‘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
Trillion lines up spud for Turkish gas bonanza
Trillion Energy International’s Uranus rig has arrived on site for drilling offshore Turkey, with the aim of bringing on new gas production by the end of October.
TotalEnergies completes Kurdistan exit with Sarsang sale
TotalEnergies has completed the sale of an 18% stake in the Sarsang field to ShaMaran, completing its exit from the Iraqi region of Kurdistan.
Adnoc, Eni talk up acceleration of Ghasha plan
Adnoc and Eni have held high-level talks on accelerating development at the Ghasha sour gas project, in a bid to increase global supply.
Recognising shift to gas, Mubadala Petroleum rebrands
Mubadala Petroleum has changed its name to Mubadala Energy, reflecting the company’s energy transition commitments and its gas-weighted portfolio.
OPEC+ cuts production for October
OPEC+ has agreed to cut production by 100,000 barrels per day in October, returning the targeted output to the level of August.
Adnoc Offshore awards subsea gas line work to NPCC
Adnoc Offshore has awarded a $548 million contract on a new main gas line to National Petroleum Construction Co. (NPCC).
Seadrill sells Saudi jack-ups to ADES
Saudi Arabia’s ADES has struck a deal to buy seven jack-ups from Seadrill for $628 million in cash.
TAQA to snap up AMPS in wider MENA move
Saudi Arabia’s TAQA has struck a deal to buy Al Mansoori Petroleum Services (AMPS) for an undisclosed amount.
QE launches world’s biggest blue ammonia plan
QatarEnergy (QE) has launched plans for a world-scale blue ammonia project, with capacity of 1.2 million tonnes per year.
Gulf Keystone accelerates cash generation, adds another well
Gulf Keystone Petroleum has benefited from increased payments from Kurdistan this year and adding the drilling of another well to its plans.
Adnoc hands out framework drill deals to Schlumberger, others
Adnoc has dished out five framework agreements for directional drilling and logging while drilling (LWD), worth $1.83 billion.
Iran may drain offshore crude oil cache if nuclear deal reached
Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out.
Yemen oil appeal inches closer to $80mn target
The appeal to raise $80 million to prevent an oil slick disaster off Yemen has come a little closer following a $1.2mn donation from HSA Group.
Adnoc Drilling adds another premium jack-up to fleet
Adnoc Drilling has bought its fourth jack-up rig this year, bringing its total to 28, one of the largest such fleets in the world.
Iraq echoes Saudi concerns on oil market volatility, warns of OPEC action
Iraq’s SOMO has endorsed Saudi Arabia’s take on the oil market’s situation, expressing concerns around “false signals” for the market.
Chevron, NewMed work on gas export options from Israel
Chevron and partners are keen to increase gas exports to Israel’s neighbours and have made a bid to secure all capacity in a proposed pipeline to Egypt.
Rystad warns no quick pipe fixes for Iran from Gazprom
Gazprom signed a deal in July to help National Iranian Oil Co. (NIOC) develop Iranian projects, but Rystad Energy has warned Russia lacks the required metallurgical supplies.
Oil giant Saudi Aramco breaks records with whopping profits of $48.4 billion
Saudi Aramco (Taduwul: SAR) posted the biggest quarterly adjusted profits of any listed company globally driven by high crude prices and production.
Adnoc awards $1bn barge contract to Adnoc L&S
Adnoc has awarded a $1.17 billion contract to its Adnoc Logistics & Services (L&S) unit to provide 13 self-propelled jack-up barges.
McDermott wins FEED work on offshore pipelines in Qatar
McDermott International has won a front-end engineering and design (FEED) contract from QatarEnergy (QE) under the North Field expansion project.
Taqa toasts £1.1 billion profits as oil and gas prices surge
Abu Dhabi state energy firm Taqa toasted a 54% surge in profits for the first half of 2022 amid an oil and gas price windfall.
Thailand’s PTTEP and Italy’s Eni strike ‘significant gas discovery’ in UAE
Thailand’s PTTEP (BKK:PTTEP) has announced another “significant gas discovery” from its first exploration well in the United Arab Emirates (UAE), together with partner Eni (MIL:ENI) of Italy, that paves the way for “establishing a strong presence” in the Middle East nation.
ADNOC Drilling lands $2bn contracts for Ghasha ‘mega-project’
ADNOC Drilling has been awarded $2bn contracts for the Hail and Ghasha “mega-project” in the United Arab Emirates (UAE).
Hezbollah issues threat against Karish’s September start
Hezbollah head Hassan Nasrallah has issued a new threat to Israel’s activities offshore, including around Energean’s Karish development.
Adnoc L&S snaps up Zakher Marine International
Adnoc Logistics & Services is buying Zakher Marine International (ZMI), an Abu Dhabi-based owner operator of offshore support vessels (OSVs).
