000 contract to supply water chillers designed for “explosive” atmospheres.
Gazprom Neft, NIOC agree study into development of fields in Iran
Russian oil producer Gazprom Neft and the National Iranian Oil Company (NIOC) have agreed to conduct a study into the possible development of two oil fields in Iran.
Gulf Marine Services wins vessel contract in Middle East region
Gulf Marine Services (GMS) said today that it had one a new contract for one of its vessels in the Middle East North Africa (Mena) region.
Iran tells OPEC it boosted output by most since sanctions ended
Iran, which wants an exemption from OPEC’s accord to cut production, told the group it raised output by the most since international sanctions were lifted, while Iraq -- also insisting it should be spared -- gave no reading at all.
Aberdeen firm EnerMech announces £85m of new work
Aberdeen oil and gas engineering firm EnerMech said yesterday its cranes and lifting division had enjoyed an £85million boost from contract wins, extensions and renewals.
Total breaks away from pack to sign Iran gas field deal
French firm Total has signed a preliminary agreement with Iran for the development of one of the world’s biggest gas fields.
Coretrax to create dozens of jobs at new Saudi base
An Aberdeen firm which makes tools for well-bore cleaning and well abandonment plans to create dozens of jobs in the Middle East after moving into a new office.
Total confirms plans for Iranian oil contract
French oil major Total has confirmed a deal with Iran to develop the phase 11 part of the South Pars gas field along with the National Iranian Oil Company (NIOC).
Total boss happy to be first to do Iran deal
Total boss Patrick Pouyanne has said the firm would be happy to be the first Western oil company to reach an agreement with Iran.
Iraq reveals oilfields output to win over OPEC ahead of meeting
Iraq published data showing a rare level of detail for its oil production and exports, a week after inviting energy reporters to Baghdad to make a case that the country is pumping more crude than analysts and OPEC acknowledge.
Gas flow from Iran to Turkey stopped after explosion hits pipeline
The flow of Iranian gas to Turkey has been suspended after an explosion hit a pipeline.
Iraq’s deputy oil minister defies OPEC, says output surpassed 4million bpd
A defiant deputy oil minister said his country “was not going back in any way”.
Boris Johnson urged to intervene over dual-nationals jailed in Iran, including oil worker
The families of two dual-nationals jailed in Iran are calling on the UK Government to do more to secure their release.
Opinion: All hail Saudi Arabia’s victory in war on high-cost oil
We had BP's "Beyond Petroleum," now Saudi oil minister Khalid Al-Falih is setting the scene for "Beyond Market Share."
Two dead 16 injured after Saudi Aramco fire
Two were dead and 16 were injured after a fire at a Saudi Aramco-owned facility.
Saudi Aramco IPO will offer stake in all of company’s operations
The world’s biggest oil company is planning to sell shares in the entire business and not just in its refining or distribution operations, its chief executive officer said in an interview.
Opinion: Innovation in Dubai − How solar became the city’s next record-breaker
Dubai is a city with ambition and a reputation for breaking records. While the United Arab Emirates (UAE) has become synonymous with oil, much of Dubai’s growth has, in fact, been driven by large investments in construction and real estate. The city built the world's largest artificial islands, the world’s tallest hotel and recently announced plans to build a new tower in Dubai to surpass the world's current tallest building. It has even announced plans to construct the world’s first 3-D printed building. With this in mind, it’s perhaps no surprise that when Dubai turned its attention to the renewables sector, its ambitions were never going to be modest.
Trump Iraq oil claims would have defied Geneva Convention – reports
Legal experts have claimed Republican Presidential candidate Donald Trump’s suggestion the US should have taken oil out of Iraq following the 2003 invasion would have been a violation of the fourth Geneva convention.
Iran oil output near target means freeze is ‘political decision’
Iran hinted that it may soon drop its opposition to an oil-production freeze, with a senior official saying the OPEC member’s crude output is closing in on its pre-sanctions level and that limiting supply is “a political decision.”
OPEC Secretary General and Iranian oil minister meet for talks on crude prices
A meeting between OPEC Secretary-General Mohammed Barkendo and Iran's oil minister has started in Tehran.
Iran oil terminal could be ready by end of year
Iran has said it expects to complete a pipeline and a terminal to export a new grade of crude by the end of the year.
Saudi Aramco, Japanese Gov close to expanding Okinawa storage deal
Saudi Aramco and the Japanese government are set to agree on roughly a two million barrel expansion of crude storage capacity in Okinawa used by the state-run firm to store oil.