Arabian Drilling Awards Siemens Modernization Contracts
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.
Middle East | Egypt Oil & Gas - Part 2
El Molla: The Middle East is a Natural Gas Basin
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 cooperatio ...
Iran to Lead the Middle East in Pipeline Additions
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
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 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 ...
Eni Plans to Reduce Oil Output from Libya
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
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
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 th ...
Sonatrach Grew Crude Exports
Algeria's Sonatrach achieved record high crude oil exports in October of 2.77m tons of oil equivalent, as opposed to the company’s usual monthly export volumes of 1.9m to 2m tons of crude oil per month.
