Oil and gas company Masirah Oil has started production from the third development well drilled in the Yumna field located in Block 50 offshore Oman.
The world’s oil and gas industry’s production will peak lower and earlier than expected before the 2020 market crisis, a Rystad Energy analysis shows.
Oil and gas company Mubadala Petroleum, a subsidiary of Mubadala Investment Company, has appointed Mansoor Mohamed Al Hamed as its CEO.
Sapura Energy subsidiaries and joint venture have been awarded contracts and contract extension with a combined value of about $457.5 million.
ADNOC has signed an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 4 to Japan’s Cosmo Energy.
State-owned oil companies could waste around $400 billion on investments in the next decade on new oil projects that will struggle to turn a profit as the world shifts away from fossil fuels, NRGI said in its latest research.
Kentech has made a move to buy SNC-Lavalin’s oil and gas business in an effort to accelerate its growth strategy and address the energy transition.
LNG giant Qatar Petroleum has taken the final investment decision for developing the North Field East Project (NFE).
Drilling of high-impact wells in 2020 suffered at the hands of the pandemic, but the overall results were nevertheless positive, Rystad Energy reveals.
Coastal Contracts and its partner JUB Pacific are entering the liftboat business with plans to pursue expansion in the oil and gas as well as venturing into the offshore wind market.
Oil and gas company Masirah Oil has started production from the second development well drilled in the Yumna field, which is located offshore Oman.
Abu Dhabi Ports’ maritime arm Safeen has recently signed an agreement with Allianz Marine & Logistics Services (AMLS) to launch a new international provider of integrated maritime logistic services.
French shipbuilder Piriou has a fast personnel and supply vessel (FPSV) to Jana Marine, a Saudi Arabian provider of marine services to the offshore oil and gas industry.
The oil and gas industry expects to boost investment in the energy systems of the future this year as companies seek to transform for the long term, DNV GL said.
