‘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
Energean sees landmark 2022 with Karish, dividends starting
Energean almost doubled its adjusted EBITDAX in 2021, from 2020, and expects first gas from its Karish project in the third quarter of this year.
Saudi Aramco hikes spending to boost output
Saudi Aramco will increase spending and issue bonus shares as oil’s surge to more than $100 a barrel bolsters the company’s plan to boost production.
QatarEnergy readies for commercial LNG talks with Germany
QatarEnergy (QE) has held talks with German officials in preparation to begin sending LNG to the northern European country.
Adnoc dishes out $658mn in long-term cementing contracts
Adnoc has awarded contracts worth $658 million under framework agreements to secure cementing services.
Petrofac wins way back in to Adnoc tenders
Petrofac is back in Adnoc’s good books, the contractor has said, allowing it to participate once more in tenders.
Boris Johnson heads to Saudi Arabia as he seeks to wean West off Putin’s oil
Boris Johnson has declared Saudi Arabia and the United Arab Emirates "key international partners" in efforts to reduce dependence on Russian energy after the invasion of Ukraine.
Italy minister visits Angola, Congo in LNG security hunt
Italian Minister of Foreign Affairs Luigi di Maio has visited Angola and Congo Kinshasa in order to secure new sources of gas.
Iranian missiles target Israelis in Kurdistan, miss US consulate
Iran’s Islamic Revolutionary Guards Corp (IRGC) fired missiles into a Kurdistan city, the autonomous region of Iraq, on March 12.
Aramco restarts major refinery plan in China
Saudi Aramco has taken a final investment decision (FID) on a major refinery and petrochemical project in China.
Tidewater snaps up Swire, Angolan JV
Tidewater has set out an agreement to buy Swire Pacific Offshore for $190 million, creating the world’s largest offshore support vessel (OSV) fleet.
QE ups CCS, solar plan in move to cut carbon intensity
QatarEnergy (QE) is doubling down on its carbon capture and solar plans, with the aim of producing cleaner LNG.
ADNOC dishes out $227 million enhanced recovery deal for Bab field
ADNOC onshore has handed out a contract worth $227 million deal for a “first-of-its kind” technology to be used at Abu Dhabi’s Bab field.
Aramco closes $15.5 billion BlackRock-led gas pipeline deal
Saudi Aramco closed a deal to sell a stake in its natural-gas pipelines for $15.5 billion and entered into a pact with BlackRock Inc. to explore low carbon energy projects.
Delek rebrands as NewMed, eyes Morocco growth
Delek Drilling is relaunching as NewMed Energy as the company expands into new areas, such as blue hydrogen and renewable power.
Valaris warns costly rig reactivations await after 2021 results
Offshore driller Valaris (NYSE: VAL) said its “transitional period” post-Chapter 11 bankruptcy will continue into the second quarter of this year as it deals with costly rig reactivations.
Lamprell kick starts lift barge contract for BGMS
Lamprell has received a notice to proceed on the construction of several lift barges for Saudi Arabian marine contractor Baas Global Marine Services (BGMS).
Schlumberger, Halliburton and Weatherford among winners of $2bn ADNOC contracts
Abu Dhabi National Oil Company (ADNOC) announced a series of framework agreement awards worth some $2 billion, as it embarks on a new drilling programme.
Kurdistan, Baghdad clash over oil law legality
The Kurdistan Regional Government (KRG) has rejected a ruling from the Iraqi Supreme Court on the area’s oil and gas sector.
Biden, Saudi King discussed oil price stability and Yemeni war
President Joe Biden spoke on Wednesday with King Salman of Saudi Arabia about ensuring stable energy prices as well as Mideast security, in light of recent attacks by Yemeni rebels, and the status of talks over Tehran’s nuclear program.
UAE blames new blast on gas explosion as US warns citizens
The United Arab Emirates said an exploding gas cylinder was responsible for a blast that rocked the capital overnight, as the US issued another warning to its citizens to remain vigilant following a series of attacks on the Gulf country.
Lamprell bidding pipeline climbs to $7.9 billion as renewables boom
Lamprell has indicated a “significant step up” in its bidding pipeline as global opportunities in renewables continues to rise.
Eni makes gas find offshore Abu Dhabi
Eni has discovered gas at its first exploration well drilled offshore Abu Dhabi, in the offshore Block 2.
Aramco picks up Aker BP stake in Cognite
Saudi Aramco has bought a 7.4% stake in Norway’s Cognite, a software company.
Greenpeace floats boom as short-term FSO Safer response
Greenpeace has called for the FSO Safer to be isolated with a boom as a short-term measure to prevent an ecological disaster.
Adnoc launches new Murban unit to raise debt
Adnoc has set out plans to issue bonds via a new wholly owned subsidiary, as it continues working to raise capital.