Middle East
Crude Oil
Oil Rally Stalls on Signs of More Supply, Demand Doubts
Oil slipped from seven-month highs on Nov. 26 as signs of growing supplies helped to halt a rally driven by optimism that COVID-19 vaccines will revive fuel demand.
Seismic
Sercel Wins Seismic Equipment Contract for Saudi Mega-Crew
Sercel has won a major contract to supply land seismic equipment for a 3D mega-crew survey recently awarded to ARGAS in Saudi Arabia, CGG said in a press release on Nov. 24.
Unconventional , Conventional
UAE Oil Discoveries Bolster ADNOC Bid to Reach 5 MMbbl/d Capacity
United Arab Emirates' Energy Minister Suhail al-Mazrouei said on Nov. 23 the latest oil discoveries are part of state-owned Abu Dhabi National Oil Co.'s efforts to increase production capacity to 5 million barrels per day (MMbbl/d) by 2030.
Highlights
E&P Plus: November 2020 International Drilling Activity Highlights
Check out the latest oil and gas drilling activity highlights from around the world featured in the November issue of E&P Plus including an exploratory test offshore Guyana by Exxon Mobil plus a deepwater gas discovery in the Turkish sector of the Black Sea.
Business
Saudi Aramco Gets $8 Billion with Jumbo Five-part Bond Deal
The company received $48.1 billion in orders for the debt sale, less than half what it drew for its debut bond sale last year, a document showed.
Drilling , Pipelines
Sapura Energy Secures Qatar Pipeline Project from Total
Sapura Energy Berhad, a leading global integrated oil and gas services and solutions provider, has been awarded a major contract win in the Middle East on Nov. 16.
Markets , Renewables , Technology
Siemens Aims to Develop Afghanistan as Energy Hub
The company said it aims to develop a modern, sustainable and cost-effective power system, incorporating renewable energy.
Business , Markets
Saudi Aramco Plans Debt Market Comeback with Multitranche Bond Deal
Saudi Aramco said on Nov. 16 it had hired banks for a multitranche U.S. dollar-denominated bond issuance, as the world’s largest oil company seeks cash amid lower oil prices.
Crude Oil , Trade , International
Iran Says Exports Hit 700,000 Barrels Per Day of Oil, Later Denies
An Iranian official said on Nov. 11 that Tehran exported up to 700,000 bbl/d of oil since March, but was later quoted by an Iranian news agency casting doubt on the figure which had been kept secret.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Nov. 11, 2020
Here’s a snapshot of recent energy deals including the merger of Denver-Julesburg Basin producers Bonanza Creek Energy and HighPoint Resources in a $376 million deal.