With data showing the availability of proven reserves for only 14 years of current production, Rystad Energy, an energy market intelligence group, has pointed out that in a scenario where oil demand is on the rise, supply may struggle even with high prices, but if the energy transition gets a boost,
EnerMech, an Aberdeen-headquartered integrated solutions specialist, has landed a multi-year contract extension in the Middle East with Dubai Petroleum, a UAE-based oil and gas operator.
Two new liquefied natural gas (LNG) carriers are joining the fleet of QatarEnergy, as part of its massive LNG shipbuilding expansion quest.
Abu Dhabi National Oil Company (ADNOC) has signed a long-term liquefied natural gas (LNG) sales and purchase agreement (SPA) with the state-owned Indian Oil Corporation.
As part of its goal to become a full-service partner across the energy lifecycle, Dubai-headquartered engineering and services company Kent has signed a binding agreement to acquire Exceed (XCD) Holdings Limited, a Scottish provider of well management, subsurface and decommissioning engineering serv
Santos is facing a multi-week extension of the deadline for the negotiations surrounding an $18.7 billion non-binding indicative offer made by a consortium spearheaded by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which entails Abu Dhabi Development Holding Company (ADQ) and global
A joint venture encompassing Japanese shipping companies NYK and Kawasaki Kisen Kaisha (K Line), Malaysia’s energy-related maritime services provider MISC, and China LNG Shipping (Holdings) Limited (CLNG) has taken delivery of a new liquefied natural gas (LNG) carrier built for QatarEnergy, as part
U.S.-headquartered offshore engineering and construction player McDermott has signed a memorandum of understanding (MoU) with Aize to employ the latter’s digital twin solutions across its Middle Eastern operations. As explained, the strategic MoU is aimed at driving operational efficiency throughout
UAE-headquartered Mubadala Energy, a wholly-owned subsidiary of Mubadala Investment Company owned by the government of Abu Dhabi, has closed the acquisition of an interest in a subsidiary of energy-focused alternative asset manager Kimmeridge.
Israel’s NewMed Energy and its partners in a gas project in the Mediterranean Sea have signed an amended agreement with Egypt’s Blue Ocean Energy (BOE) to significantly expand the export of natural gas from Israel to Egypt.
The Netherlands-headquartered Fugro is set to perform site investigations for Italy’s energy giant Eni in Indonesia under its largest-ever award in the Asia Pacific (APAC) region. In its latest financial results report, Fugro revealed it had been tasked with a site characterisation program for the d
UAE-based Shelf Drilling has won a short-term contract for one vessel from its fleet and secured an extension for another one.
A subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has signed an agreement with UAE-headquartered offshore drilling contractor Shelf Drilling to acquire the latter.
Two European energy giants, the UK-headquartered BP and Italy’s Eni, have signed on the dotted line to pursue hydrocarbon exploration activities in the Mediterranean Sea, which will lend Egypt a helping hand in augmenting the Middle Eastern country’s oil and gas production volume.
