MENA ///

Kuwait says exit from oil cuts not on table as prices rise

OPEC and other global oil producers including Russia won’t be discussing how to end output cuts when they meet this weekend in Oman even as crude prices have recently been rising, Kuwait’s oil minister said.

Morocco to tender for $4.6-billion natural gas project

Morocco, which depends on imports for almost all of its energy needs, will soon tender for companies to build a $4.6-billion natural gas project, Energy Minister Aziz Rabbah said.

Iraq joins UAE in calling to keep cuts despite oil gains

Iraq joined the United Arab Emirates, Qatar and Oman in calling for OPEC and allied producers to stick with their agreement to cut oil output until the end of the year, despite recent price gains.

ADES extends three major contracts in Gulf of Suez

ADES International Holding Ltd., the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, has successfully extended two existing contracts for Admarine II, Admarine IV and renewed its lease for Admarine VI, all of which are in the Gulf of Suez area.

Gas Plus Khalakan provides update on Shewashan operations in Iraq

Gas Plus Khalakan, the operator of the Shewashan oil field in the Kurdistan Region of Iraq, is pleased to provide an end 2017 update on the operations and activity that has occurred on the Shewashan oil field.

Iran awaits Trump verdict on oil sanctions deal

World oil markets are about to get a clearer idea of what Donald Trump’s presidency means for one of the biggest crude exporters, Iran.

Kazakhstan overtakes Iraq as OPEC pact's biggest over-producer

Kazakhstan has overtaken Iraq to become the biggest over-producer in the pact between OPEC and its allies to curb oil output.

ADES extends three major contracts in the Gulf of Suez

ADES International Holding Ltd., the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, has successfully extended two existing contracts for Admarine II, Admarine IV and renewed its lease for Admarine VI, all of which are in the Gulf of Suez area.

UAE says OPEC is committed to supply cuts through 2018

OPEC will stick with production cuts for the rest of the year as the group makes headway toward its goal of clearing an oversupply of crude, United Arab Emirates Energy Minister Suhail Al Mazrouei said Thursday.

Halliburton provides major software grant to Sultan Qaboos University

Halliburton has announced a multi-million dollar software grant to the Colleges of Science and Engineering at Sultan Qaboos University in Oman. The grant provides access to leading industry software in geoscience, drilling and reservoir management so that students can gain practical experience to prepare for successful careers in the oil and gas industry.

ADNOC awards FEED contracts for offshore gas mega project

The Abu Dhabi National Oil Company (ADNOC) has awarded the two Front End Engineering Design (FEED) contracts for ADNOC’s planned offshore ultra-sour gas mega project, which consists of Hail, Ghasha and Dalma fields.

Iran says OPEC doesn't like oil over $60 as it nears $70

A key OPEC minister has warned that the group risks overheating the oil market as crude prices head toward $70/bbl.

Iraq wants Kurdish Kar Group to halt oil operations in Kirkuk

Iraq’s parliament wants the Kurdish Kar Group to halt work at its oil operations in the disputed northern region of Kirkuk, which the central government reclaimed from the OPEC country’s semi-autonomous Kurdish authorities in October.

Iranian tanker at risk of sinking as buyer seeks other supply

Hanwha Total Petrochemical Co. bought alternative supply after a fire on board an Iranian oil tanker that was destined for the South Korean company.

Four ways the OPEC deal could end early

OPEC and Russia have surprised the industry with the success of their grand alliance as oil surges to a three-year high.

Saudi Aramco said to seek adviser for global gas deals

Saudi Arabian Oil Co. is seeking to hire a bank to advise on plans to buy natural gas assets, according to people familiar with the matter, ahead of what could be the world’s biggest share sale.

Hamriyah Free Zone Authority partners with Gulf Publishing Company

To further promote the petrochemical, oil and gas sector of the Hamriyah Free Zone, the Hamriyah Free Zone Authority (HFZA) has signed a strategic partnership with Gulf Publishing Company (GPC), the world’s largest independent media company devoted exclusively to the global energy industry for more than 100 years.

White House threatens new Iran sanctions as arrests continue

The Trump administration threatened new sanctions on Iran as the number of civilians arrested in spontaneous nationwide protests that began last week neared 1,000.

Oil steadies above $60 as protests spread in OPEC producer Iran

Oil steadied after a second annual increase, supported by concern that protests in Iran could lead to a supply disruption in OPEC’s third-biggest member.

A guide to Mideast markets in 2018

For as long as Gulf economies rely on oil, crude will be a factor in determining how investors trade regional markets. But right now, politics is king.