Oil prices unphased by Iran’s assault on Israel as Brent turns lower
Oil shrugged off Iran’s unprecedented attack on Israel, with prices easing on speculation that the conflict would remain contained.
Oil shrugged off Iran’s unprecedented attack on Israel, with prices easing on speculation that the conflict would remain contained.
By BloombergEnergean has added another 13 billion cubic metres of gas offshore Israel at its Zeus exploration well, with one more well to drill.
The Middle East’s investments in energy will see the region come to lead in the energy transition, Wood CEO Ken Gilmartin has said.
EnerQuip has celebrated the opening of its first sales and service centre in the Middle East with the announcement of a record $2.5 million contract award for delivery to Abu Dhabi in 2023.
Siemens Energy has signed up to work with Adnoc to account for the emissions linked to production.
Adnoc has awarded three drilling fluids contracts, worth $4 billion, to Adnoc Drilling, SLB and Halliburton.
QatarEnergy (QE) has chosen ConocoPhillips to be its third partner on the North Field South (NFS) LNG development.
Adnoc CEO Sultan Al Jaber has called for the world to produce from all the energy sources it can, while minimising emissions.
KCA Deutag has completed the acquisition of Saipem’s onshore drilling business in Saudi Arabia, the United Arab Emirates and Africa.
Developing oil and gas projects can be done in an environmentally sound fashion and can play a critical role in changing a country’s finances, according to Uganda National Oil Co. (UNOC) CEO Proscovia Nabbanja.
Thailand’s PTT Exploration & Production (BKK:PTTEP) further expands its investment in the United Arab Emirates (UAE) by acquiring 25% participating interest in the Sharjah Onshore Area A from Italy’s Eni (MIL:ENI).
QatarEnergy (QE) has signed up to buy 70% of the production from its Golden Pass LNG export project, which it is developing with ExxonMobil in Texas.
Energean has reached first gas from its Karish field, offshore Israel, with more wells coming online over the next month.
Weatherford has signed drilling contracts with Saudi Aramco and Petroleum Development Oman (PDO), for three years and five years respectively.
China Oilfield Services Ltd (COSL) has won a number of drilling contracts from one company in the Middle East worth 14 billion yuan ($1.92bn).
QatarEnergy (QE) has chosen Shell as its second partner on the North Field South (NFS) expansion project.
The global energy landscape is undergoing profound changes amid volatile and complex market situations, price instability, and the growing need to rapidly adapt if we are to meet net zero targets. The global energy industry has never experienced anything like this before, and never has collaboration been more important.
Adnoc Drilling has drilled a new world record for the longest well, at the Upper Zakum concession.
Saipem has won a $4.5 billion contract from Qatargas for two offshore gas compression complexes.
The United Arab Emirates energy minister has defended OPEC+’s decision to cut production as a purely technical move, denying talk of discord and politics.
Abu Dhabi’s Al Seer Marine has struck a joint venture deal with Damen Shipyards and financier DTec Industries.
Saudi Arabia has defended the OPEC+ decision to cut production, saying a US request to push back the move would have had a negative economic impact.
ADNOC has handed its subsidiary ADNOC Drilling (ADX: ADNOCDRIlL) a $980m contract for the hire of two rigs in the UAE.
Arabian Drilling Co., a Saudi oilfield-services firm partly held by Schlumberger NV, drew $43 billion in orders for its initial public offering, underscoring the strong investor appetite for Middle Eastern share sales.
Israel and Lebanon have reached a draft agreement, settling the maritime dispute that had threatened energy developments.
Shelf Drilling has signed a five-year contract for its recently acquired Shelf Drilling Victory in the Arabian Gulf.