‘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
Eni, SNOC start up Mahani
Eni and Sharjah National Oil Corp. (SNOC) have started producing gas and condensate at the Mahani field, less than one year after being discovered.
GKP appoints new CEO
Gulf Keystone Petroleum (GKP) has appointed a new CEO, Jon Harris, who will replace Jón Ferrier.
Aramco signs up enterprise planning with SAP
Saudi Aramco has signed a strategic alliance with SAP, following a number of digital deals signed recently.
Global ventures pay off for Craig International
Craig International’s expansion into North America, the Middle East and South Africa reaped big rewards during the year to April 30.
Severstal balances domestic demand with international option
Russia will remain the heart of Severstal’s focus for the near term, but uncertainty around the timing of a contract with Gazprom has encouraged international growth.
Eni, PTTEP take Abu Dhabi offshore block
Eni and Thailand’s PTT Exploration and Production (PTTEP) have won the first offshore block in Abu Dhabi’s second bid round, Adnoc has announced.
Energean completes Edison E&P deal
Energean has closed its acquisition of Edison Exploration & Production from Edison for a total of $203 million.
Jeddah closed after tanker attack
Saudi Arabian authorities have closed the Port of Jeddah following an explosion at the main tanker anchorage.
Exceed nets contracts worth £12.1m in ‘positive’ year
Well management and performance improvement specialist Exceed, of Aberdeen, has reported a “positive outcome” in 2020, despite the challenges faced during the past nine months.
A stack more floaters are headed for the chop
The direction of travel appears clear; around a quarter of the current offshore floater rig fleet - ships and semi-submersibles - will be sent to the scrapyard near-term.
Oxy wins Abu Dhabi onshore block
Occidental Petroleum has won the exploration rights to Abu Dhabi Onshore Block 5, Adnoc has reported.
Petrofac starts up largest CDU in Kuwait
Kuwait’s Clean Fuels Project has started up the country's largest crude distillation unit (CDU) 111, at the Mina Abdullah refinery.
Adnoc launches product trader
Adnoc has launched its second trading arm, focusing on refined products.
Aramco, Baker Hughes launch non-metallic construction
Aramco and Baker Hughes have begun construction on a non-metallic joint venture, at the King Salman Energy Park (SPARK).
Motive Offshore snaps up fellow north-east firm
Private-equity backed Motive Offshore Group has snapped up fellow north-east energy service firm Flowline Specialists for an undisclosed sum.
Aramco’s Nasser talks up low-carbon oil
Saudi Aramco sees a recovery for oil demand in the second half of 2021 and, in the longer term, hydrocarbons will continue to compete with energy transition options.
Wellpro to create 10 jobs with expansion into Saudi Arabia
Oilfield services firm Wellpro has said it will create 10 new jobs with its entry into Saudi Arabia.
Aramco signs technology MoUs
Saudi Aramco has signed new international technology deals, with local content playing a major role.
KCA Deutag changing hands in financial restructuring to slash debt
Scottish oil and gas drilling giant KCA Deutag is changing hands as part of a financial restructuring to slash debt.
Frontier sets out North Africa & Mediterranean event
Frontier Energy Network will host its North Africa & Mediterranean E&P Summit on January 28, 2021.
BP to invest more in Middle East’s ‘world-leading’ oil fields
BP said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emissions.
Adnoc expands world’s largest 3D seismic shoot
Adnoc has awarded the world’s largest 3D seismic shoot to China’s BGP, under a contract worth $519 million.
Chevron reaches first oil at Sarta
Chevron has reached first oil at the Sarta field, in Kurdistan, from an early production facility.
Tanker attacked in Saudi harbour as UN approved for FSO Safer inspection
Yemeni authorities have agreed to allow a United Nations expert mission to the FSO Safer, with the expectation that this will take place early in 2021.
Saudi acknowledges Jeddah missile attack
Saudi Arabia has confirmed a missile attack on a fuel tank in the city of Jeddah, claimed by Houthi rebels in Yemen.