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Iran signs on Chinese rig
Monday, March 8, 2010 |
Iran's North Oil Drilling Company signed a $143 million deal with a unit of China National Petroleum Corporation, according to reports.
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OIL Field Discovery in Syria by OVL and Partner
Monday, March 8, 2010 |
ONGC Videsh Ltd. and its partner IPR Mediterranean Exploration Ltd. have made significant new oilfield discoveries in Block-XXIV located in northeastern part of Syria. The discoveries of Rashid and Abu Khashab fields have been back to back in 2009.
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Syria to Buy Azerbaijani Gas
Wednesday, March 3, 2010 |
Syria made an agreement with Azerbaijan to buy 1 to 1.5 billion cubic meters of Azerbaijani gas annually through Turkey.
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Abu Dhabi: Takreer signs $9.6b deals to boost capacity
Wednesday, March 3, 2010 |
Takreer, Abu Dhabi's oil refining company inked four agreements worth $9.6 billion (Dh35.25 billion) with four Korean companies to expand its oil refining capacity in Ruwais by the end of 2013, according to WAM the Emirati News Agency.
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Iran to tender 8 exploration blocks
Wednesday, March 3, 2010 |
"We are planning to hold tenders on eight exploration blocks soon. We are currently preparing the needed documents on these blocks," Mahmoud Mohaddes, exploration chief at National Iranian Oil Company, was quoted as saying by the semi-official Mehr News Agency.
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Aramco to drill in Red Sea's deep waters
Wednesday, March 3, 2010 |
The giant state-owned company Saudi Aramco is planning to explore in deeper offshore areas of the Red Sea on a search for new energy treasures in the next two years.
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Potential for more Israeli gas finds
Wednesday, March 3, 2010 |
Noble Energy, the explorer that was part of the biggest natural gas discovery in Israel, sees potential for additional finds in the Jewish country.
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DNO updates drilling operations in Yemen and Kurdistan
Wednesday, March 3, 2010 |
DNO has updated its drilling operations in Blocks 43, 47 & 53 in Yemen and in the Erbil license in Kurdistan, where the Erbil-2 well has tested 200-300 bopd of heavy oil.
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Iraq sets West Qurna and Zubair baseline
Monday, March 1, 2010 |
Iraq's Oil Ministry has agreed with ExxonMobil and Royal Dutch Shell to set the baseline production level at Iraq's West Qurna Phase One oilfield at 244,000 barrels per day (bpd).
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India seeks to boost Saudi energy links
Monday, March 1, 2010 |
Saudi Arabia announced that it would double its supply of crude oil to India to reach 40 million tones a year in a move to help India meet its growing demands.
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Saudi Aramco awards Baker Hughes contract for Coiled Tubing Drilling Systems
Friday, February 26, 2010 |
Saudi Aramco has awarded Baker Hughes a two-year contract for two fit-for-purpose underbalanced coiled tubing drilling packages designed to re-enter existing wells in the gas fields of southern Saudi Arabia.
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Start-up of RasGas Train 7 boosts Qatar's LNG production capacity
Thursday, February 25, 2010 |
Ras Laffan Liquefied Natural Gas Company Limited (3) (RL 3), part of RasGas companies, announced the successful completion and start-up of its seventh liquefied natural gas (LNG) train.
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Saudis make new gas hit
Wednesday, February 24, 2010 |
Saudi Arabia reported finding new gas in the northern Jalamid area, which it said could be commercially exploited.
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Qatar and Mobil initiate AKG-2 Project
Wednesday, February 24, 2010 |
Exxon Mobil Corporation and Qatar Petroleum confirmed that the Al Khaleej Gas-Phase 2 (AKG-2) project, with 1,250 million cubic feet per day (mcfd) of sales gas capacity, initiated operations in December 2009.
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Khafji output to reach 300,000bpd
Wednesday, February 24, 2010 |
Kuwait Gulf Oil Company's managing director, Bader Al Khashti, said that production from Al Khafji oilfield is expected to rise to 300,000 barrels per day (bpd) by the end of the first quarter.
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CNOOC closing the deal of Maysan oilfields
Tuesday, February 16, 2010 |
Iraqi oil officials stated that the Oil Ministry is discussing a service contract with China’s CNOOC for the Maysan oilfield complex
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Iraq forms new state-owned firm
Sunday, February 14, 2010 |
The Iraqi ministry spokesman, Assem Jihad said that Iraq launched its fourth sate-owned oil company, to oversee development of fields in the country's central.
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Kongsberg seals Middle East deal
Sunday, February 14, 2010 |
The offshore technology player Kongsberg Oil & Gas Technologies has won its first contract for its latest 3D visualization technology, SIM Reservoir.
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Iran claims new oil and gas fields
Sunday, February 7, 2010 |
Iranian Oil Minister Masoud Mirkazemi announced the discovery of an oilfield and a gas field, with reserves estimated by $85 billion.
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Azadegan oilfield boosts output
Thursday, February 4, 2010 |
Iranian Deputy Oil Minister, Seifollah Jashnsaz told Mehr News Agency that Iran’s Azadegan oilfield production reached 40,000 barrels per day (bpd).
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LUKOIL signs development and production agreement at the Iraqi West Qurna-2 field
Thursday, February 4, 2010 |
Vagit Alekperov, OAO LUKOIL President, signed a development and production agreement at the Iraqi West Qurna-2 field in Baghdad.
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New offshore oilfield found in Dubai
Thursday, February 4, 2010 |
The office of Dubai's ruler announced the discovery of a new maritime oilfield in the emirate of Dubai.
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Iraq May Become Top Global Oil Producer In 6-7 Years
Monday, February 1, 2010 |
Iraqi Oil Minister, Hussian Al Shahristani said that he expects Iraq to be top global oil producer in six to seven years.
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OPEC official: Iraq OPEC quota not needed for few years
Monday, February 1, 2010 |
OPEC Secretary General, Abdullah AL Badry announced that it will be four to five years before there is a need to include Iraqi oil output within OPEC’s oil production policy.
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Tethys Oil: Farha South Oil Well Tests 1,010 bopd on Pump
Thursday, January 28, 2010 |
A production test using a down hole Electrical Submersible Pump (ESP) has been completed in the Barik formation in the Farha South-3 well on Block 3 onshore Oman.
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RasGas Increasing Gas Production
Wednesday, January 27, 2010 |
Qatar's RasGas expects its train 7 liquefied natural gas production facility to come alive in early February, a company executive said on Tuesday.
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Kuwait To Boost Northern Production
Wednesday, January 27, 2010 |
Hosnia Hashim, an executive in charge of North Kuwait for state owned Kuwait Oil Company (KOC), told Al Seyassah newspaper that the northern fields currently produce around 650,000 barrel of oil and 500 million cubic feet of gas per day.
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Tethys Oil: testing operations on East Saiwan-2 concluded
Tuesday, January 19, 2010 |
The testing operations of the heavy oil zones encountered in East Saiwan-2 on Block 4 onshore Oman have been concluded.
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Iran praises OPEC
Tuesday, January 19, 2010 |
A senior Iranian oil official was quoted describing the commitment of OPEC (The Organization of the Petroleum Exporting Countries) to the crude output targets as "successful". Last year, the members reached a compliance of 66 percent.
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Qatar oil minister: market "well supplied"
Tuesday, January 19, 2010 |
Abdullah bin Hamad Al Attiyah, Deputy Prime Minister and Minister of Energy and Industry of Qatar said that the markets have enough oil supply.
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Iraq finalizes oil deals this month
Monday, January 11, 2010 |
Iraq's Oil Ministry will settle deals later this month with foreign energy firms for its Majnoon, Gharaf, Qayara and Najmah oilfields, said a top official.
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ADNOC lowers selling price of oil exports after Nov high
Monday, January 4, 2010 |
Abu Dhabi National Oil Co, which exports most of its oil to Asia, lowered official December selling prices after they reached the highest level in 14 months in November.
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Iraq awaits oil firms to pass on deal changes
Monday, January 4, 2010 |
Global companies negotiating multi-billion dollar oilfield deals with Iraq have not yet responded to government requests for adjustments to the contracts, a government spokesman said, contradicting an earlier Oil Ministry statement.
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Sonangol signs initial pacts for two Iraqi oil fields
Sunday, January 3, 2010 |
Sociedade Nacional de Combustiveis de Angola, better known as Sonangol, signed Wednesday in Baghdad two initial deals to develop Qaiyarah and Najmah oil fields in northern Iraq, officials said.
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Oman Oil refinery sees fall in 2009 production
Sunday, January 3, 2010 |
The quantity of oil used at Oman Oil Refineries and Petrochemicals Company declined by 7.2 percent during the first ten months of 2009, in comparision to the same period in 2008, a statistics bulletin issued by the National Economy Ministry said.
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Iraq to increase oil exports to China
Tuesday, December 22, 2009 |
The Iraqi Oil Minister Hussain al-Shahristani told Reuters today that Iraq accepted to raise its oil exports over the next year.
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Iran offers India 40% stake in South Pars
Wednesday, December 2, 2009 |
National Iranian Oil Co., or NIOC, has offered India a 40% interest in phase 12 of the South Pars gas field and 6 million metric tons of liquefied natural gas a year, its managing director said.
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Fugro awarded 3.5 year service contract Middle East
Wednesday, December 2, 2009 |
Fugro Survey (Middle East) Limited has been awarded a 3.5 year extension to their existing contracts with engineering and construction company, J. Ray McDermott (J. Ray), for the provision of survey, positioning and Remotely Operated Vehicle (ROV) services in the United Arab Emirates, Qatar, India and Saudi Arabia. J. Ray currently operate four major work barges in the region as well as a large number of other support vessels.
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Zamil Group and Petrofac establish new joint venture in Saudi Arabia
Wednesday, November 25, 2009 |
Petrofac, the international oil & gas facilities service provider, has established a Joint Venture agreement with Zamil Group Holding Company to create and operate a new service centre facility in the Kingdom of Saudi Arabia.
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Oman forecasts 2010 oil price
Tuesday, November 24, 2009 |
Oman expects oil prices to range between $70 and $80 a barrel in 2010, some 40% to 60% more than the $50 estimate the country is using for to calculate its budget, Oman's national economy minister said.
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Petrotechnics secures its move into the Middle East with $1million contract win
Thursday, November 19, 2009 |
Petrotechnics, the global leader in transforming the efficiency and effectiveness of frontline operations in the oil and gas industry, has announced the first deployment of its electronic integrated safe system of work (ISSOW) solution in the Middle East.
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Testing operations on Omani oil discoveries to commence
Sunday, November 15, 2009 |
Tethys and partner CCED (Oman) Ltd (operator) have contracted MB Petroleum LLC to provide the MB 49 work over rig to conduct testing operations on Blocks 3 and 4 onshore Oman. The 450 hp rig is currently being mobilized on Block 3 and testing operations will begin in the next couple of days. The Barik sandstone, which displayed excellent oil shows whilst drilling, was not fully evaluated at the time and will now be tested
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Dana Gas achieves revenue of AED 359 million in the third quarter
Sunday, November 15, 2009 |
Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, has announced its financial results for the quarter ending 30th September 2009.
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Qatar to boost LNG exports to China
Sunday, November 15, 2009 |
Qatar has agreed to boost supplies of liquefied natural gas to China by at least 5 million tonnes a year from early next decade, the world's largest LNG exporter said.
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Exxon-Shell consortium's deal will boost Iraq's output
Sunday, November 8, 2009 |
ExxonMobil and Royal Dutch Shell signed a deal with the Iraqi Oil Ministry on Thursday to develop a major field, marking the first foray by a U.S.-led consortium into Iraq's promising but uncertain oil industry.
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Aramco gas supplies to rise 30 pct in 5 yrs-reports
Sunday, November 8, 2009 |
Saudi Aramco plans to raise its daily gas supplies by 30 percent within five years to 8 billion cubic feet, Al-Hayat newspaper quoted its Chief Executive Khalid al-Falih as saying on Sunday.
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Yemen sends its first LNG shipment
Sunday, November 8, 2009 |
Yemen dispatched its first liquefied natural gas (LNG) shipment on Saturday from a $4.5 billion Total-led plant, as the leader of the violence-torn country sought to soothe security concerns.
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Petrobras looking at potential investments in Saudi Arabia
Thursday, November 5, 2009 |
Petróleo Brasileiro S/A - Petrobras, announces that, after a visit made to Saudi Arabia late October, it is analyzing some investment opportunities in that country.
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RWE says not in talks with Iran on Nabucco
Wednesday, November 4, 2009 |
German utility company RWE said it is not in talks with Iran regarding the country's participation in the €7.9 billion ($11.71 billion) Nabucco gas pipeline project.
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BP, CNPC to triple output from Super-Giant Rumaila field
Wednesday, November 4, 2009 |
BP, and China National Petroleum Corporation (CNPC), have signed a technical service contract with Iraq's state-owned South Oil Company (SOC) to expand production from the Rumaila oil field, near Basra in southern Iraq.
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Abu Dhabi to launch massive offshore development in 2010
Tuesday, October 20, 2009 |
Zakum Development Co., or Zadco, which is majority-owned by Abu Dhabi National Oil Co., will tender contracts next year to help it develop at a cost of as much as $15 billion the massive Upper Zakum oil field, a senior company official said.
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Plexus Holdings announces second contract with Dubai Petroleum
Tuesday, October 20, 2009 |
Plexus Holdings PLC, the AIM listed oil and gas engineering services business which supplies wellhead and mudline suspension equipment for exploration and production applications, has been awarded a second contract with Dubai Petroleum Establishment ('Dubai Petroleum'), a leading oil and gas company in the Middle East, to supply the Company’s 10,000 psi POS-GRIP wellhead technology with mudline suspension systems for exploration activities offshore United Arab Emirates in the Arabian Gulf. The contract is anticipated to commence in H1 of our financial year to 30 June 2010.
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Iraq plans to drill 150 Wells in 2010
Sunday, October 18, 2009 |
Iraq is planning to drill around 150 oil wells next year which will increase the country's crude oil production by 250,000 barrels a day, head of the state-run Iraqi drilling company said.
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Total starts up Yemen LNG production
Sunday, October 18, 2009 |
Total announces that the Yemen LNG liquefaction plant started producing Liquefied Natural Gas (LNG) on October 15, 2009. Total is lead shareholder of Yemen LNG and holds a 39.62% interest, alongside the state-owned company Yemen Gas Company (16.73%), Hunt Oil Company (17.22%), SK Energy (9.55%), Korea Gas Corporation (6%), Hyundai Corporation (5.88%), and GASSP1 (5%).
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Eni wins license for Giant Iraqi oil field in first round
Wednesday, October 14, 2009 |
Eni has been awarded the license for the development of the Zubair giant field in Iraq, following a successful first round bid. The license has been awarded to an Eni-led consortium (with Eni as Operator), consisting of the US Occidental Petroleum Corporation and Korea Gaz Corporation.
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Total interested in continuing Pars LNG Project
Tuesday, October 13, 2009 |
Total has resumed contacts to enter the Pars liquefied-natural-gas export scheme in Iran, a state company said, despite rising tensions between the West and the Islamic Republic.
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Exxon-Sabic venture to cost $5b
Wednesday, October 7, 2009 |
ExxonMobil Chemical and Saudi Basic Industries Corp (Sabic) joint-venture synthetic rubber plants were expected to cost about $5 billion (Dh18.39 billion), a senior company executive said.
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Jordan to weigh BP Risha plan
Thursday, October 1, 2009 |
The Jordanian Cabinet is set to discuss a draft gas exploration agreement with BP to develop the Risha gas field before giving it final approval, according to reports.
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