Shell North Sea boss Phimister takes job with Petroleum Development Oman
Shell North Sea boss Steve Phimister is moving to the Middle East as part of a new role with Petroleum Development Oman (PDO).
Middle East
Aquaterra Energy bags largest riser analysis contract to date
A Norwich-headquartered offshore engineering solutions firm has secured its largest riser analysis deal to date.
Gulf’s post-Covid recovery must include sustainable development and women’s leadership
The pathways for economic recovery post Covid-19 offer plenty of opportunity for hope and potential for growth, as well as greater gender inclusivity.
Family oil firm in Aberdeenshire celebrates best year in business
A family-run oil and gas firm in Aberdeenshire is celebrating its best year in business, 22 years since first setting up shop.
Petrofac secures contract extension worth £57m for work in Iraq
Energy services giant Petrofac has secured a one-year contract extension worth around $80 million (£57m) with a “key client” in Iraq.
Petronas eyes UAE after signing MoU with ADNOC
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.
UAE’s Masdar hooks up with Malaysia’s Petronas for Asia renewables
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 Houthis strike Saudi military base and Aramco oil depot
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.
Simmons boss says 2021 shaping up to be exciting period for M&A
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.
Aubin Group celebrates new Middle East deals worth £12m
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.
MRDS expands into the Middle East with the appointment of director
Drilling service firm MRDS has hired a director to spearhead its growth plans in the Middle East and North Africa (MENA).
Abu Dhabi funds invest $2.1billion in Adnoc gas pipelines
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.
KCA Deutag wins £115million contract extensions in Oman
Aberdeen-headquartered KCA Deutag has announced the award of contract extensions worth more than $150m (£115million) in Oman.
Iran briefly seizes oil tanker near Strait of Hormuz, says US
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.
HSBC sees oil and coronavirus virus turmoil boosting Middle East deals
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.
Avoiding the pitfalls of Gulf labour market during a downturn
International oil and gas companies operating in the Gulf are well-versed in dealing with fluctuating oil prices.
Middle East, private equity interest a source of hope for oil service sector
Strong interest from the Middle East and private equity houses could provide a glimmer of hope for an ailing UK oilfield service sector, an investment expert has said.
Supply chain threatened with collapse, Woodmac warns
The upstream supply chain “faces the very real threat of collapse”, a new report from Wood Mackenzie has warned, setting the industry on the path of another crisis as demand recovers.
Aberdeen firm Namaka Subsea rises to surface thanks to global reach
Forged in the bitter winds of the 2014 North Sea oil downturn, Namaka Subsea has built itself up from a two-man Aberdeen operation to a 20-strong team spread across three global offices.
‘Major strides’ in US and Middle East bring growth for Craig International
Oilfield procurement specialists, Craig International, has continued to increase its global marketshare with two-thirds of the Aberdeen-headquartered company’s revenues now being generated outside of the UK.
The power of Scotland on show at Adipec
From November 11-14, the eyes of the global energy industry will be firmly fixed on the Abu Dhabi International Petroleum Exhibition & Conference (Adipec).
Experience and innovation: The recipe for successful decommissioning globally
In the 12 short months since my team and I attended Adipec 2018, so much has changed.
Abu Dhabi is vital event for Centrifuges Un-Limited
Oil and gas service company Centrifuges Un-Limited will draw on a successful track record in the North Sea and Middle East as it sets its sights on further global growth opportunities.
Sparrows creates 150 positions in UAE after sealing deals worth £55m-plus
Energy service firm Sparrows Group has created more than 150 new positions in the United Arab Emirates (UAE) after winning contracts worth more than £55 million over the past three months.
Trump claims to have ‘taken control’ of Middle East oil
President Donald Trump prompted a bout of head-scratching when he said the U.S. had control of the Middle East’s oil.