Middle East
News
February 01, 2024
Oil prices could top $90 per bbl this year if attacks escalate on ships in the Red Sea, according to the top executive at Brazilian state-controlled oil giant Petroleo Brasileiro SA.
News
January 31, 2024
Project Ru’ya, which will develop more than 550 MMboe, will be executed over a period of five years, with first oil expected in 2027. The project includes the drilling of more than 200 wells and the installation of a new centralized process complex, nine remote wellhead platforms, and associated pipelines.
News
January 31, 2024
State-run Aramco announced on Tuesday that it’s pausing a 1 MMbpd capacity expansion scheduled for 2027, without providing any explanation. With a constrained outlook for oil demand and swelling oil-service expenses, the decision makes sense, Wood Mackenzie said.
News
January 30, 2024
The surprise move comes after the world’s biggest oil exporter had said in November that it was progressing “very well” with a multibillion-dollar project to boost capacity to 13 MMbpd by 2027 as demand in China and India continues to grow.
News
January 29, 2024
The White House blamed Iranian-backed militias for the assault on U.S. soldiers, which was denied by Tehran, while Houthi rebels claimed responsibility for the attack on the ship. Here’s what five oil analysts say about the outlook and impact on the oil market:
News
January 26, 2024
Saudi Aramco, the world’s largest oil company, is continuing to send tanker loads of crude and fuels through the southern Red Sea, where Houthi militants have for months been menacing merchant ships in response to the Israel-Hamas war in Gaza.
News
January 26, 2024
Oil prices have so far shown a muted response to the additional 900,000 bpd supply reduction being undertaken by OPEC and its partners, which comes alongside geopolitical tensions including a conflict in the Middle East and attacks on shipping in the Red Sea.
News
January 24, 2024
The West Delta Deep Marine (WDDM) concession is located approximately 90 km offshore Egypt, on the north-western part of the Nile Delta. Significant gas volumes have been discovered in numerous fields and reservoirs.
News
January 22, 2024
Production at Sharara, which previously pumped about 270,000 bpd, will resume and force majeure, a clause in contracts allowing deliveries to be suspended, will be lifted, the OPEC country’s state-run National Oil Corp. said in a statement.
News
January 22, 2024
ADNOC is developing projects that will capture carbon emissions at its natural gas processing plants and is working to develop a trading desk for credits that can offset emissions.
News
January 18, 2024
The new data set is relevant for companies seeking to establish a presence in the area and for existing operators aiming to refine their exploration strategies.
News
January 18, 2024
For the first thirty wells in the project, Vallourec will supply in aggregate 15,000 tonnes of VAM of various tubes and connections, using the highest quality steel grades, from its Brazilian and European plants. Deliveries will start in 2024.
News
January 16, 2024
The California-based oil giant is working with naval authorities in the U.S. and Middle East to move its cargoes through the region, Wirth said in an interview with Bloomberg TV during the World Economic Forum in Davos, Switzerland.
News
January 12, 2024
Oil jumped as the U.S. and its allies launched airstrikes against Houthi rebels in Yemen, retaliating for attacks on ships in the Red Sea that have imperiled flows of fuel and goods through the vital waterway.
News
January 09, 2024
The Menna-1 well was drilled vertically to a total depth of approximately 1,600 m. The well logs indicate hydrocarbons in the Al Khlata, Karim and Birba formations.
News
January 03, 2024
A group of people had entered the field in 20 vehicles, demanding jobs, services and a new refinery, according to a letter signed by a board member at the state company.
News
December 28, 2023
The agreement stipulates the supply of up to 18 MMbbl per annum of Qatar Land and Qatar Marine crude oils to Shell starting January 2024.
News
December 23, 2023
OPEC nations Iraq, Nigeria and the Republic of Congo affirmed their commitment to the oil-producer group following the exit of Angola last week.
News
December 20, 2023
Norwegian oil and gas operator DNO ASA has announced a continued rise in gross production from its Tawke license in the Kurdistan region of Iraq, with the December average approaching 90,000 barrels of oil per day.
News
December 15, 2023
ADNOC and OCI combined their Middle East and North Africa crop-nutrient businesses in 2019 to form Fertiglobe, a regional fertilizer producer, to challenge U.S. and Russian exporters.
News
December 08, 2023
WesternZagros, a privately held American company with offices in Calgary, Canada, and Erbil and Sulaymaniyah in the Kurdistan region of Iraq, has officially become a member of APIKUR.
