MENA ///

DNO increases Tawke stake, announces settlement of Kurdistan receivables

DNO ASA, the Norwegian oil and gas operator, has been assigned the 20% interest in the Tawke license held by the Kurdistan Regional Government as part of a landmark settlement of outstanding receivables owed to the Company for past crude oil deliveries.

Libya's biggest oil field back up as pipeline reopens to port

Libya’s biggest oil field is set to boost production after the pipeline to an export terminal was reopened following three days of forced disruption.

NXG Drilling Services expands with move to Aberdeen

NXG Drilling Services has invested more than £2 million in two new northeast operations to cope with increased demand for its tools and equipment solutions.

Shell loads oil in Libya for first time in five years

Royal Dutch Shell Plc, the world’s largest oil trader, is said to have loaded its first crude from Libya in five years over the weekend, adding to evidence of the OPEC nation’s comeback.

Qatar's growth prospects dim as Saudi-led boycott takes its toll

Qatar’s economy will expand this year at the slowest pace since 1995, according to economists surveyed by Bloomberg this month, as the impact of a Saudi Arabia-led boycott is felt on trade and investor confidence.

Libya gets better at maintaining oil flow as industry stabilizes

Libya’s getting better at resolving stoppages in its oil industry, underpinning a growing perception that the OPEC member is closer to becoming a stable producer again.

Packers Plus, BP Oman achieve unprecedented operational efficiencies in HPHT wells

Packers Plus Energy Services Inc. has announced recent developments with BP Oman Exploration (Epsilon) Ltd. Collaborations include development of a customized completion system, successful installation and subsequent stimulation of two high pressure/high temperature (HPHT) wells in Oman's Khazzan field.

Rockhopper Exploration provides Abu Sennan drilling campaign update

Rockhopper Exploration plc, the oil and gas company with key interests in the North Falkland basin and the Greater Mediterranean region, has provided the following update concerning the Abu Sennan drilling concession, onshore Egypt.

OPEC's long-sought success spoiled by 2018 oil supply worry

Oil investors are already worrying over the potential fallout when OPEC’s deal to cut output expires, marring emerging signs that the accord to shrink a glut is finally succeeding.

Libya's oil output disrupted by security threats, shut terminal

Libya’s biggest oil field has reduced crude production by more than 30% in recent days and the Zueitina export terminal ceased loadings over the weekend, throwing the OPEC country’s output back on a downward spiral.

Egypt moves to end state monopoly of natural gas market

Egypt is opening the door to private participation in its natural gas sector, moving to end the state’s monopoly as it pushes ahead with reforms meant to encourage investment and revive the economy.

Energy Issues

William J. Pike, World Oil

Producers have recently reacted to stagnant oil prices with announcements of cuts in capital spending.

Iran seeks reappointment of OPEC veteran Zanganeh as oil minister

Iran’s President Hassan Rouhani proposed the reappointment of its longest-serving oil minister, Bijan Namdar Zanganeh, who fought to restore crude production and closed a landmark deal with Total SA to develop the Persian Gulf country’s share of the world’s biggest natural gas field.

Cosasco secures corrosion contracts worth $3 million with Middle East operator

Cosasco, specializing in corrosion and erosion monitoring and chemical injection and optimization, has been awarded contracts totaling $3 million with L&T Hydrocarbon Engineering (LTHE) to deliver corrosion monitoring systems to a supermajor in the Middle East.

Libya's largest oil field "back to normal" after disruption

Libya’s biggest oil field Sharara is “back to normal” after a disruption caused by protests, the country’s National Oil Corp. said.

ADNOC in advanced talks with potential partners for new offshore oil concession

The Abu Dhabi National Oil Company (ADNOC) has announced that it is in advanced discussions with more than a dozen potential partners who have expressed a significant interest in the offshore concession, currently operated by the Abu Dhabi Marine Operating Company (ADMA-OPCO) that expires next March.

Oil's going, going, gone: crude's worth revealed at auctions

Oil producers who for years tracked top OPEC member Saudi Arabia to help set the price of their crude could now be looking to go solo.

Gazprom Neft signs MOU with Iran's OIEC

Gazprom Neft has signed a Memorandum of Understanding (MOU) with Iran’s Oil Industries’ Engineering & Construction (OIEC), confirming both companies’ mutual interest in combining forces in the preliminary assessment and investigation of the geological potential of oil fields located in the Islamic Republic of Iran.

Saipem secures $900-million contract for EPCI activities at Zohr field

Saipem and Petrobel have finalized offshore contract variations worth $900 million for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Optimized Ramp Up” phase of the giant Zohr field development project, situated in the Mediterranean Sea off the Egyptian coast.

Halliburton resolves investigations into Angola, Iraq operations violations

Halliburton Company has announced the resolution of the previously disclosed investigations regarding the Company's operations in Angola and Iraq.