Aramco aims for 13mn bpd by 2027
Saudi Arabia will push ahead with plans to increase oil production capacity to 13 million barrels per day by 2027.
E&P
Halliburton contract outrages Lebanon
Lebanese politicians have raised concerns over offshore plans by Energean and Halliburton, in a disputed area.
Pakistani group wins Abu Dhabi block
A Pakistani group of companies has won Offshore Block 5, offshore Abu Dhabi, under its second bid round.
Delek’s Leviathan scales up production, exports
Delek Drilling has reported strong gas production results from the Leviathan field, off Israel, spurring it to bring forward the drilling of another production well.
Kurdistan terminates two Genel licences
Kurdistan has issued a notice to Genel Energy that it intends to terminate licences on Bina Bawi and Miran.
Proserv to provide control systems at Majnoon
Proserv Controls has won a “significant contract” to provide wellhead control panels (WHCPs) to the Basra Oil Co. (BOC), at Iraq’s Majnoon oilfield.
TotalEnergies exits Kurdistan with ShaMaran sale
ShaMaran Petroleum has struck a deal to buy an 18% stake in the Sarsang licence, in Kurdistan, from TotalEnergies.
Hunting clinches ‘sizeable’ order for oil recovery procedure that relies on microbes
Oilfield service firm Hunting said today it had clinched its first sizeable order for a pioneering technology that uses microbes to increase hydrocarbon production.
Stena to drill offshore Israel for Energean
Energean has signed up a rig from Stena Drilling to work on up to five wells offshore Israel.
Saipem wins $510mn sour gas work in UAE
Saipem has won a $510 million contract from Adnoc for work to expand the existing Shah gas plant.
Adnoc signs $744mn contract on Belbazem work
Adnoc has awarded a $744 million contract to the National Petroleum Construction Company (NPCC) for the full field development of the Belbazem offshore block.
Adnoc invests to cut drilling time
Adnoc has set out a further investment of $165 million to improve drilling performance, through the issue of four packages.
Energean FIDs Karish work, warns of delays
Energean has pushed back the expected start of operations at its Karish project, offshore Israel, owing to delays in Singapore, while also approving more Karish North work.
Kurdistan to cut payments to producers
Kurdistan has told producers that it is cutting payments for oil production, in light of continued pressure from COVID-19.
Mubadala eyes Delek’s Tamar stake for $1.1bn
Delek Drilling has signed a non-binding memorandum of understanding (MoU) with Abu Dhabi’s Mubadala Petroleum on the sale of a gas field offshore Israel.
Welltec signs long-term deal with Aramco
Saudi Aramco has signed a long-form contract with Welltec for completion products and services.
Penspen wins onshore Abu Dhabi well work
Penspen has won a four-year contract to procure and construct flowlines and wellheads for 51 wells for ADNOC Onshore.
TPAO spuds exploration well in Black Sea
Turkey’s TPAO has begun drilling the Amasra-1 well, on the North Sakarya field.
PDO signs $4bn contracts on Block 6
Petroleum Development Oman (PDO) has signed service contracts worth $4 billion, the company said.
PIF deal cuts risk for ADES of contract renegotiations
Saudi Arabia’s purchase of ADES International reduces the risk that the company’s contracts be cancelled or renegotiated, Fitch Ratings has said.
Gulf Keystone relaunches expansion programme
Gulf Keystone Petroleum has restarted its 55,000 barrel per day investment programme, with MOL, in Kurdistan.
Saudi Arabia wealth fund to buy ADES
Innovative Energy has made an all-cash $12.5 per share offer to take ADES International into Saudi Arabian hands.
Egypt, Israel eye expansion of EMGF
Egypt and Israel are working on plans to expand the East Mediterranean Gas Forum (EMGF) into energy security, electricity infrastructure and emissions controls.
Adnoc lifts destination restrictions, signs Chinese MoUs
Adnoc has signed up two more potential Murban Futures customers and lifted destination restrictions, in addition to providing more market information.
Petrofac integrates Kuwaiti control centre
Petrofac has completed the integration of Kuwait Oil Co.’s (KOC) new Crude Oil Control Centre.