MENA ///

Wavefront issued 15-well stimulations campaign in Kuwait

Wavefront Technology Solutions Inc., a global supplier of fluid injection technology for oil and gas well stimulation and Improved/Enhanced oil (IOR/EOR) recovery has announced that the Company, through its local distributor, has been issued a campaign of 15 well stimulations in Kuwait.

UAE energy minister hopes global oil markets begin to tighten in second half of 2017

The United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Friday he hopes that global supplies will start tightening in the second half of the year when demand picks up.

Dana Gas to use AGR software for deepwater exploration in Egypt

Global energy services and technology company, AGR, has signed a SaaS (Software as a Service) contract with Dana Gas PJSC to supply the latest version of its P1 software.

OPEC, Russia to stand pat on oil deal even as glut persists

OPEC and Russia’s plan to clear the global oil glut hasn’t worked as they hoped, but there’s little expectation the world’s largest producers will act more aggressively when they meet this weekend.

Three years into cheap oil, Gulf Arab nations are still depending on rebound

Energy-rich Gulf Arab nations have scrambled to adjust to the slump in oil prices since 2014. Three years on, their economies are mired in weak growth and largely just as dependent on crude as they ever were.

Top oil market summons Poseidon to U.S.-Mideast crude fight

Poseidon is wading into the battle between U.S. crude and Middle East supplies in the world’s biggest oil market.

Egypt sets sights on doubling natural gas output by 2020

Three recently discovered major gas fields are expected to raise Egypt's natural gas output by 50% in 2018 and 100% in 2020, the petroleum ministry said.

Syrian army takes more oil fields from Islamic State in Raqqa and eastern desert

The Syrian army, backed by heavy Russian air strikes, seized a string of oil wells in southwest Raqqa province on Saturday, as retreating Islamic State militants battle to defend their remaining territory in the country.

IEA less confident on crude rebalancing as OPEC supply rises

The rebalancing of global oil markets has become less certain, with OPEC production rising and little evidence that bloated stockpiles are shrinking.

North Oil Co. takes over as operator of giant Al-Shaheen oil field in Qatar

Under the patronage, and in the attendance, of His Excellency Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani, the Prime Minister and Interior Minister, Qatar Petroleum held a special event to mark the inauguration of North Oil Company (NOC) as the new operator and developer of the offshore Al-Shaheen oil field, north of Qatar.

Contrarian who predicted OPEC's woes says group should end cuts

When OPEC and its allies unveiled their plan last year to re-balance world oil markets, prices rallied and most analysts expected the supply cuts would succeed. With the strategy now faltering, one bank that predicted failure says the group should call it quits.

OPEC’s first 2018 outlook shows it's pumping too much oil

OPEC’s first assessment of world oil markets in 2018 showed that, despite cutting output, the group is still producing too much crude.

New analysis indicates OPEC facing huge challenges

The price of a barrel of Brent crude has more than halved over the past five years, triggering an existential crisis for the world’s biggest oil producers.

Total starts work at biggest Qatari oil field to maintain output

Total SA will start work this week on Qatar’s biggest oil field and is willing to make more investments in the country, which faces a trade boycott led by fellow OPEC producer Saudi Arabia.

Goldman Sachs warns of oil below $40 without OPEC "shock and awe"

OPEC needs to “shock and awe” the oil market for prices to gain, according to Goldman Sachs Group.

Jeff Miller shares his vision for Halliburton’s future

In an exclusive interview at the company’s headquarters in north Houston, Halliburton President Jeff Miller, newly named as CEO, visited with Gulf Publishing Vice President Ron Higgins and Editor-in-Chief Kurt Abraham, to outline his thoughts and priorities for the firm’s next few years.

Tillerson to tour Gulf capitals as U.S. seeks to end spat

Secretary of State Rex Tillerson will travel to Kuwait, Qatar and Saudi Arabia this week to meet with Gulf leaders as the U.S. seeks to help end a standoff that pits U.S. allies against one another.

Libya, Nigeria may attend OPEC, non-OPEC meeting on July 24

Libya and Nigeria may attend a joint meeting between OPEC and non-OPEC this month, Russia's energy minister said on Monday, as oil producers look for ways to cap rising production to help support oil prices.

DNO spuds third Peshkabir well in Kurdistan

DNO ASA, the Norwegian oil and gas operator, has announced resumption of appraisal drilling at the Peshkabir discovery on the Tawke license in the Kurdistan region of Iraq following extended testing of the Cretaceous and Jurassic reservoirs in the Peshkabir-2 well.

Qatar flexing LNG muscle puts U.S., Australia at risk

As if billions of dollars of liquefied natural gas project cost overruns and the prospect of a glut well into the next decade weren’t enough, proposed export sites now face increased competition from the world’s biggest producer.