Halliburton Wins Aramco Unconventional Gas Contract
Saudi Aramco signed an unconventional gas stimulation services contract with Halliburton on May 27 to aid the company’s Unconventional Resources Program.
News / International
Iranian South Pars Gas Condensate Exports Rise by 149%
Exports of gas condensate from Iran’s South Pars gas field rose by 149% in May 2018.
Arabian Gulf Oil Company Returns to Full Production After Power Problems
Oil output from Libya’s Arabian Gulf Oil Company (AGOCO) has returned to its normal level of 250,000 barrels per day (b/d) after electricity supply problems.
OPEC, Russia Consider Relaxing Production Cuts
Saudi Arabia and Russia will discuss allowing oil production to increase by around 1 million barrels per day (b/d) in an effort to ease concerns over a supply shortage and high oil prices.
Oxy Oman Signs Contracts with Local Engineering Firms
Independent oil producer Occidental Oman (Oxy Oman) has signed two oil field service contracts with local Omani companies for engineering support services, the renting of centrifuges and solid control engineering services.
Sonatrach Meets with Russian Oil Firm to Discuss Pipeline Improvements
Algerian national oil company Sonatrach attended a meeting held by Russian oil transportation company Transneft Diascan to discuss improvements to Algeria’s oil infrastructure.
Kuwait Energy Looks to Sell Iraq Asset to Repay Debt
Independent oil and gas company Kuwait Oil is considering selling all or part of its Block 9 asset in southern Iraq, and has hired investment bank Perella Weinberg Partners (PWP) to advise on the matter.
EU Legislation to Circumvent US Sanctions on Iran
The European Union is updating legislation to allow European companies to avoid US sanctions when doing business with Iran.
Iran, Pergas Sign Deal to Develop Keranj Field
Iran and international consortium Pergas have signed a preliminary deal for the development of an oil field in southwestern Iran.
ADNOC, Ravago Sign MoU on Ruwais Refinery Cooperation
Abu Dhabi National Oil Company (ADNOC) and the Belgium-based Ravago Group have signed a Memorandum of Understanding (MoU) to “explore opportunities for cooperation” at the Ruwais Industrial Complex in the United Arab Emirates.
