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Oil & Gas

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Fossil EnergyBusiness & FinanceBusiness Developments & ProjectsProject & TendersFPSO & VesselsExploration & ProductionAuthorities & GovernmentRegulation & PolicyMarket OutlooksOutlook & StrategyVesselsRigsLiquefied Natural GasLow-Carbon TransitionTransitionTechnology
COOEC claims its mega order in Qatar breaks the record for the contract value of offshore engineering projects being handled by Chinese companies in the Middle East; Source: COOEC
Oil & Gas

$4 billion oil & gas assignment in Middle East breaks Chinese companies’ record

Qatar’s state-owned oil & gas giant QatarEnergy has entrusted China’s Offshore Oil Engineering Company (COOEC) with two segments of work related to its redevelopment project off the Persian Gulf state’s coast. This package set, worth approximately $4 billion, is said to set a new contract value reco

about 1 year ago
FPSO Energean Power; Source: Energean
Oil & Gas

First gas from Mediterranean phased development on track for 2027

London-based oil and gas player Energean is expecting to bring online in less than two years the first chapter of an area in the Mediterranean, containing a string of gas discoveries made in 2022, as part of a phased development off the coast of Israel.

about 1 year ago
NMDC-ADNOC collaboration agreement signing
Oil & Gas

ADNOC L&S forges partnership to boost UAE’s offshore energy sector

NMDC Group PJSC, a provider of engineering, procurement, construction (EPC), and marine dredging services, has signed an agreement with ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the UAE’s Abu Dhabi National Oil Company (ADNOC), to explore collaboration on del

about 1 year ago
Valaris DS-12 drillship; Source: Valaris
Oil & Gas

BP’s dash for gas: Five-well drilling campaign on Mediterranean’s horizon

BP has taken steps to expand its natural gas arsenal in the Mediterranean Sea by striking a deal with Egypt for a multi-well drilling campaign, which is expected to yield new finds that will prolong the lifespan of existing production facilities in the West Nile Delta.

about 1 year ago
Illustration; Source: ADNOC Gas
Oil & Gas

$250M investment in sight as ADNOC Gas secures global index spot

The shares of ADNOC Gas, a subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), are set to be included in the international equity index FTSE Emerging Index, which is part of the FTSE Russell Global Equity Index Series (GEIS).

about 1 year ago
Courtesy of Astro Offshore
Oil & Gas

Two new additions expand UAE player’s fleet to 44 vessels

Dubai-based offshore vessel operator Astro Offshore, an Adani Group Company, has enlarged its fleet with two platform supply vessels (PSVs), bolstering the UAE-headquartered firm’s fleet versatility.

about 1 year ago
Sapphire Driller rig; Source: ADES
Oil & Gas

ADES jackup gets more time with QatarEnergy

Advanced Energy Systems (ADES), part of Saudi Arabia-headquartered ADES Holding, has signed a multi-year contract extension with the state-owned QatarEnergy for a jackup rig from its fleet.

about 1 year ago
Illustration; Source: Rystad Energy
Oil & Gas

Potential imbalance in oil demand and supply on the cards

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,

about 1 year ago
Courtesy of EnerMech
Oil & Gas

Middle East operator keeping EnerMech busy for two more years

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.

about 1 year ago
Wadi Al Sail LNG carrier
Oil & Gas

Two more LNG newbuilds making their way to QatarEnergy’s fleet

Two new liquefied natural gas (LNG) carriers are joining the fleet of QatarEnergy, as part of its massive LNG shipbuilding expansion quest.

about 1 year ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Oil & Gas

Fresh supply deal set to make Indian firm ADNOC’s biggest LNG customer

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.

about 1 year ago
Illustration; Source: Santos
Oil & Gas

$19 billion Santos takeover in limbo: Four-week deadline extension looms as talks continue

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

about 1 year ago
Al Zuwair LNG vessel; Source: NYK
Oil & Gas

QatarEnergy’s LNG carrier fleet becomes one vessel richer

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

about 1 year ago
A man sitting behind a desk looking at an illustration of a vessel on two computer screens
Oil & Gas

McDermott teams up with Aize to deploy digital twin tech across Middle Eastern assets

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

about 1 year ago
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