Adnoc stacks three discoveries with 650 million barrels
Adnoc has made a new 500 million barrel discovery at Bu Hasa, offering an expansion of Murban crude production.
Middle East
Adnoc sets out June IPO plan for Borouge
Adnoc and Borealis have set out plans to hold an IPO for Borouge on the Abu Dhabi Securities Exchange.
UAE to more than double LNG export capacity with Fujairah plant
Abu Dhabi National Oil Co. plans to build a new liquefied natural gas plant as the world’s producers race to expand their exports amid surging demand.
STATS Group eyes international growth after ‘excellent’ 2021
Pipeline specialist STATS Group plans to boost its international footprint following an “excellent” 2021.
Lamprell delivers new ‘state-of-the-art’ jack-up rig
Lamprell has successfully delivered the first jack-up drilling rig for International Maritime Industries (IMI).
Offshore rig day rates heading for highest level in ‘almost a decade’
The offshore drilling rig market is “much tighter” than previously thought, according to new analysis, with some segments “nearly sold-out”.
Turning flare gas into hydrogen and graphene, Levidian seals UAE deal
A pioneering company has struck a deal to help decarbonise flaring sites in the United Arab Emirates, while producing hydrogen and graphene.
Aramco posts barnstorming quarter
Saudi Aramco has posted its strongest quarterly results since going public, with net income of $39.5 billion and free cash flow of $30.6bn.
UAE ruler dies, triggering race for succession
United Arab Emirates ruler Sheikh Khalifa bin Zayed Al Nahyan has died triggering 40 days of official mourning.
Shareholder revolt at Genel topples Higgs, others
Shareholders at Genel Energy have rejected the election of three directors at today’s AGM.
Cash needed to defuse Yemen’s floating oil bomb
The United Nations has begun securing funding commitments to tackle the dangers posed by the FSO Safer, offshore Yemen.
Lamprell to kick off jack-up refurb this month
Lamprell has teased an upcoming contract for jack-up refurbishment in the Middle East without releasing many details.
Sarta well disappoints for Genel
Genel Energy has completed the Sarta-5 appraisal well but reservoirs appear tight and it failed to flow.
Keppel’s legacy rigs heading to Middle East in $97m deal as market tightens
Singaporean yard Keppel Offshore & Marine (Keppel O&M) will send two of its jack-up rigs to Saudi Arabia in a five-year deal worth S$135 million ($97 million) as the market for rigs continues to tighten.
Energean opens the book on divine discoveries off Israel
Energean has made a commercial gas discovery offshore Israel at its Athena well, within tie-back range of its Karish-Tanin development.
Operators to retain whip hand in dayrate negotiations, Westwood projects
Westwood Global Energy Group expects rig demand to increase around the world but with no rapid increase in dayrates.
First tenders floated for Saudi’s $5bn oil rig theme park: report
The first tenders have reportedly been launched for a huge offshore oil rig theme park mooted by Saudi Arabia, with potentially more than $5 billion of work up for grabs.
ADES continues rig-buying drive with pair of Valaris jack-ups
Valaris has sold two sold heavy duty jack-up rigs to a unit of ADES International, as the Dubai-based contractor continues to pick up assets from across the globe.
Seadrill wins $404m in Middle East jack-up awards
Seadrill has been awarded contracts by a leading operator to deploy three of its jack-ups for work in the Middle East beginning in 2023.
KBR wins seven-year deal for Satorp maintenance
KBR has won a seven-year contract to provide general maintenance services (GMS) to the Satorp complex in Saudi Arabia.
Barzani talks Kurdistan opportunities with PM Johnson in London
UK Prime Minister Boris Johnson has hosted Kurdistan Prime Minister Masrour Barzani in No. 10, with talks of energy security and supplies to Europe.
Aramco awards NESR $300mn fracking contract
National Energy Services Reunited Corp. (NESR) has won a contract in Saudi Arabia for drilling services worth $300 million.
Iraq eyes decision in May on Halliburton gas deal
Iraq may reactivate a deal with Halliburton to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar told local media.
Oil gains as week opens on Libyan Disruption, Russia’s Warning
Oil climbed as supplies from Libya were interrupted and Russia warned of the potential for record prices if more nations ban its energy.
Saipem wins offshore drilling contracts in Middle East and West Africa
Italian energy contractor Saipem (BIT: SPM) has won new offshore drilling contracts in the Middle East and West Africa worth over $400 million.