Nicholas Kjaer, general manager of Churchill Drilling Tools’ operations in the Middle East and Asia, answers our questions about the oilfield services market, and how the company is moving forward in the region
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Iran oil tanker impaired but in stable condition in Red Sea: NITC
The National Iranian Tanker Company has reported a technical defect with one of its vessels currently in the Red Sea, but noted that it was in stable condition
Galfar wins $16mn subcontract for Ras Markaz Crude Oil Park
The Oman construction builder won the subcontract from China Petroleum Engineering and Construction Corp
Trump: US doesn’t need Middle East oil, calls for “American energy dominance”
The president of the United States claimed that the US has already achieved energy independence and is seeking dominance in the market
Gazprom Neft produces its 100-millionth barrel of oil at Iraq’s Badra field
Gazprom Neft subsidiary Gazpromneft-Badra has now produced 13.5mn tonnes, or 100mn barrels, of oil
Gibraltar will not hand over Iranian oil supertanker to US
The British-controlled nation says that while the tanker may have violated US sanctions, it has not violated those set by the European Union
OPEC cuts forecast for oil demand growth in 2019
The change comes as the US-China trade war continues and economies slow
TAQA H1 2019 revenue up 5%, led by oil and gas business
The oil and gas unit of TAQA saw an 11% increase in revenue, due to increased production volumes out of Europe and Iraq
Oil market outlook “gloomy”: Rystad Energy
Geopolitical issues, economic recession risk and OPEC+ are adding uncertainty to the market, Rystad Energy says
Oil prices stumble on geopolitical tensions, international trade disputes: IEA
The International Energy Agency says the future is uncertain as geopolitical tensions loom and oil demand growth estimates are cut back