Israel and UAE open talks over top-secret oil pipeline
Israel and the United Arab Emirates have opened talks over an oil pipeline linking the Red Sea with the Mediterranean, whose operations Israeli officials treat as top secret.
Middle East
ADM lines up Dubai financing for Africa opportunities
ADM Energy has signed a co-operation agreement with Dubai Bridge Investments to work together on upstream investments in sub-Saharan Africa.
Aramco suspends second Shelf Drilling rig
Saudi Aramco has suspended the contract for the Main Pass I jack-up for up to 12 months, Shelf Drilling has reported.
Aramco, Sabic to reassess $20bn crude-to-chemicals project
Saudi Aramco and Saudi Basic Industries Corp. will re-evaluate the scope of a planned crude-to-chemicals project in the kingdom as they seek to reduce spending amid a slump in prices for their products.
Abu Dhabi funds invest $2.1billion in Adnoc gas pipelines
Abu Dhabi government institutional investors are paying $2.1 billion for a stake in a natural gas pipelines unit run by Abu Dhabi National Oil Co.
Costs, carbon at heart of Adnoc drive
Adnoc is considering how best to meet the world’s changing energy needs, although oil and gas will “remain at the heart” of the company’s business model, said Sultan Al Jaber.
MENA bucks global trend with gas push
Despite a major demand shock this year, gas plans are scaling up, according to Arab Petroleum Investments Corporation (Apicorp).
Stena lines up decommissioning work off Israel
Stena Drilling has signed a new contract with Noble Energy for decommissioning work offshore Israel.
KCA Deutag wins £115million contract extensions in Oman
Aberdeen-headquartered KCA Deutag has announced the award of contract extensions worth more than $150m (£115million) in Oman.
BP launches Ghazeer in Oman
BP has started up the second phase of its gas operations in Oman, with the launch of the Ghazeer project.
Adnoc secures AI venture with G42
Adnoc has launched an artificial intelligence (AI) joint venture with Abu Dhabi’s Group 42.
Job hopes as MODS sells stake to Japanese firm
Bosses at MODS are planning a recruitment drive after selling a 40% stake in the family-owned energy software business to a Japanese engineering firm for £7.3 million.
Israel, Lebanon talks raise prospect of gas developments
Israel and Lebanon have begun discussions on shared boundaries, under an agreement brokered by the US.
Adnoc launches first trading unit
Adnoc has begun trading derivatives via its Adnoc Trading (AT) unit, marking a step for the NOC to become an increasingly sophisticated market player.
Libya’s oil crescent gets back to work as Sarir field opens
Libya’s oil industry continued to revive this week following a truce between the main factions in the OPEC member’s devastating civil war.
Rovop reports strong trading and improved outlook for 2020-21
Subsea service firm Rovop said yesterday it was well-positioned, despite challenging trading conditions, to invest in and secure future growth as the market recovers.
Baker Hughes wins major Qatari LNG order
Qatar Petroleum (QP) has placed an order with Baker Hughes for multiple main refrigerant compressors for the North Field East (NFE) project.
Aramco despatches blue ammonia to Japan
Saudi Aramco has sent 40 tonnes of blue ammonia to Japan, for use in zero-carbon power generation.
Adnoc L&S wins long-term port work
Adnoc Logistics and Services (L&S) has signed a deal to provide a range of marine services for all petroleum ports in Abu Dhabi.
Saudi calls for UN to tackle Yemeni tanker problem
Saudi Arabia has written to the United Nations Security Council warning of an “oil spot” has been detected offshore Yemen.
GMS drops capital raise plans, faces Seafox board struggle
The dispute between Gulf Marine Services (GMS) and its major shareholder Seafox International shows no signs of receding and have scotched plans for a capital raise.
ADES eyes better times ahead
ADES International increased EBITDA, revenue and profit in the first half of 2020, versus 2019.
Adnoc, Mubadala, ENEC team up on local content
Adnoc has signed framework agreements with Mubadala Investment and Emirates Nuclear Energy Corp. (Enec) focused on co-operation on in-country value (ICV).
Iran dismisses US efforts over UN sanctions as currency drops
Iran's president dismissed US efforts to restore all UN sanctions on the country, as mounting economic pressure from Washington pushed the currency down to its lowest level ever on Sunday.
Oman signs exploration deal with EOG
Oman’s Ministry of Energy and Minerals has signed a deal with the US’ EOG Resources for Block 36.