MEOG - Middle East Oil & Gas
Never one to shy away from tricky negotiations, Iraq is looking to stack the deck in its favour for future oil licensing while taking steps to expand its export infrastructure and bargain hard with Turkey.
State-owned QatarEnergy this week signed a new 10-year deal to supply naphtha to Japan’s Marubeni Corp.
The Iraqi government is reportedly planning to award a contract for the development of the Akkas gas field to a Ukrainian company as part of its ongoing efforts to harness its underutilised natural gas reserves.
Oman’s state gas transmission system operator is reported to be set to award an engineering contract for work to install new pipelines and link them to existing infrastructure.
A first meeting between the Turkish and Israeli leaders in New York during the course of the UNGA brought comments from Turkish President Erdogan that the two East Mediterranean countries would soon begin joint energy exploration in the region.
Iranian lawmakers passed a law during their session on September 26 that grants the National Development Fund of Iran the authority to engage in the production and export of oil and gas, to settle the government's outstanding debts to the fund.
Italian contractor Saipem has awarded Chinese modular fabrication specialist Bomesc Offshore Engineering a $220mn contract to build living quarters as part of Qatargas’ North Field Production Sustainability (NFPS) project.
The deep freeze that has been US-Iran relations is slowly thawing. That doesn’t mean relations will become “good” anytime soon. But it does mean that Iran will be able to slowly reintegrate into the global economy.
The London-listed and TASE-listed company said overall production during the period averaged 105,900 barrels of oil equivalent per day, of which 82% was natural gas produced at the Karish gas field, the company’s main focus of operations.
The discovery is preliminarily estimated to contain 25-130mn boe in gross recoverable resources on a P90-P10 basis, with a mean of 70mn boe, DNO said. The resources were located in a Jurassic reservoir zone with high-quality sandstones.
Saudi Arabian oilfield drilling firm ADES Holding’s initial public offering was almost 63 times oversubscribed, with orders worth SAR287bn ($76.5bn) received for an offering worth $1.2bn.
The drilling arm of Abu Dhabi National Oil Co. (ADNOC) has continued to expand its fleet of rigs in support of the parent firm’s upstream expansion.
OQ has announced pricing for the IPO of its gas network arm while also putting minority shares in upstream assets up for sale