Qatar’s liquefied natural gas (LNG) producers Qatargas and RasGas have reportedly started laying off staff as part of the plan to cut operating costs.
Natural gas is the ‘ideal solution’ to the climate change issue, according to Qatar’s minister of energy, Mohammad Bin Saleh Al-Sada.
An Indian captain was left to his own devices for a year on board an oil tanker Hamed 2, which was abandoned by its owner in the waters of the United Arab Emirates. Nirmal Singh Rawat, 27, revealed in an interview with the GulfNews, that he was left without basic provisions and even drinking water [
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One Greek and four Indian oil and gas companies submitted bids for exploration acreage offshore Israel. Israel’s Energy Ministry on Thursday said that bids were submitted by Greece’s Energean, and a consortium of Indian companies that includes ONGC Videsh Limited, Bharat Petro Resources Limited, Ind
Oil shouldn’t be written off too early, despite the expected sharp rise in gas and renewables over the next 25 years. This is according to the International Energy Agency which forecasts that over the next 25 years, the growing energy needs will be met by renewables and gas first. In its World Energ
The recovery of the tanker market forecast to start next year and give the much-needed boost to company earnings seems to be far-off due to the lingering effect of tonnage oversupply. According to Fitch Ratings, a glut of new vessel deliveries and limited scrapping of older ships means the global ta
The Government of the Sultanate of Oman, OOCEP, and Eni have entered into an exploration and production sharing agreement for Block 52 off Oman.
ADNOC, ExxonMobil and Japan’s Inpex have made an agreement to increase production capacity from the Upper Zakum oil field to one million barrels per day by 2024.
French shipbuilder Piriou has delivered another fast personnel and supply vessel (FPSV) to Jana Marine, a Saudi Arabian provider of marine services to the offshore o&g industry. The FPSV named Jana 18 was delivered six months after the delivery of its sister vessel, the Jana 17 which was delivered t
Japan’s Mitsui will form a joint venture with BW Group to jointly own the Floating Storage and Regasification Unit (“FSRU”) BW Integrity, set to operate in Pakistani waters. According to Mitsui, the deal is expected to close as soon as the payment for the 49% stake is completed. This deal is the fir
Eni of Italy has signed an exploration and production sharing agreement for Block 52 offshore Sultanate of Oman. The block is an underexplored area with approximately 90,000 square kilometers of hydrocarbon potential that sits off the coast of southern Oman, Eni said in a statement on Monday. Eni Om
Fugro’s newly-named vessel Kobi Ruegg has joined the company’s fleet and is set to begin its first project on the Eni-operated Zohr field in the Egyptian sector of the Mediterranean Sea.
The closure of Yemeni ports by the Saudi-led coalition is heating up tensions in the region as Houthi movement threatens to target commercial ships in the region as a sign of retaliation. “The battleships and oil tankers of the aggression and their movements will not be safe from the fire of Yemeni
