Oil & Gas Middle East reveals the firms that have been redefining energy projects in the region
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Posted inPower List
Anton Oilfield Services
This Chinese firm currently has a project in southern Iraq, worth $140mn, to provide workover and completion services for more than 160 wells. But in April, alongside our top ranking EPC firm Petrofac, it secured an impressive deal to operate Iraq’s Majnoon oilfield – one of the country’s giant fields and where production is currently […]
Posted inDRILLING & PRODUCTION
New survey: OPEC will augment oil supply in second half of 2018
In a poll conducted with 66 oil industry executives, market traders and analysts, one week ahead of a critical OPEC-non-OPEC meeting in Vienna, 46 of those polled said they expected the world’s biggest oil exporters to raise output in Q3 and Q4 of 2018.
Posted inDRILLING & PRODUCTION
MENA region’s oil supply performance boosts amid tense geopolitical environments, reports APICORP
The report notes the effect of a number of geopolitical issues leading up to the second quarter of 2014, when crude supply began to overtake total demand resulting in an imbalance that reached 1.5 million barrels per day in 2015.
Posted inDRILLING & PRODUCTION
Iraqi oil tanker sets sail for the US, first in decades
An oil tanker carrying around 2mn barrels of crude oil has left Basra and is en route to the US in landmark sailing.
Posted inProducts & Services
Majority of oil and gas executives expect global M&A market to improve in 2019
According to the EY ‘Oil & Gas Global Capital Confidence Barometer’, oil and gas firms represent the highest deal-making appetite among all sectors surveyed, with 62% of executives intending to pursue M&A in the next 12 months compared with 52% globally.
Posted inDRILLING & PRODUCTION
Oil prices rise as Venezuelan woes continue and Trump seeks spike
Chronic economic meltdown in Venezuela helps fan moderate gains in oil price as OPEC weighs likely production increase.
Posted inO&G/RPME Awards
The jury for the 2018 Oil & Gas and Refining & Petrochemicals Middle East Awards unveiled
The collective experience of the jury in the upstream, midstream and downstream industry in the Middle East will empower the panel to adjudge the most suitable winner for each of the 10 categories in this year’s awards.
Posted inEvents
Pope Francis to address oil majors in Vatican climate conference
Organised by the University of Notre Dame in the United States, the conference is expected to be attended by the heads, or senior executives of companies, including ExxonMobil, Eni, BP, Royal Dutch Shell and Pemex.
Posted inExploration
Oman Oil weighs up selling Khazzan stake
The shareholding potentially available for sale could be worth around $1bn.