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.

May 3, 2021

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.

April 27, 2021

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.

April 26, 2021

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.

April 21, 2021

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.

April 20, 2021

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.

April 19, 2021

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.

April 15, 2021

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.

April 14, 2021

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.

April 9, 2021

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.

April 8, 2021