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Saudi Arabia’s TAQA announces North American Investment, acquisition plans

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 hasn't cut offshore oil nor halted exports, according to IOOC

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.

Aramco cuts oil prices to U.S. as Trump tightens Iran sanctions

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.

ADNOC Technical Academy welcomes more than 300 Emirati students

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 challenges threats from OPEC member states

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.

TechnipFMC has awarded Lankhorst Offshore a contract to provide mooring lines for Energean Power FPSO

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.

Abu Dhabi launches second bid round for five major exploration blocks with substantial oil and gas potential

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 awarded engineering contract by SABIC for new technology center in Saudi Arabia

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.

ADNOC Technical Academy to host 2nd annual ‘Open Day’ for Emirati students on May 4

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.

TAQA drilling subsidiary to buy Schlumberger’s Mideast drilling rigs arm

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).

H. E. Mr. Thamir A. Al-Ghadhban, deputy prime minister of Iraq for energy affairs and minister of oil, meets Eni’s CEO Claudio Descalzi

The Deputy Prime Minister of Iraq, Mr. Thamir A. Al Ghadhban, and the CEO of Eni, Claudio Descalzi met in Baghdad.

Saudi Aramco to tap into Jafurah deposits in hopes of becoming "major player" in gas

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.

Saudi Taqa has purchased Schlumberger's Middle Eastern drilling rig business

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 secures training solutions contracts in Oman, UAE and Iraq

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.

Trump's widening OPEC fight puts Saudi oil capacity in spotlight

The biggest threat to President Trump’s hopes for low gasoline prices is his growing entanglement in the politics of OPEC nations.

U.S. may not be able to offset Iran oil losses

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 completes 5th project for the Arabian Gulf

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.

Saudis see no need for immediate action on oil market

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 pledges support of Iran as Trump targets oil exports

Europe confirmed its efforts to aid Iran after the U.S. tightened all exports of Iranian oil for sanctions.

OPEC+ oil cuts jeoperdized by Iran waiver termination

As the U.S. ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market.