MENA ///
Saudi Arabia’s Industrialization and Energy Services Company (TAQA) plans to acquire two companies in the North American oilfield services technology and manufacturing sectors by the end of the year.
Iran’s offshore oil production hasn’t seen any reduction and the country just loaded crude for export, said Hamid Bovard, head of the Iranian Offshore Oil Co.
Saudi Arabia, the world’s biggest oil exporter, cut June pricing for all crude grades to the U.S. and raised most pricing to other regions.
The Abu Dhabi National Oil Company (ADNOC) has announced that more than 300 young Emiratis have expressed interest in working for the company during ADNOC Technical Academy’s (ATA) 2nd annual ‘Open Day’, where the prospective students and their families learned how ATA’s training program is equipping its students with the skills and tools needed to pursue potential careers in the oil and gas industry – particularly, within ADNOC’s various operating companies.
Iran’s oil minister warned that OPEC is in danger of collapse as some nations seek to undermine their fellow members, an apparent reference to Saudi Arabia’s pledge to fill the supply gap created by U.S. sanctions on Iranian exports.
Deepwater mooring rope manufacturer, Lankhorst Offshore, has been awarded a contract by TechnipFMC to supply the mooring lines for the Energean Power Floating Production Storage and Offloading (FPSO) for the Karish and Tanin gas fields, located in the eastern Mediterranean, approximately 55.92 mi (90 km) offshore Israel.
The Abu Dhabi National Oil Company (ADNOC) has announced, as part of Abu Dhabi’s block licensing strategy and on behalf of the Supreme Petroleum Council (SPC) – the details of the second round of five new geographical oil and gas blocks open for bidding for both conventional and unconventional resources.
Wood has secured a new contract with SABIC to deliver the engineering design for a world-class petrochemical research center in the Kingdom of Saudi Arabia.
The Abu Dhabi National Oil Company (ADNOC) has announced that the ADNOC Technical Academy (ATA) will host its second annual ‘Open Day’ on Saturday, May 4, 2019 from 9:00 a.m. to 2:00 p.m. at ATA’s Al Shawamekh campus.
Saudi Arabia’s Industrialization and Energy Services Company (TAQA) announced Sunday that its drilling subsidiary, Arabian Drilling Company (ADC), has agreed to acquire Schlumberger’s Middle East onshore drilling rigs business in Kuwait, Oman, Iraq and Pakistan for $415 million (SR1.56 billion).
The Deputy Prime Minister of Iraq, Mr. Thamir A. Al Ghadhban, and the CEO of Eni, Claudio Descalzi met in Baghdad.
The world’s biggest oil exporter is ramping up efforts to develop natural gas with plans for a 15-fold boost in output from unconventional deposits of the fuel.
A Saudi Arabian oilfield services company backed by the country’s sovereign wealth fund kicked off a planned $1.2 billion in acquisitions by buying Texas-based Schlumberger Ltd.’s Middle Eastern drilling-rig business.
Petrofac has secured a number of new awards and contract extensions, with a combined value of over $30 million, to provide training solutions for key national oil company and international oil company clients in Oman, the UAE and Iraq.
The biggest threat to President Trump’s hopes for low gasoline prices is his growing entanglement in the politics of OPEC nations.
Secretary of State Mike Pompeo proclaimed America’s ability to help offset supply losses when the the U.S. vowed to stop any sales of Iranian crude. Maybe, but it would be a stretch.
Drydocks World, service provider to the marine, offshore, oil, gas and renewable energy sectors, has completed the 5th wellhead platform AQAM for TechnipFMC and end-client Dubai Petroleum.
Saudi Arabia’s energy minister said he sees no need to take immediate action in the crude market, signaling a cautious response to the U.S. decision to tighten sanctions on Iran.
Europe confirmed its efforts to aid Iran after the U.S. tightened all exports of Iranian oil for sanctions.
As the U.S. ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market.