A guide to Middle East markets in 2018

For as long as Gulf economies rely on oil, crude will be a factor in determining how investors trade regional markets. But right now, politics is king.   In the past 12 months, tension between Saudi Arabia and Iran have escalated, ties between Qatar and…

Read more

OIL reports two Upper Assam basin strikes

State-owned Oil India Ltd has reported two discoveries in India’s Upper Assam basin, one of them the first commercial oil find in the Eocene Narpuh formation.   OIL 2 Hukanguri produced 55 cu m/day of oil from 18 m of Narpuh sand and is under…

Read more

Gazprom in frame for Iran-Oman gas line

Gazprom could participate in the construction of the offshore/onshore gas export pipeline between Iran-Oman, according to Iranian news service Shana.   In an article in Gazprom’s house magazine, Iranian Deputy Petroleum Minister and Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said…

Read more

Siemens Gamesa Signs Contracts Covering 23 Turbines

Siemens Gamesa Renewable Energy (SGRE) has received orders for two new onshore wind projects in southern Italy: the company is set to deliver 13 SWT-3.0-113 direct-drive units to European Energy’s 39 MW project in Tolve and 10 G97-2.0 MW turbines to a further 20 MW…

Read more