MENA ///

Siemens Energy awarded major service contract to strengthen Kuwait’s power grid reliability

Kuwait’s Ministry of Electricity and Water awarded Siemens Energy a contract to provide maintenance of 116 high-voltage substations. The five-year service contract represents Siemens Energy’s largest service agreement in the power transmission sector in the Middle East.

Energean, INGL agree to the transfer of near shore and onshore infrastructure

Energean Oil and Gas plc has announced that it has signed a Detailed Agreement with Israel Natural Gas Lines (INGL) for the transfer of title (the hand over) of the near shore and onshore part of the infrastructure that will deliver gas from the Karish and Tanin FPSO into the Israeli national gas transmission grid.

Wellpro Group acquires Hunting Energy Services, expands in the Middle East

Wellpro Group has continued its international growth momentum with a new acquisition in the Middle East – its first dedicated operation in the region.

McDermott awarded substantial offshore EPCI contract in the Middle East

McDermott International, Inc. has announced a substantial* contract award from a Middle East customer for engineering, procurement, construction and installation (EPCI) services in the Arabian Gulf.

Reactive Downhole Tools strengthens position in Middle East

Reactive Downhole Tools, independent supplier of well completion solutions to the global oil and gas industry, has announced Niall Urquhart as V.P. Eastern Hemisphere, to support its growth plans for the regions.

Oil market can weather zero Iranian exports

U.S. officials said the global oil market can withstand the removal of all Iranian crude exports this year, a conclusion that could be pivotal in the coming weeks as President Donald Trump weighs whether to end sanctions waivers granted to several nations.

Israel's chief geologist says latest bidding round offers changes and upgrades

The history of Israel’s gas and oil development can be subdivided into two distinct periods: 1955 to 1995, and 1999 to today. In the first period, roughly 450 wells were drilled onshore and offshore Israel.

Cepsa begins marketing crude from two of Abu Dhabi’s largest oilfields

Cepsa began to market crude this week from its 20% concession in the SARB and Umm Lulu oilfields, which the Abu Dhabi National Oil Company (ADNOC), on behalf of the Abu Dhabi Government, awarded it in February 2018.

Kuwait oil minister's resignation has been accepted

Kuwaiti Oil Minister Bakheet Al-Rashidi’s resignation has been accepted, according to a person familiar with the situation.

MMEC Mannesmann opens regional headquarters in Abu Dhabi

MEC Mannesmann GmbH (MMEC), a global leader in engineering, procurement and construction (EPC), has announced the opening of its branch office in Abu Dhabi that will function as a regional headquarters.

The Israeli Energy Minister announces Israel’s 2nd offshore bid round

Israel has announced the launching of its second bid round to grant exploration licenses for natural gas and oil in Israel’s economic waters, in the Eastern Mediterranean

Fairfield Geotechnologies awarded Z700 project in the Persian Gulf

Fairfield Geotechnololgies will begin an extensive Z700 acquisition project in the Persian Gulf, beginning December 2018

Bahrain says its biggest oil find since 1932 dwarfs reserves

Bahrain, the smallest energy producer in the Persian Gulf, discovered its biggest oil field since it started producing crude in 1932, according to the country’s official news agency.

Sparrows strengthens Middle East operations with Dubai Petroleum contract awards

Sparrows Group has strengthened its operations in the Middle East, securing two crane contracts with Dubai Petroleum, one for maintenance services and the other for the delivery of rental cranes.

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.

Pakistan orders Shell subsidiary to pay $2.4 million for tanker blast

Pakistan's oil and gas regulator on Friday ordered a subsidiary of Royal Dutch Shell to pay about 257 million rupees ($2.4 million) in damages and compensation for a tanker explosion that killed more than 200 people.

Oil tanker explosion kills 146 people in Pakistan

An oil tanker crashed and exploded on a road in Pakistan on Sunday, killing 146 people, many of whom were collecting leaking fuel before it ignited, government officials and rescue workers said.

Dana Gas bid to void debt stuns analysts who question motive

A decision by a Middle Eastern gas producer to declare its own Shariah-compliant bonds unlawful has baffled investors in the $2-trillion Islamic finance industry.

Petrofac secures five-year training agreement with Kuwait Oil Co.

Petrofac has agreed a five-year relationship with Kuwait Oil Company (KOC) for the provision of specialist technical training and competency development services.

Proserv Middle East secures multiple contract awards

Energy services company Proserv has been awarded a series of contracts worth a combined value of more than $11 million for its production control new-build and after-market services in the Middle East.