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OPEC, non-OPEC committee recommends extending cut OPEC and rival oil producers are meeting in Kuwait to review progress with their global pact to cut supplies.

OPEC, non-OPEC committee recommends extending cut

OPEC and rival oil producers are meeting in Kuwait to review progress with their global pact to cut supplies

 •   Market to determine OPEC cut extension: Al-Luaibi
 •   Oil advances on talk of extension to OPEC cuts
 •   OPEC output cut compliance at 140% in February


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Lebanon to lure oil & gas investments in May event

Lebanon to lure oil & gas investments in May event

The challenges and the road ahead for companies investing in Lebanon's oil and gas industry will also be deliberated upon during the 3rd edition of the Lebanon International Oil & Gas (LIOG) Summit on the 9th and 10th of May in Beirut
 
Nakilat, Shell LNG tanker damaged off UAE

Nakilat, Shell LNG tanker damaged off UAE

Sitting empty off the UAE port of Fujairah, a busy anchorage point on the Gulf of Oman, the tanker was struck by the Jag Laadki operated by India's Great Eastern Shipping Company
 
Total in talks to buy Iranian LNG project: Sources

Total in talks to buy Iranian LNG project: Sources

Total was in the running for a stake in Iran's LNG, alongside several other oil majors, but any deal was still some way off, Reuters’ sources confirmed
 
Algeria, Exxon discuss joint offshore oil drilling

Algeria, Exxon discuss joint offshore oil drilling

With lower oil prices forcing the company to focus on developing mature wells in the Sahara Desert, offshore rigs could open up new growth opportunities
 

 

Lebanon to begin offshore gas licensing round

Lebanon to begin offshore gas licensing round

After Israel expressed concern over three of the five maritime blocks 8, 9 and 10 due to their proximity to its maritime borders, Lebanon's Army asked UNIFIL to demarcate the two countries' maritime borders as they did with the Blue Line.
 
Qatari al-Shaheen crude loading delays: Sources

Qatari al-Shaheen crude loading delays: Sources

QP announced that Total will soon take over operations of Al-Shaheen, whose supplies have become erratic since late last year with exports falling in September-October and January due to maintenance work
 
PetroSaudi, PDVSA arbitration decision in Q4

PetroSaudi, PDVSA arbitration decision in Q4

PetroSaudi International, the parent company of PetroSaudi Oil Services Ltd, did not immediately respond to a request for comment, according to Reuters
 
Iran to sue Total if information leak confirmed

Iran to sue Total if information leak confirmed

The French oil major has allegedly passed on vital information to Qatar about Iran's South Pars gas field, an enormous offshore natural gas reserve, which the two countries share
 
Dana Gas reports net profit of $33mn for 2016

Dana Gas reports net profit of $33mn for 2016

The company continued to remain profitable in 2016 despite taking a charge on the currency devaluation in Egypt and a lower share of production
 
Egypt pays Eni for the

Egypt pays Eni for the "Zohr" development deal

Egypt's foreign reserves rose to $26.363bn at the end of January, but were still about $10bn less than the reserves before an uprising in 2011 ushered in a period of political turmoil
 
Iran, Oman devise new pipeline route to avoid UAE

Iran, Oman devise new pipeline route to avoid UAE

The planned pipeline project, which requires an estimated investment of $1.2bn, would connect Iran's vast gas reserves with Omani consumers as well as with liquefied natural gas (LNG) plants in Oman that could re-export the gas
 
Lebanese contested waters to open for bids

Lebanese contested waters to open for bids

Lebanon has insisted that it will not cede the 870 square kilometres to Israel or share it with anyone, but said it is ready to allow the United Nations to demarcate the disputed zone to determine the legal owner, a suggestion rejected by Israel
 
Total returns to Iran with gas field megaproject

Total returns to Iran with gas field megaproject

A senior official at Iran's oil ministry said that Total has officially started the development of South Pars Phase 11 in the Persian Gulf, effectively resuming operations in an Iranian energy project after a seven-year hiatus.
 
Aramco examines Berri oilfield oil, gas expansion

Aramco examines Berri oilfield oil, gas expansion

Aramco would over time add 250,000 barrels per day of crude oil from Berri
 
Lebanon to place oil revenues in sovereign fund

Lebanon to place oil revenues in sovereign fund

Seismic studies, which began in 2013, indicate that Lebanon possesses several trillion cubic feet of oil and gas within its territorial waters
 




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