ADNOC Gas, a subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), has signed off on a multi-year liquefied natural gas (LNG) agreement with India’s Hindustan Petroleum Corporation Limited (HPCL).
Chevron Mediterranean Limited (CML), a subsidiary of the U.S.-headquartered Chevron, and its partners have given the green light for a planned expansion of gas export capacity from a giant natural gas field project off the coast of Israel.
Italy-headquartered engineering, drilling, and construction services giant Saipem has booked Rana Subsea, a subsidiary of Next Geosolutions (NextGeo), for an assignment in the Middle East. NextGeo has now strengthened its fleet with a new vessel specifically designed for the execution of complex sub
ARO Drilling, a 50/50 joint venture between Valaris and Aramco in Saudi Arabia, has made arrangements to equip nine rigs with artificial intelligence (AI) monitoring technology from ALTAVE, a technology player specializing in the development of AI solutions for monitoring and securing complex operat
Saipem’s jack-up rig Perro Negro 7 is set to resume operations in Saudi Arabia this month, after the contract it had secured in 2011 was temporarily suspended in 2024. Saipem won the contract for Perro Negro 7 in 2011 and secured an extension in June 2023 for ten years. The contract was temporarily
France’s TotalEnergies, Italian Eni, and QatarEnergy have signed an agreement with the Lebanese government to enter an exploration permit offshore Lebanon. The consortium’s initial work program on Block 8 consists of the acquisition of a 1,200 km2 3D seismic survey, in order to further assess the ar
UAE-headquartered marine and offshore services provider Drydocks World Dubai, a part of DP World, has augmented its liquefied natural gas (LNG) conversion portfolio with a new refurbishment task that will allow it to give an LNG carrier a new lease on life as a floating storage unit (FSU).
The UAE’s energy heavyweight Abu Dhabi National Oil Company (ADNOC) has put the pen to paper for its ambition to boost its natural gas arsenal by propelling a gas project off the coast of Abu Dhabi, UEA, into execution phase with a final investment decision (FID).
ADNOC, in partnership with Italy’s Eni and Thailand’s PTT Exploration and Production Public Company (PTTEP), has secured a structured financing transaction of up to $11 billion (AED 40.4 billion) for its multibillion-dollar big sour gas development, which is set on becoming the world’s first project
With the aim of bolstering its liquefied natural gas (LNG) arsenal, Egypt has fortified its bonds with Qatar within the energy and natural gas domains through a memorandum of understanding (MoU) between the Egyptian Natural Gas Holding Company (EGAS) and QatarEnergy, the Persian Gulf state’s heavywe
Against the backdrop of rising greenhouse gas (GHG) emissions, energy security and financial prudence are running the investment policy show, putting the transition to low-carbon and green sources of supply on the back burner, as fossil fuels dominate the energy mix, according to GlobalData, an inte
With market volatility, geopolitics, and policy repercussions expected to be among the key drivers affecting the global energy landscape, Rystad Energy, an energy market intelligence group, has outlined 12 predictions for the year ahead, noting opportunities and challenges that will unfold alongside
Given that the number of players engaged in high-impact (HI) oil and gas exploration operations has been cut in half since 2014, Westwood Global Energy, an energy market research and consultancy firm, has warned about the uncertainty surrounding new hydrocarbon search attempts, while emphasizing the
After the portfolio recalibrations and restructuring marked the oil and gas industry’s landscape in 2025, Wood Mackenzie, an energy intelligence group, has outlined that the trend will continue in 2026, with oil and gas corporates expected to face “an even tougher strategic balancing act” this year.
