Pipeline Magazine - Regional NewsRegional News-RSS FeedSun, 22 Mar 2020 23:00:02 GMTOil plunge slows on hopes of U.S. intervention https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/oil-plunge-slows-on-hopes-of-us-intervention/Brent crude tumbled to its lowest weekly close in four years as global demand shrinks from Covid-19 virus outbreak, but U.S. may intervene in the Saudi-Russia price war...2020-03-22https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/oil-plunge-slows-on-hopes-of-us-intervention/ DNO to slow drilling at Kurdistan's Tawke https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/dno-to-slow-drilling-at-tawke/DNO has stated that development drilling at the Tawke field in the Kurdistan Region of Iraq has been scaled back due to the current market conditions.2020-03-19https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/dno-to-slow-drilling-at-tawke/Tristar Group signs transport deal with Linde in Saudi Arabia https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/tristar-group-signs-transport-deal-with-linde-in-saudi-arabia/Tristar Group has announced that its joint venture United Stars in the Saudi Arabia has signed a five-year contract with Linde-Sigas, a majority owned subsidiary of Linde in the Kingdom.2020-03-19https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/tristar-group-signs-transport-deal-with-linde-in-saudi-arabia/TAQA posts stable operational performance in 2019https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/taqa-posts-stable-operational-performance-in-2019/TAQA achieved stable operational performance for the 12-month period ended December 31, 2019 with increased production levels across its businesses: power, water, oil and gas.2020-03-19https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/taqa-posts-stable-operational-performance-in-2019/IEA and OPEC discuss global oil marketshttps://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/iea-and-opec-discuss-global-oil-markets/The IEA Executive Director and OPEC Secretary General discussed the current situation in global oil markets and emphasised the importance of finding ways to minimise the impact of coronavirus (COVID-19).2020-03-17https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/iea-and-opec-discuss-global-oil-markets/Saudi Aramco sees 2019 profit fallhttps://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/saudi-aramco-sees-net-profit-fall/Saudi Aramco announced its full year 2019 results that saw its net profit drop by 21 per cent and see the oil giant cut its 2020 spending to $25-$30 billion, compared to $32.8 billion in 2019.2020-03-15https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/saudi-aramco-sees-net-profit-fall/OMV buys majority stake in Borealis for US$4.68 billion https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/omv-buys-majority-stake-in-borealis-for-us-468-billion/Austria's OMV and Abu Dhabi-based Mubadala Investment Company, signed an agreement that will give OMV a controlling stake in Borealis for US$4.68 billion.2020-03-12https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/omv-buys-majority-stake-in-borealis-for-us-468-billion/SDX Energy has more success in Egypthttps://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/sdx-energy-has-more-success-in-egypt/SDX Energy has announced the result of its Rabul-3 well in the West Gharib Concession in Egypt that hit heavy oil.2020-03-12https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/sdx-energy-has-more-success-in-egypt/ADNOC to increase supply to over 4 mln bpd in April 2020https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/adnoc-to-increase-supply-to-over-4-mln-bpd-in-april-2020/ADNOC Group CEO, H.E. Dr. Sultan Ahmed Al Jaber announced that it will be increasing production from three million bpd to four million bpd from April.2020-03-11https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/adnoc-to-increase-supply-to-over-4-mln-bpd-in-april-2020/Saudi Arabia to increase oil production to 13 mln bpdhttps://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/saudi-arabia-to-increase-production-to-13-mln-bpd/Saudi Arabia's energy ministry has requested Saudi Aramco to increase its production from 12 million to 13 million bpd the company said in a statement to the Saudi stock exchange.2020-03-11https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/saudi-arabia-to-increase-production-to-13-mln-bpd/DP World reduces business set-up costs in Jebel Ali Free Zone https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/dp-world-reduces-business-set-up-costs-in-jebel-ali-free-zone/DP World, UAE Region has announced across-the-board reductions in licence registration and administration costs for companies operating in its flagship Jebel Ali Free Zone (Jafza) as well as for new investors.2020-03-10https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/dp-world-reduces-business-set-up-costs-in-jebel-ali-free-zone/Shelf Drilling gets jack-up rig extension in Egypt https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/shelf-drilling-gets-jack-up-rig-extension-in-egypt/Shelf Drilling gets jack-up rig extension in Egypt2020-03-09https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/shelf-drilling-gets-jack-up-rig-extension-in-egypt/Siemens completes its first solar project in Pakistan https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/siemens-completes-its-first-solar-project-in-pakistan/Siemens has completed the supply of equipment and services for a major substation that will help in supplying low-cost electricity to Karachi, Pakistan.2020-03-09https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/siemens-completes-its-first-solar-project-in-pakistan/Special OPEC meeting ends with no new deal as oil price plungeshttps://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/special-opec-meeting-ends-with-no-new-deal/The special OPEC and OPEC+ meeting in Vienna ended with no deal between OPEC and Russia who disagreed on introducing on deeper cuts beyond the end of March that saw oil prices fall by 10 per cent on Friday and on Monday morning by a dramatic 30 per cent.2020-03-08https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/special-opec-meeting-ends-with-no-new-deal/Pharos Energy evaluating Shell’s upstream assets in Egypthttps://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/pharos-energy-evaluating-shell-s-upstream-assets-in-egypt/Pharos Energy has confirmed that it is looking at the purchase of Shell's upstream portfolio in the Western Desert in Egypt as part of a consortium and is in the preliminary stages of its evaluation.2020-03-08https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/pharos-energy-evaluating-shell-s-upstream-assets-in-egypt/OMV negotiating with Mubadala to increase stake in Borealis https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/omv-negotiating-with-mubadala-to-increase-stake-in-borealis/Austria's OMV has announced that is currently negotiating with Abu Dhabi's Mubadala to buy an additional 39 per cent share in Austria's Borealis for a purchase price of US$4.68 billion.2020-03-08https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/omv-negotiating-with-mubadala-to-increase-stake-in-borealis/SDX Energy finds new gas onshore Morocco https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/sdx-energy-finds-new-gas-in-morocco/SDX Energy, the Middle East focused oil and gas developer, said it has found commercial quantities from its new Morocco well...2020-03-04https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/sdx-energy-finds-new-gas-in-morocco/Maersk Drilling wins offshore Egypt well contracthttps://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/maersk-drilling-wins-offshore-egypt-well-contract/Maersk Drilling has been awarded a one-well contract, valued at around US$3.8 million for the semi-submersible rig Maersk Discoverer offshore Egypt...2020-03-04https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/maersk-drilling-wins-offshore-egypt-well-contract/Eni completes Algeria gas pipeline to boost exports https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/eni-completes-algeria-gas-pipeline-to-boost-exports/Eni has completed construction of the gas pipeline connecting Algeria's Bir Rebaa Nord and Menzel Ledjmet Est fields...2020-03-03https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/eni-completes-algeria-gas-pipeline-to-boost-exports/OPEC Feb output slumps on Libya, excessive cuts – surveyhttps://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/opec-feb-output-slumps-on-libya-excessive-cuts-survey/OPEC oil output dropped in February, slumping to its lowest in over a decade after supplies from Libya nearly halted due to a blockade of ports and oilfields, according to a Reuters survey...2020-03-03https://www.pipelineoilandgasnews.com/regionalinternational-news/regional-news/2020/march/opec-feb-output-slumps-on-libya-excessive-cuts-survey/