Offshore Middle East News - page 9


ADNOC Drilling to Provide Drilling Services for ADNOC's Largest Producing Offshore Field

Apr 14, 2023

ADNOC Drilling has won a five-year contract for the provision of Integrated Drilling Services (IDS) totaling $412 million from ADNOC Offshore starting in the second quarter of 2023.ADNOC Drilling will provide IDS for the development of the Upper Zakum field…

Fugro's Pegasus Becomes First Registered Over-The-Horizon USV in UAE

Apr 13, 2023

Fugro's Blue Essence-series uncrewed surface vessel (USV), the Fugro Pegasus, has received full navigation licensing from the UAE Ministry of Energy and Infrastructure, the Dutch offshore survey firm said Thursday.This is the first registration of an over-the-horizon USV in the country…

China's Sinopec Becomes First Asian Shareholder in Qatar's NFE Project

Apr 12, 2023

Qatar's state-owned energy firm QatarEnergy has signed a definitive partnership agreement with China Petrochemical Corporation (Sinopec) for the North Field East (NFE) expansion project, dubbed the largest project in the history of the LNG industry…

Vahana Aryan Becomes First Jack-up Unit to Receive DNV's Abate-Ready Notation

Apr 05, 2023

Dubai-based Vahana Marine Solutions DMCC's Vahana Aryan vessel has become the first jack-up unit to receive DNV’s Abate-Ready notation. According to DNV, the Abate notation is designed to assist the owners and operators of offshore units to…

Larsen & Toubro Wins "Mega" Contract to Build Offshore Facilities for Middle East Client

Apr 05, 2023

India-based Larsen & Toubro said Wednesday that its hydrocarbon business L&T Energy Hydrocarbon (LTEH) had recently secured multiple offshore packages from 'a prestigious client in the Middle East.'The scope of work comprises engineering, procurement…

QatarEnergy Taps Baker Hughes for Supply of MRCs for North Field South Project

Apr 03, 2023

Baker Hughes has secured an order from QatarEnergy to supply two main refrigerant compressors (MRCs) for the North Field South (NFS) project, which will be executed by Qatargas. The MRCs are part of two LNG “mega trains” representing 16 million…

QatarEnergy Picks Up Stakes from Exxon in Canadian Offshore Blocks

Mar 29, 2023

Qatar's state-owned energy company on Wednesday signed a deal to acquire from ExxonMobil stakes in two Canadian offshore explorations block, the latest in the Gulf state's efforts to expand its global oil and gas portfolio.QatarEnergy, the world's largest producer of liquefied natural gas (LNG)…

BP and ADNOC Offer $2B to Jointly Acquire 50% Stake in Israeli Offshore Gas Producer

Mar 28, 2023

BP and Abu Dhabi's state oil giant ADNOC on Tuesday made an offer to acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2 billion.The offer would involve acquiring NewMed's free floating shares and taking the company…

ADNOC Eyes June Listing of Marine & Logistics Unit

Mar 24, 2023

State oil giant Abu Dhabi National Oil Co (ADNOC) plans to float its marine and logistics subsidiary in the coming months, two sources said, the second initial public offering of one of its businesses this year.ADNOC, which raised $2.5 billion from listing its gas business in March…

Edison Plans Final Investment Decision on East Mediterranean Gas Pipeline to Europe By End of Year

Mar 20, 2023

Energy group Edison plans to take the final investment decision on a proposed pipeline to deliver east Mediterranean gas to European markets by the end of this year, the Italian project developer told Reuters. The EastMed-Poseidon pipeline,…

Wärtsilä Signs Five-year Vessel Maintenance Deal with Abu Dhabi's NPCC

Mar 13, 2023

Finland-based marine technology company Wärtsilä has signed a five-year vessel maintenance deal with Abu Dhabi-based firm National Petroleum Construction Company (NPCC).Wärtsilä said that the agreement covered seven vessels in the NPCC fleet and was designed to maximize operational uptime…

Saudi Aramco Posts Record Profit of $161.1B in 2022

Mar 13, 2023

Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher energy prices, increased volumes sold, and improved margins for refined products.The profits, which are around triple that of Exxon's $56 billion…

Saudi Aramco CEO Will Not Attend Houston Energy Conference

Mar 06, 2023

The chief executive of Saudi Arabian state oil company Aramco will not attend an energy conference organized by S&P Global [this] week, the event's updated schedule showed.Amin Nasser, head of the world's largest oil company, had been listed as delivering a keynote address at CERAWeek…

Oil Prices Drop after Report on UAE Debating OPEC Exit

Mar 03, 2023

Oil prices slumped on Friday after the Wall Street Journal reported that the United Arab Emirates had an internal debate about leaving the Organization of the Petroleum Exporting Countries and pumping more oil.Brent crude futures fell $1.57…

Cepsa Sells its Interests in UAE Oil Concessions to TotalEnergies

Mar 02, 2023

Spanish firm Cepsa has agreed to sell its exploration and production business in the United Arab Emirates to the French oil major TotalEnergies.The assets being sold include Cepsa’s 20% participating interest in the Satah Al Razboot, Umm Lulu…

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