North-east firms visiting one of the world’s biggest oil and gas conferences next week have said Adipec 2017 is coming at the “right time”.
As activity in the North Sea shows positive signs of recovery, and confidence returns to the global market, the dynamic of Adipec 2017 already looks to be more upbeat than the same time last year.
As Asco celebrates its landmark 50th anniversary, it is fitting that we use key industry events such as Adipec to reflect on the continued importance of international engagement.
A host of oil and gas business leaders are lined up to attend at the 20th and largest edition of the Adipec conference, which gets under way in Abu Dhabi tomorrow.
Saudi Aramco today signed agreements worth $4.5billion with oil service firms for several mega-projects.
TAQA today reported a loss of $52.8million (194 million dirhams) for the third quarter of the year. It comes after two consecutive profit turning quarters.
Even by the standards of Crown Prince Mohammed bin Salman, whose meteoric ascent has put him on the cusp of the Saudi throne at the age of 32, the Saturday night crackdown was stunning.
More than a hundred people have been killed in a truck bomb blast in eastern Syria, a spokesman for US-backed local forces said.
A Saudi Aramco director and a member of the royal council overseeing the world’s biggest oil exporter were arrested along with other top officials as Crown Prince Mohammed bin Salman seeks to strengthen his hand amid a reform push that includes a stake sale in the company next year.
Saudi Arabia, OPEC’s biggest oil producer, is also a leader when it comes to slashing the crude price the country needs to balance its budget.
Saudi Arabia is considering a more expansionary budget than planned for 2018, Finance Minister Mohammed Al-Jadaan said, as authorities seek to support an economy struggling under the weight of austerity cutbacks.
Qatar's emir has warned against any military confrontation over the diplomatic dispute between his country and four other Arab nations, saying it would only plunge the region into chaos.
Iraq’s semi-autonomous Kurdistan Regional Government said it’s prepared to freeze the results of last month’s independence referendum that triggered deadly clashes with government troops and hurt oil exports.
Russian oil giant Rosneft has agreed to operate Kurdistan's main oil pipeline.
The crisis unfolding around the Iraqi city of Kirkuk has left some of the world’s largest commodity trading houses worried the country’s autonomous Kurdish region will struggle to repay billions of dollars in cash-for-oil loans.
Saudi Arabia has set up a new company which will spearhead the crusade to make government and public buildings more energy efficient.
Petrofac today confirmed it had won a $30million deal with PetroChina for the Halfaya Contract Area (Halfaya) in southern Iraq.
Iraq's military has seized two major oil fields outside the disputed city of Kirkuk from Kurdish forces.
Iraqi Kurdish officials have said that federal forces and state-backed militias have launched a "major, multi-pronged" attack aimed at retaking the disputed northern city of Kirkuk.
Saudi Arabia’s state-owned oil giant has “mega investment” plans for the world’s fastest growing oil market.
Petrofac has signed a three year deal with Gazprom Neft Middle East.
Saudi King Salman bin Abdulaziz is beginning an historic first visit to Russia by a monarch of the Gulf kingdom as he seeks an understanding with President Vladimir Putin to extend an agreement curbing oil supplies.
Higher oil prices would pose one of the biggest risks to Saudi Arabia’s efforts to overhaul its economy, according to Fitch Ratings.
Oil service firm Mermaid Maritime and a joint venture partner have tied up contract extension worth $96million in the Middle East.
BP said today that it has started production from the giant Khazzan gas field in Oman ahead of schedule and under budget.