Offshore Middle East News - page 4


ConocoPhillips Joins QatarEnergy's North Field South Expansion as Final International Partner

Oct 31, 2022

QatarEnergy has selected ConocoPhillips as its third and final international partner in the North Field South (NFS) expansion project. The project comprises two LNG mega trains with a combined capacity of 16 million tons per annum (MTPA).The…

ADNOC CEO Says World Needs Maximum Energy, Minimum Emissions

Oct 31, 2022

Abu Dhabi National Oil Co (ADNOC) Chief Executive Sultan al-Jaber said on Monday that zeroing out hydrocarbon investment due to natural decline could lead to a loss of 5 million barrels of oil per day a year from current supplies. 'The data is clear…

Israel, Lebanon Finalize Maritime Demarcation Deal without Mutual Recognition

Oct 27, 2022

Israeli and Lebanese leaders finalised a U.S-brokered maritime demarcation on Thursday, bringing a measure of accommodation between the enemy states as they eye offshore energy exploration.Leaders from Lebanon, Israel and the United States have…

TotalEnergies Secures Temporary Control of Lebanese Offshore Gas Project -sources

Oct 27, 2022

TotalEnergies and the Lebanese government have reached a deal handing the French oil major temporary majority control of an offshore exploration block and paving the way for negotiations with Qatar over a stake in the gas project, two sources said…

Energean Starts Gas Production from Karish Field Offshore Israel

Oct 26, 2022

Oil and gas company Energean plc said Wednesday it had started gas production at its Karish gas field in the Mediterranean Sea, offshore Israel.'Gas is being produced from the Karish Main-02 well and the flow of gas is being steadily ramped up…

COSL Bags $1,92B Worth of Offshore Drilling Service Deals in Middle East

Oct 25, 2022

Chinese offshore drilling contractor China Oilfield Services Limited (COSL) said Monday it had recently signed several long-term drilling rig service contracts in the Middle East. The contracts are worth around RMB14 billion (~$1,92 billion) in total…

Oil and Gas Trade Should be Depoliticized, Qatar Energy Chief Says

Oct 24, 2022

Saad al-Kaabi, the head of Qatar's state-run energy company, said on Monday all oil and gas trade should be depoliticized, calling for policies to move away from sanctions and anti-free market agreements.The comments by Kaabi, who is also Qatar's minister of state for energy…

Israeli Court Gives Green Light to Lebanon Maritime Deal

Oct 24, 2022

Israel's Supreme Court on Sunday rejected petitions that would have held up a landmark U.S.-brokered deal setting a maritime border with Lebanon, which Washington predicted could be finalized on Thursday. Four groups, including an Israeli opposition lawmaker…

QatarEnergy Names Shell Partner in North Field South Expansion Project

Oct 24, 2022

QatarEnergy's chief executive on Sunday named Shell a partner in the Gulf Arab state's North Field South expansion, part of the world's largest liquefied natural gas (LNG) project. Shell will have a 9.3% share of the project, and QatarEnergy will keep 75%…

VIDEO: AD Ports' SAFEEN Buys Subsea Service Vessel

Oct 21, 2022

AD Ports Group's subsidiary SAFEEN has acquired a support vessel to boost the company's subsea service capabilities.Built in 2014, the vessel, previously known as the Nordic Prince, will operate under the name ‘SAFEEN Surveyor’ and will undergo an extensive conversion prior to starting operations…

ADNOC Says Breaks World Record for Longest Oil and Gas Well Drilled

Oct 20, 2022

Abu Dhabi National Oil Company (ADNOC) said Thursday it had set a new world record for the longest oil and gas well, at its Upper Zakum offshore concession.'Stretching 50,000 feet [15240 meters], the well is around 800 feet [243.84 meters] longer…

Saipem Wins Its Largest-ever Offshore Contract

Oct 20, 2022

Italian energy industry engineering and construction firm Saipem said Thursday it had secured the largest single offshore contract by total value in the company’s history.The company has won a contract with Qatargas for the North Field Production…

U.S. Envoy in Lebanon Next Week with Maritime Deal to Sign

Oct 19, 2022

U.S. energy envoy Amos Hochstein will be in Beirut next week carrying a copy of the maritime agreement with Israel for Lebanese officials to sign, Lebanese negotiator Elias Bou Saab told Reuters on Wednesday. The deal - hailed by all three…

Qatar cuts al-Shaheen Crude Term Price for December - sources

Oct 19, 2022

Qatar Energy has reduced the term price for December-loading al-Shaheen crude oil to a premium of $4.19 a barrel above Dubai quotes after receiving lower bids in its tender, several trade sources said on Wednesday. This was down from a premium of $5…

UAE Energy Minister: No Politics Behind OPEC+ Output Cut Decision

Oct 18, 2022

The United Arab Emirates believes OPEC+ made the correct technical choice when it agreed to cut production and the unanimous decision had nothing to do with politics, energy minister Suhail al-Mazrouei said on Tuesday. His comments came after…

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