OPEC’s campaign to prop up oil prices is getting unlikely support from its biggest customer, according to Bloomberg.
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Scottish Plexus wins tech order for Oman oil well
The new well, Karamah-1, will be drilled from the Aban VII jackup rig over 30 days
Oman’s energy sector makes modest gains
The Sultanate is hoping for a better new year in which it seeks to drive its oil and gas industry towards profitability, indulge in more innovative EOR projects, whilst leading the economy towards structured diversification
Adept wellheads key to sector’s total wellness
Efficient wellheads and equipment that reduce risks as well as maintenance costs in the prevailing market conditions, besides helping operators optimise production efforts, remain a core requirement of the regional upstream industry
Lebanon to restart oil, gas licensing round
In its first sitting since being formed in December, Lebanon’s new cabinet passed two decrees on Wednesday defining the blocks and specifying conditions for production and exploration tenders and contracts
Securing the critical infrastructure holds key
The cyber defences used in the MENA region to ward off attacks are outdated and ineffective, remaining highly vulnerable to hackers, Mohammed Abukhater writes
The bad news continues for offshore oil and gas
Offshore drilling has been one of the worst hit sectors during the oil price slump, with exploration expenditure having significantly dropped over the past two years and expected to continue to fall this year
QP obtains license to prospect in Morocco
Qatar Petroleum has obtained the licensing to prospect for oil and gas in Morocco’s southern costs, according to Moroccan news outlet Hespress.
Report: Regional Big Data growing in magnitude
According to a report published in 2016, the Big Data, Business Intelligence and Analytics market in the Middle East is expected to grow from $5.09bn in 2015 to $12.38bn by 2020, at a CAGR of 19.4%
Egypt’s bill of importing natural gas hit $250mn
The Egyptian government would continue importing natural gas until reaching self sufficiency within the coming two years