Offshore Middle East News - page 6

Energean Trims Annual Production forecast after HY Profit Slumps

Sep 07, 2023

Mediterranean-focused oil and gas producer Energean reported a 41.2% slump in first-half profit, dented by higher tax expense, and also trimmed its full-year production forecast to 125,000-130,000 barrels of oil equivalent per day (boed).Energean…

Lebanon Grants License to Conduct Seismic Studies in Offshore Block 8

Aug 24, 2023

Lebanon on Thursday granted a license to conduct seismic studies on its offshore Block 8 to the companies Bright Skies and GeoX, caretaker energy minister Walid Fayad said.Lebanon hopes gas and oil discoveries will help it to reverse a crippling…

Seatrium Delivers New Jackup Rig to ADNOC Drilling

Aug 22, 2023

Singaporean shipbuilder Seatrium New Energy, formerly Keppel FELS, on Tuesday announced it has delivered a new jackup rig to the UAE's ADNOC Drilling.The rig, named AlSila, is among five that Seatrium had been building for Borr Drilling. In 2022…

Abu Dhabi's ADNOC Gas Signs 5-yr LNG Supply Deal with Japex

Aug 17, 2023

Abu Dhabi's ADNOC Gas said on Thursday it had signed a five-year deal to supply liquefied natural gas (LNG) to Japan Petroleum Exploration Co (Japex). The deal is valued at between $450 million to $550 million, ADNOC Gas said, without providing LNG volumes or timing for the shipments start…

Offshore Drilling Rig Arrives in Lebanon’s Block 9 to Start Exploration

Aug 16, 2023

A drilling rig [the Transocean Barents] arrived in Lebanon’s Block 9 on Wednesday to begin oil and gas exploration, public works and transport minister Ali Hamie said in a post on social media platform X, formerly known as Twitter.The start…

Iran Says Oil Exports Surpass 1.4 Million BPD Target

Aug 14, 2023

Iran's oil exports have surpassed the government's 1.4 million barrels per day target, the head of Iran's Plan and Budget Organisation said on Sunday, according to the semi-official Tasnim news agency. 'Based on Iran's current budget, the government aims at exporting 1…

First Crew Boat for Nakilat Svitzer Wijsmuller Launched

Aug 08, 2023

Al Yamama, the first of three new Incat Crowther 33 crew boats designed for Nakilat Svitzer Wijsmuller (NSW), has been officially launched in Singapore by shipbuilder Lita Ocean.NSW Al Yamama, with its homeport of Doha, will serve as wellhead maintenance vessels for QatarEnergy in the Middle East…

Aramco Supplies Remain Adequate Despite Oil Output Cuts - CEO

Aug 07, 2023

Saudi Aramco's CEO Amin Nasser said on Monday that the company's supplies to customers remain adequate even with recent voluntary oil production cuts by the kingdom, adding that global demand remained resilient despite economic headwinds.Saudi…

Iran Invites Kuwait's Foreign Minister to Tehran amid Offshore Gas Field Tensions

Aug 04, 2023

Iran's foreign minister has invited his Kuwaiti counterpart to Tehran, Kuwait said on Thursday, as tensions simmer over the offshore Durra gas field.Saudi Arabia and Kuwait claim exclusive joint rights to the field while Iran also claims a stake and says a Saudi-Kuwaiti agreement to develop it…

India's GAIL Close to Finalizing Qatar LNG Purchase Deal

Aug 03, 2023

GAIL (India) Ltd is close to finalizing a long-term liquefied natural gas (LNG) import deal with Qatar to buy at least 1 million metric tons per year, potentially for more than 20 years, three industry and trade sources said.The deal would be…

Saudi Arabia and Kuwait Assert Joint Ownership of Offshore Gas Field. Urge Iran to Engage in Talks

Aug 03, 2023

Saudi Arabia and Kuwait reaffirmed that they jointly own rights to natural resources in the Gulf's Durra gas field, Saudi state news agency SPA reported early on Thursday, citing a statement from the Saudi foreign ministry.The foreign ministry…

Borr Drilling's Backlog Increased by 421 Days with New Jack-up Rig Deals

Aug 01, 2023

Jack-up drilling rig contractor Borr Drilling said Monday it had secured two letters of award ('LOA') for its premium jack-up drilling rigs 'Gerd' and 'Thor.'These awards increase the company's firm backlog by approximately 421 days, excluding optional periods…

Iran Says Will Pursue Rights over Durra Offshore Gas Field

Jul 31, 2023

Iran will pursue its rights over the Durra/Arash field if other parties shun cooperation, the country's Oil Minister Javad Owji said on Sunday, according to the Oil Ministry's SHANA news agency. 'If there is no willingness to cooperate, Iran will pursue its rights and benefits…

Kuwait to Drill Durra Field before Iran Border Demarcation

Jul 27, 2023

Kuwait oil minister Saad Al Barrak told SkyNews Arabia on Thursday that his country will start drilling and begin production at the Durra gas field without waiting for border demarcation with Iran. Al Barrak has previously said that Kuwait and…

UN Starts Removing Oil from Decaying FSO in Red Sea

Jul 25, 2023

The United Nations said on Tuesday it had started the removal of more than 1 million barrels of oil from a decaying supertanker off Yemen's Red Sea coast in a complex operation it hopes will ward off a regional disaster.U.N. officials have been…

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