‘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
KCA Deutag secures nearly 200 jobs with $550 million Oman contract
Aberdeen-headquartered KCA Deutag has landed a contract worth $550 million (£408m) in Oman, securing nearly 200 jobs.
Eni signs up logistics plan with AD Ports at Mugharraq
AD Ports has established a new agreement with Eni’s local subsidiary on setting up a marine logistics base.
Gulf Keystone dials down production hopes in 2022
Gulf Keystone Petroleum has declared an additional dividend but warned that production will not grow as much as expected in 2022.
UAE intercepts missiles launched by Houthis
The United Arab Emirates has destroyed two ballistic missiles launched from Yemen this morning.
Heerema bags contract with McDermott for major Saudi Aramco project
Dutch firm Heerema Marine Contractors has sealed a contract with McDermott to transport and install six large jackets.
Adnoc CEO visits workers in hospital following drone strike
The chief executive of Adnoc has visited a hospital where workers injured in a rumoured terrorist attack are being treated.
Abu Dhabi tankers burn in reported drone strike
Two explosions have occurred in Abu Dhabi, close to the capital, in what is rumoured to be a terrorist attack.
“Global catastrophe” looms at Yemeni offshore oil storage site
The FSO Safer poses both a local environmental threat but also a major pitfall for shipping through the critical Red Sea and Suez Canal.
Wood hails bumper year with £425m of Middle East contracts
Aberdeen-headquartered consulting and engineering group Wood has signalled a year of “strategic growth” in the Middle East, accumulating $580million (£425m) of secured contract backlog in 2021.
McDermott lands ‘mega offshore contract’ with QatarEnergy
McDermott has won a “mega offshore contract” with QatarEnergy for the North Field East LNG project.
Valaris wins UK decom work with Centrica amid clutch of contracts
Valaris has announced a clutch of contract awards, including decommissioning work with Centrica in the UK.
ADNOC invests $1billion in 60-year-old Umm Shaif oil field
ADNOC has announced an investment of nearly $1billion to extend the life of the Umm Shaif oil field which started up 60 years ago.
Genel defeated by Qara Dagh geology
Genel Energy has halted work on the QD-2 well in Kurdistan because of “insurmountable technical problems”, the company has acknowledged.
McDermott wins offshore work for Qatari LNG project
QatarEnergy (QE) has awarded a major construction contract on its LNG expansion project to McDermott Middle East.
Rocket attack on Chinese oil firm servicing Petronas in Iraq
A rocket and gunfire attack targeted the premises of a Chinese oil services company servicing the Petronas-operated Al-Gharraf oilfield in southern Iraq. China’s Zongman Petroleum and Natural Gas Group (ZPEC) escaped damage and there were no casualties, officials said.
Iran insists on crude oil exports as Vienna nuclear talks resume
Iran has insisted that the United States and its allies should promise to allow Tehran to export its crude oil as negotiations on restoring the tattered nuclear deal resume in Vienna.
Abu Dhabi ponies up $1.8bn for Sempra stake
Abu Dhabi Investment Authority (ADIA) has struck a deal to buy a 10% stake in Sempra Infrastructure Partners for $1.875 billion in cash.
ADNOC unveils £2.7billion electrification project for huge offshore oil and gas fields
ADNOC has unveiled a £2.7billion development for electrification of giant offshore oil and gas fields off Abu Dhabi.
SFO under fire over disclosure as Unaoil conviction crumbles
The Serious Fraud Office (SFO) saw one of its Unaoil convictions thrown out earlier this month and appeals for a second are moving ahead.
Vantage sells three jack-ups to Saudi-owned ADES
Vantage Drilling International has agreed to sell three jack-up rigs to ADES Arabia, owned by Saudi Arabia’s Public Investment Fund (PIF).
Shell, Total sign up to new gas plan with Oman
Oman has signed gas deals with Shell and TotalEnergies on Block 10, with plans for a new LNG plant in the offing.
Israel drops UAE oil export plan
Israel has opted not to proceed with a United Arab Emirates-backed plan to transport oil through Eilat.
TA’ZIZ signs up local investors in first public-private move
Abu Dhabi’s TA’ZIZ has signed up local private sector investors to back a portfolio of chemicals projects
Halliburton denies vying for Exxon’s stake in Iraq field
Halliburton denied a claim by Iraq’s oil minister that it’s in talks to buy the stake of ExxonMobil in the huge West Qurna-1 oil field in the south of the country, amid ongoing uncertainty about the future ownership of the asset.
Adnoc announces onshore discoveries of up to 1billion barrels
Adnoc has announced discoveries of up to 1billion barrels of oil equivalent in a prized onshore block in Abu Dhabi.
