‘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
Sinopec snaps up first NFE LNG offtake deal with Qatar
Sinopec has signed up to buy 4 million tonnes per year of LNG from QatarEnergy (QE) for 27 years.
Adnoc Drilling buys three more jack-ups
Adnoc Drilling has bought three more jack-ups for $320 million as the company continues to expand to tap into Middle Eastern demand.
Methane emissions in the crosshairs for energy industry
Tackling methane emissions should be an easy way to make progress in tackling climate change – and point to how willing the energy industry is to the energy transition.
TotalEnergies looks to hire rig for Lebanon drilling, after Israel deal
TotalEnergies and Eni have reached a deal with Israel allowing them to begin exploration in Lebanon’s Block 9.
Adnoc Drilling boasts profits up 24% amid onshore boom
Adnoc Drilling has reported its results for the first nine months of 2022, with net profit up 24% and EBITDA up 12%.
Keppel O&M takes jack-up haircut, agrees to Saudi deal
Keppel Offshore & Marine (O&M) has signed up to provide two more jack-up rigs to ADES Saudi, under a contract worth $155 million for the builder.
NewMed signs up to supply Uniper with Israeli LNG
NewMed Energy has signed a non-binding memorandum of understanding (MoU) to supply natural gas, and develop blue hydrogen, for delivery into Europe with Uniper.
Schlumberger-backed Arabian Drilling surges in Riyadh debut
Arabian Drilling, a Saudi oilfield-services firm partly held by Schlumberger, surged in its trading debut after raising $710 million from its initial public offering in Riyadh.
Energean adds more gas to its Israeli pantheon
Energean has added another 13 billion cubic metres of gas offshore Israel at its Zeus exploration well, with one more well to drill.
Middle East’s approach a “lesson” for the world, Wood CEO says
The Middle East’s investments in energy will see the region come to lead in the energy transition, Wood CEO Ken Gilmartin has said.
EnerQuip bags $2.5m contract to mark Middle East expansion
EnerQuip has celebrated the opening of its first sales and service centre in the Middle East with the announcement of a record $2.5 million contract award for delivery to Abu Dhabi in 2023.
Siemens Energy, Adnoc team up on carbon blockchain accounting
Siemens Energy has signed up to work with Adnoc to account for the emissions linked to production.
Adnoc dishes out $4bn in drill fluids contracts to three winners
Adnoc has awarded three drilling fluids contracts, worth $4 billion, to Adnoc Drilling, SLB and Halliburton.
Qatar picks Conoco for last NFS slot
QatarEnergy (QE) has chosen ConocoPhillips to be its third partner on the North Field South (NFS) LNG development.
Maximise production, minimise emissions, argues Adnoc chief
Adnoc CEO Sultan Al Jaber has called for the world to produce from all the energy sources it can, while minimising emissions.
KCA Deutag bulks up in Middle East with Saipem deal
KCA Deutag has completed the acquisition of Saipem’s onshore drilling business in Saudi Arabia, the United Arab Emirates and Africa.
Road to Adipec: Pragmatic and progressive
Developing oil and gas projects can be done in an environmentally sound fashion and can play a critical role in changing a country’s finances, according to Uganda National Oil Co. (UNOC) CEO Proscovia Nabbanja.
PTTEP buys out Eni’s stake in Sharjah Onshore Area A in UAE
Thailand’s PTT Exploration & Production (BKK:PTTEP) further expands its investment in the United Arab Emirates (UAE) by acquiring 25% participating interest in the Sharjah Onshore Area A from Italy’s Eni (MIL:ENI).
QE Trading signs up for lion’s share of Golden Pass LNG
QatarEnergy (QE) has signed up to buy 70% of the production from its Golden Pass LNG export project, which it is developing with ExxonMobil in Texas.
Energean reaches first gas at offshore Israeli field
Energean has reached first gas from its Karish field, offshore Israel, with more wells coming online over the next month.
Weatherford’s integrated option draws in Saudi, Omani work
Weatherford has signed drilling contracts with Saudi Aramco and Petroleum Development Oman (PDO), for three years and five years respectively.
COSL makes major Middle East move
China Oilfield Services Ltd (COSL) has won a number of drilling contracts from one company in the Middle East worth 14 billion yuan ($1.92bn).
QE picks Shell as second partner at NFS
QatarEnergy (QE) has chosen Shell as its second partner on the North Field South (NFS) expansion project.
Finding a path through the Energy Trilemma
The global energy landscape is undergoing profound changes amid volatile and complex market situations, price instability, and the growing need to rapidly adapt if we are to meet net zero targets. The global energy industry has never experienced anything like this before, and never has collaboration been more important.
Adnoc Drilling claims longest well record
Adnoc Drilling has drilled a new world record for the longest well, at the Upper Zakum concession.