Saudi Arabia's Energy Minister Khalid al-Falih said that oil demand remains strong and that he sees no impact from U.S.-China trade tensions.'The global economy is strong enough, I'm not too concerned. If a slowdown happens, it will be mild…
Italy's Eni SpA and Thailand’s PTT Exploration and Production Pcl secured rights to explore for oil and natural gas in Abu Dhabi from the Abu Dhabi National Oil Company (Adnoc), following Abu Dhabi’s first competitive block licensing round.A tweet from Adnoc said…
Independent global completions service company Tendeka reports it has secured a further multimillion-dollar contract with a major national oil company in the Middle East.The agreement will see Tendeka provide reservoir modelling and the installation…
Iranian Oil Minister Bijan Zanganeh said on Thursday U.S. sanctions against his country were 'fully illegal' and Tehran would not comply with them.Zanganeh, speaking at a joint news conference in Baghdad with Iraqi Oil Minister Thamer al-Ghadhban…
Top oil exporter Saudi Arabia plans to lower its shipments further in February as it follows through on a global deal to cut output to prevent a build-up in supplies.Saudi Energy Minister Khalid al-Falih told a news conference in Riyadh on Wednesday that the kingdom would export 7…
Nakilat-Keppel Offshore & Marine (N-KOM) held a steel cutting ceremony for a new offshore accommodation platform under construction at the Erhama bin Jaber Al Jalahma Shipyard in Qatar.Chief Executive Officer of Nakilat, Eng. Abdullah Al Sulaiti…
Norwegian oil and gas operator DNO ASA subsidiary DNO Oman Block 8 Limited has relinquished operatorship and participation in the offshore Oman Block 8 to the Sultanate of Oman's Ministry of Oil and Gas (MOG) and state-owned Oman Oil Company Exploration and Production LLC (OOCEP)…
Oceaneering International, Inc. announced that its subsidiary Oceaneering International GmbH has partnered with F&M Private Ltd (F&M Inspections) to explore opportunities to collaborate on asset integrity projects within Pakistan.The strategic…
A new stationary drilling platform was commissioned on Monday at the Bulla-Deniz offshore field in Azerbaijani sector of the Caspian Sea.The platform was built by SOCAR Oil and Gas Construction Trust and projected by the in-house Oil & Gas Research and Design Institute…
Kuwait has appointed Hashim Sayed Hashim as chief executive of Kuwait Petroleum Corporation (KPC), state news agency Kuna reported on Wednesday.Hashim was also appointed as vice chairman of the KPC's board, the report said.(Reporting by Hadeel Al Sayegh; Editing by Christian Schmollinger)
Iraq has agreed a deal with U.S. company Schlumberger Ltd to drill 40 wells in the giant Majnoon oilfield, the Oil Ministry said on Wednesday.Iraqi Oil Minister Thamir Ghadhban said in a statement that the agreement with the oil services firm was aimed at boosting production from Majnoon…
Austrian oil and gas group OMV signed a concession agreement with Abu Dhabi National Oil Company (ADNOC) for a 5 percent stake in the Ghasha offshore gas and condensate fields, strengthening its position in the region, it said on Wednesday.The…
Oil prices rose on Monday after a key Middle East oil minister suggested the market was rebalancing, but investor sentiment remained under pressure from oversupply and concern over the prospects for global economic growth and fuel demand.Brent crude oil was up 30 cents a barrel at $60…
The oil and gas drilling and production services company ADES International said that it has renewed an existing contract for the offshore rig known as Admarine 657, which is currently operating in Saudi Arabia.The renewal for Admarine 657 would…
A general cooperation agreement between OPEC and non-OPEC countries will be signed in three months' time in Saudi Arabia, the UAE's energy minister said on Monday.'By (the) end of March the document will be ready for signature,' Suhail al-Mazrouei…
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