Offshore Middle East News


OEG Strengthens Oil and Gas Services Offering in Qatar

few minutes ago

Energy solutions company OEG has finalized an evergreen agreement with Al Nasr Holding Co., to enhance support for the oil and gas, petrochemical, and industrial sectors in Qatar.The agreement further reinforces the company's strategic partnership with Venture Gulf Engineering (VGE)…

Iran’s Top Security Body to Weigh In on Strait of Hormuz Closure

Jun 23, 2025

Iran's Supreme National Security Council must make the final decision on whether to close the Strait of Hormuz following U.S. bombing raids, Iran's Press TV said on Sunday, after parliament was reported to have backed the measure.Iran has long used the threat of closing the Strait…

Egypt Still on Hold as Israel Resumes Limited Gas Exports

Jun 20, 2025

Israel has resumed limited natural gas exports from surplus supplies, the country's Energy Ministry said on Thursday, nearly a week after shutting down two key offshore fields as Israel and Iran waged an air battle.A ministry spokesperson told Reuters that exports are now resuming 'from surpluses…

Vallourec to Deliver Tubular Solution for Qatar’s Drilling ops

Jun 19, 2025

French tubular solutions supplier Vallourec has secured a large contract to supply Oil Country Tubular Goods (OCTG) for drilling operations in Qatar, valued at over $50 million in potential revenue.The agreement includes the supply of carbon steel OCTG products with premium connections…

Aramco CEO: Realism Must Anchor Global Energy Transition, Especially in Asia

Jun 16, 2025

Aramco President & CEO Amin H. Nasser used his address at Energy Asia 2025 to deliver a pointed message: the global energy transition must be rebalanced with pragmatism, especially for fast-growing regions like Asia that are still heavily reliant on conventional energy…

ADNOC-Led Consortium Makes $18.7B Bid to Buy Australia’s Santos

Jun 16, 2025

Australia's second-largest gas producer Santos said on Monday it intended to support an all-cash $18.7 billion takeover bid from an international consortium led by Abu Dhabi's National Oil Company (ADNOC), which wants to grow a global gas business…

Commodity Report: Meeting Oil Demand a Challenge if Israel Hits Iran Oil

Jun 13, 2025

Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days this week.After Israel attacked Iran and Tehran pledged to retaliate, oil prices jumped as much as 13% to their highest…

ADES Secures Jack-Up Drilling Rig Contract in West Africa

Jun 03, 2025

Saudi oil and gas drilling contractor ADES Holding has secured a contract with Addax Petroleum, part of Sinopec Group, for its Admarine 510 jack-up drilling rig, which will be put to work offshore Cameroon in West Africa.The contract is expected to begin in the fourth quarter of 2025…

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

May 30, 2025

Austrian oil and gas firm OMV has signed an agreement with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest its stake in a sour gas development offshore the United Arab Emirates (UAE).OMV has agreed the sale of 5% stake in the…

Kuwait, Saudi Arabia Make Oil Discovery in Neutral Zone

May 27, 2025

Kuwait and Saudi Arabia have made a new oil discovery in the Neutral Zone, which contains jointly operated oil fields between the two countries, Saudi state news agency (SPA) reported, citing a joint announcement.It is the first discovery since…

Aramco, ADES Ink 10-Year Contract Renewal for Previously Suspended Jack-Up Rig

May 19, 2025

Saudi oil and gas drilling contractor ADES Holding has signed a contract renewal with Aramco for one of its previously suspended offshore jack-up.The unit was among the suspended rigs that were previously operating in the Kingdom of Saudi Arabia…

ADNOC Finds Partner for Oil and Gas Well Completion Solutions

May 19, 2025

ADNOC has signed a strategic partnership agreement with Tubacex, a global leader in advanced tubular solutions, securing exclusive rights to use Tubacex’ tubular joint connection technology which is critical for completing oil and gas wells…

ADNOC Partners with ExxonMobil, Occidental to Boost UAE Oil and Gas Capacity

May 16, 2025

ADNOC has signed agreements with ExxonMobil to expand the capacity of United Arab Emirates (UAE) Upper Zakum field, and with Occidental to explore increasing Shah Gas field’s capacity, as part of multiple strategic agreements that could potentially enable $60 billion of U…

Aramco Inks Multiple Deals with US Firms Worth $90B

May 15, 2025

Aramco, one of the world’s leading integrated energy and chemicals companies, has signed 34 memoranda of understanding (MoUs) and agreements, with a potential total value of approximately $90 billion, with major U.S. companies.The MoUs and agreements…

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