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Oil and gas industry news from the Middle East

Iraq violence stifles June oil prices according to IEA report

Submitted by Paddy Harris on 11th July 2014
11th July 2014
Iraq violence stifles June oil prices according to IEA report

Oil futures surged in mid‐June by USD 5/bbl to a nine-month high of more than USD 115/bbl for Brent as Islamist forces gained ground in Iraq, but later reversed their gains on confidence that Baghdad’s southern fields would remain untouched and improved prospects for a recovery in Libyan exports

ADMA-OPCO awards HHI contract for offshore construction at Nasr project

Submitted by Paddy Harris on 11th July 2014
11th July 2014
ADMA-OPCO awards HHI contract for offshore construction at Nasr project

Hyundai Heavy Industries has announced that it received a letter of award (LOA) for a USD 1.94 bn order for the second package of the Nasr Full Field Development Project to build the fixed platforms and to lay subsea cables from Abu Dhabi Marine Operating Company (ADMA-OPCO)

Oil Search completes Taza 2 drilling in Kurdistan

Submitted by Paddy Harris on 11th July 2014
11th July 2014
Oil Search completes Taza 2 drilling in Kurdistan

Oil Search reports that the Taza 2 well has been drilled to a total depth of 4,060 metres in a 6-1/8” hole at its Kurdistan play

KOC awards Petrofac USD 700m gathering centre contract in Kuwait

Submitted by Paddy Harris on 10th July 2014
10th July 2014
KOC awards Petrofac USD 700m gathering centre contract in Kuwait

Petrofac has received an award notification for Kuwait Oil Company’s (KOC) gathering centre 29 (GC29) which is located approximately 70 kilometres north of Kuwait City in the north of the country

Shell withdraws from Kidan natural gas project in Saudi Arabia

Submitted by Paddy Harris on 9th July 2014
09th July 2014
Shell withdraws from Kidan natural gas project in Saudi Arabia

Shell has confirmed that it is to withdraw from its joint venture project to develop natural gas production in the Empty Quarter with Saudi Aramco

CB&I awarded gas storage contract at Petrofac Saudi Arabia refinery

Submitted by Paddy Harris on 7th July 2014
07th July 2014
CB&I awarded gas storage contract at Petrofac Saudi Arabia refinery

CB&I has been awarded a contract valued in excess of USD 60m by Petrofac Saudi Arabia for product storage spheres

Penspen wins UAE topside construction management contract

Submitted by Paddy Harris on 7th July 2014
07th July 2014
Penspen wins UAE topside construction management contract

Penspen has been awarded a contract to provide Abu Dhabi Marine Operation Company (ADMA OPCO) with project management consultancy services for additional gas supply from USSC Project in the UAE

Oryx successful at DD-6 Kurdistan well and soon to spud DD-7 despite security concerns

Submitted by Paddy Harris on 7th July 2014
07th July 2014
Oryx successful at DD-6 Kurdistan well and soon to spud DD-7 despite security concerns

Oryx Petroleum Corporation has announced a production and drilling update for the Demir Dagh field in the Hawler licence area in the Kurdistan Region of Iraq, including test results for the Demir Dagh-6 appraisal well (DD-6)

GE Oil & Gas opens Dubai technology and training centre

Submitted by Paddy Harris on 3rd July 2014
03rd July 2014
GE Oil & Gas opens Dubai technology and training centre

GE Oil & Gas has opened a new facility in the Jebel Ali Free Zone (Jafza) in Dubai, as part of the global company’s continuing growth in the Gulf region

UMG installs hydrographic systems on Bayanat survey vessels

Submitted by Paddy Harris on 2nd July 2014
02nd July 2014
UMG installs hydrographic systems on Bayanat survey vessels

Unique System FZE, a division of Unique Maritime Group (UMG), has completed the installation of Kongsberg’s EM 2040 multibeam echo sounder units on two vessels at the Abu Dhabi yard of Mubadala subsidiary Bayanat Mapping & Surveying Services (Bayanat)

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