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Polarcus extends support services agreement with Turkish Petroleum

Polarcus announce a two-year extension of the support services agreement with Turkish Petroleum covering seismic data acquisition management, maritime management and crewing support.

U.S. urges engagement, calm after Saudi Arabia cuts Iran ties

WASHINGTON, Jan 3 (Reuters) - The United States on Sunday responded to Saudi Arabia's decision to cut diplomatic ties with Iran by encouraging diplomatic engagement and calling for leaders throughout the region to take "affirmative steps" to reduce tensions.<

Oman sets plan to halve oil's role in economy

MUSCAT, Jan 3 (Reuters) - Oman's government has released a five-year plan to halve the economy's dependence on the oil industry as low crude prices pressure government finances.

Big oil to cut investment again in 2016

LONDON, Jan 3 (Reuters) - With crude prices at 11-year lows, the world's biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors.

UPDATE 1-Iran says boosting oil exports depends on future demand

DUBAI, Jan 3 (Reuters) - A rise in Iran's crude oil exports once sanctions against it are lifted depends on future global oil demand and should not further weaken oil prices, senior officials were quoted as saying.

UPDATE 1-Egypt arrears owed to oil firms rises to $3 billion at end-2015

CAIRO, Jan 3 (Reuters) - Egypt's outstanding arrears to foreign oil companies rose to $3 billion at the end of December 2015 from $2.7 billion at the end of October, Petroleum Minister Tarek El Molla told Reuters on Sunday.

Egypt arrears owed to oil firms rises to $3 billion at end-2015

CAIRO, Jan 3 (Reuters) - Egypt's outstanding arrears to foreign oil companies rose to $3 billion at the end of December 2015 from $2.7 billion at the end of October, Petroleum Minister Tarek El Molla told Reuters on Sunday.

Iran says boosting oil exports depends on future demand

DUBAI, Jan 3 (Reuters) - A rise in Iran's crude oil exports once sanctions against it are lifted depends on future global oil demand and that should not further weaken oil prices, a senior Iranian oil official was quoted as saying.

Iraq's Sadr calls for protests in Gulf, Iraq, after Nimr execution

BAGHDAD, Jan 2 (Reuters) - Prominent Iraqi Shi'ite cleric Moqtada al-Sadr called on Saturday for demonstrations in Gulf countries and in Iraq to protest the execution of Sheikh Nimr al-Nimr in Saudi Arabia.

Venezuela delays gas exports to Colombia, citing climate

BOGOTA, Jan 1 (Reuters) - Venezuela's state oil company, PDVSA, has delayed the export of natural gas to Colombia because of climate factors, the Colombian Mines and Energy Ministry said on Friday.

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