‘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
Al Jaber denies using COP28 Presidency to make oil and gas deals
The head of global climate change talks starting in Dubai this week has strongly denied using his position to advance the United Arab Emirates’ commercial interests.
UAE uses COP28 to push Adnoc, Masdar agenda
The briefing pack on the various countries often reiterated one point. “There is no conflict between sustainable development of any country’s natural resources and its commitment to climate change.”
Disentangling Kurdistan’s exports challenge
Local sales are “negative for Kurdistan, in that there is no new investment in these circumstances. I don’t expect anyone to drill, to increase production beyond March 2023 rates [prior to the pipeline closure]."
CGG exits data acquisition with sale of ARGAS
CGG will continue to work in Saudi Arabia, she said, and with TAQA. The company will provide “high-end subsurface imaging and seismic acquisition systems”, Zurquiyah noted.
UAE poised for 2024 output boost on quota change
The United Arab Emirates will increase its output target to 3.075 million barrels a day in January, or about 135,000 barrels a day more than it pumped last month.
Israeli security woes slow Karish North oil expansion
However, insecurity in Israel has delayed these plans. Energean said it would install the train once the security situation improves.
Israel gas flows to Egypt set to return to pre-war level
Israel’s natural gas flows to Egypt are expected to almost double and reach pre-war levels early next week, according to a person familiar with Egyptian imports, after a major offshore field resumed output on easing safety concerns.
Adnoc Drilling boosts EBITDA, agrees Jordan entry
Adnoc Drilling added four jack-ups during the period, which should start working in December. It now has 124 rigs in its fleet.
Energy Transition in the Middle East
The Middle East has long been synonymous with the oil and gas industry, with approximately 30% of the world’s oil currently produced in the region.
Dana Gas stays gas focused while navigating pipeline politics
Dana has said its gas fields in Kurdistan “could be the biggest gas fields in the whole of Iraq”.
Prices slide for Aramco but upstream spending climbs
The Saudi company also noted the importance of gas. During the period, Aramco started up the Hawiyah gas plant expansion, increasing the facility’s capacity by 800 million cubic feet per day.
Eni pursues East Med gas trends into Israel
"The winning companies have committed to unprecedented investment in natural gas exploration over the next three years, which would hopefully result in the discovery of new natural gas reservoirs.”
Wintershall Dea takes Ghasha charge
Smith declined to comment on recent speculation that Wintershall was considering a sale of its stake in Ghasha.
Coretrax secures multi-year contract to boost production for Middle East operator
Aberdeenshire oil field equipment supplier Coretrax has secured a multi-year contract with a Middle East operator to deliver production enhancement across a multi-well campaign.
Qatar signs up Italy in fresh gas deal with Europe past 2050
Eni signed a 27-year liquefied natural gas deal with QatarEnergy, marking the Gulf nation’s third major contract with a European firm this month.
Tanker reroutes from Egypt amid Israeli gas squeeze
Ajayi noted Egypt relied on gas imports from Israel for domestic demand. “As such the North African nation will have less gas available for LNG exports due to the shutdown of the EMG pipeline.”
Shell and Qatar sign 27-year LNG supply deal for Netherlands
Shell agreed to buy liquefied natural gas from Qatar for 27 years to the Netherlands, marking the Gulf nation’s second major contract to supply fossil fuel to Europe beyond 2050.
Aberdeen-based OSSO secures new Saudi partnership, doubles Mid East revenue
Aberdeen-based oilfield equipment specialist OSSO will form a new partnership with a Saudi company after it more than doubled its revenues in the Middle East.
Egypt weighs impact of Israel gas field halt on LNG exports
The stoppage at Tamar could result in lower shipments to buyers in Europe, who are increasingly reliant on alternatives to Russian pipeline flows, especially during the winter heating season.
Oil price rise reflects “uncertainty” over Israel-Palestine situation
Oil prices have risen due to "increased uncertainty" over how the situation in Israel and Palestine could disrupt output from the Middle East.
RAKGAS strikes pipeline, storage deals for gas security
RAKGAS will also build a new pipeline, from the Taweelah-Fujairah Pipeline to Ras Al Khaimah (RAK), connecting to the Sajaa gas storage in Sharjah.
Oil surges as Hamas’ attack on Israel fans Middle East tensions
Oil surged as much as 5% after the broadest and bloodiest attack on Israel in decades threatened to inflame tensions in the Middle East, the source of around a third of the world’s crude.
ADNOC awards £14 billion of contracts for largest ever gas project
ADNOC has announced a final investment decision (FID) on the Hail and Ghasha development, its largest ever gas development.
Aberdeen firm makes finals of ADNOC decarbonisation challenge
Winners are eligible to receive up to $1m in piloting opportunities with the UAE oil firm.
Adnoc targets EV battery reuse to power drilling
“The compact nature of the system will allow for convenient deployment to remote locations, helping Adnoc to cut emissions from its off-grid production activities,” said Power I.D.’s founder Naser Abu Daqqa.