The four largest service companies all reported lower revenues for the Middle East/Asia region. However key development projects in the region continued apace. Eni pushed ahead with development plans for Zohr in Egypt the Faihaa oil field came onstream in federal Iraq and in the UAE Occidental's Shah sour gas development fully ramped up production. Qatar awarded the first Bul Hanine redevelopment contract and Kuwait's long awaited Al Zour refinery contracts were signed. In other events Libyan production increased as Zueitina reopened Israel got closer to signing off the Leviathan gas agreement and Oman made its first award from its 2014 bid round. We also look ahead to Iran unveiling its new fiscal terms at the end of November.