‘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
Kurdistan producers warn no quick restart to Iraq-Turkey pipeline
Members of the producer group would not be in a position to produce oil for export until it is clear how they will be paid, it said.
Aberdeen’s TWMA lands £83 million contract to double Middle East operations
Aberdeen-headquartered TWMA has secured a $100 million (£82.73m) contract for a major sour gas development in Abu Dhabi.
BP, Adnoc urged to raise $2bn bid for NewMed stake
An independent committee evaluating BP and Abu Dhabi National Oil Co.’s roughly $2 billion offer for 50% of NewMed Energy has requested the oil and gas giants substantially increase their bid, people with knowledge of the matter said.
Saudi Aramco hunts for more LNG deals to meet surging demand
Saudi Aramco is looking for more acquisitions in LNG following a first-ever deal in the industry last month, as it sees growing demand for the fuel.
Capital gains for Aberdeen delegation at ADIPEC
It was great to have Offshore Europe return to Aberdeen for the first time in four years at the start of September.
QE signs $3.9bn deal for 17 Korean LNG carriers
As a result of the deal, QE will increase its fleet size from 60 to 77. The company has said more vessels are to come.
Dana Gas names EnQuest exec as new CEO
“Together, we will continue to play a pivotal role in shaping the future of the energy sector."
Worley takes CCS design win in Qatar
The CCS plant will be able to capture 4.3 million tonnes per year of CO2. It will capture emissions from seven trains at Qatargas North and three trains at Qatargas South.
Qatargas rebrands under QatarEnergy umbrella
“Today, ‘QatarEnergy LNG’ carries this legacy forward well into the 21st century helping meet the world’s growing energy demand”, Minister Saad Sherida Al-Kaabi said
Adnoc L&S adds eight jack-up barges
The ZMI CEO said the company was ready to "expand our operations across Asia and explore new markets”.
McDermott kicks off major financial restructuring
Oil and gas contractor McDermott has started a restructuring package amid concerns over its financial health.
Update: Helicopter crashes offshore UAE, one dead
“At this moment our thoughts and prayers are with our crew and their families who were on board the helicopter. We will do everything we can to help those who have been affected by this accident,” the company said.
Zenith dips out of Yemen and into Kazakhstan
Slightly more than three hours later, Zenith announced the signing of a memorandum of understanding for an asset in Kazakhstan.
Ades plans Saudi IPO in September
The IPO will “support us in continuing to deliver growth and cement our position as the leader in the jack-up drilling market in Saudi Arabia and globally”, said chairman Ayman Abbas.
Lamprell wins five-jacket contract from NPCC
The project scope for the NPCC work covers fabrication, painting and load out of the five jackets and boat landings. There is an optional scope, covering sea fastening of the structures.
ROVOP scores long-term Energean award
Gilmartin said the contract was a “real milestone” that “reflects our strategic approach to breaking into the field support ROV market”.
Transocean Barents arrives in Lebanon for Total drilling
Transocean has reported the day rate for the rig is $365,000 under the one-well contract.
Kurdistan producers face problems beyond pipe stoppage
APIKUR reported that its members had cut spending by around $400mn in 2023, with plans for 2024 in doubt.
Oil’s Hottest Trade Gathers Momentum as Key Spread Goes Negative
One of the hottest trades in the oil market this year is keeping on rolling, with the potential to reshape the value of physical crude cargoes and transform global flows.
Adnoc makes first major global gas deal with Azeri buy
The biggest oil producer in the United Arab Emirates is buying a stake in a natural gas field in Azerbaijan, marking the company’s first major international purchase of upstream hydrocarbon assets.
Capterio calls on UAE to build bridge to zero flares
“We need to have the right engagement with difficult to engage countries,” Davis explained. “We have to engage the other half and try new approaches.”
Dana Gas commits to cutting methane emissions
Dana Gas CEO Patrick Allman-Ward said the company had made significant strides energy efficiency and greenhouse gas emissions in the past few years. The company has cut flaring 47% since 2019.
FSO Safer transfer beginning off Yemen
Greenpeace has attributed the fact that disaster has not occurred to “the heroic efforts of a small skeleton crew and a great deal of luck”.
Saudi Arabia hikes its oil prices as supply cuts extended
Saudi Arabia issued big price increases for its crude to Europe and the Mediterranean, while also unexpectedly lifting the cost of barrels to Asia, a move that risks stifling demand for the kingdom’s barrels.
Adnoc without oil – company considered rebrand ahead of COP28
“We are increasingly aware of the reputational challenges posed by our brand name and positioning,” the centre reported Adnoc as saying.