Middle East

Putin Says Islamic State Oil Going through Turkey

Russian President Vladimir Putin said on Monday that Russia had received more information showing that Islamic State oil was going via Turkey and that Turkey's

OPEC November Oil Output Rises

OPEC oil output has risen in November from the previous month, a Reuters survey found on Monday, led by a rebound in Iraqi exports after bad weather had temporarily

Oil Rises Despite OPEC Expectations

Brent, WTI set for 7-9 pct fall in November. Oil prices rose on Monday as investors took positions ahead of an OPEC meeting this week despite expectations that

More Russian Drilling Carries Battle to OPEC

Russian drilling rose 10 pct in H1 yr/yr-Eurasia; Middle East increases drilling too, U.S. rigs fall. Russian oil firms are drilling more, showing the world's

Dan-Bunkering Appoints Bara as Bunker Trader

  Dan-Bunkering (Middle East) DMCC is pleased to announce that Lamin Bara has joined the office in Dubai as Bunker Trader as per 1 November 2015. Lamin was

Wood Group Bags $90 mln Iraqi Contract

  Wood Group has won a new contract worth approximately $90  million to deliver services to one of the world’s leading blue-chip  international oil companies (IOC) in Iraq.

Maximizing the Middle East's Aging O&G Structures

As oil and gas facilities in the Middle East are aging and approaching their anticipated design life, operators are asking whether the end is really near, and whether a new lease on life is possible.

Two New Crewboats for ISS

Maritime and logistics service provider Inchcape Shipping Services (ISS) has expanded its launch fleet with two more fast crewboats, bringing its total fleet size to 18 vessels.

Abu Dhabi's TAQA to Shed U.S. Wind Asset

Abu Dhabi National Energy Co , or TAQA, has filed with U.S. energy regulators to sell its stake in the Lakefield wind power plant in the U.S. state of Minnesota to a Qatari company.

Oil Falls as Glut, Dollar Weigh

Dollar at 8 month high against currencies basket; U.S. crude stocks rise 2.6 mln barrels in week ended Nov 20. Crude oil futures fell back towards $45 per barrel

Grandweld Delivers Vessel to ADNOC

United Arab Emirates leading shipyard Grandweld has delivered a dive maintenance and support vessel TAWAM1 to Abu Dhabi National Oil Company (ADNOC).   Grandweld

Damen ASD Tug for Sharjah Ports

Sharjah Ports Authority, has taken delivery of a Damen ASD Tug 2411, named Al Luolo’ Aya. His Excellency Sheikh Khaled bin Abdullah bin Sultan Al Qasimi, Chairman

Iran Seeks More Cooperation with Russia in Energy Sector

Iran's president Hassan Rouhani said after talks in Tehran with his Russian counterpart Vladimir Putin on Monday that Tehran was seeking greater cooperation with Moscow in the energy,

Putin Says Eyes Trade Boost with Iran

Russian President Vladimir Putin said on Monday he wants to boost trade ties with Iran after meeting with leaders of the Islamic Republic in Tehran.   Putin,

Magleby Maersk Calls at Jebel Ali

Press release - Global marine terminals operator DP World’s flagship Jebel Ali Port has received the world’s largest container vessel, the Magleby Maersk, which is on its maiden visit to the region.

Halul Brings OSV Ship Handling Simulator to Qatar

Halul Offshore Services Company, a wholly-owned subsidiary of Milaha, has recently procured an offshore support vessel (OSV) ship handling simulator, which is reportedly

Oil Markets Unmoved as Air Strikes Ramp Up

Since the first oil shock of 1973, instability in the Middle East has frequently been associated with higher oil prices. In an industry desperate for positive movement in crude price,

Iran Wants Bigger Role in Global Gas

Iran wants to play bigger role in supplying gas to the global market and welcomes international partnerships to develop its supplies, the Iranian president said

Hedge Funds Turn Bearish on U.S. Crude

Hedge funds and other money managers had amassed short positions in U.S. crude oil amounting to 154 million barrels by last Tuesday according to data from the U.

Oil Rises as Saudis Work with non-OPEC

Saudi cabinet issues statement reiterating policy. Oil prices turned around to rally on Monday after the Saudi Arabian cabinet said in a statement the kingdom

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