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Oil & Gas

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ADNOC buying stake in Austrian oil and gas firm
Oil & Gas

ADNOC starts new business venture ADNOC Gas

Abu Dhabi National Oil Company (ADNOC), a provider of lower-carbon intensity energy, has established ADNOC Gas, a new world-scale gas company that will combine the operations, maintenance, and marketing of the ADNOC Gas Processing and ADNOC LNG businesses into one global consolidated business. The n

about 3 years ago
Shell makes headway in global digitalisation of its ops with Kabal’s software
Oil & Gas

Shell makes headway in global digitalisation of its ops with Kabal’s software

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UK-headquartered energy giant Shell has advanced its digitalisation journey through a global agreement with Kabal.

about 3 years ago
Shelf Drilling jack-up rig wraps up drilling assignment off Oman
Oil & Gas

Shelf Drilling jack-up rig wraps up drilling assignment off Oman

Masirah Oil, a subsidiary of Singapore’s Rex International, has completed its drilling campaign off Oman with Shelf Drilling’s jack-up rig.

about 3 years ago
Shelf Drilling secures more work for jack-up rig off Egypt
Oil & Gas

Shelf Drilling secures more work for jack-up rig off Egypt

UAE-headquartered Shelf Drilling has won a contract extension for one of its jack-up rigs for operations off Egypt.

about 3 years ago
UAE’s oil & gas giant earmarks $15 billion for decarbonisation
Oil & Gas

UAE’s oil & gas giant earmarks $15 billion for low-carbon projects

To scale up its decarbonisation efforts by 2030, ADNOC has hammered out a multi-year action plan, allocating $15 bln for low-carbon projects.

about 3 years ago
OMV Yemen changing hands
Oil & Gas

OMV Yemen changing hands

Zenith Energy Netherlands, part of Canadian oil and gas company Zenith Energy, has entered into a share purchase agreement (SPA) with Austria’s OMV Exploration and Production to acquire OMV Yemen. Under the SPA, Zenith Energy Netherlands will, subject to certain conditions, acquire 100 per cent of O

about 3 years ago
2022 in review: Incidents related to offshore oil & gas
Oil & Gas

2022 in review: Some of the major incidents related to offshore oil & gas

Action has been taken to minimise the risks of accidents and improve safety of offshore oil & gas infrastructure, but incidents still occur.

about 3 years ago
Breathing new life into oil rigs
Oil & Gas

Breathing new life into oil rigs

While the oil & gas infrastructure needs to be retired at the end of service life, does this have to be the end for these giant beasts?

about 3 years ago
Offshore oil & gas contractors’ top deals in 2022
Oil & Gas

Round up: Offshore oil & gas contractors’ top deals in 2022

Among the top deals, which have been awarded in 2022 are the ones secured by the U.S.-based McDermott and Italy’s Saipem.

about 3 years ago
Following upgrades, two jack-up rigs kick off their new drilling gigs
Oil & Gas

Following upgrades, two jack-up rigs kick off their new drilling gigs

Arabian Drilling has completed the upgrades on its new offshore rigs, which have now embarked on their new drilling assignments.

about 3 years ago
Two jack-up rigs win long-term deals
Oil & Gas

Two jack-up rigs win long-term drilling assignments

Borr Drilling has secured long-term deals for two jack-up rigs with undisclosed oil and gas companies in the Middle East and Southeast Asia.

about 3 years ago
Japan and Saudi Arabia forge clean energy alliance
Oil & Gas

Japan and Saudi Arabia forge clean energy alliance

Japan and Saudi Arabia have signed memoranda of understanding (MoUs) for cooperation in the areas of circular carbon economy (CCE) and carbon recycling as well as clean hydrogen, ammonia and derivatives. The MoUs were signed during the first ministerial meeting of the Saudi-Japanese Ministerial Dial

about 3 years ago
Deal signed to continue development and production of two Qatari oil fields
Oil & Gas

Deal signed to continue development and production of two Qatari oil fields

QatarEnergy and Japan’s Qatar Petroleum Development Company (QPD) have signed a new agreement for the continued development and production of two oil fields located in Qatar’s territorial waters. Under the five-year deal, QPD, owned by Cosmo E&P and Sojitz, will continue to act as the operator of th

about 3 years ago
ADNOC buying stake in Austrian oil and gas firm
Oil & Gas

ADNOC buying stake in Austrian oil and gas firm

Abu Dhabi National Oil Company (ADNOC) is acquiring a 24.9 per cent shareholding in Austrian oil and gas company OMV from Mubadala Investment Company. Österreichische Beteiligungs AG (ÖBAG), an Austrian independent holding company, holds 31.5 per cent, with the remaining share capital in free float.

about 3 years ago