Middle East

  • INE Approves PetroChina as Storage Facilities for LSFO Futures  

    INE Approves PetroChina as Storage Facilities for LSFO Futures  

    Tuesday, 15th December 2020

    Shanghai International Energy Exchange (INE) approved PetroChina International Middle East as overseas storage facilities for lower Sulphur fuel oil (LSFO) futures.

  •  Indian Oil Imports from Africa, US Rise in November

     Indian Oil Imports from Africa, US Rise in November

    Tuesday, 15th December 2020

    Data obtained from industry sources showed that Indian oil imports from Africa and US, in November, has risen but dropped from Middle East and Latin America.

  • Arabian Drilling Awards Siemens Modernization Contracts

    Arabian Drilling Awards Siemens Modernization Contracts

    Monday, 24th February 2020

    Arabian Drilling Company awarded a contract to Siemens, under which Siemens is going to modernize a full drilling-drives package and cooling system on a jack-up rig in the Middle East.

  • El Molla: The Middle East is a Natural Gas Basin

    El Molla: The Middle East is a Natural Gas Basin

    Monday, 13th January 2020

    The Minister of Petroleum and Mineral resources, Tarek El Molla, said that the East Mediterranean is considered to be a global basin of natural gas, having great energy potential to support the regional cooperation as well as new partnerships and integrations between the countries and the markets.

  • Iran to Lead the Middle East in Pipeline Additions

    Iran to Lead the Middle East in Pipeline Additions

    Monday, 13th January 2020

    Iran is expected to be a leading country in the Middle East's oil and gas sector when it comes to new-build trunk/transmission pipeline length additions.

  • KPC Offers Naphtha for Asian Companies

    KPC Offers Naphtha for Asian Companies

    Sunday, 29th September 2019

    Kuwait Petroleum Corp. (KPC) will provide its full-range naphtha to load $16 a tonne premium to the Middle East on a free-on-board basis from December 2019 to November 2020.

  • Superior Drilling Products Establishes Middle East Partnership

    Superior Drilling Products Establishes Middle East Partnership

    Thursday, 18th October 2018

    Superior Drilling Products plan to enter the Middle Eastern market through a service partnership with Smith International Gulf Services (SIGS) with the intention of launching the US company’s wellbore tool in the region.

  • Eni Plans to Reduce Oil Output from Libya

    Eni Plans to Reduce Oil Output from Libya

    Sunday, 18th March 2018

    Eni’s oil production in Libya will be reduced from 320,000 b/d to 200,000 b/d, Eni CEO, Claudio Descalzi stated.

  • Iran, Iraq to Lead Middle East Oil Growth

    Iran, Iraq to Lead Middle East Oil Growth

    Wednesday, 22nd March 2017
    The research consultancy Rystad Energy indicated that the oil field development in Iran and Iraq is expected to drive the largest production growth in the Middle East over the next four years.
  • Middle East OSV Market Shows Modest Growth

    Middle East OSV Market Shows Modest Growth

    Thursday, 2nd March 2017
    The Middle East is the only region to buck the downward trend in offshore supply vessels (OSV) over the last two years, IHS Markit analysis suggested. The region is the second biggest global OSV market with 17% of the global fleet.