Capricorn announces merger with NewMed Energy, ditching Tullow
Capricorn Energy (LON: CNE) has ditched a tie-up with Tullow Oil (LON: TLW), instead unveiling a merger with NewMed Energy (TLV: NWMD).
Middle East
Oil & Gas Middle East
Saudi oil driller’s IPO covered within hours in bearish market
Arabian Drilling Co., a Saudi Arabian oilfield-services company partly owned by Schlumberger NV, took only hours to garner enough investor orders to fully cover an initial public offering that could raise as much as 2.67 billion riyals ($710 million).
Greenpeace names and shames oil companies for FSO Safer involvement
Greenpeace International has named ExxonMobil, OMV and TotalEnergies as companies involved in storing crude on the FSO Safer, the ailing ship offshore Yemen.
OQ emissions rise, but with aims for change at Block 60
Oman’s OQ has set out a number of stratagems for the energy transition, but for 2021 emissions increased.
Adnoc Drilling adds two more jack-ups
Adnoc Drilling has signed a sale and purchase agreement to buy two more premium jack-up rigs, for $140 million.
Petrofac lands services deal with ADNOC at Haliba oilfield
Petrofac (LON: PFC) has been awarded a two-year field maintenance services contract extension with ADNOC.
All Middle East Posts
Capricorn announces merger with NewMed Energy, ditching Tullow
Capricorn Energy (LON: CNE) has ditched a tie-up with Tullow Oil (LON: TLW), instead unveiling a merger with NewMed Energy (TLV: NWMD).
Saudi oil driller’s IPO covered within hours in bearish market
Arabian Drilling Co., a Saudi Arabian oilfield-services company partly owned by Schlumberger NV, took only hours to garner enough investor orders to fully cover an initial public offering that could raise as much as 2.67 billion riyals ($710 million).
Greenpeace names and shames oil companies for FSO Safer involvement
Greenpeace International has named ExxonMobil, OMV and TotalEnergies as companies involved in storing crude on the FSO Safer, the ailing ship offshore Yemen.
OQ emissions rise, but with aims for change at Block 60
Oman’s OQ has set out a number of stratagems for the energy transition, but for 2021 emissions increased.
Adnoc Drilling adds two more jack-ups
Adnoc Drilling has signed a sale and purchase agreement to buy two more premium jack-up rigs, for $140 million.
Petrofac lands services deal with ADNOC at Haliba oilfield
Petrofac (LON: PFC) has been awarded a two-year field maintenance services contract extension with ADNOC.
In Scholz’s UAE lighthouse talks, RWE scores a first LNG cargo
German Chancellor Olaf Scholz has signed agreements on securing new energy supplies during a visit to United Arab Emirates President Sheikh Mohamed bin Zayed.
Total takes stake in next Qatari LNG expansion
TotalEnergies has signed up to take a 9.375% stake in Qatar’s next phase of LNG expansion, North Field South (NFS).
ADNOC and Taqa close $3.8bn project for oil and gas electrification
ADNOC and Taqa, respectively the national oil and energy companies of Abu Dhabi, have announced financial close on a $3.8bn project for electrification of offshore oil and gas assets in the UAE.
Shell, Total sign up to gas exploration on Omani block
Shell, OQ and TotalEnergies have signed a new contract with Oman on Block 11.
Trillion lines up spud for Turkish gas bonanza
Trillion Energy International’s Uranus rig has arrived on site for drilling offshore Turkey, with the aim of bringing on new gas production by the end of October.
TotalEnergies completes Kurdistan exit with Sarsang sale
TotalEnergies has completed the sale of an 18% stake in the Sarsang field to ShaMaran, completing its exit from the Iraqi region of Kurdistan.
Adnoc, Eni talk up acceleration of Ghasha plan
Adnoc and Eni have held high-level talks on accelerating development at the Ghasha sour gas project, in a bid to increase global supply.
Recognising shift to gas, Mubadala Petroleum rebrands
Mubadala Petroleum has changed its name to Mubadala Energy, reflecting the company’s energy transition commitments and its gas-weighted portfolio.
OPEC+ cuts production for October
OPEC+ has agreed to cut production by 100,000 barrels per day in October, returning the targeted output to the level of August.
Adnoc Offshore awards subsea gas line work to NPCC
Adnoc Offshore has awarded a $548 million contract on a new main gas line to National Petroleum Construction Co. (NPCC).
Seadrill sells Saudi jack-ups to ADES
Saudi Arabia’s ADES has struck a deal to buy seven jack-ups from Seadrill for $628 million in cash.
TAQA to snap up AMPS in wider MENA move
Saudi Arabia’s TAQA has struck a deal to buy Al Mansoori Petroleum Services (AMPS) for an undisclosed amount.
QE launches world’s biggest blue ammonia plan
QatarEnergy (QE) has launched plans for a world-scale blue ammonia project, with capacity of 1.2 million tonnes per year.
Gulf Keystone accelerates cash generation, adds another well
Gulf Keystone Petroleum has benefited from increased payments from Kurdistan this year and adding the drilling of another well to its plans.
Adnoc hands out framework drill deals to Schlumberger, others
Adnoc has dished out five framework agreements for directional drilling and logging while drilling (LWD), worth $1.83 billion.
Iran may drain offshore crude oil cache if nuclear deal reached
Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out.
Yemen oil appeal inches closer to $80mn target
The appeal to raise $80 million to prevent an oil slick disaster off Yemen has come a little closer following a $1.2mn donation from HSA Group.
Adnoc Drilling adds another premium jack-up to fleet
Adnoc Drilling has bought its fourth jack-up rig this year, bringing its total to 28, one of the largest such fleets in the world.
Iraq echoes Saudi concerns on oil market volatility, warns of OPEC action
Iraq’s SOMO has endorsed Saudi Arabia’s take on the oil market’s situation, expressing concerns around “false signals” for the market.
