Offshore Middle East News - page 9

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…

Leviathan Field Partners Start Plans for Israeli Floating LNG Unit

Feb 21, 2023

Partners in the Leviathan gas field in the eastern Mediterranean have approved nearly $100 million of spending on preparation for expansion that includes a floating liquefied natural gas (LNG) terminal off the coast of Israel, the companies said on Tuesday…

Capricorn Energy Cancels Merger with NewMed Energy Following Shareholder Pressure

Feb 15, 2023

British oil and gas producer Capricorn Energy on Wednesday pulled the plug on its planned merger with Israeli gas group NewMed Energy after months of shareholder pressure that also toppled Capricorn's leadership.Activist investor Palliser and…

UAE's ADNOC Delivers First LNG to German Floating LNG Terminal

Feb 15, 2023

German utility RWE's trading arm received its first cargo of liquefied natural gas (LNG) at Brunsbuettel port from Abu Dhabi National Oil Company (ADNOC) on Wednesday, saying the gas will be fed into to onshore pipelines from the end of this month…

History Made: Energean Announces First Ever Israeli Crude Oil Export

Feb 14, 2023

Oil and gas company Energean on Tuesday announced the first ever lifting of an Israeli crude oil cargo had taken place at Energean's Karish offshore field. 'For the first time in the history of Israeli oil & gas production, hydrocarbon liquids will be exported to global markets…

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