Malaysia’s national energy company Petronas is considering selling some of its oil assets to bolster its finances as the federal government seeks a bigger dividend and to help streamline its business for the energy transition. Overseas assets in Africa, Middle East and Southeast Asia could be put up for sale.
A north-east firm that specialises in oil and gas security services is toasting success after one of its bosses picked up a prestigious award.
Oil and gas faces an existential crisis as global efforts to reduce carbon emissions gather strength and pace. In this new paradigm, definition and assessment of risk is critical.
International trade during the pandemic has been something of a double-edged sword for many oil and gas firms.
BP’s latest review of energy use has been presented as positive developments in carbon reduction. However, the facts remain that fossil fuels continue to provide most of the world’s energy needs and that developing Asia is driving demand.
Oilfield service firm Hunting said today it had clinched its first sizeable order for a pioneering technology that uses microbes to increase hydrocarbon production.
The United Arab Emirates could become the first nation among the Organization of the Petroleum Exporting Countries (OPEC) to set a net-zero goal, a move that would please Western countries pushing for stronger climate commitments but won't require it to sell less oil.
ICR Integrity, of Aberdeen, remained in the red in 2019-20, but the energy service firm’s “resilience” during the Covid-19 pandemic has given its bosses encouragement.
Energy services firm Proserv has scooped up Dron & Dickson’s Middle East based trade and assets.
Saudi Aramco, the world’s biggest energy company, is selling $6 billion of bonds in its first dollar-denominated Islamic bond sale.
Shell North Sea boss Steve Phimister is moving to the Middle East as part of a new role with Petroleum Development Oman (PDO).
A Norwich-headquartered offshore engineering solutions firm has secured its largest riser analysis deal to date.
The pathways for economic recovery post Covid-19 offer plenty of opportunity for hope and potential for growth, as well as greater gender inclusivity.
A family-run oil and gas firm in Aberdeenshire is celebrating its best year in business, 22 years since first setting up shop.
Energy services giant Petrofac has secured a one-year contract extension worth around $80 million (£57m) with a “key client” in Iraq.
Malaysia’s Petronas and United Arab Emirates-based Abu Dhabi National Oil Company (ADNOC) are exploring opportunities to collaborate in the exploration, development and production of Abu Dhabi’s resources.
Abu Dhabi-based Masdar and Malaysia’s Petronas will work together to pursue renewable energy and green hydrogen projects across Asia and the Middle East.
Yemen’s Houthi rebels said they launched missile and drone strikes against a Saudi Arabian oil facility and a military base, as their attacks on the kingdom’s energy and security installations multiply.
This year is shaping up to be an exciting period for mergers and acquisitions (M&As) in the oil and gas industry, according to Aberdeen-based energy finance expert Mike Beveridge.
Chemical engineering specialist Aubin Group is celebrating a strong start to 2021 with the announcement of a series of contract wins worth more than £12 million.
Drilling service firm MRDS has hired a director to spearhead its growth plans in the Middle East and North Africa (MENA).
Abu Dhabi government institutional investors are paying $2.1 billion for a stake in a natural gas pipelines unit run by Abu Dhabi National Oil Co.
Aberdeen-headquartered KCA Deutag has announced the award of contract extensions worth more than $150m (£115million) in Oman.
The Iranian navy has boarded and briefly seized a Liberian-flagged oil tanker near the strategic Strait of Hormuz amid heightened tensions between Tehran and the US, an American military official said.
A historic crash in oil prices and fallout from the coronavirus pandemic will accelerate asset sales in the Middle East and open up a gap for sovereign wealth funds to make “opportunistic investments,” according to HSBC Holdings Plc.