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Saudi Arabia’s Minister of Energy - OPEC

Business & Finance

OPEC & allies agree to boost output from August and phase out cuts in September 2022

OPEC and allies have agreed to increase oil production starting from August 2021 with plans to end production cuts by end of September 2022.

about 5 years ago

DSME will build a platfrom for the Al-Shaheen field off Qatar

Business & Finance

DSME wins $635 million order to build platform for Qatar’s giant oil field

South Korea’s DSME has been awarded a contract to deliver an offshore crude oil production platform for Qatar’s largest oil field.

about 5 years ago

Business & Finance

World’s recoverable oil resources take a hit, Rystad says

The world’s remaining recoverable oil resources are now seen as 9% slimmer but the commercial volumes can keep global warming below 1.8˚C.

about 5 years ago

Business & Finance

Schlumberger and Halliburton win big as ADNOC dishes out $763.7 million in new deals

UAE’s oil and gas giant ADNOC is making an investment of $763.7 million in integrated rigless services on six of its artificial islands.

about 5 years ago

Business & Finance

ADNOC, Honeywell, Sasol, Wood join Hydrogen Council

Abu Dhabi National Oil Company (ADNOC), Honeywell, Sasol, and Wood have joined the Hydrogen Council along with ten more companies – two of which are new investors.

about 5 years ago

Business & Finance

Suez Canal annual revenue hits record $5.84bln despite Ever Given blockage crisis

Egypt’s Suez Canal revenue increased to $5.84 billion in its 2020-21 fiscal year (July-June), the Suez Canal Authority announced.

about 5 years ago

Business & Finance

In focus: Bridging the gaps in hydrogen technologies

A collection of energy transition-related updates across the industry was heavily focused on hydrogen and its role in reaching net-zero goals.

about 5 years ago

Business & Finance

Hot streak for Valaris continues with new Saudi Aramco deal

The trend of winning new deals and extensions continues for offshore drilling contractor Valaris following another extension for one of its jack-up rigs.

about 5 years ago

Business & Finance

DP World pens $80 million lease agreement for chemical terminal

DP World, UAE Region, has signed a 30-year lease agreement with chemical distributor Petrochem Middle East for the expansion of a chemical distribution terminal.

about 5 years ago

Business & Finance

In focus: Heating up the energy transition

The latest developments from the offshore energy industry related to the ongoing energy transition.

about 5 years ago

Business & Finance

Another year added to Vantage rig contract

Vantage Drilling has secured an additional year of contract for a jack-up unit while two other jack-up rigs have started their gigs.

about 5 years ago

Business & Finance

All 13 GMS vessels under contract after hat-trick award

Following the award of three new contracts, Gulf Marine Services (GMS) now has all 13 vessels in its fleet under contract.

about 5 years ago

Business & Finance

Valaris scores jack-up extension in Saudi Arabia

Offshore drilling contractor Valaris Limited has been awarded an extension for one of its jack-up drilling rigs in Saudi Arabia.

about 5 years ago

Business & Finance

Monjasa expands supply services across all RAK Ports

Denmark-based bunker supplier Monjasa has partnered up with RAK Ports, to support the increasing demand for fuel supply in the Middle East.

about 5 years ago