Saudi oil and gas giant Saudi Aramco has awarded a contract for an offshore project to UAE’s NPCC worth around $2.2 billion.
QatarEnergy has awarded a major EPCI contract for the offshore scope of its North Field Expansion Project to McDermott.
S&P Global Platts Analytics expects the Middle East to struggle to reach net-zero targets as emissions from oil & gas are expected to rise.
An analysis of oil and gas discoveries in 2021 by Rystad has revealed that discovered volumes are on track to hit lowest level in 75 years.
Two United Arab Emirates-controlled oil and gas giants have revealed a $3.6 billion project to decarbonise offshore operations.
Vantage Drilling and ADES are taking their relationship to the next level following an agreement under which Vantage will sell three of its jack-ups to ADES.
French energy major TotalEnergies has signed a series of agreements with the Sultanate of Oman for the development of low-carbon natural gas projects, including Marsa LNG establishment.
GMS has won two new contracts for two of its large-size class vessels and expressed hopes for higher rates and improved fleet utilisation.
An unprecedented race for ocean space is on the horizon driven by the exponential growth of offshore wind power. It is expected that by 2050 offshore wind will overtake the oil and gas sector and receive the largest investments in the Blue Economy while the oil and gas industry will shrink to only 2
Wood Mackenzie believes that the oil and gas sector will continue to rebound in 2022, but the positive outlook will be tempered.
QatarEnergy has entered into agreements with Shell to acquire interests in two exploration blocks in the Egyptian side of the Red Sea.
Lamprell has appointed a former COO of Vestas as an independent non-executive director after its current one tendered his resignation.
Wood has secured a contract with Saudi Aramco to deliver services for two of its oilfields in Saudi Arabia.
Injazat and Lamprell have appointed a CEO of their JV to progress their digital strategy, while also generating new revenue streams.
