Gulfoilandgas.com Middle East Newshttp://www.gulfoilandgas.com/Gulfoilandgas.com NewsCopyright 2017. All rights reserved.en-us60http://www.gulfoilandgas.com/webpro1/frame/GulfOil.gifgulfoilandgas.comhttp://www.gulfoilandgas.com/Fri, 15 Dec 2017 03:49:27 GMTPetrofac Secures US$160 million Award from Basra Oil CompanyWed, 13 Dec 2017 00:00:00 GMTPetrofac’s Engineering & Production Services (EPS) division has secured an award worth US$160 million from Basra Oil Company (BOC), previously known as South Oil Company, for its Iraq Crude Oil Export...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63317&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_mePetrofac Awarded $800M Contract for Khazzan Gas FieldTue, 12 Dec 2017 00:00:00 GMTPetrofac has been awarded a lump-sum contract worth approximately US$800 million by BP for the Phase 2 central processing facility (CPF) at the Khazzan Phase 2 (Ghazeer) gas development in the Sultana...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63305&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meTechnipFMC Opens New Facility to Support Middle East MarketMon, 11 Dec 2017 00:00:00 GMTTechnipFMC officially opened its fully capable Surface International Facility in ICAD II as part of its continued investment in the UAE to reinforce TechnipFMC’s leading position in delivering local s...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63322&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meKuwait Replaces Oil and Finance MinistersMon, 11 Dec 2017 00:00:00 GMTKuwait replaced its oil and finance ministers in a cabinet reshuffle, state news agency KUNA reported. Bakhit al-Rashidi was appointed the new oil minister of the OPEC member state and Nayef Falah al-...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63273&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meSaudi Arabia to Supply Full Jan Crude Volumes to Several Asian BuyersMon, 11 Dec 2017 00:00:00 GMTSaudi Arabia, the world’s top oil exporter, will supply full contractual volumes of crude to five North Asian refiners in January, unchanged from the previous month, five sources with direct knowledge...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63271&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meKuwait Looking into Importing Iraqi Natural GasMon, 11 Dec 2017 00:00:00 GMTThe State of Kuwait is looking into ways to import Iraqi natural gas and it is negotiating a deal on the final price, said Kuwaiti Minister of Oil and Minister of Water and Electricity Essam Al-Marzou...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63270&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meProduction from Tawke Licence has Tripled to 15,000 bopdMon, 11 Dec 2017 00:00:00 GMTProduction from the Peshkabir field in the Tawke licence in the Kurdistan Region of Iraq has tripled to 15,000 bopd following completion of the Peshkabir-3 well testing, stimulation and clean-up progr...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63261&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meEnergean Signs Gas Sales Contracts for Karish & Tanin Development ProjectThu, 07 Dec 2017 00:00:00 GMTEnergean Oil & Gas is pleased to announce that Energean Israel has signed further Gas Sales and Purchase Agreements (“GSPAs”) for natural gas supply from the Karish and Tanin fields, offshore Israel. ...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63246&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meCB&I Announces EPC Award for Saudi Aramco Shell Refinery in Saudi ArabiaThu, 07 Dec 2017 00:00:00 GMTCB&I (CBI) announced it has been awarded a contract for more than $95 million by Saudi Aramco Shell Refinery (SASREF). The scope of work includes the engineering, procurement and construction manageme...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63233&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meIraq and Iran Negotiating Start Date for Kirkuk Oil ExportsWed, 06 Dec 2017 00:00:00 GMTThe head of Iraq’s state oil marketer SOMO is currently holding talks in Iran to determine a start date for oil exports from Iraq’s Kirkuk oilfields, Iraqi Oil Minister Jabar al-Luaibi said. ...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63205&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meMagseis Awarded Contract Extension for New OBS Survey in the Red SeaTue, 05 Dec 2017 00:00:00 GMTMagseis has together with is partner, BGP, been awarded an extension to the ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data in the Red Sea. ...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63200&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meGenel Energy Finds More Oil in Taq Taq FieldMon, 04 Dec 2017 00:00:00 GMTGenel Energy plc has announced an update on activity at the Taq Taq field (Genel 44% working interest). The TT-29w well, which was drilled to appraise the northern flank of the Taq Taq field, has been...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63203&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meAmpelmann Secures Contract with North Oil Company’s Al Shaheen FieldMon, 04 Dec 2017 00:00:00 GMTAmpelmann has secured a contract to supply its A-type gangway system to North Oil Company (NOC) on the chartered Bourbon Gulf Star DP2 72 PAX support vessel. ...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63153&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meTechnipFMC Awarded Bapco Sitra Refinery Expansion in BahrainMon, 04 Dec 2017 00:00:00 GMTTechnipFMC announced that, jointly with Samsung Engineering and Tecnicas Reunidas, it has been awarded a $4.2 billion USD contract from Bahrain Petroleum Company (Bapco) for the Bapco Modernization Pr...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63095&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meIran Signs Oil Swap Deal with Iraq SoonSun, 03 Dec 2017 00:00:00 GMTIran expects to sign a contract with Iraq within the next few days based on which it would swap the country’s oil produced in its Kirkuk province with equal amounts in the Persian Gulf. ...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63149&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meIran Signs Oil Swap Deal with Iraq SoonSun, 03 Dec 2017 00:00:00 GMTIran expects to sign a contract with Iraq within the next few days based on which it would swap the country’s oil produced in its Kirkuk province with equal amounts in the Persian Gulf. The announceme...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63110&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meWood and Saudi Aramco Sign MoU Supporting In-country OpportunitiesWed, 29 Nov 2017 00:00:00 GMTWood has entered into a Memorandum of Understanding (MoU) with Saudi Aramco, signalling its continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63088&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meIraq Aims to up Rumaila Oilfield Output to 1.5 mln bpd in 2018Wed, 29 Nov 2017 00:00:00 GMTIraq is planning to increase production from the giant Rumaila oilfield to about 1.5 million barrels per day (bpd) in 2018, the head of Rumaila operations said. Rumaila oilfield, developed by Britain’...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63084&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meGeneral Agreement among Oil Producers to Extend Output Cuts DealWed, 29 Nov 2017 00:00:00 GMTKuwait Oil Minister Essam Al-Marzouq said Tuesday a ministerial market monitoring committee would examine oil output levels for October and producers' commitment to production cuts, then refer recomme...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63076&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_meKuwait and UAE Oil Demand - November 2017Wed, 29 Nov 2017 00:00:00 GMTOil requirements also increased in Kuwait and the UAE by 3% and 2%, respectively, y-o-y as growth in the transportation fuels appeared to be the main source of support in both countries. ...http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=63073&utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_public_me