MENA ///

Sparrows Group wins first rigging maintenance contract in Qatar

Sparrows Group has been awarded their first contract for the provision of rigging loft maintenance services in Qatar.

Saudi Arabia, Kuwait make breakthrough in Neutral Zone oil talks

Saudi Arabia and Kuwait are the closest in years to restoring oil output from the neutral zone shared by the neighboring nations after making a breakthrough in recent talks, according to people familiar with the matter.

KOC awards Halliburton integrated offshore services contract

Kuwait Oil Company (KOC) and Halliburton have announced the companies have signed an integrated offshore drilling services contract for six high-pressure high-temperature (HPHT) exploration wells on two jackup rigs in the Arabian Gulf.

Iran says EU’s channel for trade not enough without oil

Iran’s oil minister said a European mechanism to shield some trade with his country from crippling U.S. sanctions won’t be useful if it doesn’t allow for oil sales, as efforts to preserve the unraveling nuclear deal face a looming deadline.

Saudi Aramco to restart preparations for giant IPO

Saudi Arabia is restarting preparations for a potential initial public offering of oil giant Aramco, months after putting the planned listing on hold, people familiar with the matter said.

Saudis dig-in for shale fight as OPEC+ extends cuts to 2020

Saudi Arabia, OPEC’s dominant producer, will keep doing the heavy lifting as the cartel and its allies were all but forced to extend their effort to counter the U.S. shale boom into a fourth year.

Saudi Arabia and Russia aren’t feeling OPEC’s market-share pain

OPEC may be losing its share of the global oil market, but not all losses are spread equally.

OPEC keen to extend cut, Russia is cautious

For an OPEC+ meeting in which the key decision over an output-cut extension is supposedly “in the bag,” Monday’s gathering in Vienna could be as closely watched as any during the three-year coalition.

OPEC+ grapples oil risks from trade war to Middle East conflict

OPEC and its allies look set to stick with their current strategy when they meet next week, renewing a deal to restrain oil supplies to prop up prices.

SDX Energy reports significant oil discovery in Egypt's West Gharib Concession

SDX Energy plc, the North Africa focused oil and gas company, has announced that an oil discovery has been made at its Rabul-7 development well in the West Gharib Concession in Egypt.

UAE splits with U.S. over blame for May oil tanker attack

The United Arab Emirates appeared to distance itself from U.S. claims that pinned attacks on oil tankers near the Strait of Hormuz on Iran.

Putin to meet with Saudi Prince just days before OPEC+ gathers

Russian President Vladimir Putin plans to meet Saudi Crown Prince Mohammed Bin Salman at the Group of 20 summit in Japan this week, just days before OPEC and its allies gather in Austria to discuss extending oil-output cuts.

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.

Saudi Aramco says it can keep oil flowing if Hormuz hit

Aramco has the experience and infrastructure it needs to keep crude flowing if supply through Hormuz is disrupted.

McDermott wins large EPCI contract for Saudi Aramco's Marjan and Zuluf fields

McDermott International, Inc. has announced a large contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan and Zuluf fields, offshore Saudi Arabia.

ADES International awarded contracts in Egypt, Algeria

ADES International Holding Plc, a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA) through its subsidiaries, has announced that it has been awarded a new two-year contract for its ADMARINE IV offshore jackup rig in Egypt.

Trump warns of more Iran sanctions with fewer targets remaining

President Donald Trump is threatening Iran with additional sanctions on Monday, but there’s not much left for the U.S. to target because most of the Islamic Republic’s economy has been crippled by earlier penalties.

A U.S.-Iran conflict could impact gas markets much more than oil

A potential conflict between the U.S. and Iran could be far more disruptive for liquefied natural gas markets than to the world’s crude shipments.

Shipping rates for Middle East oil are surging

Oil tanker owners are raising the prices they charge to export Middle East crude as tensions surge in a region.

Oil jumps by most this year as Trump warns Iran following drone attack

Oil jumped the most this year after Iran shot down a U.S. drone and Donald Trump warned the Persian Gulf nation it made “a very big mistake,” stoking tensions in the epicenter of global crude production.