Middle East
Field Development
Iraq Considering Buying Exxon Mobil Stake in West Qurna 1 Oil Field
Development of Iraq’s Mansuriya gas field on the coast near the Iranian border is expected to cost $2.1 billion, Iraq's oil minister said.
Business , Exploration & Production
Oil and Gas Investor International E&P: Exploring Egypt
Apex International is succeeding in Egypt, just not quite the way founder and CEO Roger Plank planned.
Crude Oil , Trade , International
Fire Extinguished on Oil Tanker Off Syria after Suspected Drone Attack
The identity of the vessel was unclear, with Iran’s al-Alam TV saying it was one of three Iranian oil tankers that had recently arrived at the Syrian oil terminal, while the semi-official news agency Tasnim denied it was Iranian.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of April 21, 2021
Here’s a snapshot of recent energy deals including a new JV formed by Vortus Investment Advisors to develop oil-rich assets in the Permian Basin in New Mexico’s Eddy County.
Exploration & Production , Shale Plays , Technology
E&P Plus: Permian in the Middle East? UAE to Replicate US Shale Boom
The UAE’s unconventional resources show promising results, with production potential comparable to the most prolific North American shale plays.
Earnings , Exploration & Production
Energean Targets $2 Billion in Revenue by 2023
Based on its current portfolio, East Mediterranean-focused gas producer Energean reported 2020 revenue of $336 million and $108 million EBITDAX.
Completions , Artificial Lift , Logistics
Aquaterra Energy Secures Five-Year Riser Analysis Gig in Middle East
Combined with other recent project wins in the Middle East, Aquaterra Energy will now deliver an estimated £1 million ($US1.37 million) of riser analysis work over the five-year period.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of April 14, 2021
Here’s a snapshot of recent energy deals including a $312 million sale by Hess in the Bakken plus Saudi Aramco signs a $12.4 billion pipeline deal.
Investment , Acquisitions & Divestitures , Pipelines
Saudi Aramco Signs $12.4 Billion Pipeline Deal with EIG-led Consortium
The EIG-led group signed a lease and lease-back agreement with Aramco, acquiring the equity stake in the newly formed Aramco Oil Pipelines Co.
Unconventional
Bahrain Due to Start Drilling Wells in Offshore Shale Oil Field in Late 2022
The Khaleej al-Bahrain field is estimated to contain at least 80 billion barrels of tight (shale) oil.