‘Rethink everything’ to crack Middle East energy markets
Viewed from a challenging UK environment, the Middle East - with its enormous natural resources and supportive regimes - can seem like a utopia. The reality is different.
Middle East
Oil & Gas Middle East
UK oil and gas firm looks to Middle East amid North Sea uncertainty
For many North Sea oil and gas supply chain firms, attending the annual ADIPEC conference in the Middle East has been a key part of efforts to expand internationally.
Abu Dhabi deals for North Sea firms TWMA and Osso
Aberdeen drilling waste management firm TWMA has extended a contract in United Arab Emirates (UAE) in a deal worth $70 million (£54.3m).
All Middle East Posts
‘Rethink everything’ to crack Middle East energy markets
Viewed from a challenging UK environment, the Middle East - with its enormous natural resources and supportive regimes - can seem like a utopia. The reality is different.
UK oil and gas firm looks to Middle East amid North Sea uncertainty
For many North Sea oil and gas supply chain firms, attending the annual ADIPEC conference in the Middle East has been a key part of efforts to expand internationally.
Abu Dhabi deals for North Sea firms TWMA and Osso
Aberdeen drilling waste management firm TWMA has extended a contract in United Arab Emirates (UAE) in a deal worth $70 million (£54.3m).
Aberdeen’s ICR secures £2.7m in Middle East contracts
Aberdeen-headquartered maintenance and integrity solutions firm ICR Group has secured $3.5 million (£2.67m) in Middle East contracts over the last four months.
Kuwait announces ‘huge’ oil and gas discovery in offshore field
Kuwait Oil Co. said it has discovered “huge commercial amounts” of light oil and associated gas in an offshore field, marking a “turning point” in its efforts to explore offshore hydrocarbons.
“Why would he do such a dreadful thing?”: Widow of slain oil rig worker says questions still remain about Qatar killing
The wife of an offshore oil rig worker killed by a colleague in Qatar says questions still remain about the case.
UAE oil giant buys into NextDecade LNG in first US deal
The United Arab Emirates’ main oil company bought a stake in NextDecade Corp.’s (NYSE:NEXT) natural gas export project in Texas, in a first US acquisition that also gives it a 20-year supply deal.
Shell, TotalEnergies in talks for stakes in Adnoc LNG plant
Adnoc is expected to make a final investment decision on the Ruwais LNG export project as soon as next month.
Oil prices unphased by Iran’s assault on Israel as Brent turns lower
Oil shrugged off Iran’s unprecedented attack on Israel, with prices easing on speculation that the conflict would remain contained.
Craig International scores QatarEnergy contract
Aberdeen-headquartered Craig International has received a contract from QatarEnergy LNG, formerly Qatargas.
Bapco scores sustainability marks to finance transformation
At a time when sustainability and financing are becoming increasingly intertwined, making the case to fund oil and gas companies can prove challenging.
Adnoc Gas to invest $13bn in growth opportunities over next five years
The Abu Dhabi National Oil Company (Adnoc) plans to invest $13 billion (£10.3bn) in "domestic and international growth opportunities" over the next five years through its gas and LNG arm, Adnoc Gas.
BP, Adnoc suspend $2bn Israel gas deal as war rages
BP and the United Arab Emirates’ state oil firm suspended a $2 billion bid to buy a major stake in Israel’s NewMed Energy as the war in Gaza upends politics across the region.
Adnoc aims to reach investment decision on new LNG plant by June
Abu Dhabi National Oil Co. is advancing plans for a new liquefied natural gas export project, making it the latest company looking to capture a share of the growing market later this decade.
Energean starts up Karish North, signs new gas deal
Energean has begun producing gas at Karish North, the company said, while also celebrating the signing of an additional gas sale and purchase agreement.
Qatar extends North Field, targets even more LNG production
QatarEnergy (QE) will target 142 million tonnes per year of LNG production before 2030, up from its previous goal of 126mn tpy by 2027.
Chevron invests in Israeli gas boost
Chevron has taken the final investment decision (FID) on the second phase of the Tamar field, offshore Isreal.
SFO charges former Petrofac execs with UAE bribery
Chedid and Salibi are due to appear in Westminster Magistrates’ Court on February 19, 2024 to hear the charges.
Taqa doubles earnings but ageing UK assets drive production slide
Emirati energy and utilities giant Taqa reported bumper profits for 2023 from its new stake in Adnoc Gas, but decline from North Sea assets prompted a 7% slide in production.
Aramco’s capacity halt is due to energy shift, minister says
The move raised questions about Saudi Arabia’s view on future demand as the world shifts toward low-carbon energy, and was also seen as a concession there’s adequate oil supply from competitors including US shale producers.
Saudi plans eVTOL flights to ‘The Rig’ theme park
Tourists will be travelling in style to a giant oil rig theme park planned off the coast of Saudi Arabia.
Tethys launches strategic review
“The sentiment for oil and gas stocks is on the very low side, at least in European markets,” Nordin continued. “There is a clear misalignment in valuations”, he continued, when contrasting market cap with how Tethys is valued within the industry.
Global set for new start under the “Dan and Cecilia” team
“The access to capital is no problem for anybody that understands how to present the asset. And that's what we do. We know how to present the opportunities in the right language.”
Saudi Arabia eyes reviving multibillion dollar Aramco share sale
Saudi Arabia is considering plans to revive a follow-on offering in Aramco as soon as February, in a multibillion-dollar deal that’s likely to rank among the biggest share sales in recent years, according to people familiar with the matter.
McDermott wins big with Qatari offshore work
“By awarding these contracts, we are taking an important step towards realising the full potential of Al-Shaheen field, which produces around half of Qatar’s crude oil today,” said Minister of State for Energy Affairs, and CEO of QE, Saad Sherida Al-Kaabi.