‘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
Lamprell raises cash amid challenges
Lamprell has signed up a debt facility and issued new capital, raising $45 million and $30.1mn respectively.
Qatar invests in Pakistan’s next LNG import terminal
Qatar, the world’s top supplier of liquefied natural gas (LNG), will invest in Pakistan’s next import terminal in a bid to support one of the fastest growing buyers of the super-chilled fuel.
Air Products, ACWA Power reach close on $12bn Jazan project
ACWA Power has secured financial close on its $12 billion Jazan project, which will supply Saudi Aramco’s refinery under a 25-year deal.
Adnoc goes nuclear with EWEC deal to cut carbon
Adnoc has signed a deal to secure clean power, from nuclear and solar, with Emirates Water and Electricity Company (EWEC).
How Saudi Arabia is planning to reach net zero by 2060
Saudi Arabia, the world’s largest oil exporter, committed to ending planet-warming emissions by 2060 but made clear the new plan won't work if the country is stopped from continuing to pump millions of barrels a day for decades.
Adnoc signs FEED plans with Mott, Penspen and others
Adnoc has signed deals with a number of service providers, including AMEC, Mott MacDonald and Penspen, worth $204.4 million.
Accident at Kuwaiti refinery sparks fire
Kuwait’s Mina Al-Ahmadi refinery is on fire, Kuwait National Petroleum Co. (KNPC) has confirmed, with some minor injuries.
Qatar begins building new LNG trains
Qatargas has begun building the four trains of the North Field East (NFE) project, to boost production to 110 million tonnes per year of LNG.
VIDEO: Saudi Arabia unveils plans for huge oil rig theme park
Saudi Arabia has unveiled its plan for “The Rig”, a 150,000 square metre theme park using an oil and gas platform.
Subsea 7, Schlumberger win major Turkish work
Subsea 7 and Schlumberger will work together to provide subsurface equipment to Turkey’s TPAO for the Sakarya field development.
GMS reports profit, eyes better days
Gulf Marine Services (GMS) expects day rates to improve in the second half of the year driving EBITDA higher.
Petroleum no more, QP rebrands as Qatar Energy
Qatar Petroleum (QP) has rebranded as Qatar Energy, describing itself as “your energy transition partner”.
Worley lands Ras Tanura refinery upgrade project with Saudi Aramco
Engineering services giant Worley (ASX: WOR) has landed a refinery upgrade contract with Saudi Aramco.
Top LNG exporter Qatar warns gas prices are at unhealthy levels
Qatar, the world’s biggest exporter of liquefied natural gas (LNG), warned that prices have climbed to “unhealthy” levels.
At $2 trillion, Aramco races Apple for world’s most valuable company
Saudi Aramco is close to claiming the prized position of the world’s most valuable company from Apple.
Aramco aims for 13mn bpd by 2027
Saudi Arabia will push ahead with plans to increase oil production capacity to 13 million barrels per day by 2027.
China to build LNG ships for Qatar in maiden deal
China will build four new liquefied natural gas (LNG) carriers for Qatar Petroleum, as part of a deal worth 2.8 billion Qatari Riyals ($760 million) that will help bolster the country’s fleet, as its North Field expansion progresses. Significantly, it is the first order placed with a Chinese shipyard for LNG vessels by Qatar Petroleum and underscores the strengthening strategic relationship between the two nations.
Qatar signs major LNG deal with China’s CNOOC
Qatar Petroleum has signed a deal with China National Offshore Oil Corporation (CNOOC) for the supply of 3.5 million tonnes per year (t/y) of liquefied natural gas (LNG) over a 15-year term starting January 2022. Significantly, the deal brings Qatari LNG supplies to China under long-term deals to 15.5 million t/y.
ADNOC Drilling IPO raises $1.1bn after investors place $34bn of orders
ADNOC (Abu Dhabi National Oil Company) has announced that it has raised more than $1.1billion through the IPO of its subsidiary ADNOC Drilling, which was vastly oversubscribed.
Saipem teams up with Aramco for new national champion
Saipem has signed a memorandum of understanding (MoU) with Saudi Aramco, paving the way for a new national champion.
Halliburton contract outrages Lebanon
Lebanese politicians have raised concerns over offshore plans by Energean and Halliburton, in a disputed area.
Egypt agrees to export gas to Lebanon
Egypt has agreed to export natural gas to Lebanon, via Jordan and Syria, following a meeting involving the four states’ energy ministers in Amman.
Helmerich & Payne lines up for Adnoc Drilling stake
Helmerich & Payne (H&P) will buy into Adnoc Drilling’s upcoming IPO, with the Abu Dhabi company buying eight land rigs from the US company.
Adnoc drives Penspen run of contract wins
Penspen has won a clutch of contracts worth $70 million in the Middle East and Africa, dominated by new agreements with Adnoc.
TotalEnergies signs up to $10bn gas, solar plan in Iraq
TotalEnergies has signed a number of major deals in Iraq’s Basra area, to develop local resources and support power generation.