Aberdeenshire’s Stats Group opens up in Saudi Arabia
Stats Group has invested six figures in a new base in Saudi Arabia, marking a strategic milestone in the company's global growth.
Offshore
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.
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.
Time to light up Adnoc’s offshore operations
The project “highlights our commitment to providing our customers with innovative solutions for reliable and low carbon energy”, Buffon said.
International waterway woes pile up price pressures
“Longer supply lines tie up more vessels, boost freight rates, widen origin-destination spreads, and lift bunker demand,” Bank of America Global Research analysts said.
Israeli security woes slow Karish North oil expansion
However, insecurity in Israel has delayed these plans. Energean said it would install the train once the security situation improves.
Eni pursues East Med gas trends into Israel
"The winning companies have committed to unprecedented investment in natural gas exploration over the next three years, which would hopefully result in the discovery of new natural gas reservoirs.”
ADNOC awards £14 billion of contracts for largest ever gas project
ADNOC has announced a final investment decision (FID) on the Hail and Ghasha development, its largest ever gas development.
ROVOP scores long-term Energean award
Gilmartin said the contract was a “real milestone” that “reflects our strategic approach to breaking into the field support ROV market”.
Adnoc awards $975mn artificial island contract
The Lower Zakum long-term development plan aims to increase production to a peak of 500,000 barrels per day. Adnoc expects to achieve this in around five years.
Saipem wins FEED, EPCI work on Sakarya pipe
Saipem’s Castorone vessel will carry out the offshore operations, starting in the summer of 2024. The company previously worked on the first phase of the Sakarya field, which began producing in April.
Energean picks low-cost Olympus option, over Tanin
Olympus will come at a lower cost than Tanin, Energean said, owing to its proximity to the FPSO. As a result, capital expenditure for the next phase of tie-backs will be lower.
Boskalis signs on to tackle FSO Safer disaster
The work should take about two months, it said. Once the FSO Safer is clean and empty, it will be towed to a green shipping yard.
International offshore oil calls once more
Nigeria’s emissions are 16 kg of CO2 per barrel and Angola’s 17 kg, while on the shelf they rise to an average of 33 kg.
BP, Adnoc make take private offer for NewMed
BP said the offer was in line with its "stated strategy and financial frame including current guidance for capital expenditure".
NewMed invests in plan for Israeli LNG exports
The Israeli company has also talked about building a third gathering line at Leviathan, with a final investment decision (FID) due early this year.
Chevron dishes out pipe work for Tamar growth
Pipeline installation work at Chevron’s Tamar gas field will get under way in 2024.
The East Med’s export problem
“It’s a matter of cost,” DNV’s Mediterranean manager Andrea Spessa said. “This pipeline is the best solution to transport energy from one country to another in this range.”
Qatar takes stake offshore Lebanon with Total, Eni
“Along with our partners, we are committed to drilling as soon as possible in 2023 an exploration well in Block 9, and our teams are mobilised to conduct these operations.”
Adnoc hands out early offshore Hail and Ghasha work
Adnoc has awarded a pre-construction award for offshore facilities on the Hail and Ghasha project to a group including National Petroleum Construction Co. (NPCC).
Energean sees Israel tripling company production in 2023
Total production for 2022 reached 41,000 barrels of oil equivalent per day, of which 75% was gas. For 2023, Energean forecasts this will increase to 131,000-158,000 boepd. Virtually all of the increase will come from Israel.
Samsung Engineering venture wins early Hail, Ghasha work
Adnoc has awarded Samsung Engineering a letter of award for pre-construction services on the Hail and Ghasha project.
Amid LNG scramble, East Med’s opportunity for Europe
With Qatar at the centre of a “sellers’ market” for LNG, what can the East Mediterranean offer European governments to ease the pressure?
TPAO adds more gas with Black Sea’s Caycuma find
Turkey’s TPAO has added another 58 billion cubic metres of gas to its holdings with a discovery at the Caycuma-1 well.
AD Ports teams up with Kazakh unit for Caspian work
AD Ports Group has agreed to launch a joint venture with Kazakhstan’s national oil company to provide shipping services in the Caspian Sea.