Exclusives

The company plans to expand its use of carbon capture, use and storage technology to meet a sixfold increase in the utilization of CO2 for EOR over the next 10 years.

Noble Energy and partners are barreling toward first gas by year-end 2019 for the Leviathan development offshore Israel, having doled out more than 150 major contracts after the $3.75 billion project was sanctioned in 2017.

An integrated approach drills record ERD well in the Middle East.

Oman oil and gas reserves, Oman oil and gas consumption

A key project to meet the country’s growing domestic gas consumption, which was commissioned recently, is the Khazzan field in central Oman.

adipec_wrap

The oil and gas industry is going through radical changes towards building models for success as oil market sentiment improved.

Exploration

Oil and gas were encountered in the deeper part of the Megiddo-Jezreel #1 well, Zion CEO Victor G. Carrillo said.

Lebanon is on the Levant Basin in the eastern Mediterranean where a number of big gas discoveries have been made since 2009, including the Leviathan and Tamar fields located in Israeli waters near the disputed marine border with Lebanon.

At least one European company has shown interest in the undeveloped Gaza Marine Field but Shell's discussions over the field have ground to a halt due to worsening political tensions in the region.

Five companies qualified recently to take part in the bidding round alongside 21 others already selected, the ministry said in a statement.

Syrian offshore gas exploration will begin in early 2019, the country’s oil minister said, Syrian newspaper al-Watan reported on Dec. 13.

Production

Iraqi Kurdistan-focused Genel Energy Plc reported on Feb. 14 a 40% replacement of proved reserves at its Taq Taq field, once considered the company’s flagship field.

For a second month, a Reuters survey showed no sign of big OPEC producers boosting output significantly to cash in on rallying prices or to replace a decline in Venezuela.

Stena Forth drillship to commence a three well program in first-quarter 2019.

For the Iranian month of Dey, which runs from late December until late January, oil production for the West Karoun oil fields was 161,000 barrels per day (bbl/d) in 2017. The oil fields produced 305,000 bbl/d for the same time period this year, Zanganeh said.

Oil Minister Jabar al-Luaibisaid said Iraq hoped to more than double production from the northern Kirkuk oil fields with the help of BP, but will still comply with the OPEC output reduction deal.

Technology

Saipem has been awarded a new contract in the onshore E&C sector worth approximately $750 million, the company said on Feb. 15.

A consortium led by India’s Oil and Natural Gas Corp (ONGC) has become the first group to win a stake in Abu Dhabi National Oil Co.’s (ADNOC) 40-year offshore oil concession, a deal set to help the UAE expand its foothold in Asia.

McDermott International said Jan. 24 it was awarded a large contract, which it defines as between $50 million and $250 million, from Saudi Aramco.

Deal will contribute to the elimination of gas flaring in Iraq by 2021, says oil minister.

UTEC has been awarded geophysical survey contracts in Saudi Arabia in conjunction with it’s in Kingdom partner, Zamil Offshore, the company said January 2018.