The conviction of Ziad Akle, a former Unaoil executive jailed last year for bribery, has been quashed and the UK Serious Fraud Office (SFO) was accused of a 'serious failure' in a damning judgment by London's Court of Appeal.Senior judges refused an SFO request for a retrial for the 46-year-old…
Abu Dhabi National Oil Company (ADNOC) has awarded Technip Energies a contract to update the Front-End Engineering Design (FEED) for the Ghasha mega project including accelerating the integration of carbon capture into the development.This project…
Offshore construction and installation company McDermott has secured three new deals with Saudi oil giant Saudi Aramco.The contracts are for engineering, procurement, construction, and installation (EPCI) projects in Saudi waters.'In total,…
Energy industry engineering services firm Wood said Tuesday it had secured a multi-million dollar contract with Saudi Aramco.The contract, of unspecified value, is for the delivery of engineering and project management services for the Safaniyah and Manifa oil fields in the Kingdom of Saudi Arabia…
Saudi Arabian national oil company Saudi Aramco has awarded a contract extension to Australian engineering firm Worley’s services for support on Saudi Aramco’s offshore facilitiesUnder the contracts, Worley will continue to provide project management…
Abu Dhabi's Mugharraq Port has been recognized as an international port facility under the provisions of the International Code for the Security of Ships and of Port Facilities (ISPS Code), AD Ports Group announced on Sunday.The port, located in the Al Dhafra region…
Halliburton has not proposed buying Exxon Mobil's stake in Iraq's West Qurna 1 oilfield, a spokesperson for the U.S. oil services company said on Wednesday, denying comments from a senior official from Iraq's Basra Oil Co. (BOC).'We are not…
Abu Dhabi National Oil Company (ADNOC) announced on Wednesday a $127 billion capital spending plan for 2022-2026, as it reported an increase in the United Arab Emirates' (UAE) oil and natural gas reserves.The state-owned company said national…
Iran, Turkmenistan, and Azerbaijan have signed a gas swap deal for up to 2 billion cubic meters (bcm) per year, Iranian state news agency IRNA reported on Sunday.Under the swap deal, Iran will receive gas from Turkmenistan and deliver an equivalent amount to Azerbaijan at the Astara border…
Lebanon re-launched a second offshore oil and gas licensing round for eight remaining blocks on Friday, with the deadline for submission of bids set for June 15, 2022, the Lebanese Petroleum Administration said on its website.The round was initially…
The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude…
Oilfield services and energy tech firm Baker Hughes has entered a partnership with AIQ, an artificial intelligence JV between the Abu Dhabi National Oil Company's (ADNOC) with Group 42 (G42). The partners will collaborate to create advanced analytics solutions for the global oil and gas industry…
The Abu Dhabi National Oil Company (ADNOC) has awarded two engineering, procurement and construction (EPC) contracts totaling $1.46 billion (AED5.36 billion) for the Dalma Gas Development Project offshore Abu Dhabi.The Dalma field is part of…
Hiber, a company that describes itself as the satellite-enabled IoT scale-up, is bringing its HiberHilo remote well-integrity monitoring technology in the Middle East to assist oil and gas operators in the region in monitoring their remote wells via satellite connectivity…
Solstad Offshore, a Norwegian offshore vessel owner, said Tuesday it had sold the platform supply vessel Far Swan.The company, which last year said it would trim its fleet to make it more competitive, with a plan to divest 37 vessels 'over a period of time…
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