Greenpeace International has named ExxonMobil, OMV and TotalEnergies as companies involved in storing crude on the FSO Safer, the ailing ship offshore Yemen.
Oil & Gas Middle East
Oman’s OQ has set out a number of stratagems for the energy transition, but for 2021 emissions increased.
Adnoc Drilling has signed a sale and purchase agreement to buy two more premium jack-up rigs, for $140 million.
Petrofac (LON: PFC) has been awarded a two-year field maintenance services contract extension with ADNOC.
German Chancellor Olaf Scholz has signed agreements on securing new energy supplies during a visit to United Arab Emirates President Sheikh Mohamed bin Zayed.
TotalEnergies has signed up to take a 9.375% stake in Qatar’s next phase of LNG expansion, North Field South (NFS).
All Middle East Posts
Saudi Aramco (Taduwul: SAR) posted the biggest quarterly adjusted profits of any listed company globally driven by high crude prices and production.
Adnoc has awarded a $1.17 billion contract to its Adnoc Logistics & Services (L&S) unit to provide 13 self-propelled jack-up barges.
McDermott International has won a front-end engineering and design (FEED) contract from QatarEnergy (QE) under the North Field expansion project.
Abu Dhabi state energy firm Taqa toasted a 54% surge in profits for the first half of 2022 amid an oil and gas price windfall.
Thailand’s PTTEP (BKK:PTTEP) has announced another “significant gas discovery” from its first exploration well in the United Arab Emirates (UAE), together with partner Eni (MIL:ENI) of Italy, that paves the way for “establishing a strong presence” in the Middle East nation.
ADNOC Drilling has been awarded $2bn contracts for the Hail and Ghasha “mega-project” in the United Arab Emirates (UAE).
Hezbollah head Hassan Nasrallah has issued a new threat to Israel’s activities offshore, including around Energean’s Karish development.
Adnoc Logistics & Services is buying Zakher Marine International (ZMI), an Abu Dhabi-based owner operator of offshore support vessels (OSVs).
Spending on the energy sector in the Middle East and North Africa could reach $879 billion over the next five years, according to Apicorp.
The Court of Appeal has reversed a conviction of Aberdeen exec Stephen Whiteley, the third such reversal for cases stemming from the Unaoil scandal.
Technip Energies and Abu Dhabi’s National Petroleum Construction Co. (NPCC) have agreed to establish a joint company, aiming to focus on the energy transition.
Adnoc and TotalEnergies have signed a deal to work together, while France and the United Arab Emirates have also made high-level commitments.
The UK will provide another £2 million to help the FSO Safer, a deteriorating vessel holding around 1 million barrels of oil offshore Yemen.
Saudi Aramco has awarded Worley a contract covering project management services for the development of unconventional gas.
EnerMech is today announcing new contracts worth a total of more than £107 million for work in Africa, the Middle East and Caspian region.
Lamprell’s two suitors, Blofeld Investment Management and Al Gihaz Holding, have teamed up to make an offer for the company.
US President Joe Biden is due to visit the Middle East this week, with the oil market watching his trip to Saudi Arabia particularly closely.
QatarEnergy (QE) has officially picked Shell to take a 25% stake in a joint venture on the North Field East (NFE) project. This will have total capacity of 32 million tonnes per year.
Abu Dhabi National Energy Co. said it will retain the vast majority of its oil and natural gas assets following a review, citing the strong contribution of those businesses to earnings.
Israeli forces have shot down three Hezbollah drones that appeared to be heading for the recently arrived FPSO on the Karish field, in the Mediterranean Sea.
A potential offer may be in the offing for Lamprell, which announced recently it was seeking a buyer to help it solve its liquidity issues.
Shell (LON: SHEL) is set to follow other Western energy majors by taking a stake in a $29 billion project to boost exports of liquefied natural gas from Qatar.
Extracting oil from the ground is a massive logistical undertaking. It requires an army of workers, vehicles and equipment to even get started, let alone produce sustainably and profitably.
Saipem (MI: SPM) has been awarded several contracts, onshore and offshore, in the Middle East worth around $1.2 billion.
At least 13 people have been killed and hundreds of others are reported injured following a toxic gas leak from a storage tank in Jordan.