Shell, TotalEnergies in talks for stakes in Adnoc LNG plant
Adnoc is expected to make a final investment decision on the Ruwais LNG export project as soon as next month.
Adnoc is expected to make a final investment decision on the Ruwais LNG export project as soon as next month.
By BloombergOil shrugged off Iran’s unprecedented attack on Israel, with prices easing on speculation that the conflict would remain contained.
Adnoc Drilling added four jack-ups during the period, which should start working in December. It now has 124 rigs in its fleet.
The Middle East has long been synonymous with the oil and gas industry, with approximately 30% of the world’s oil currently produced in the region.
Dana has said its gas fields in Kurdistan “could be the biggest gas fields in the whole of Iraq”.
The Saudi company also noted the importance of gas. During the period, Aramco started up the Hawiyah gas plant expansion, increasing the facility’s capacity by 800 million cubic feet per day.
"The winning companies have committed to unprecedented investment in natural gas exploration over the next three years, which would hopefully result in the discovery of new natural gas reservoirs.”
Smith declined to comment on recent speculation that Wintershall was considering a sale of its stake in Ghasha.
Aberdeenshire oil field equipment supplier Coretrax has secured a multi-year contract with a Middle East operator to deliver production enhancement across a multi-well campaign.
Eni signed a 27-year liquefied natural gas deal with QatarEnergy, marking the Gulf nation’s third major contract with a European firm this month.
Ajayi noted Egypt relied on gas imports from Israel for domestic demand. “As such the North African nation will have less gas available for LNG exports due to the shutdown of the EMG pipeline.”
Shell agreed to buy liquefied natural gas from Qatar for 27 years to the Netherlands, marking the Gulf nation’s second major contract to supply fossil fuel to Europe beyond 2050.
Aberdeen-based oilfield equipment specialist OSSO will form a new partnership with a Saudi company after it more than doubled its revenues in the Middle East.
The stoppage at Tamar could result in lower shipments to buyers in Europe, who are increasingly reliant on alternatives to Russian pipeline flows, especially during the winter heating season.
Oil prices have risen due to "increased uncertainty" over how the situation in Israel and Palestine could disrupt output from the Middle East.
RAKGAS will also build a new pipeline, from the Taweelah-Fujairah Pipeline to Ras Al Khaimah (RAK), connecting to the Sajaa gas storage in Sharjah.
Oil surged as much as 5% after the broadest and bloodiest attack on Israel in decades threatened to inflame tensions in the Middle East, the source of around a third of the world’s crude.
ADNOC has announced a final investment decision (FID) on the Hail and Ghasha development, its largest ever gas development.
Winners are eligible to receive up to $1m in piloting opportunities with the UAE oil firm.
“The compact nature of the system will allow for convenient deployment to remote locations, helping Adnoc to cut emissions from its off-grid production activities,” said Power I.D.’s founder Naser Abu Daqqa.
Members of the producer group would not be in a position to produce oil for export until it is clear how they will be paid, it said.
Aberdeen-headquartered TWMA has secured a $100 million (£82.73m) contract for a major sour gas development in Abu Dhabi.
An independent committee evaluating BP and Abu Dhabi National Oil Co.’s roughly $2 billion offer for 50% of NewMed Energy has requested the oil and gas giants substantially increase their bid, people with knowledge of the matter said.
Saudi Aramco is looking for more acquisitions in LNG following a first-ever deal in the industry last month, as it sees growing demand for the fuel.
It was great to have Offshore Europe return to Aberdeen for the first time in four years at the start of September.
As a result of the deal, QE will increase its fleet size from 60 to 77. The company has said more vessels are to come.
“Together, we will continue to play a pivotal role in shaping the future of the energy sector."