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.

July 14, 2020

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.

July 13, 2020

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.

July 13, 2020

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.

July 8, 2020

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.

July 8, 2020

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.

July 2, 2020

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.

July 1, 2020

Completions

Schlumberger Introduces Symphony Live Downhole Reservoir Testing

The technology platform enables well-testing control to deliver real-time downhole measurements.

July 1, 2020

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.

June 26, 2020

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.

June 26, 2020