Middle East
News
August 03, 2023
During the extended Initial Phase, Maha intends to implement activities necessary to support any decision regarding Block 70’s declaration of commerciality, such as preparing a detailed plan for enhanced oil recovery, such as steam, waterflooding or other production enhancement methods.
News
August 03, 2023
Force Majeure, declared in 2014, was revoked following the completion by Eni of a Security Risk Assessment to assess the security conditions in the areas where the exploration program will be carried out. This study yielded positive results.
News
July 26, 2023
Riyadh introduced the additional cutback this month — on top of output curbs it’s already making with fellow OPEC+ producers — to shore up oil markets against a fragile economic backdrop.
News
July 18, 2023
The scope of work will see Sparrows complete all aspects of the engineering required to replace four BOS Liebherr cranes of four offshore platforms, which are beyond their expected operational life.
News
July 17, 2023
The nearby — but smaller — El Feel field, which was shut as part of the same protests, has also resumed production, another person familiar with the matter said.
News
July 14, 2023
The Sharara deposit in the southwest of the country began halting late Thursday. It has now fully stopped; the nation’s oil and gas minister Mohamed Oun confirmed the stoppage by text message. Oil prices jumped when news of the disruption, which also affected the nearby El Feel field, first emerged.
News
July 05, 2023
The UAE is “doing enough” to contribute to the OPEC+ supply curbs, Energy Minister Suhail Al Mazrouei told reporters in Vienna. He noted the large difference between the nation’s current output — seen at 3.07 MMbpd last month, according to a Bloomberg survey — and its full capacity of 4 MMbpd.
News
July 03, 2023
CGG announced that Sercel has been awarded multiple major equipment contracts by BGP Inc., a global geophysical services provider. The contracts include the delivery of 54 Nomad 65 Neo vibrator trucks and 29,000 GPR300 seabed nodes.
News
June 21, 2023
The strategic alliance and rig acquisition will support DHS Ventures & Holdings target of reaching 75 MMbpd production capacity and gas self-sufficiency for the UAE by 2030, along with plans to unlock its unconventional oil and gas resources.
News
June 19, 2023
The performance of the BED 1-7 vertical well test has achieved the company's objectives for the well, including the Diagnostic Fracture Injection Test (DFIT) pressure leak-off for indications of reservoir parameters, fluid samples from the ARF, successful completion of a large single-stage fracture treatment on the ARF, and inflow performance testing of the stimulated well.
News
June 15, 2023
Driven by increasing demand for workforce development to meet the needs of the booming drilling market, ADS will now offer a broader portfolio of products and services including new hire assessments, role-specific progression programs, and rig reactivation support.
News
June 14, 2023
Sarens/ANPC was responsible for transporting heavy equipment from the supplier's facility in Rabiq (western Saudi Arabia) to Marjan's facility near Safanya (northeastern Saudi Arabia) via several multi-axle vehicles.
News
June 13, 2023
Even before the kingdom announced its surprise new measures just over a week ago, the Organization of Petroleum Exporting Countries expected that world inventories would deplete rapidly in the second half amid a post-pandemic recovery in fuel demand.
News
June 08, 2023
Under the terms of the memorandum, Eni will work on reducing CO2 emissions through the reduction of routine gas flaring, fugitive emissions and venting, as well as possible projects for the reduction of hard-to-abate sector emissions.
News
June 06, 2023
OSSO, the specialist fluid temperature control and separation solutions provider, has made a significant investment into its Middle Eastern mud cooling offering, expanding its fleet size by 150% and adding a full turnkey service offering.
News
June 05, 2023
Global oil demand is forecast to hit a record high this year, but the additional cuts announced on Sunday will bring Saudi production to about 9 MMbpd in July, the lowest since June 2021 when output was still recovering from the depths of the Covid-19 pandemic.
News
May 31, 2023
The agreements have enabled $774 million to flow back into the UAE economy through industrial investments by suppliers in expanding or establishing new facilities.
News
May 22, 2023
The oil produced during the testing phase is heavy oil of 11-13 degrees API, with viscosity higher than pre-testing estimates.
News
May 18, 2023
With the aim of being fully functional by year end, the new technology hub will be home to TGT’s scientific and engineering resources, research and development, information technology, software and AI development, manufacturing, maintenance, quality assurance, and headquarter functions.
News
May 16, 2023
Order books for the IPO, which could raise as much as $607 million at the top end, were covered throughout the range and indicated demand exceeded deal size, according to a message to investors seen by Bloomberg News.
News
May 09, 2023
Data collected from the well along with geomechanical and 3D seismic review has enhanced TAG’s horizontal well design. Plans are underway to secure a drilling rig to drill the first horizontal well designed with a multi-stage fracture stimulation.
