Middle East
Drilling , Completions
Weatherford Inks Well Completion Contract with Iraqi Drilling Company
Weatherford International Plc has signed an 18-month contract with the Iraqi Drilling Co. (IDC) on July 13 to provide services and project management for the drilling and completion of twenty wells in the Al-Nasiriyah field in the Dhi Qar province in southern Iraq.
Crude Oil , Trade , International , Tankers
Libya’s NOC Accuses UAE of Being Behind Oil Blockade
On July 12, the U.S. Libya embassy said the resumption of the blockade came after "days of intense diplomatic activity" to let NOC resume output, and said it "regrets that foreign-backed efforts" had impeded this.
Exploration & Production , International
Iran to Develop Oil Industry Despite US Sanctions
Iran is determined to develop its oil industry in spite of U.S. sanctions imposed on the country, Iranian Oil Minister Bijan Zanganeh said in a televised speech on July 11.
Acquisitions & Divestitures , Trends
Energy A&D Transactions from the Week of July 8, 2020
Here’s a snapshot of recent energy deals including the acquisition of Dominion's natural gas transmission and storage segment by Warren Buffett’s Berkshire Hathaway in a transaction worth nearly $10 billion.
Highlights
E&P: July 2020 International Drilling Activity Highlights
Check out the latest oil and gas drilling activity highlights from around the world featured in the July issue of E&P including two significant oil discoveries offshore Mexico and Chesapeake Energy Marcellus Shale completions in Pennsylvania’s Susquehanna County.
Exploration & Production , Technology
E&P World View: US Service Firms Eye Middle East Markets amid Bleak Shale Outlook
Major oilfield service companies agree that the Middle Eastern region will be less severely impacted by the downturn compared to other regions.
Acquisitions & Divestitures , Trends
Energy A&D Transactions from the Week of July 1, 2020
Here’s a snapshot of recent energy deals including a $5 billion divestiture by BP as the London-based major shifts its focus to low-carbon energy.
Completions
Schlumberger Introduces Symphony Live Downhole Reservoir Testing
The technology platform enables well-testing control to deliver real-time downhole measurements.
Crude Oil
China’s Saudi Oil Imports Surge in May to All-time High
In May, Chinese refineries received their first crude cargo from the U.S. since November, of around 550,000 tonnes, the customs data released late on June 25 showed.
Exploration & Production , Markets
E&P World View: Middle East Economies Choked by Low Prices
While some oil producers in the Gulf region have taken a massive hit, others are scaling back projects in an effort to survive.