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…
Saudi Arabia's national oil company, Saudi Aramco, said Monday it was, in collaboration with international partners, establishing two offshore fabrication yards that aim to deliver a more than 200 percent increase in Saudi Arabia’s offshore fabrication capacity…
East Mediterranean gas reserves can help ease Europe's energy crunch but require funding from institutions like the European Bank for Reconstruction and Development and the European Investment Bank to realise the area's full potential, an official said on Friday…
Lebanon's caretaker energy minister said on Friday that Qatar has expressed an interest in joining a consortium involving Eni and TotalEnergies that is exploring for oil in the eastern Mediterranean sea.A post on the official cabinet Twitter account…
Singapore's Keppel Offshore & Marine (Keppel O&M), has completed the modification works for four KFELS B Class jack-up rigs which will be deployed on bareboat charters in Saudi Arabia this month.The rigs are being chartered in pairs by Arabian…
Egypt is aiming to take over the development of Gaza's offshore natural gas field, Egyptian and Palestinian officials said, in what would be a boost for the cash-strapped Palestinian economy. While Egypt and Israel have been producing gas in the eastern Mediterranean for years…
Abu Dhabi National Oil Company awarded a contract worth $980 million to ADNOC Drilling to hire two jack-up offshore rigs, the company said on Thursday. The award will support the expansion of ADNOC's production capacity as it responds to the…
Top Israeli ministers on Wednesday endorsed a U.S.-brokered deal to delineate a maritime border with Lebanon, paving the way for a potentially fractious two-week parliamentary review before it goes into force.Prime Minister Yair Lapid's security cabinet said the deal should be 'urgently' green-lit…
Israel and Lebanon have reached 'a historic agreement' on their maritime border, Israeli Prime Minister Yair Lapid said on Tuesday. “This is a historic achievement that will strengthen Israel’s security, inject billions into Israel’s economy…
Offshore drilling firm Shelf Drilling has secured a five-year contract for the recently acquired premium jack-up rig Shelf Drilling Victory for operations in the Arabian Gulf.The contract value for the firm period, including mobilization revenue…
Abu Dhabi National Oil Company (ADNOC) has awarded a $1.53 billion (AED 5.62 billion) contract to ADNOC Drilling, to expand ADNOC’s offshore operations and its objective to increase oil and gas production.ADNOC offshore division ADNOC Offshore awarded the two-year contract…
Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said that three new partners will be entering the North Field South (NFS) project in addition to the partner recently announced, adding that they will be announced in due course…
OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.OPEC's de-facto leader Saudi…
Lebanon and Israel are closer than ever to signing a deal demarcating their maritime border, opening the door to new oil and gas exploration, after years of U.S.-brokered negotiations.While limited in scope, the agreement is set to ease security and economic concerns in both countries…
Oil and gas company Energean said Thursday it had made a commercial gas discovery at the Hermes exploration well in the Mediterranean Sea, offshore Israel.The Hermes exploration well, located in block 31 offshore Israel, has discovered between 7 and 15 bcm of gas…