MENA ///

Trump sparks oil rally with Iran spat

Just over a week ago, crude prices were surging as attacks on Saudi Arabia’s oil tankers and pipeline network spurred fears that the Middle East was on the brink of military confrontation.

African Energy Chamber says U.S. firms will not be left behind as investments pick up in Angola

Angola has emerged as the hub of foreign direct investments within Africa, and the prospects of attracting more FDI this year are bright, particularly in the country’s oil and gas sector.

Persian Gulf deemed risky for oil tankers

Not since 2005 have the world’s insurers considered shipping in the Persian Gulf so dangerous for oil tankers.

Venezuela falls to fourth-largest oil producer in Latin America

Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement and lack of investments take its toll.

Russia's open to relaxing OPEC+ cuts as Saudis urge restraint

From easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets, Russia sees a range of options that would allow OPEC+ to continue output cooperation until year-end.

OPEC signals intention to keep limits on oil supply through 2019

Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages.

Iraq says ExxonMobil evacuation of staff is `unacceptable'

The evacuation of some ExxonMobil Corp. workers is “unacceptable and unwarranted” because it has nothing to do with the security situation in southern Iraq, according the country’s energy minister.

KBR awarded FEED contract for Oman LNG's debottlenecking project

KBR, Inc. has announced it has been awarded a front end engineering design (FEED) contract by Oman LNG L.L.C for the debottlenecking of their facility at Sur in the Sultanate of Oman.

Saudi pipeline attack highlights risk to Middle East oil exports, as tensions rise

Saudi Arabia accused Iran of ordering this week’s attack on key oil facilities, stoking concerns that the world’s largest oil-producing region is edging toward another war. Crude prices rose.

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.

Gazprom Neft produces its two-millionth ton of oil in Kurdistan, Iraq

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its two-millionth ton of oil since starting commercial production at its Sarqala field in the Kurdsitan Region of Iraq.

OPEC+ grapples with Iran crisis as ministers meet in Jeddah

When OPEC meets in Jeddah, their conversation will focus on Iran.

UAE won't be baited into Iran crisis as tensions mount

The UAE “won’t jump the gun” and accuse Iran of sabotaging ships off its coast, as rising tensions in the Persian Gulf stoke concerns the region is teetering on the brink of another war.

Saudi Arabia has restarted oil pipelines after Iran-backed rebel attack

Saudi Arabia restarted its main cross-country oil pipeline after a drone attack by Iran-backed rebels that halted the link and escalated tensions in the world’s largest oil-exporting region.

Russia aiming to share Saudi output hike as OPEC+ meets

Russia will join the OPEC+ talks this weekend having fulfilled its pledged production cuts, but keen to secure a share of any potential output increase.

Saipem reports accident on a vessel operating in the Caspian Sea

Saipem reports accident on a vessel operating in the Caspian Sea

McDermott awarded sizeable offshore contract by ADNOC

McDermott International, Inc. (NYSE: MDR) announced it has been awarded a sizeable* contract by ADNOC to provide FEED services on a design-competition basis for phase one of the Umm Shaif Gas Cap Condensate Development Project.

Saudis willing to meet all orders from ex-Iran oil buyers

If you have had to stop buying oil from Iran, Saudi Arabia has you covered, for June, anyway.

Saudi Aramco weighs potential shale investment with Equinor

Saudi Aramco is weighing a potential investment in Norwegian oil company Equinor ASA’s U.S. shale operations in what could be the energy giant’s first ever overseas venture for gas exploration.

ADNOC, ExxonMobil CEOs discuss new opportunities during visit to review progress of $30 billion Upper Zakum expansion

His Excellency Dr. Sultan Ahmed Al Jaber, UAE minister of state and Group CEO of the Abu Dhabi National Oil Company (ADNOC), and Darren W. Woods, chairman and CEO of ExxonMobil Corporation, met to explore new opportunities for collaboration in the upstream and downstream sectors, and discuss wider regional and business-related developments of mutual interest.