Middle East


All posts for Middle East

The Winds of War and Oil Markets

Financial sanctions came first, then sanctions on crude oil exports from Iran. But the situation was diffused when the US introduced waivers for 8 major importers of Iranian crude in November 2018, calming the markets. Not just because the extension of the current OPEC+ deal could be scuppered, ...

Hui Shan


Posted 21 days agoLink > IranMiddle Eastoil price +3

ICR announces Middle East Growth

ICR Integrity (ICR), a leading global provider of integrated maintenance and integrity solutions to the oil and gas, power, chemical and nuclear industries, has announced nearly $2 million of project awards since the start of the year in the Middle East and the appointment of a new Head of Sales to ...

Kate Kenyon


Posted 28 days agoPress > integrity solutionsIntegratedOil and Gas +7

Analysis: Oil market glut will lead to declining prices through 2020 by Dr. Daniel Fine

With the OPEC-Russia meeting ahead, the price of oil is at a crossroad.  President Trump wants lower prices for gasoline at the pump and the Democratic Party wants a shortage to lift prices higher. This is the 2020 presidential election, to re-elect Trump or a create a Democratic left-center White ...

Will Fine


Posted 1 month agoOpinion > Pioneer Natural ResourcesOccidental PetroleumAnadarko Corporation +97

BiSN see’s a significant increase in field deployments in Q1

BiSN, the global leader in innovative metal-to-metal downhole sealing solutions, is celebrating a successful start to 2019, deploying more than three times as many tools against the same period last year.   Working with new clients, in new locations, BiSN has moved beyond the R&D phase of their W ...

Kate Kenyon


Posted 1 month agoPress > growthSalesdownhole +8

Analysis: Things are flat in the Permian, and there's a push for renewables in Santa Fe by Dr. Daniel Fine

The Permian-Delaware Basin rig count should start falling as oil operators, large and small, are flat for 2019. Spending has been sharply reduced as supply now dominates the A.I. (Artificial Intelligence) used by many commodity traders in oil.    The large or integrated oil companies have all the ...

Will Fine


Posted 5 months agoOpinion > Santa Felatest oil and gas newsNew Mexico +69

Deep Casing Tools appointments strengthen Middle East team amid new business win

International casing and completion technology business, Deep Casing Tools, continues to consolidate its Middle East division with two new appointments and an order placed by a large Middle East national operator for 21 motorised reaming tools, valued at US $1.5million. Aqeel Al Faraj takes up ...

David Stephenson


Posted 6 months agoPress > Middle Eastmiddle east jobsDrilling +6

FACTBOX: Qatar exits OPEC to focus on LNG- S&P Global Platts

London (Platts)--03Dec2018/859 am EST/1359 GMT      Qatar's decision to become the first Middle East member country to leave OPEC and focus on its core strength of gas exports has stunned the cartel. Qatar's energy minister Saad Al-Kaabi said Monday that the gas-rich sheikhdom will exit the oil pr ...

OilVoice Press - OilVoice


Posted 7 months agoOpinion > QATAROPECLNG +5

Rystad Energy: Middle East Driving Global Growth in Conventional Oil Output

Middle Eastern oil production is expected to grow by 2.7 million bpd by 2025, according to latest Rystad Energy analysis. The boost in conventional oil output from the Middle East is primarily driven by supply additions from Iraq with 1.5 million bpd growth, and an additional 1.2 million bpd mainly ...

OilVoice Press - OilVoice


Posted 8 months agoOpinion > Rystad EnergyMiddle EastOil +5

Wood Secures $53 Million of Contracts Supporting ADNOC Onshore

Wood has been awarded three new, call-off contracts totaling $53 million by ADNOC Onshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC) . Project management consultancy (PMC) services will be provided for major projects across the company's onshore fields in Abu Dhabi, aimed at suppor ...

OilVoice Press - OilVoice


Posted 8 months agoPress > WoodContractADNOC +5

ROVOP Expands in Middle East with New Base and ROV Systems in the Region

ROVOP, the independent provider of subsea remotely operated vehicle (ROV) services, has expanded in the Middle East – opening a new base in the region to offer the highest quality ROV service. Two senior members of staff - operations director Doug Middleton and business development consultant Mich ...

OilVoice Press - OilVoice


Posted 8 months agoPress > Middle EastROVOffshore +2

Operator Confidence in Churchill’s Downhole Drilling Tools Continues to Grow Across the Middle East

Operator demand for the flagship DAV MX™ CircSub soars by more than 60% already this year Churchill reports rising demand across its product lines as operators increasingly adopt new technology Company to exhibit its award-winning technology at ADIPEC Churchill Drilling Tools, a global o ...

OilVoice Press - OilVoice


Posted 8 months agoPress > Churchill Drilling ToolsChurchill DrillingMiddle East

Wood Awarded Multimillion Dollar Contract Extension for Upper Zakum Oil Field Project

Wood has secured a multimillion dollar contract extension from ADNOC Offshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC), for services to the the UZ750 mega project offshore Abu Dhabi. The scope of work includes project management consultancy (PMC) services for the development which c ...

OilVoice Press - OilVoice


Posted 8 months agoPress > WoodContractUpper Zakum +7

Coretrax Reports 40% Business Growth in the Middle East

Coretrax, the independent wellbore clean-up and abandonment specialist, has achieved a 40% growth in Middle East business in 2018. The company, which opened a base in Saudi Arabia in 2014, has seen a steady uptake in activity with a growing demand for its wellbore clean up products which provide s ...

OilVoice Press - OilVoice


Posted 8 months agoPress > Middle EastCoretraxwell +3

ADES Completes Acquisition of Drilling Operations from Weatherford in Kuwait

ADES International Holding Ltd. (“ADES” or the “Company”), a leading oil & gasdrilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has completed the acquisition of twelve onshore rigs from Weatherford International plc. (“Weatherfo ...

OilVoice Press - OilVoice


Posted 8 months agoPress > ADES InternationalADESAcquisition +7

Milaha Reports 10% Increase in Net Profit for the Nine Months Ended Sep 30, 2018

Qatar Navigation (Milaha) Q.P.S.C. has announced its financial results for the nine months ended September 30, 2018.  Key financial highlights: Operating revenues of QAR 1.8 billion for the nine months ended September 30, 2018, compared to QAR 1.7 billion for the same period in 2017 Operatin ...

OilVoice Press - OilVoice


Posted 8 months agoPress > MilahaProfitEarnings +4