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North field off Qatar; Source: QatarEnergy LNG

Business & Finance

Saipem picks Chinese player for Qatar-bound offshore gas platform

Saipem has hired China’s Bomesc to build a compression facility for an offshore natural gas project off the northern coast of Qatar.

about 3 years ago

Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs, President and CEO of QatarEnergy; Source: QatarEnergy

Business & Finance

QatarEnergy CEO sees natural gas as ‘indispensable’ not just for energy transition but also after 2050

The CEO of QatarEnergy has spotlighted the role of natural gas in the evolving energy landscape and the energy transition era.

about 3 years ago

Business & Finance

QatarEnergy LNG awards CO2 sequestration deal to Worley

Australia’s engineering company Worley has secured a contract with Qatargas, which recently rebranded to QatarEnergy LNG, to provide front-end engineering design (FEED) services for a CO2 sequestration project in Ras Laffan, Qatar. According to Worley, the contract covers the FEED study and engineer

about 3 years ago

Amin H. Nasser, Saudi Aramco President & CEO; Source: Saudi Aramco

Business & Finance

Aramco CEO: Widening gap in global energy transition lays bare need for ‘more realistic and robust’ multi-source plan

Aramco’s CEO has called upon world leaders and energy players to devise concrete transition steps in a bid to ensure a just transition and avert a potential energy crisis, as a result of a premature phasing out of fossil fuels.

about 3 years ago

Illustration; Source: International Energy Agency (IEA)

Business & Finance

Coming to grips with a mixed bag of energy transition expectations

As COP28 nears, concerns surrounding climate change are heating up and the pressure on the oil and gas industry is mounting day in, day out.

12 minutes read

Business & Finance

Fluxys forms hydrogen partnership with Oman’s OQGN

Belgium’s energy infrastructure company Fluxys has strengthened its partnership with Omani state-owned transmission system operator OQ Gas Networks (OQGN) to explore areas of strategic cooperation in the development of Oman’s hydrogen and CO2 infrastructure. Following an invitation to become an anch

about 3 years ago

Business & Finance

Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’

OPEC, a permanent intergovernmental organisation of 13 oil-exporting developing nations that coordinates and unifies the petroleum policies of its members, is convinced that the recent assertions about the fossil fuels – coal, oil, and gas – demand peaking before 2030 are not supported by “consisten

about 3 years ago

Business & Finance

Ocean Oilfield begins maintenance and upgrade work on GMS’ jack-up barge

Ocean Oilfield Integrated Solutions has started its new maintenance and upgrade assignment on a jack-up barge, which was awarded by the UAE-headquartered Gulf Marine Services (GMS).

about 3 years ago

Illustration; Source: Qatargas, now QatarEnergy LNG

Business & Finance

Qatargas rebrands to spotlight LNG’s ‘critical’ role in energy security and low-carbon transition

Qatargas has changed its name to reflect its future vision and strategy for the country’s liquefied natural gas (LNG) sector.

about 3 years ago

Business & Finance

UMAS: IMO’s 2030 and 2040 targets are ‘very close’ to 1.5°C pathway and spell the end of fossil-fuelled shipping

A recent analysis by UK-based maritime consultancy UMAS has shed light on the alignment of the Revised IMO GHG Strategy with science-based targets, which will require a strong and rapid response from national and regional governments as well as corporations alike. Failure to do so could relegate the

about 3 years ago

Business & Finance

In focus: Road to net zero has become much bumpier

Weening the world off fossil fuels and developing clean alternatives was bound to be hard even in perfect circumstances, but the latest global developments are bringing into question if any of the current efforts to decarbonize and reach net zero are even achievable in the given time-frames. Case in

about 3 years ago

Business & Finance

‘Demonisation’ of oil & gas seen as misleading: Is CO2 the main culprit responsible for climate change or the sun?

Three new research papers point a potential finger at the changes in solar activity as the primary cause of climate change.

13 minutes read

Business & Finance

ADNOC Gas strikes $450-550 million LNG supply deal with PetroChina

UAE’s integrated gas processing company ADNOC Gas has signed an agreement, valued between $450 million (AED 1.65 billion) and $550 million (AED 2 billion), to supply liquefied natural gas (LNG) to PetroChina International (PCI), a subsidiary of oil and gas company PetroChina. ADNOC Gas said that LNG

about 3 years ago

Business & Finance

ADNOC powers decarbonisation drive with electrification and CCUS while curbing methane and boosting energy efficiency

ADNOC is rolling up its sleeves to deliver more energy with lower emissions by employing various decarbonisation levers.

about 3 years ago