‘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.
All Middle East Posts
Saipem wins largest ever offshore award in North Field
Saipem has won a $4.5 billion contract from Qatargas for two offshore gas compression complexes.
Al Mazrouei defends OPEC cut as technical, calls for investments
The United Arab Emirates energy minister has defended OPEC+’s decision to cut production as a purely technical move, denying talk of discord and politics.
Al Seer launches shipbuilding venture with Damen, DTec
Abu Dhabi’s Al Seer Marine has struck a joint venture deal with Damen Shipyards and financier DTec Industries.
Saudi defends OPEC cut as business, not politics
Saudi Arabia has defended the OPEC+ decision to cut production, saying a US request to push back the move would have had a negative economic impact.
ADNOC Drilling lands $1 billion contract in UAE
ADNOC has handed its subsidiary ADNOC Drilling (ADX: ADNOCDRIlL) a $980m contract for the hire of two rigs in the UAE.
Arabian Drilling draws $43 billion in orders for Riyadh IPO
Arabian Drilling Co., a Saudi oilfield-services firm partly held by Schlumberger NV, drew $43 billion in orders for its initial public offering, underscoring the strong investor appetite for Middle Eastern share sales.
Israel, Lebanon reach tentative deal in plus for gas plans
Israel and Lebanon have reached a draft agreement, settling the maritime dispute that had threatened energy developments.
Shelf signs up five-year deal in Arabian Gulf
Shelf Drilling has signed a five-year contract for its recently acquired Shelf Drilling Victory in the Arabian Gulf.
Iran oil workers join protests over death of 22-year-old woman as UK sanctions morality police
Fresh violence erupted in a Kurdish city in western Iran and reports emerged of oil workers joining nationwide protests that have spread since the death of a 22-year-old woman last month in the custody of the nation’s so-called “morality police.”
Energean begins Karish test as border talks reach peak
Israel has approved “certain testing procedures” for Energean, allowing the company to begin tests as its Karish gas field.
Adnoc Offshore hands out another $1.53bn drilling deal
Adnoc Offshore has awarded a $1.53 billion contract to the company’s Adnoc Drilling unit.
Hermes messenger for more at Energean drilling
Energean’s Hermes exploration well has found 7-15 billion cubic metres of gas, encouraging the company on its other prospects and adding another well slot.
Europe set to repeat gas mistakes of the past
Europe has a history of energy policy failures that it is showing few signs of correcting, according to Israeli energy expert Gina Cohen.
Shell, Aramco heads warn of gas, oil supply squeeze
The lack of fungibility of the gas market is set to pose a major challenge for Europe in the near term, the heads of Saudi Aramco and Shell agreed today.
Genel sticks with Weir for CEO spot
Genel Energy has confirmed interim CEO Paul Weir to take over the role for good, with immediate effect.
Capricorn announces merger with NewMed Energy, ditching Tullow
Capricorn Energy (LON: CNE) has ditched a tie-up with Tullow Oil (LON: TLW), instead unveiling a merger with NewMed Energy (TLV: NWMD).
Saudi oil driller’s IPO covered within hours in bearish market
Arabian Drilling Co., a Saudi Arabian oilfield-services company partly owned by Schlumberger NV, took only hours to garner enough investor orders to fully cover an initial public offering that could raise as much as 2.67 billion riyals ($710 million).
Greenpeace names and shames oil companies for FSO Safer involvement
Greenpeace International has named ExxonMobil, OMV and TotalEnergies as companies involved in storing crude on the FSO Safer, the ailing ship offshore Yemen.
OQ emissions rise, but with aims for change at Block 60
Oman’s OQ has set out a number of stratagems for the energy transition, but for 2021 emissions increased.
Adnoc Drilling adds two more jack-ups
Adnoc Drilling has signed a sale and purchase agreement to buy two more premium jack-up rigs, for $140 million.
Petrofac lands services deal with ADNOC at Haliba oilfield
Petrofac (LON: PFC) has been awarded a two-year field maintenance services contract extension with ADNOC.
In Scholz’s UAE lighthouse talks, RWE scores a first LNG cargo
German Chancellor Olaf Scholz has signed agreements on securing new energy supplies during a visit to United Arab Emirates President Sheikh Mohamed bin Zayed.
Total takes stake in next Qatari LNG expansion
TotalEnergies has signed up to take a 9.375% stake in Qatar’s next phase of LNG expansion, North Field South (NFS).
ADNOC and Taqa close $3.8bn project for oil and gas electrification
ADNOC and Taqa, respectively the national oil and energy companies of Abu Dhabi, have announced financial close on a $3.8bn project for electrification of offshore oil and gas assets in the UAE.
Shell, Total sign up to gas exploration on Omani block
Shell, OQ and TotalEnergies have signed a new contract with Oman on Block 11.