MENA ///

Oil majors queue in Iran as $30 billion of projects in play

Total, Royal Dutch Shell and Lukoil are among international companies that have selected oil and natural gas deposits to develop in Iran as the holder of the world’s fourth-largest crude reserves presents $30 billion worth of projects to investors.

Cortec helps aging oil and gas structures in the Middle East

As oil and gas facilities in the Middle East are aging and approaching their anticipated design life, operators are asking whether the end is really near, and whether a new lease on life is possible.

Grandweld delivers dive maintenance and support vessel to ADNOC

Grandweld, one of United Arab Emirates leading shipyards, has delivered one dive maintenance and support vessel to Abu Dhabi National Oil Company (ADNOC).

OPEC seen holding the line as $40 crude looms over Vienna

It’ll take more than $40 crude to make OPEC change its mind, analysts said before the group’s Dec. 4 meeting in Vienna.

Unique Group expands into Saudi Arabia

Unique Group, an integrated subsea and offshore solution provider, is making its first move into the Kingdom of Saudi Arabia with the opening of two new facilities in Riyadh and Dammam.

Oil resumes fall as Saudi Arabia repeats readiness to cooperate

Oil fell after briefly climbing on Saudi Arabia’s repeated pledge to work with OPEC and other producers to stabilize global oil markets.

OPEC with others to stabilize market, Saudi oil minister says

Saudi Arabia is working with other OPEC members and producers from outside the group to stabilize the market, Saudi Oil Minister Ali al-Naimi said.

ITF’s GCC members agree to advance hybrid EOR proposals

Following significant interest from technology developers, the Industry Technology Facilitator (ITF) will present proposals to its Gulf Cooperation Council (GCC) members for a potential collaborative joint industry project (JIP) on hybrid enhanced oil recovery (EOR).

HKN Energy receives approval of Sarsang Development Plan from Kurdistan

HKN Energy Ltd. announced Monday that the Kurdistan Regional Government of Iraq (KRG) has formally approved its Sarsang Development Plan, which projects increasing production to 50,000 bopd. Additionally, HKN has also declared that the East Swara Tika-1 well, drilled adjacent to the Swara Tika structure, is commercial.

Collaboration pivotal to technological innovation: Schneider Electric

Lower oil prices and increasingly challenging oil and gas fields have prompted energy companies in the Middle East and beyond to reconsider disruptive technologies to trim their expenditure, according to Schneider Electric, the biggest maker of low- and medium-voltage equipment.

OPEC says oil-inventory surplus is biggest in at least a decade

Surplus oil inventories are at the highest level in at least a decade because of increased global production, according to the Organization of Petroleum Exporting Countries.

Collaboration is key to tackling Middle East's ageing structures challenge: DNV GL

The Middle East faces a substantial challenge to ensure that hundreds of ageing offshore oil and gas structures operate safely beyond their original design life.

OPEC challenges shale afresh as Iraq crude floods Gulf of Mexico

OPEC’s latest challenge to U.S. shale oil producers would be about two miles long, lined end to end, and weigh almost 3 million metric tons. It’s due to reach American ports this month.

Veteran diplomat confirms consensus view at IPAA on Saudi, oil prices

As director of Rice University’s Baker Institute for Public Policy, and a veteran diplomat who served in eight U.S. administrations, Edward Djerejian has a long track record of watching, analyzing and dealing with dozens of foreign dignitaries and tricky policy issues.

ADIPEC 2015 Awards celebrate excellence, best practice and innovation

The winners of this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) Awards were announced on Monday evening.

BP says oil firms submit Iraq contract changes as output slows

ABU DHABI (Bloomberg) -- International oil companies submitted proposals to Iraq to change their production contracts in the face of constraints on growth in the country’s output next year after the oil ministry asked for spending cuts amid low crude prices, according to BP Plc.

ADIPEC 2015 kicks off with theme of innovation, sustainability

ABU DHABI, United Arab Emirates -- His Highness Sheikh Hamed Bin Zayed Al Nahyan, chief of the Abu Dhabi Crown Prince’s Court and a member of the Abu Dhabi Executive Council, has formally inaugurated the largest Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), marking the start of four days of industry-related discussions and activities, and bringing together leading international and regional decision makers to set the agenda for meeting the growing global demand for energy.

ADIPEC’s ‘Women In Industry’ conference puts spotlight on career progression for female professionals

ADIPEC’s acclaimed ‘Women In Industry’ Conference opened strongly Sunday, bringing together for the first time male and female industry leaders to address the challenges and opportunities for women in the energy sector.

Tata Steel announces partnership with IDC in the Middle East

MUMBAI, India -- Tata Steel has strengthened its links in the Middle East through the formation of a partnership with International Development Company (IDC) in the region.

Increasing efficiency is key to success in Middle East, says Amec Foster Wheeler

Increasing operational efficiency is vital in order to remain competitive, Amec Foster Wheeler said ahead of ADIPEC, which will take place in Abu Dhabi next week.