Masirah Oil, a 91.81% subsidiary of Rex International, has signed a contract for the Energy Emerger jack-up drilling rig that will be put to work at Yumna Field, offshore Oman.The rig, operated by Northern Offshore, will perform a multi-well program in the offshore Yumna Field in Block 50 Oman…
Qatar's planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals…
Saudi oil giant Aramco has signed 40 corporate procurement agreements worth $6 billion with suppliers in the Kingdom of Saudi Arabia.The agreements aim to advance localization program, strengthen domestic supply chain, and contribute to the…
DP World has signed a partnership agreement with Abu Dhabi Future Energy Company (Masdar) to explore and implement renewable energy systems across its global port operations in the Middle East and Africa.The agreement aims to facilitate the…
Dutch heavy lift shipping and offshore transport and installation contractor Jumbo Offshore has signed a memorandum of understanding (MoU) with Sea Horizon Offshore Marine Services, which will act as its representative in the Middle East region…
Disruption to shipping in the Red Sea region will impact QatarEnergy's deliveries of liquefied natural gas (LNG) but not its production, CEO Saad al-Kaabi said on Monday.'It's only going to take longer to get it there. But it will not reach…
BP and Abu Dhabi National Oil Company (ADNOC) have made an agreement to form a new joint venture (JV) that will focus initially on development of gas interests in Egypt.The JV (51% BP and 49% ADNOC) will combine the pair’s deep technical capabilities…
Offshore drilling contractor Shelf Drilling has approved a management transition plan that will see the current CEO David Mullen step down from the role, with Greg O’Brien taking his position from August 2024.Shelf Drilling has launched a search…
QatarEnergy has entered into a 20-year sale and purchase agreement with Petronet LNG for the supply of 7.5 million tons per annum (MTPA) of liquefied natural gas (LNG) destined to the Republic of India.Pursuant the terms of the sale and purchase agreement (SPA)…
QatarEnergy has awarded the four main Engineering, Procurement, Construction, and Installation (EPCI) contract packages related to the next development phase of the Al-Shaheen field, Qatar’s largest offshore oil field, to increase production by about 100…
The United Arab Emirates' Abu Dhabi National Oil Company (ADNOC) has taken delivery of ADNOC MD 01, the first in a series of two new dive support vessels.The aluminum catamaran was designed by Canadian naval architects Robert Allan Ltd. and…
Saudi Aramco on Tuesday said it was asked to cut its planned maximum sustainable oil production capacity to 12 million barrels a day (bpd), having raised it to 13 million bpd almost four years ago.The move in no way reflects a change of view…
QatarEnergy and Excelerate Energy have signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) for the supply of LNG from Qatar to Bangladesh.Pursuant to the SPA, Excelerate will purchase up to 1 million tons per annum…
British oil major Shell suspended all shipments through the Red Sea indefinitely after U.S. and U.K. strikes on Yemen's Houthi rebels triggered fears of further escalation, the Wall Street Journal reported, on Tuesday, citing people familiar with the decision…
Oil and gas well integrity and production optimization company Coretrax has strengthened its well intervention capabilities after acquiring a complementary suite of technology from Wireline Drilling Technologies.After completing the acquisition and expanding its offering…