Middle East
Trade , International
Iran Tanker Heads To Greece After Release
Iran warns the U.S against attempting to seize it again.
Liquefied Natural Gas (LNG) , Crude Oil
Houthi Drone Attack On Saudi Oilfield Causes Gas Fire, Output Unaffected
A drone attack launched by Yemen's Houthi group on an oilfield in eastern Saudi Arabia on Aug. 17 caused a fire at a gas plant but had no impact on oil production, state-run oil company Saudi Aramco said.
Crude Oil , Trade
OPEC Delivers Downbeat Oil Market Outlook For Rest Of 2019
The report by OPEC also said oil inventories in developed economies rose in June, suggesting a trend that could raise the group's concern over a possible oil glut.
International
US Loses Bid To Seize Iranian Tanker In Gibraltar
Last-minute application to seize oil vessel is rejected by territory’s supreme court.
International
Gibraltar Denies Iranian Report That Tanker Will Be Released Soon
The Iranian vessel was seized on July 4, with Iran accused of violating sanctions by shipping oil to Syria.
Natural Gas , Crude Oil
Lukoil's Hydrocarbon Output Rises 2.8%
Oil production, excluding the project, totaled 42.6 million tonnes for the half year, up 1.3% year-on-year.
Crude Oil
Oil Falls On Lower Demand Outlook, US-China Trade Dispute
Oil prices fell on Aug. 12 amid worries about an economic slowdown and the U.S.-China trade war, which have led to a cut in the outlook for global oil demand
Earnings , Acquisitions & Divestitures
Saudi Aramco To Buy Reliance Stake, Reports 12% Earnings Slide
Saudi Aramco reported a 12% fall in half-year net profit on Aug. 12, yet remained the world's most profitable company, while India's Reliance Industries said Aramco is looking to buy into its refining and petrochemicals business.
Infrastructure
Iraq Says Eni, BP Deal Doesn't Mean Exxon Excluded From Southern Mega-Project
Iraq's oil ministry said on Aug. 10 it was still in talks with Exxon Mobil Corp. over a major deal to improve the country's southern oil infrastructure.
ROVs
Mermaid Secures Subsea Contracts In Middle East, South East Asia
Mermaid Maritime Public Co. Ltd. said that its Middle East and South East Asian business units have recently been awarded subsea contracts with a combined total estimated potential contract value of $7.4 million on Aug. 9.