Aramco dishes out offshore work to McDermott, Worley
Saudi Aramco has awarded three contracts to McDermott offshore in the Arabian Gulf, shortly after handing Worley offshore work.
Middle East
Thailand’s PTTEP boosts investment in UAE after Eni deal
PTT Exploration & Production (BKK:PTTEP) will expand its investment in the United Arab Emirates (UAE) by acquiring a 25% stake in Area C onshore block from Italy’s Eni. The state-backed Thai upstream player said the investment fits with its strategic focus on prolific petroleum areas in the Middle East.
China’s GEG signs long-term LNG deal with QatarEnergy
QatarEnergy (QE) has struck a long-term deal to supply LNG to China’s Guangdong Energy Group (GEG).
Macron oversees slew of French deals on visit to Middle East
French President Emmanuel Macron has overseen a number of commercial deals during his visit to the Middle East.
Tecnimont, Technip win big at Borouge expansion
Borouge has signed engineering, procurement and construction (EPC) contracts for its new plant, which it is working on with Adnoc.
Syria attacks kills 10 workers
An attack by Islamic State (IS) terrorists has killed 10 oilfield workers in Syria, according to local reports.
Saipem, Hyundai celebrate Jafurah work
Saipem and Hyundai have announced contract wins on the Jafurah development, in Saudi Arabia.
Aramco CEO stays bullish on oil demand after Friday’s price rout
Oil demand will bounce back to what it was before the coronavirus pandemic crushed energy use last year, and a rout in prices last week was based on unfounded fears of new variants of the disease, the head of Saudi Aramco said.
Aramco dishes out $10bn of contracts on Jafurah
Saudi Aramco has handed out contracts to a number of service companies to develop Jafurah, the largest non-associated gas field in Saudi Arabia.
Lebanon launches offshore bid round at Petex
Lebanon has launched its second offshore bid round, lowering a number of hurdles in a bid to attract new investors.
Total and Eni ready billion-dollar energy projects in Libya
France’s TotalEnergies and Italy’s Eni said they were ready to invest billions of dollars in Libya as the OPEC nation emerges from a decade of conflict and civil war.
Reliance’s $15bn Aramco deal goes awry as priorities shift
Reliance Industries scrapped a plan announced more than two years ago to sell a 20% stake in its oil-to-chemicals unit to Saudi Arabian Oil Co. as the Indian company focuses on its renewable energy investments.
Adnoc dishes out $1.46bn in Dalma EPC contracts
Adnoc has awarded two engineering, procurement and construction (EPC) contracts worth $1.46 billion for the Dalma gas project, on the Ghasha concession.
Pavilion, Qatar and Chevron team up on LNG climate reporting methodology
Singapore’s Pavilion Energy, QatarEnergy, and Chevron (NYSE:CVX), have jointly published a quantification and reporting methodology to produce a statement of greenhouse gas emissions for delivered liquefied natural gas (LNG) cargoes.
Adnoc hands out $6bn of drilling contracts in long-term push
Adnoc has announced $6 billion worth of contracts with drilling companies, focused on downhole completion equipment and wellheads.
Adnoc, Borealis reach Borouge FID
Adnoc has signed a $6.2 billion deal with Borealis to expand the Borouge facility, in the United Arab Emirates.
KCA Deutag bags Middle East drilling contracts worth £137m
KCA Deutag has bagged land drilling contracts worth about £137 million in the Middle East.
OPEC+ heads for geopolitical showdown as Biden demands more oil
OPEC+ is heading for a politically consequential showdown with President Joe Biden, as Saudi Arabia and its allies meet today to choose whether to heed American demands for more oil.
Energean faces termination claim at Karish
Israeli power producer Dalia Power Energies has opted to terminate its gas purchase from Energean’s Karish and Tanin developments.
Delek seeks LNG expertise amid Leviathan plans
Delek Drilling is ramping up its efforts to expand into LNG, posting a job advertisement for an LNG senior commercial advisor.
Lamprell raises cash amid challenges
Lamprell has signed up a debt facility and issued new capital, raising $45 million and $30.1mn respectively.
Qatar invests in Pakistan’s next LNG import terminal
Qatar, the world’s top supplier of liquefied natural gas (LNG), will invest in Pakistan’s next import terminal in a bid to support one of the fastest growing buyers of the super-chilled fuel.
Air Products, ACWA Power reach close on $12bn Jazan project
ACWA Power has secured financial close on its $12 billion Jazan project, which will supply Saudi Aramco’s refinery under a 25-year deal.
Adnoc goes nuclear with EWEC deal to cut carbon
Adnoc has signed a deal to secure clean power, from nuclear and solar, with Emirates Water and Electricity Company (EWEC).
How Saudi Arabia is planning to reach net zero by 2060
Saudi Arabia, the world’s largest oil exporter, committed to ending planet-warming emissions by 2060 but made clear the new plan won't work if the country is stopped from continuing to pump millions of barrels a day for decades.