MENA ///

Egypt resolving dispute, holding up $15-billion Israel gas deal

Egypt said it was settling financial disputes with an Israeli electricity company and a key pipeline operator to turn a $15-billion deal to import gas from the Jewish state into reality.

Cyprus sees gas deal with Egypt as Cairo weighs Israeli supply

Cyprus is nearing an agreement to sell natural gas to Egypt, marking the second potential supply deal in as many days with the North African country vying to position itself as a regional energy hub after the startup of the giant offshore Zohr field.

Trinidad Drilling considers sale as Canadian E&P activity slumps

Trinidad Drilling Ltd., which provides contract drilling services in North America and the Middle East, is considering selling itself as years of slumping drilling activity in Canada weighs on revenue.

OPEC, Russia said to see oil glut dissipating at a faster rate

The latest discussions between OPEC and its oil-producer allies concluded that the supply glut is dissipating at a faster pace than previously anticipated, say people familiar with the matter.

Abu Dhabi broadens oil partnerships in $1.5-billion Cepsa deal

Abu Dhabi’s selection of a Spanish company to help it develop offshore oil fields is a sign of the Gulf producer’s push to diversify its partnerships while working to boost production capacity and secure long-term markets for crude.

Once OPEC's oil-price dove, Saudi Arabia takes a harder line

For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role seems to be shifting.

OPEC considers moving the goalposts - here's where they might go

After a year of production cuts, OPEC and Russia are finally near their goal of shrinking the world’s swollen oil inventories. So why are they planning to change their target?

Africa's top oil producer poised to give OPEC an output headache

Add independent Nigerian drillers to the list of oil producers itching to supply more crude at a time when OPEC and allies like Russia are trying to restrict output and prop up prices.

Oil trades near one-week high as stockpile gains slow down

Oil in New York traded near a one-week high as improving sentiment in equities spilled over into crude and American stockpiles increased slower than forecast.

IEA says OPEC almost cleared oil glut but shale risk looms

OPEC and its allies have almost achieved their goal of clearing an oil glut, but their efforts could be derailed by rising supplies from the U.S. and other rivals, the IEA said.

Turbodrills reduce well time and deliver lower cost per foot in hard and abrasive formations

Mark Miksa, Halliburton

Downhole turbines are a solution in hard and abrasive formations, otherwise inaccessible with conventional motors.

Oil & Gas in the Capitals

Dr. Anas Alhajji, Contributing Editor

The changing energy landscape of the Middle East

Oil bulls run scared in global volatility as U.S. rivals Saudis

Oil enthusiasts are retreating as volatility takes hold of global markets and American gushers rival Saudi Arabia’s.

BP begins production from Egypt’s Atoll gas field ahead of schedule

BP today announced the start of gas production from the Atoll Phase One project, offshore Egypt. The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule and 33% below the initial cost estimate.

Sound Energy announces eight-year Sidi Moktar petroleum agreement

Sound Energy, the Morocco focused upstream gas company, has announced the award of an eight-year petroleum agreement relating to the area currently covered by the Sidi Moktar onshore exploration permits in the Essaouira basin, central Morocco (Sidi Moktar).

Indian companies pay $600 million for stake in Abu Dhabi oil concession

Indian companies agreed to pay $600 million for a stake in one of Abu Dhabi’s biggest offshore oil concessions, securing a share in the emirate’s crude production for the first time.

Wood wins new contract delivering mega-project for Saudi Aramco

Wood has secured a new multi-million-dollar, five-year contract to support Saudi Aramco in the delivery of one of its mega-projects in the Kingdom of Saudi Arabia.

NAPE ‘18: Texas Railroad Commissioner Ryan Sitton forecasts strong U.S. supply growth to meet demand

As murmurs of peak oil demand pervade the oil and gas industry, Texas Railroad Commissioner Ryan Sitton sees a different trend—rising production from the U.S. to meet inflating demand from non-OECD countries like China and India.

Sound Energy provides operational update on Morocco work program

Sound Energy, the Moroccan upstream gas company, is pleased to provide details of its 2018 work program and an update on the Company's acquisition of geophysical and geological data in Eastern Morocco.

DNO ramping up Kurdistan investments, reports strong 2017 results

DNO ASA, the Norwegian oil and gas operator, today announced a 50% hike in 2018 spending in the Kurdistan region of Iraq to $250 million net to the Company on the back of higher revenues and regular export payments.