Middle East
News
March 20, 2023
Abdul Ghani said his country, OPEC’s second largest producer, plans to boost crude oil production to between 5-6 MMbpd or more, while adhering to OPEC’s limits, without further explanation about the timings to do so.
News
March 17, 2023
Biweekly, a new well will be added to the test until all new wells are connected to the testing system. Each well will be completed with PCP pumps before being placed on the test.
News
March 13, 2023
The results were underpinned by stronger crude oil prices, higher volumes sold and improved margins for refined products, while Aramco continues to strengthen its oil and gas production capacity to meet anticipated future demand.
News
March 03, 2023
Investors placed $124 billion of orders for a 5% stake in ADNOC Gas, an oversubscription level of more than 50 times.
News
March 03, 2023
The Wall Street Journal reported earlier that a growing rift with Saudi Arabia means the UAE is having internal discussions about quitting the producer group, a move that could potentially leave it free to lift output.
News
March 01, 2023
TotalEnergies acquired a 20% participating interest in the Satah Al Razboot, Umm Lulu, Bin Nasher and Al Bateel offshore concession. The company also acquired a 12.88% indirect interest in the Mubarraz concession.
News
February 27, 2023
Abu Dhabi National Oil Co. will now offer 3.84 billion shares, or a stake of about 5%, in ADNOC Gas, according to a statement on Monday. It was previously looking to sell 4%.
News
February 23, 2023
The MoU includes methane and decarbonization study tours and workshops for MOPMR employees at Chevron facilities in the U.S. and other locations, to build awareness of methane control technologies, measurement practices and projects to effectively reduce carbon emissions.
News
February 23, 2023
The order book opened on Thursday morning and is now fully covered, according to a message sent to investors and seen by Bloomberg. Several funds, including Abu Dhabi state-linked entities, committed $850 million as cornerstone investors. Among them were also Alpha Dhabi and International Holding Co.
News
February 22, 2023
The government expects oil output to increase by 250,000 bpd once the blocks covered by the agreements start producing, Oil Minister Hayyan Abdul Ghani said on local television on Tuesday.
News
February 20, 2023
Senate Republican Leader Mitch McConnell will meet with Sheikh Mohammed bin Zayed Al Nahyan, the president of the United Arab Emirates, on Tuesday, according to people familiar with their plans.
News
February 17, 2023
Abu Dhabi National Oil Co. will offer a 4% stake in ADNOC Gas, formed through a merger of liquefied natural gas and gas-processing arms. The IPO will start on Feb. 23 and the final offer price will be on March 3, with trading slated to start 10 days later.
News
February 16, 2023
The study will focus on the decarbonization of the LNG terminal in IDKU operated by Shell through capturing and storing the carbon dioxide in a depleted reservoir in the Abu Qir offshore concession operated by Energean.
News
February 15, 2023
Egypt's two LNG terminals on the Mediterranean coast are designed to ship 12 million tons annually, but reaching those levels will depend on Egypt pumping more gas and receiving more flows from Israel.
News
February 13, 2023
MYCELX has secured its second REGEN sale to another National Oil Company in the Middle East for water treatment during Enhanced Oil Recovery production. In addition, the company converted an emergency response project into a longer-term deployment.
News
February 13, 2023
ADNOC Drilling’s revenue for the year increased to $2.67 billion, up a robust 18% compared to 2021. Year-on-year revenue growth was led by the Onshore and Oilfield Services (OFS) segments, while all segments achieved positive year-on-year performance as the company enables ADNOC’s accelerated production capacity target of 5 MMbpd by 2027.
News
February 10, 2023
According to the international shallow water offshore drilling contractor, the contract extension is in “direct continuation” of its current term with Gempetrco for work in in Egypt’s Gulf of Suez.
News
January 31, 2023
According to Ahmad A. Al-Sa’adi, Aramco’s Executive Vice President of Technical Services, Aramco Digital Company will provide “state-of-the-art AI and emerging technology expertise in a vital sector of the economy.”
News
January 30, 2023
As the operator of Block 40, Maha Energy has 65% of the shareholding interest. Mafraq will reimburse Maha for their prorated share of all past costs. Mafraq will also pay for its share of future expenditures on Block 70.
News
January 27, 2023
Libya’s abundance of oil and gas reserves — among the largest in Africa — and its proximity to Europe could make it a key energy supplier to the continent.
News
January 25, 2023
The Rome-based company will sign a deal with Libya’s National Oil Corp. in Tripoli this weekend, NOC Chairman Farhat Bengdara told a local television channel. The fields, located offshore in the Mediterranean, will probably be able to pump 850 Mmcfgd, he said.
