Persian Gulf

Crude Oil

Oil Prices Ease, Focus Shifts to Next OPEC+ Move

Brent crude futures snapped a three-day rally on Dec. 24 in light trading before the Christmas holidays, but the benchmark ended the week higher, with the market focusing on next steps by OPEC+ and the impact of the Omicron variant.

December 24, 2021


Baker Hughes Grabs LNG Turbomachinery Order from Qatar Petroleum

Baker Hughes announced an order with longtime partner Qatar Petroleum to supply multiple main refrigerant compressors (MRCs) for Qatar Petroleum’s North Field East (NFE) project, executed by Qatargas, on Sept. 29.

September 29, 2020

Subsea , Pipelines

Fugro Completes Phase 1 of Site Investigation Contract for Qatargas North Field

Fugro has completed the first phase of its multidisciplinary offshore site investigation for Qatargas’ North Field production sustainability’s compression phase on July 21.

July 21, 2020

International , Tankers

Shipping Industry Grapples With Threat In Strait Of Hormuz 

A third of the world’s seaborne oil—almost 17 MMBbl/d—passes through the strait, which narrows to just 21 miles and has long been a strategic chokepoint in the Persian Gulf.

July 21, 2019

Crude Oil , Trade , International

Iran Warns OPEC ‘Might Die’ Due To Russia-Saudi Domination

OPEC+ to extend cuts but Iran’s oil minister laments the growing influence of Russia and Saudi Arabia.

July 2, 2019

Crude Oil , Imports

China May Crude Oil Imports Drop From Record In April

Cut in imports from Iran is cited for reduction.

June 10, 2019

Shelf , Deepwater , Energy Transition , Subsea

Leading Offshore Into A Changing Future

OTC kicks off today in Houston and its chairman sees another 50 years of success for offshore energy.

May 6, 2019


Iraq Signs Deal With China’s CNOOC For Seismic Surveys Of Two Oil Blocks

Iraq has signed a contract with China’s CNOOC to conduct a seismic survey for two oil exploration blocks, the oil ministry said on Jan. 31.

January 31, 2019


Fairfield Geotechnologies Wins Persian Gulf Project

The nearly eight-month project in the Middle East is a significant 4-D opportunity for Fairfield Geotechnologies.

July 24, 2018


JDR Bags Safaniya Work From McDermott

Owned and operated by Saudi Aramco, Safaniya is the world’s largest offshore oil field located in the Persian Gulf.

May 15, 2018