RigFinder: Oil & Gas News

Source:

Total signs a renewable power purchase deal with Merck in Spain

Total and Merck have signed a power purchase deal over a period of 10 years, with 90 GWh a year of clean energy produced by a 45 MW utility-scale solar power projects from Total’s portfolio in Spain

Siemens Energy and partners inaugurate green hydrogen project in Dubai

Siemens Energy, in collaboration with Dubai Electricity and Water Authority (DEWA) and Expo 2020 Dubai, has inaugurated the first industrial scale, solar-driven green hydrogen facility in the Middle East and North Africa.

20 May 2021

DNV joins UK Hydrogen Taskforce

The Hydrogen Taskforce has welcomed global risk management and quality assurance services firm, DNV, to join its coalition of UK organisations operating and innovating in and across the hydrogen sector.

19 May 2021

Lightsource bp on track to develop 600MW solar hub in Australia

Lightsource bp has‎ ‎secured planning approval for upscaling plans for the Wellington North solar project, which was ‎acquired from AGL last year.

19 May 2021

Shell to join the UK Pavilion at Expo 2020 Dubai

Shell has announced its participation in Expo 2020 Dubai following an agreement with the United Kingdom pavilion.

18 May 2021

Australian oil and gas industry well placed for a net zero future

APPEA Chief Executive Andrew McConville said the oil and gas industry is at the forefront of new energy technologies such as carbon capture and storage and hydrogen and opportunities will continue for Australian LNG exports to Asia to help lower emissions.

18 May 2021

Schlumberger appoints chief strategy and sustainability officer

Schlumberger announced the appointment of Dr. Katharina Beumelburg to the position of Chief Strategy and Sustainability Officer, Schlumberger Limited, reporting to Olivier Le Peuch, Chief Executive Officer.

18 May 2021

Equinor and Sonatrach sign MoU

Norway’s Equinor and Sonatrach signed a MoU to examine cooperation within oil and gas exploration and production in Algeria and internationally.

18 May 2021

Woodside to exit Canada’s Kitimat LNG

Australia’s Woodside has decided to exit its 50 percent non-operated participating interest in the proposed Kitimat LNG (KLNG) development, located in British Columbia, Canada.

18 May 2021

World Utilities Congress to launch in Abu Dhabi

Industry to convene in May 2022 to address accelerating a sustainable future for the world’s power and water supply

18 May 2021

Schlumberger and NOV announce collaboration on automated drilling solutions 

Schlumberger and NOV announced collaboration to accelerate automated drilling solutions adoption by oil and gas operators and drilling contractors.

18 May 2021

ADNOC invests $318 mln in smart wells at Bu Hasa

ADNOC announced an investment of up to $318 million to connect newly drilled smart wells to the main production facilities at Bu Hasa

10 May 2021

ADNOC Distribution continues delivery of smart growth strategy with Q1 results

ADNOC Distribution, smart growth strategy targets delivery of 70-80 stations in 2021, after 64 new station openings in 2020

06 May 2021

TAQA Group reports net income of AED 1.4 Billion for Q1 2021

Abu Dhabi National Energy Company (TAQA) has reported consolidated financial results for the period ended March 31, 2021.

05 May 2021

Cheniere and Shell collaborate to deliver carbon-neutral US LNG to Europe

Cheniere Energy and Shell have collaborated to deliver a carbon-neutral liquified natural gas (LNG) cargo to Europe from Cheniere’s Sabin Pass Liquefaction Facility.

05 May 2021

Breakthrough for Equinor in Polish offshore wind

Poland’s Energy Regulatory Office (ERO) announced Equinor and Polenergia’s Bałtyk II and Bałtyk III projects were awarded contracts for difference (CfD) under the first phase of Poland’s offshore wind development scheme.

05 May 2021

SDX starts drilling campaign in Morocco

SDX Energy announced the commencement of the first, three well, phase of its 2021 drilling campaign in Morocco, which will comprise up to five wells over the year.

05 May 2021

Can carbon capture help Big Oil reach its net zero targets?

Zoë Sutherland, from Wood Mackenzie's upstream corporate research team, has taken a look at carbon capture’s potential to help the energy sector achieve its net zero targets.

05 May 2021

Clean energy demand for critical minerals set to soar, says IEA

IEA shows need for government action to ensure reliable, sustainable supplies of elements vital for EVs, power grids, wind turbines and other key technologies

05 May 2021

Total to remobilise the Papua LNG project

After a year of delay because of COVID-19, the Government of Papua New Guinea (PNG) and Total as Operator are pleased to announce the remobilisation of the project teams and of other required resources.

27 Aug 2020

McDermott awarded offshore contract in Vietnam

McDermott announced it has been awarded a contract by Delta Offshore Energy to provide FEED services for a subsea gas pipeline in Vietnam.

27 Aug 2020

Falck Renewables and Eni buy stakes in wind and solar projects in U.S.

Falck Renewables and Eni US sign an agreement to acquire 62 MW of operating wind and solar projects and up to 160 MW wind development pipeline in the United States

27 Aug 2020

Fugro wins ROV contracts with Petrobras in Brazil

Fugro, in partnership with Solstad and Oceanpact, has been awarded three long-term contracts by Petrobras to provide remotely operated vehicle (ROV) services for a variety of subsea activities in Brazil.

27 Aug 2020

Emarat signs LPG supplier deal in Dubai

Emarat has signed a new partnership agreement with, Aquacool Metering, a subsidiary of Emirates District Cooling (EMICOOL), to be the exclusive gas supplier to Aquacool’s entire residential, commercial and Industrial portfolio.

26 Aug 2020

Gazprom looks at feasibility of gas pipeline in Mongolia

Russia’s Gazprom signed a Memorandum of Intent with the Mongolian Government to look at the feasibility of building and operating a gas pipeline across Mongolia.

26 Aug 2020

Rockwell Automation partners with INTECH Process Automation in UAE

Rockwell Automation announced its partnership with INTECH Process Automation who will become its solution partner in the UAE.

26 Aug 2020

Global E&C moves facility and expands capability

Global E&C is embarking on a major facility move as it consolidates it businesses and looks to evolve and adapt to new ways of working.

25 Aug 2020

KBR's cracker technology selected for project in China

KBR has been awarded two contracts by Baofeng Energy for its coal to olefins project & comprehensive utilisation project to be built in China.

25 Aug 2020

Why the current crisis should accelerate holistic digital transformation onshore

Siemens Energy’s Head of Onshore Solutions discusses how the current COVID-19 crisis should accelerate holistic digital transformation onshore

25 Aug 2020

Turkey makes large gas find

Turkey said it has made a large gas find at Tuna-1 in the Black Sea and found 320 billion cubic metre of gas that could transform the country into a net exporter by 2023.

25 Aug 2020

Aramco looks to optimise its portfolio

Aramco announced the establishment of an integrated corporate development organisation to optimise the Company's portfolio.

25 Aug 2020

AVEVA acquires OSIsoft for US$5 bln

AVEVA has announced that it will buy OSIsoft for US$5 billion which will help accelerate digital transformation of the industrial world.

24 Aug 2020

Tristar launches cryogenic transport service in GCC

Tristar Group announced that United Stars, its joint venture in Saudi Arabia, signed a long-term contract with Sharjah Oxygen Company to transport cryogenic liquids between the UAE and Saudi Arabia.

24 Aug 2020

Weir Oil & Gas wins contract in UAE

Weir Oil & Gas Dubai announced that it signed a three-year agreement for servicing and repairing pumps and motors with a national oil company in the UAE.

19 Aug 2020

UAE’s nuclear energy plant connected to electricity grid

The Emirates Nuclear Energy Corporation (ENEC) announced that it has successfully connected Unit 1 of the Barakah Nuclear Energy Plant to the UAE's electricity grid.

19 Aug 2020

Wintershall Dea signs MoU with Algeria’s Sonatrach

Germany’s Wintershall Dea has signed a Memorandum of Understanding (MoU) with Sonatrach, aimed at strengthening cooperation in Algeria.

19 Aug 2020

Air BP, Neste to increase sustainable aviation ‎fuel offering in Europe

Air BP and Neste, the world’s ‎largest producer of renewable diesel and sustainable aviation fuels (SAF), have signed an ‎agreement to offer an increased volume of sustainable aviation fuel to airport customers in ‎‎2020 and 2021.

19 Aug 2020

Oil and gas markets brace for impact of pandemic’s second wave

The risk of a second wave of coronavirus is increasing, and with it, fresh lockdowns appear likely. These could deepen the global recession, says Wood Mackenzie.

19 Aug 2020

ENOC Group to distribute lubricants in Spain

Dubai’s ENOC Group announced a partnership with Dynamic Fuels to become the official distributor of ENOC’s marine lubricants in Spain.

19 Aug 2020

Fluor joint venture handovers Clean Fuels project in Kuwait

Fluor announced that its joint venture with Daewoo Engineering & Construction and Hyundai Heavy Industries has successfully achieved final handover of the Clean Fuels Project in Kuwait.

18 Aug 2020

The future of refining

Wood Mackenzie's chief analyst Simon Flowers asks Wood Mackenzie's head of downstream oil about the future of the downstream sector and what will be refining’s long-term challenges when oil demand eventually enters decline

18 Aug 2020

The impact of COVID-19 on GCC labour markets

The COVID-19 pandemic has led to rising debt levels, spiking budget deficits and slumping oil prices resulting in a slowdown of economic growth and a radical surge in unemployment l

18 Aug 2020

Say No to Unplanned Downtime in Trying Times

The dawn of the new decade has not arrived quietly. Companies are navigating an unprecedented and challenging economic landscape...

18 Aug 2020

Petrofac sets new sustainability targets

UAE-based Petrofac announced important environmental targets to advance its broader sustainability agenda as it looks to reach Net Zero emissions by 2030.

17 Aug 2020

Listen to the latest Pipeline Podcast on digitalisation

17 Aug 2020

ADNOC invests US$3.5 bln to upgrade Ruwais refining

ADNOC's sees its Ruwais industrial growth gain momentum as the project passes 70 per cent delivery of the ongoing upgrade of refining capabilities

17 Aug 2020

Total and partners go ahead with Phase 3 of Mero project off Brazil

Total and its partners have taken the investment decision for the third phase of the Mero project off the coast of Rio de Janeiro, in the pre-salt area of the Santos Basin.

17 Aug 2020

Renewable energy could reduce Asia Pacific LNG plant emissions, says WoodMac

Using renewable energy to power liquefied natural gas (LNG) plants in Asia Pacific could reduce emissions by about 8 per cent, says Wood Mackenzie.

16 Aug 2020

Akselos and Lamprell agree distributor deal

Akselos and Lamprell announced an agreement that will see the UAE-headquartered firm have exclusive rights to market structural digital twins for Lamprell-serviced assets in the Middle East and North Africa using Akselos’ software applications.

16 Aug 2020

Masdar and EDF Renewables to partner in 8 renewable energy projects in U.S.

Abu Dhabi’s Masdar announced its second strategic investment in the U.S. in a deal with EDF that will see it acquire a 50 per cent stake in a 1.6 GW clean-energy portfolio.

16 Aug 2020

Xodus launches major floating offshore wind study

Global energy consultancy Xodus Group has launched a three-year collaborative research project on the costs around floating offshore wind.

16 Aug 2020

The Saudi center for commercial arbitration opens open ins SPARK

The Saudi Center for Commercial Arbitration has opened its first branch in the eastern province at King Salman Energy Park (SPARK).

16 Aug 2020

ADNOC Distribution demonstrates resilience and growth during COVID-19

ADNOC Distribution reported its first half 2020 results and despite the COVID-19 pandemic delivering a 7.6 per cent increase in underlying EBITDA for the first six months of 2020, compared to the first half of 2019.

16 Aug 2020

Finding resilience during the COVID-19 crisis

Martin Helweg, CEO of P&O Maritime Logistics, spoke exclusively about the impact of COVID-19 on the offshore sector and how the newly merged company has found resilience during the pandemic

12 Aug 2020

Getting ready for the next digital wave

Bjorn Ewers managing director & partner from Boston Consulting Group discusses how more and more companies are positioning themselves for the digital wave

12 Aug 2020

U.S. horizontal activity will not see a strong rebound in 2020, says Rystad Energy

U.S. horizontal drilling activity in oil basins, which has plummeted due to the COVID-19 pandemic, is not likely to materially recover this year, a new Rystad Energy analysis shows.

10 Aug 2020

Libya’s oil blockade is expected to persist further, says Rystad Energy

Without a peaceful solution on the horizon, Rystad Energy is further pushing back its expected restart to the fourth quarter of 2020, a change that will help reduce the expected global production surplus to just 58.6 million barrels

10 Aug 2020

Digital oilfields are changing the oil and gas landscape

Schneider Electric's VP of Oil, Gas and Petrochemicals discusses why digital technology is helping change the oil and gas landscape

10 Aug 2020

Aramco sees 2nd quarter profits plunge

Aramco announced its results for the second quarter and first half of 2020 that saw a 73 per cent plunge in net profits to US$6.6 billion in the three months to June, down from $24.7 billion last time due to challenging market conditions caused by the COVID-19 pandemic.

10 Aug 2020

SOCAR Petrofac JV secures training services contract with BP Azerbaijan

Petrofac, in a joint venture (JV) with the state oil company of the Republic of Azerbaijan (SOCAR), has secured a contract to provide BP Azerbaijan with international payroll and personnel support services including training services.

09 Aug 2020

Genel Energy reported a loss in the first half of 2020

Genel Energy reported an operating loss in the first half of 2020 as lower oil prices and the COVID-19 pandemic took its toll.

09 Aug 2020

Sonatrach and Cepsa to extend collaboration in Algeria

Sonatrach and Cepsa have signed a MoU to analyse joint growth opportunities in the exploration, development and production of hydrocarbons in Algeria and internationally.

09 Aug 2020

Chevron announces 100% renewable base oil production

Chevron and Novvi announced the first production of 100 per cent renewable base oil from Novvi’s Deer Park, Houston Facility.

06 Aug 2020

Digital transformation presents potential for oil and gas companies

Sebastien Grau, Regional Sales director Middle East & Sub Saharan Africa, Rockwell Automation talks about why digital transformation could provide massive opportunities for oil and gas companies

06 Aug 2020

GMS sees improvement in performance despite COVID-19

London-listed Gulf Marine Services (GMS) said it has seen significant improvement in performance despite the difficulties brought by COVID-19.

06 Aug 2020

Afreximbank commits US$400 mln to Mozambique’s LNG project

The African Export-Import Bank (Afreximbank) is supporting the advancement of Mozambique’s energy industry and economy by committing up to US$400 million in guarantees and direct lending to the Area 1 LNG Project.

06 Aug 2020

Total closes the sale of non-core UK assets to NEO Energy

Following the regulatory approvals and the agreement of partners, Total closed the sale of UK North Sea non-core assets to NEO Energy.

06 Aug 2020

Petrofac and Storegga partner to build new energy capability for the UK

UAE-based Petrofac has signed a Memorandum of Understanding (MoU) with independent clean energy champion, Storegga Geotechnologies.

06 Aug 2020

Outlook for crude oil prices strengthens through 2021, says IHS Markit

Oil markets have returned to relatively stable ground with Brent prices within a narrow US$40-$45 per barrel range and could conclusively pass the $50 per barrel mark in the second half of 2021, according IHS Markit Energy Advisory Service.

05 Aug 2020

Eni partners with ASSTRA to promote decarbonised mobility

Eni and ASSTRA, the national association of local public transport companies in Italy, have signed a collaboration agreement to implement a series of initiatives and trials to decarbonise transport.

04 Aug 2020

Aker Solutions secures contract in Canada

Aker Solutions has secured a five-year contract extension from ExxonMobil for the provision of engineering, procurement and construction (EPC) services for the Hebron platform, offshore Newfoundland, Canada.

04 Aug 2020

ADNOC L&S and China’s Wanhua form shipping joint venture

ADNOC L&S, the shipping and maritime logistics subsidiary of ADNOC, announced the formation of a new strategic joint venture (JV) with Wanhua Chemical Group

04 Aug 2020

Norway's DNO steps up activity in Iraq

DNO has stepped up investments across its portfolio on the back of higher production and significantly improved liquidity outlook as the Company recovers from the oil market turmoil that upended the second quarter of

04 Aug 2020

Neptune Energy confirms oil find off Norway

Neptune Energy and its partners announced the commercial discovery of oil at the Dugong well in the Norwegian sector of the North Sea, the largest discovery in Norway so far this year.

04 Aug 2020

BP sets out new 10 year strategy as it reports big quarterly losses

UK's BP has reported big losses of US$16.8 billion for the quarter as it halves its dividend and lays out a new 10 year energy strategy to deliver its net-zero ambition.

03 Aug 2020

Sonatrach and OMV sign MoU for opportunities in Algeria

Austria’s OMV and Algeria’s Sonatrach have signed a Memorandum of Understanding to identify potential upstream opportunities where the two parties can jointly invest in exploration or development and production projects in Algeria.

03 Aug 2020

Equinor transfers operatorship of UK’s Bressay project to EnQuest

Equinor has agreed to sell a 40.8 per cent interest in and transfer operatorship of the Bressay oil field development on the UK continental shelf to EnQuest.

03 Aug 2020

Weatherford remotely installs liner hanger on Russian offshore platform

Weatherford International announced it successfully and remotely used a restricted crew to install a 16-inch liner hanger on an offshore platform in Sakhalin Island, Russia during the COVID-19 lockdown.

03 Aug 2020

UAE starts up nuclear energy plant

ENEC announced that its operating and maintenance subsidiary, Nawah Energy Company (Nawah) has successfully started up Unit 1 of the Barakah Nuclear Energy Plant, located in the Al Dhafrah Region of Abu Dhabi, UAE.

03 Aug 2020

Total makes 3rd discovery offshore Suriname

Total and Apache Corporation have made a significant third discovery with the Kwaskwasi-1 well, in Block 58 off the coast of Suriname.

29 Jul 2020

Free webinar: Digital Twins, From Vision to Reality.

29 Jul 2020

Middle East’s largest wind farm sees arrival of first turbines

The 400-megawatt Dumat Al Jandal utility-scale wind farm in Saudi Arabia has marked a key construction milestone with the arrival of 20 wind turbines at Duba Port.

29 Jul 2020

Siemens compressors selected for Saudi Aramco gas storage project

Siemens Energy was selected to provide centrifugal compressor systems for Saudi Aramco’s Hawiyah Unayzah Gas Reservoir Storage (HUGRS) project.

29 Jul 2020

Permian gas output to rebound in 2nd half of 2020, says Rystad Energy

Gas output from the Permian Basin is expected to rebound relatively quickly in the second half of 2020 and will remain robust for years to come, Rystad Energy projects.

29 Jul 2020

Free webinar: Digital Twins, From Vision to Reality. Register Online

29 Jul 2020

Petrofac awarded well contract by NEO Energy in the UK

Petrofac’s Engineering and Production Services (EPS) business announced the award of a two-year contract with NEO Energy in the UK

28 Jul 2020

Total and Indian Oil form JV to offer bitumen derivatives

Indian Oil Corporation, India’s largest refiner and marketer of petroleum products, and France’s Total, announced the formation of a 50:50 joint venture (JV) company that will manufacture and market high-quality bitumen derivatives.

28 Jul 2020

Asia Pacific’s oil demand to fall in 2020, says Wood Mackenzie

According to a new report by Wood Mackenzie, oil products demand in Asia Pacific is expected to fall by 1.8 million bpd year-on-year in 2020. But oil demand growth in Asia has still a long way to run.

28 Jul 2020

Gas discovery in Egypt

Total, BP and Eni have made a gas discovery with the Bashrush well on the North El Hammad license, located off the Egyptian coast.

28 Jul 2020

Total installs solar-powered rooftop at lubricants facility in Dubai

Total has completed the installation of a solar-powered rooftop at its Dubai Lubricants Blending Unit.

28 Jul 2020

LUKOIL buys Cairn's Senegal stake for US$400 million deal

Russia's LUKOIL concluded a deal with UK-based Cairn Energy to acquire a 40 per cent interest in RSSD (Rufisque, Sangomar and Sangomar Deep) project in the Republic of Senegal for US$400 million.

28 Jul 2020

Oil producers must embrace digitalisation to survive the COVID-19 era

Siemens Middle East talks about the need to embrace digitalisation to survive the COVID-19 era

28 Jul 2020

ADNOC transfers stakes in offshore concessions from CNPC to CNOOC

ADNOC announced its agreement to the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from China's CNPC to CNOOC.

27 Jul 2020

Total sells UK refinery to Prax Group

Total has signed an agreement to sell the Lindsey refinery and its associated logistic assets, as well as all of the related rights and obligations, to the Prax Group.

27 Jul 2020

Eni ups gas potential at discovery off Vietnam

Eni announced that its exploration well, Ken Bau-2X, located offshore Vietnam, has confirmed a significant hydrocarbon accumulation on the Ken Bau discovery, further expanding its potential.

26 Jul 2020

Neptune Energy’s Duva & Gjøa P1 projects hit major milestones

Neptune Energy announced the successful installation of subsea oil and gas production flowlines and gas lift flowlines for its Duva & Gjøa P1 developments in the Norwegian sector of the North Sea.

26 Jul 2020

Tristar Group begins construction of new storage tanks in Dubai

Tristar Group has begun construction of 10 new storage tanks for its chemical terminal in Jebel Ali Free Zone (JAFZA)

26 Jul 2020

Golar Power to build first LNG terminal in Northern Brazil

Golar Power signed a MoU with Norsk Hydro to develop the first LNG terminal in the North of Brazil

26 Jul 2020

EWEC announces partners to develop solar power plant

EWEC announced it has awarded Abu Dhabi National Energy Company (TAQA) and Masdar, with partners EDF and JinkoPower, the contract to build a 2 GW solar power plant.

23 Jul 2020

Energy transition projects could replace part of oilfield service market, says Rystad Energy

Hit by the COVID-19 downturn, the oilfield service market is not likely to rebound to last year’s activity level until 2023 according to a Rystad Energy analysis.

23 Jul 2020

Saipem awarded offshore wind contracts

Italy’s Saipem has been awarded new offshore wind contracts, for projects currently under development off the coasts of England, Scotland and France, worth a combined €90 million

23 Jul 2020

Weatherford signs two-year contract in Argentina

Weatherford International announced it has been awarded an exclusive two-year, US$15 million contract with a major independent operator in Argentina

23 Jul 2020

SNC-Lavalin awarded Pre-FEED contract off the Gulf of Mexico

Atkins has been awarded a pre-FEED services for hull and mooring engineering for a floating production unit (FPU) in the Gulf of Mexico.

23 Jul 2020

Eni starts production at solar plant in Italy

Eni, through its subsidiary Eni New Energy, has started power production from the new photovoltaic plant in Volpiano, Italy with a total capacity of 18 MW.

22 Jul 2020

Fluor awarded contract for California carbon capture project

Fluor announced it was awarded a FEED contract for California Resources Corporation’s (CRC) carbon capture and sequestration project.

22 Jul 2020

Uniper and GE to collaborate on climate-friendly natural gas assets

Uniper and General Electric have signed an agreement aiming at a long-term collaboration on the decarbonisation of Uniper's gas-fired power plants and natural gas storage facilities.

22 Jul 2020

ADNOC and ADQ form JV to develop planned Ruwais Derivatives Park

ADNOC and ADQ signed a joint venture (JV) agreement to create a new investment platform to fund and oversee the development of industrial projects within the planned Ruwais Derivatives Park.

22 Jul 2020

How 5G is shaping the energy industry

IHS Markit’s EMEA Director of Consulting discusses how 5G is shaping the energy industry

22 Jul 2020

Gazprom Neft and Shell to form JV for Russian project

Russia’s Gazprom Neft and Shell have signed an agreement to establish a joint venture to study and develop the Leskinsky and Pukhutsyayakhsky license blocks on the Gydan Peninsula, off Russia.

21 Jul 2020

3T Energy Group wins training contract with Total in UK

3T Energy Group, have been selected by Total E&P UK to manage their UK onshore and offshore workforce training requirements

21 Jul 2020

DNV GL launches hydrogen industry consortium

DNV GL has launched an international industry consortium to develop the technology required for a gradual transition from natural gas to hydrogen as a fuel in energy-intensive industrial production processes.

21 Jul 2020

King Salman Energy Park completes 60% of phase one

The King Salman Energy Park (SPARK) has completed 60 per cent of its first phase which consists of infrastructure, roads, utilities, and real estate assets established across 14 square kilometres

20 Jul 2020

APICORP provides credit facility to SirajPower for solar energy projects

The Arab Petroleum Investments Corporation announced a US$50 million credit facility for SirajPower, a UAE distributed solar energy provider, to expand its portfolio of distributed solar energy projects across the Middle East.

20 Jul 2020

CCED delivers 100 mln barrels from blocks in Oman

CC Energy Development (CCED) have marked their 100 millionth barrel milestone from blocks 3 & 4 in Oman.

20 Jul 2020

Chevron agrees to buy Noble Energy for US$13 bln

Chevron announced that it has entered into a definitive agreement to buy U.S. independent Noble Energy in a US$13 billion all-stock transaction, including US$5 billion in equity.

16 Jul 2020

FPS contract awards to rebound to $13 bln annually from 2021-24, says Westwood

Westwood Global Energy Group has released research estimating FPS contract awards will rebound to $13bn annually from 2021-24, underpinned by an anticipated average oil price of $60/bbl from 2022.

16 Jul 2020

OPEC+ confirms plans to lower production cuts in August

The 20th meeting of the Joint Ministerial Monitoring Committee took place via videoconference yesterday as OPEC+ confirmed plans to lower production cuts to 7.7 million bpd from August.

16 Jul 2020

Pilot LNG looks to build LNG bunker terminal at Galveston

Pilot LNG announced the filing of its regulatory applications for the development of the region’s first dedicated LNG bunker terminal, Galveston LNG Bunker Port, to be located on Pelican Island.

16 Jul 2020

Woodside says will see impairments of US$4.37 billion

Australia's Woodside announced that it expects to see post-tax impairment losses of US$4.37 billion in its upcoming financial results for the first half of the year ending on 30 June 2020.

15 Jul 2020

ADNOC Distribution launches new API-certified lubricants

The new range of ADNOC VOYAGER vehicle engine oils is the UAE’s first to meet the needs of the latest engine technologies and to be certified by the world-leading American Petroleum Institute (API).

15 Jul 2020

NextDecade drops 6th LNG train at Rio Grande LNG project

NextDecade Corporation announced it is optimising its Rio Grande LNG project and as a result it is dropping the 6th LNG train at the project.

15 Jul 2020

ENEC completes construction of Barakah nuclear plant 2nd unit

ENEC has successfully completed the construction of Unit 2 of the Barakah Nuclear Energy Plant, the Arab World’s first nuclear energy plant located in the Al Dhafra region of Abu Dhabi.

15 Jul 2020

Oil and gas drilling set for at least a 20-year low in 2020, says Rystad Energy

The COVID-19 pandemic has stymied oil and gas activity, a phenomena which has now affected the drilling market both in terms of wells drilled and in terms of related demand for drilling equipment.

14 Jul 2020

Senex upgrades gas reserves at Surat Basin in Australia

Australia's Senex Energy announced a 21 per cent increase in Surat Basin gas reserves following the successful execution of its Surat Basin natural gas developments.

14 Jul 2020

Digital twins to play an important role in the changing industry landscape

Alistair Stubbs, Vice President of Asset Information & Reliability at Bentley Systems, speaks about how the industry is changing in light of COVID-19 and how this will lead to greater digitalisation and the important role digital twins can play in all of this

14 Jul 2020

MOL makes gas discovery in Pakistan

Hungary’s MOL has made a new gas and condensate discovery at its operated TAL Block in Pakistan.

14 Jul 2020

Weatherford signs contract with Iraqi Drilling Company

Weatherford has signed an 18-month contract with the Iraqi Drilling Company (IDC) to provide services and project management for the drilling of twenty wells in the Al-Nasiriyah field in the Dhi Qar province in southern Iraq.

14 Jul 2020

SDX Energy sells stake in Egypt asset to Gulf Energy

SDX Energy announced that it has disposed of its 50% working interest in the North West Gemsa licence, situated in the Eastern Desert of Egypt.

14 Jul 2020

Aramco reorganises its downstream business

Saudi Aramco has reorganised its downstream business to support and enhance integration across the hydrocarbon value chain and better position Aramco to drive financial performance, value creation and global growth.

13 Jul 2020

Weir Solutions signs new agency deal in Brunei

Weir Solutions FZE continues to develop its relationships and demonstrate its commitment to national oil companies across the Asia Pacific with a new agency agreement in Brunei Darussalam.

13 Jul 2020

Japanese company buys into Yinson’s Brazilian FPSO

Yinson has entered into an agreement with Japan's K Line to sell a 10 per cent stake in a joint participation for the charter, operations and maintenance of FPSO Anna Nery, a vessel for the Marlim revitalisation project in Brazil.

13 Jul 2020

Ministers gather to address the world’s energy and climate challenges

40 Ministers from dozens of countries took part in the International Energy Agency’s first Clean Energy Transitions Summit on July 9, discussing how to bring about a sustainable and resilient recovery from the COVID-19 crisis and achieve a definitive peak in global carbon emissions.

12 Jul 2020

BP signs gas supply agreement with China’s ENN

BP has signed a gas supply agreement with ENN Group (ENN) to jointly support the growing energy needs of China’s southern Guangdong region.

12 Jul 2020

India’s Reliance and BP launch partnership

BP and Reliance Industries Limited (RIL) announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML).

09 Jul 2020

OMV and Verbund started work on Austria’s largest solar plant

OMV and Verbund began construction on the largest area photovoltaic plant in Austria.

09 Jul 2020

TechnipFMC to build hydrocracking complex in Egypt

TechnipFMC has signed a major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new hydrocracking complex for the Assiut refinery in Egypt.

09 Jul 2020

RWE chooses HVDC suppliers for UK offshore wind project

RWE has chosen a consortium of GE Renewable Energy’s Grid Solutions and Sembcorp Marine as preferred suppliers for the 1.4 gigawatt (GW) Sofia offshore wind farm project’s high voltage direct current (HVDC) transmission system.

09 Jul 2020

Eni’s CEO reconfirms commitment to Libya

Eni’s CEO Claudio Descalzi met in in Tripoli with Fayez al-Sarraj, Head of the Presidential Council of the Libyan Government, to discuss the general situation in Libya and reconfirmed his full commitment to the country.

09 Jul 2020

Digitalisation brings greater reliability to the oil and gas sector

David Armstrong and Rob Harper from Bentley Systems talk about the advances digitalisation is bringing to its digital twin services

09 Jul 2020

Petrofac joint venture secures EPCC contract in Kazakhstan with NCOC

Petrofac in a joint venture with Kazakhstan's Isker has secured an EPCC contract worth US$135 million for new water treating facilities for North Caspian Operating Company in Atyrau, Kazakhstan.

08 Jul 2020

Equinor makes gas find in the North Sea

Equinor and its licence partners Source Energy and Wellesley Petroleum have discovered gas and condensate by Kvitebjørn field in the North Sea

08 Jul 2020

The new normal: an opportunity for plastics

While there can be few winners in the fight against coronavirus, polymers in particular have proven their resiliency, worth and value in confronting the infection.

08 Jul 2020

The 2nd episode of the Weatherford Podcast Series is live!

08 Jul 2020

Saipem awarded subsea contract in Brazil

Italy’s Saipem has been awarded a subsea contract by Petrobras for the Búzios pre-salt project, offshore the state of Rio de Janeiro, Brazil.

08 Jul 2020

Equinor awards Odfjell Drilling a Johan Sverdrup development contract

Equinor and its partners have signed a letter of intent with Odfjell Drilling for the Deepsea Atlantic rig to drill 12 wells during phase 2 of the Johan Sverdrup field development, following its work on phase 1.

07 Jul 2020

Golar Power partners with Galileo and introduces Bio-LNG in Brazil

Golar Power announced that it has signed an agreement with Galileo Technologies for the provision of LNG liquefaction solutions to support the development of its small-scale LNG distribution initiatives.

07 Jul 2020

Equinor awards contract to Apply for North Sea project

Equinor has, on behalf of the licence partners, awarded Apply a framework agreement for engineering and installation services on the North Sea Statfjord field.

07 Jul 2020

TAQA closes finance for gas-fired power plant in the UAE

Abu Dhabi National Energy Company (TAQA) announced the successful financial closing for the largest gas-fired power plant in the UAE.

07 Jul 2020

BP partners with China's JinkoPower to offer decarbonised energy solutions

BP has signed a MoU with one of China’s leading solar project developers, JinkoPower, to provide integrated decarbonised energy solutions and services to customers in China.

07 Jul 2020

McDermott wins storage tanks deal in Canada

McDermott has been awarded a large contract by a major EPC contractor for the engineering, procurement, fabrication and construction (EPFC) of 14 tanks in Canada

07 Jul 2020

BP and Enagás join forces on lower carbon transport fuels in Spain

BP Oil Spain and Spanish gas grid operator Enagás have entered an agreement to jointly explore commercial opportunities to promote the deployment of lower carbon transport fuels in Spain.

07 Jul 2020

Whitepaper: Enhanced Worker Safety in Process Industry Environments

Download the White paper by John Hartley, CEO of Extronics. It explores the growing need for a hybrid Real Time Location System for enhanced worker safety.

07 Jul 2020

Jordan Cove LNG gets export nod

U.S. Secretary of Energy has authorised the export of domestically produced LNG from the proposed Jordan Cove LNG Terminal (Jordan Cove) in Coos Bay, Oregon.

06 Jul 2020

Tethys Oil signs new onshore deal in Oman

Tethys Oil announced that it has entered into an Exploration and Production Sharing Agreement with the Government for Block 58 onshore Oman.

02 Jul 2020

Digital Twins in the process industry: from vision to reality

Digital twins are rapidly advancing from vision to reality in the process industry. Many organizations...

02 Jul 2020

Reaching climate goals requires acceleration in clean energy innovation, says IEA

New IEA special report shows critical need for research and development and other innovation efforts to achieve net-zero emissions objectives

02 Jul 2020

Global discoveries in first half of 2020 hit new low: Rystad Energy

Global discoveries of conventional resource volumes reached just 4.9 billion boe in the first half of 2020, Rystad Energy estimates, the weakest-performing first half of the 21st century.

02 Jul 2020

Shell warns of write down with Q2 2020 results update

Shell provided an update on its second quarter 2020 results that will see the oil major record post-tax impairments of between $15 billion and $22 billion

02 Jul 2020

Neptune Energy announces milestone at Algerian gas plant

Neptune Energy announced a major milestone for the Touat gas facility in Algeria, with operatorship having been formally passed to Groupement Touat Gaz (GTG).

01 Jul 2020

McDermott completes restructuring process after exiting bankruptcy

McDermott International announced it has exited bankruptcy after successfully completing its restructuring process that has seen the U.S company sell its Lummus technology.

01 Jul 2020

Deloitte looks at the impact of the oil industry crisis on the GCC

Deloitte has just released its new report looking at the impact of the oil industry crisis on the GCC and potential responses.

01 Jul 2020

Chevron completes acquisition of Puma Energy in Australia

Chevron has completed the acquisition of Puma Energy’s Australia assets for AU$425 million as it re-enters the fuels retailing market.

01 Jul 2020

TAQA becomes one of the largest utility companies in EMEA

Abu Dhabi National Energy Company (TAQA) announced the successful completion of its transaction with Abu Dhabi Power Corporation (ADPower), creating one of the largest utility companies in the EMEA region.

01 Jul 2020

Equinor to lead clean hydrogen plant project in the UK

Equinor is leading a project to develop one of the UK’s first at-scale facilities to produce hydrogen from natural gas in combination with carbon capture and storage (CCS).

30 Jun 2020

Iraq’s OPEC+ compliance doomed to fall short of target, says Rystad Energy

Rystad Energy estimates Iraq’s actual ability to cut more barrels is limited to between 300,000 and 500,000 bpd.

30 Jun 2020

Indonesia’s LNG imports continue to rise despite economic downturn, says WoodMac

Indonesia’s LNG imports are expected to be resilient against the coronavirus-led global economic downturn, says Wood Mackenzie.

29 Jun 2020

Gulf petrochemical industry could see a short term demand opportunity

Boston Consulting Group looks at how the Gulf petrochemical industry could see a short term demand opportunity as the Chinese industry starts coming back from COVID-19.

29 Jun 2020

BP agrees to sell its petrochemicals business to INEOS for US$5 bln

UK’s BP has agreed to sell its global petrochemicals business to chemical giant INEOS for $5 billion as part of its strategic step to reinvent itself under new CEO Bernard Looney.

29 Jun 2020

Chesapeake Energy filed for Chapter 11 bankruptcy protection

U.S shale player, Chesapeake Energy, announced that it had voluntarily filed for Chapter 11 bankruptcy protection in the U.S. to help eliminate US$7 billion of debt after the oil price crash and coronavirus pandemic has had such a devastating impact on the industry.

29 Jun 2020

TAQA sees first quarter 2020 revenues drop

Abu Dhabi National Energy Company (TAQA) announced its earnings for the first quarter of 2020 with Group revenues declining by 9 per cent to AED 4 billion as a result of the drop in oil and gas prices.

29 Jun 2020

Eni and NextChem to develop circular district technologies

Eni and NextChem, the Maire Tecnimont Group’s subsidiary for green chemistry, strengthen their partnership.

28 Jun 2020

ADNOC CEO discuss regional and global investment dynamics

Dr. Sultan Ahmed Al Jaber, CEO of ADNOC, discussed regional and global investment dynamics alongside the world’s leading global infrastructure and institutional investors

28 Jun 2020

Total starts up 2nd FPSO off Brazil

Total and its partners announce the start-up of the FPSO P-70 of the Iara cluster, located in the deepwater Santos Basin pre-salt offshore Brazil.

28 Jun 2020

APM 4.0 brings digital transformation to the oilfield

Mohamad Awad, Regional VP for the Middle East, North Africa and Pakistan at AVEVA discusses how new developments in asset performance management can play a transformative role even in a challenging economic climate

24 Jun 2020

Mammoet awarded two contracts for Oman’s Duqm Oil Refinery

Mammoet has been awarded two contracts for the Duqm oil refinery in Oman, reflecting a major step forward in the development of a world-class integrated refining and petrochemical complex.

24 Jun 2020

Keppel and Mitsubishi Heavy Industries join forces in hydrogen deal in Singapore

Keppel and Mitsubishi Heavy Industries to jointly explore hydrogen powered tri-generation plant concept for data centres in Singapore.

24 Jun 2020

Global gas output set to fall by 2.6% in 2020, says Rystad Energy

Rystad Energy forecasts natural gas output, which was previously set to grow, to decline by 2.6 per cent this year as a result of the COVID-19 pandemic.

24 Jun 2020

KBR signs petrochemical MoU with India’s L&T Hydrocarbon Engineering

KBR has signed a memorandum of understanding with India’s L&T Hydrocarbon Engineering (LTHE) to collaborate on refinery and petrochemical projects around the world.

24 Jun 2020

Siemens Energy signs substation contract in Iraq

Siemens Energy and the Iraqi Ministry of Electricity have signed a contract for the Al Hamudhia substation, which will provide reliable and efficient power supply to multiple cities in the country.

23 Jun 2020

Are We Nearing Peak Oil Supply?

Wood Mackenzie’s vice president of macro oils ponders whether we are nearing peak oil supply? And what are the prospects of finding an exit route to recovery?

23 Jun 2020

COVID impact on safe operations and optimising for the future

Neil Flemming, managing director of Asset Integrity Engineering, speaks exclusively about the impact of COVID-19 on safe operations and the industries drive for optimisation.

23 Jun 2020

Dow aims to be carbon neutrality by 2050

Dow announced aggressive new commitments to address both climate change and plastic waste on its path towards becoming carbon neutrality by 2050.

23 Jun 2020

ADNOC announces $20.7 billion energy infrastructure deal

ADNOC has entered into an agreement with some of the world’s leading infrastructure investors and operators, sovereign wealth and pension funds.

23 Jun 2020

TechnipFMC wins subsea work for trio of Equinor fields

Equinor has awarded two contracts and issued a letter of intent to TechnipFMC for pipelaying and subsea installation for three projects on the Norwegian continental shelf

23 Jun 2020

Shell to deliver two carbon neutral LNG cargoes to China's CNOOC

CNOOC has signed an agreement with Shell for delivery of two cargos of the first carbon neutral LNG to the Chinese mainland.

22 Jun 2020

Analysing a complex offshore oilfield

A case study looking at how Bilfinger Tebodin Middle East conducted various structural analyses for offshore oilfield platforms.

22 Jun 2020

ENOC Group records increase in storage demand globally

ENOC Group has reported a significant surge in the demand of storage capacity across its terminals in the UAE, Saudi Arabia, Singapore, Morocco and Djibouti.

22 Jun 2020

Jera teams up with French duo to develop offshore wind project

Jera has teamed up with French companies Ademe Investissement and IDEOL to form a form investment vehicle dedicated to financing the development phase of offshore wind projects

22 Jun 2020

Eni buys three wind projects in Italy

Eni, through its subsidiary Eni New Energy, has acquired from Asja Ambiente Italia 100 per cent of the shares in three wind farms.

21 Jun 2020

OPEC sees a high-level of compliance in May

OPEC+ held the 19th Joint Ministerial Monitoring Committee that revealed that in May the group saw a high-level of compliance.

21 Jun 2020

Neptune Energy begins drilling campaign in Norway

Neptune Energy has started on the Dugong exploration well in the Norwegian sector of the North Sea.

21 Jun 2020

Wood commits to 40% reduction in carbon emissions by 2030

The global engineering firm Wood pledged to reduce its greenhouse gas emissions by 40 per cent by 2030.

21 Jun 2020

Depleting inventories: Learning to safeguard the supply

Accenture’s MD for the Energy Industry Group in the Middle East discusses how global restrictions due to the COVID-19 pandemic have seen inventories deplete and why it is important to safeguard the supply chain

18 Jun 2020

BP's Stats Review 2020 show energy trends before COVID-19

BP released the 69th annual edition of the its Statistical Review of World Energy for 2020 that highlights the global energy trends emerging prior to the current COVID-19 pandemic.

18 Jun 2020

Tendeka awarded five-year contract extension with Oman operator

Tendeka has been awarded a five-year contract extension to supply a major operator with zonal isolation technologies for all fields in Oman.

18 Jun 2020

Aramco completes acquisition of 70% stake in SABIC

Aramco announced the successful completion of its share acquisition of a 70 per cent stake in SABIC from PIF, the sovereign wealth fund of Saudi Arabia, for US$69.1 billion

18 Jun 2020

IEA sees largest drop of oil demand in history in 2020

The International Energy Agency (IEA) said in its monthly oil market report that it expects the fall in oil demand this year to be the largest in history.

18 Jun 2020

COVID-19 hastens peak oil, says Rystad Energy

The 2020 release of Rystad Energy’s annual global energy outlook reveals that the COVID-19 downturn will expedite peak oil demand

18 Jun 2020

APICORP takes equity stake in Tafila wind farm

APICORP announced its first direct equity investment in a wind energy venture, the Tafila wind project in Jordan.

17 Jun 2020

The future of green hydrogen

Siemens Energy's Head of New Energy MEA discusses why hydrogen could be the ultimate energy carrier for emissions-free energy

17 Jun 2020

Bilfinger Tebodin Middle East to build a liquid bulk storage terminal in UAE

Bilfinger Tebodin Middle East has been awarded a contract by Arabian Chemical Terminals to build a bulk liquid storage terminal in Khalifa Port near KIZAD, Abu Dhabi.

17 Jun 2020

Repsol to develop two major decarbonisation projects in Spain

Spain’s Repsol announced two decarbonisation projects that the company will undertake with the participation of prominent Spanish and international partners.

17 Jun 2020

Abu Dhabi CEO Roundtable discusses sustainable global energy supplies

Global energy leaders united around the common purpose of ensuring sustainable global energy supplies as economies begin to reopen and the world adjusts to the next normal, during a special virtual edition of the Abu Dhabi CEO Roundtable.

17 Jun 2020

Petrofac awarded project in Bahrain

Petrofac has been awarded a multi-million dollar contract by Tatweer Petroleum for an upstream gas project in Bahrain.

16 Jun 2020

Motive Offshore signs MoU with Orca Offshore in Azerbaijan

Motive Offshore continues to strengthen its global positioning as it signed an MoU with Orca Offshore for a two-year period.

16 Jun 2020

Wood awarded two U.S. solar contracts

Wood has secured two EPC contracts from an American power and energy company worth over US$200 million.

16 Jun 2020

China’s oil inventories to swell in first half of 2020, says IHS Markit

IHS Markit estimates that China’s crude oil inventories will increase by 440 million barrels over the first six months of 2020.

15 Jun 2020

Masdar and Uzbekistan Government sign deal to develop wind project

Abu Dhabi’s Masdar has signed an agreement with Uzbekistan Government to design and operate a wind farm project.

15 Jun 2020

BP lowers oil price forecast until 2050

BP has revised its long-term price assumptions after COVID-19 that could lead to impairments of up to $17.5 billion in the second quarter.

15 Jun 2020

Maire Tecnimont awarded contract in Algeria

Maire Tecnimont has been awarded an EPC contract for the execution of the Bir Seba Phase II and Mouiat Outlad Messaoud field development project, in Algeria.

15 Jun 2020

Shelf Drilling rig contract in Saudi Arabia suspended

Shelf Drilling has received a notification from Saudi Aramco on suspension of operations for the High Island IV jack-up rig for a period of up to 12 months.

15 Jun 2020

Hydrogen set to play a greater role in the energy mix

Liv A. Hovem, CEO of DNV GL – Oil & Gas speaks exclusively about why hydrogen now has a more certain future and will have a greater role to play in the energy mix.

14 Jun 2020

Global gas demand in 2020 is set to fall dramatically says IEA

Global demand for natural gas on course for its largest annual decline in history, the International Energy Agency said in a new report.

14 Jun 2020

Sparrows Group moves to new facility in Angola

Sparrows Group has re-located to a new purpose-built facility in Luanda, Angola to support its growing operations in Africa.

14 Jun 2020

Petrofac to support UK CCS and hydrogen project

Petrofac has been awarded a support contract for the UK's CCS and hydrogen Acorn project.

14 Jun 2020

Green hydrogen could help drive job recovery out of the COVID-19 recession

The green hydrogen export market could be worth US$300 billion yearly by 2050, creating 400,000 jobs globally in renewable energy and hydrogen production, according to a new report by Strategy& Middle East

14 Jun 2020

Equinor and Aker BP agree commercial terms for 3 licenses off Norway

Equinor and Aker BP have entered into an agreement on commercial terms for three licenses on the Norwegian Continental Shelf.

14 Jun 2020

Global upstream investments set for 15-year low, says Rystad Energy

Global spending is now forecasted to reach $383 billion this year, the lowest level in 15 years and a staggering 29 per cent decrease of $156 billion compared to 2019, reveals Rystad Energy.

14 Jun 2020

ADNOC to host virtual roundtable looking at post COVID-19

The world’s leading oil, gas, and petrochemical CEOs will join a virtual roundtable hosted by ADNOC on June 16, to discuss the critical issues facing the industry and share best practices on effective response to COVID-19

07 Jun 2020

OPEC+ agrees to extend production cuts to July

OPEC+ agreed to extend the big production cuts announced in April by another month, which will see 9.7 million bpd stay off the market in July now.

07 Jun 2020

United Oil & Gas says Egypt well tests exceed expectations

United Oil & Gas provided an update on the El Salmiyah-5 well in Egypt with tests exceeding pre-drill estimates.

07 Jun 2020

BP and Premier Oil agree revised terms over North Sea assets sale

UK oil giant BP and independent Premier Oil have agreed revised terms for BP's sale of its Andrew Area and Shearwater assets to Premier Oil.

07 Jun 2020

Offshore wind expenditure to match upstream oil & gas in Europe in 2021, says Rystad Energy

Rystad Energy expects offshore wind sector expenditure to match oil and gas developments in 2021 and surpass it in 2022.

04 Jun 2020

Total joins giant offshore wind farm project in Scottish North Sea

Total has entered into an agreement with SSE Renewables, to acquire a 51 per cent stake in the Seagreen 1 offshore wind farm project for an upfront payment at closing of £70 million

04 Jun 2020

The impact of the COVID-19 pandemic on oil and gas contracts

Devine & Severova discuss the legal impact of COVID-19 and the oil price fluctuation on oil and gas contracts

04 Jun 2020

Pipeline Oil & Gas News podcast is now live!

The first episode in our series of podcasts sponsored by Weatherford, will look at The Digital Transformation of the Oilfield: Strategy.

04 Jun 2020

Petrofac awarded Seagreen wind farm substations contract

Petrofac has confirmed a contract with Seagreen Wind Energy for HVAC onshore and offshore substations for the Seagreen offshore wind farm project.

04 Jun 2020

Siemens to supply equipment for gas field off Malaysia

Siemens Gas and Power was awarded a contract to supply equipment for the Petronas Kasawari Gas Field Development Project in the South China Sea, offshore Sarawak in Malaysia.

04 Jun 2020

ADNOC Distribution continues to deliver on national network expansion

ADNOC Distribution is continuing to deliver on its national network expansion in Abu Dhabi, Dubai and Umm Al Quwain with 16 new sites open in 2020 to date

03 Jun 2020

COVID-19 drives reserves of global oil and gas assets for sale up

Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion boe of natural gas, Rystad Energy estimates.

03 Jun 2020

Simmons Edeco completes drilling campaign in Mexico

Simmons Edeco announced that it has successfully completed its first drilling contract for Mexico oil and gas operator Newpek, a division of Grupo Alfa.

03 Jun 2020

The U.S. energy storage sector saw a strong first quarter, Wood Mackenzie showed in a new report.

03 Jun 2020

Listen to the first Pipeline Podcast with Weatherford

02 Jun 2020

Global LNG demand faces first seasonal contraction in 8 years, says WoodMac

The LNG industry is about to face its first seasonal demand contraction since 2012, says Wood Mackenzie.

02 Jun 2020

Honeywell opens gas detector factory in Saudi Arabia

Honeywell has announced it will open a new facility for the production of gas detection devices in Saudi Arabia.

02 Jun 2020

DME August Oman crude trades above $40 per barrel

Benchmark Oman crude oil trading on the Dubai Mercantile Exchange traded above US$40 per barrel Monday for the first time in almost three months.

02 Jun 2020

Monadelphous awarded contracts in Queensland

Australian engineering company Monadelphous announced it has secured a number of construction and maintenance contracts in Queensland gas sector with a combined value of US$150 million.

02 Jun 2020

WFS Technologies and Subsea Energy Solutions join forces

WFS Technologies has joined forces with Subsea Energy Solutions to harness their combined global expertise and systems for the offshore energy industry.

02 Jun 2020

Keppel to focus more on renewables

Singapore's Keppel Corporation announced a new long-term strategy and transformation programme under Vision 2030 that will see the company put a focus on renewable energy.

01 Jun 2020

Petrofac wins North Sea well management work

Petrofac has secured a well management contract for Phase 1 of Independent Oil and Gas plc’s (IOG) Core Project in the UK

01 Jun 2020

Japanese consortium ships hydrogen from Brunei to fuel power generation

A consortium of Japanese companies have announced the world’s first transocean shipment of hydrogen from Brunei to fuel gas turbines for power generation in Japan.

01 Jun 2020

PDO begins operations at solar power plant

PDO has announced that it has begun operations of the 100-megawatt Amin Photovoltaic Power Plant in Oman that will power some of its operations.

01 Jun 2020

Norway: a land of opportunities and cutting-edge innovation

Proserv’s CTO Tore Erntsen, and Alan Peek, Director, Controls Technology, reveal how Trondheim is the centre for the firm’s subsea controls R&D activity

31 May 2020

DEME brings windfarm expertise to Neptune’s PosHYdon hydrogen pilot

Neptune Energy announced DEME Offshore will bring its expertise to the PosHYdon pilot, the world’s first offshore green hydrogen project.

31 May 2020

Tawke field in Iraq sees fall in production

Genel Energy has provided an update on the production levels at the Tawke licence in the Kurdistan Region of Iraq

31 May 2020

Emirates Gas introduces new measures to combat the spread of COVID-19 pandemic

ENOC Group’s subsidiary Emirates Gas (EMGAS) has introduced a set of preventative measures to prevent spread of the COVID-19.

31 May 2020

The chemical industry’s response to a crisis while in crisis

The world has been left reeling from the impact of coronavirus and the chemical industry has stepped in with incredible speed and agility to help struggling health authorities get the materials they need.

31 May 2020

Among oil majors promising renewable investments, Equinor is committing the most

Investments in solar and wind energy projects by the world’s oil majors over the next five years are expected to reach US$17.5 billion, a Rystad Energy analysis finds

28 May 2020

Petrofac secures Iraq contract extension with Basra Oil Company

Petrofac has secured a further six-month contract extension with Basra Oil Company for its long-standing Iraq Crude Oil Export Expansion Project

28 May 2020

COVID-19 raises need to expand sustainable energy solutions worldwide

A new report from the IEA, IRENA, the United Nations Statistics Division (UNSD), the World Bank and WHO looks at the urgent need to expand sustainable energy solutions worldwide.

28 May 2020

ConocoPhillips completes sale of interests in Australia

U.S. firm ConocoPhillips announced the completion of the sale of its subsidiaries that hold its Australia-West assets and operations to Australian independent Santos.

28 May 2020

McDermott awarded a technology contract in Saudi Arabia

McDermott has been awarded a technology contract by Advanced Petrochermical Co. (APC) to license its Lummus Technology for a petrochemical facility in Jubail, Saudi Arabia.

28 May 2020

Subsea 7 outlines cost reduction plans

Subsea 7 released further details of the cost reduction programme that it will implement to help it deal with the deterioration in the oil and gas market.

28 May 2020

CNOOC decides against pre-empting sale of Tullow assets in Uganda

Tullow Oil announced that CNOOC Uganda Limited (CNOOC) has informed both Tullow and Total that it will not pre-empt the sale of Tullow's assets in Uganda to Total.

28 May 2020

Oceaneering wins asset integrity contract in the Middle East

Oceaneering International has been awarded a considerable asset integrity contract from a major operator based in Dubai, UAE.

27 May 2020

Petrofac begins North Sea well decommissioning contract

Petrofac’s Engineering & Production Services business (EPS) has begun activity on its previously awarded well decommissioning contract for the Rubie and Renee fields, off the UK.

27 May 2020

China’s Q2 2020 oil demand shows signs of recovery: WoodMac

According to the latest analysis by Wood Mackenzie, China’s oil demand will recover to 13 million barrels per day (bpd) in Q2 2020, a 16.3 per cent jump compared to Q1 this year.

27 May 2020

COVID-19 crisis causing biggest fall in global energy investment in history

The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year the IEA said in a new report.

27 May 2020

Mammoet lands contract for the Arctic LNG 2 project

Technip-led joint venture NovArctic in cooperation with Saipem and NIPIgas has engaged Mammoet as an unloading, transportation and installation contractor for the Arctic LNG 2 project in Russia.

27 May 2020

Decarbonising the oil giants

Strategy Director at Ryse Energy talks about decarbonising and how in the short-term emissions have reduced due to the economic shutdown

27 May 2020

U.S. oil output set to bottom out in June, says Rystad Energy

U.S. oil production will reach a bottom of around 10.7 million barrels per day in June, a two-year low, Rystad Energy estimates

21 May 2020

KSA-based seismic solutions company ARGAS targets global expansion

KSA-founded Arabian Geophysical & Surveying Company (ARGAS), the largest seismic acquisition company in MENA, is to expand its business internationally.

21 May 2020

Coronavirus pushes UK gas market to deadlock, says WoodMac

The UK gas balance has reached a deadlock for the summer, says Wood Mackenzie.

21 May 2020

Venture Global reached a new milestone on Calcasieu Pass LNG project

Venture Global LNG announced the successful raising of the second LNG storage tank roof at the company’s Calcasieu Pass LNG export facility in Cameron Parish, Louisiana, US.

21 May 2020

Enabling an elastic digital workplace

Accenture's MD for the Energy Industry Group in the Middle East discuss how business and industries must look at enabling an elastic digital workplace in response to the exceptional circumstances brought on by COVID-19

21 May 2020

Neptune Energy completes Petrel seismic survey offshore Australia

Neptune Energy announced the successful acquisition of the 3D broadband seismic survey of the extensive Petrel field located in the Bonaparte basin of Australia.

20 May 2020

The COVID-19 crisis is hurting but not halting global growth in renewable power capacity, says IEA

After a dip this year, new renewable capacity additions are expected to rebound in 2021, but policy certainty is critical to ensure investor confidence, says IEA.

20 May 2020

UL’s Abu Dhabi laboratory gets recognition from Abu Dhabi Power Corporation

UL’s Abu Dhabi electrical laboratory has been approved by the Abu Dhabi Power Corporation to help test switchgear and control gear equipment.

20 May 2020

ADC launches COVID-19 resilience audit to support offshore industry

Aberdeen Drilling Consultants (ADC) has launched a resilience audit to help the global oil and gas industry maintain safe operations by protecting against the spread of COVID-19 on offshore installations.

20 May 2020

Total confirms the sale of UK assets to NEO Energy

Total confirmed its commitment to completing the sale of its UK North Sea non-core assets, first announced in July 2019, and that it had renegotiated financial terms with private equity investor HitecVision.

20 May 2020

NOCs to slash over a quarter of exploration budgets on average in 2020, says WoodMac

National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie.

20 May 2020

China and OPEC commit to working together to help stabilise the global oil market

OPEC Secretary General HE Mohammad Sanusi Barkindo virtually met a delegation from China via a webinar to discuss ways to stabilise the global oil market.

20 May 2020

Lamprell awarded EPIC contract by Sharjah National Oil Corporation

Lamprell has been selected by SNOC to undertake a contract associated with the Mahani gas and condensate field in Sharjah, UAE.

20 May 2020

Petronas completes 50% farm-down in Suriname asset to ExxonMobil

Malaysia's Petronas has completed the farm-down of 50 per cent of its participating interest to ExxonMobil from a 100 per cent participating interest in Block 52, offshore Suriname.

19 May 2020

McDermott, Chiyoda announce first liquid from Cameron LNG Train 3

McDermott and its joint venture partner, Japan’s Chiyoda Corporation, announced that Train 3 of the Cameron LNG project in Hackberry, U.S has begun producing LNG

19 May 2020

McDermott awarded offshore contract in the Middle East

McDermott has been awarded a contract from a Middle East customer to carry out front-end engineering and design work for offshore riser platform topsides.

19 May 2020

ENEC completes significant test for Unit 4 at Barakah

The Emirates Nuclear Energy Corporation (ENEC) has successfully completed Cold Hydrostatic Testing (CHT) at Unit 4 of the Barakah Nuclear Energy Plant, in the Al Dhafra region of Abu Dhabi, UAE.

19 May 2020

Neptune Energy ends deal to buy Edison E&P’s UK and Norway assets

Neptune Energy announced that it has agreed to terminate the agreement to acquire Edison E&P’s UK and Norwegian subsidiaries from Energean Oil and Gas.

19 May 2020

Global demand for natural gas will drop 2% in 2020, says Rystad Energy

Rystad Energy estimates global natural gas demand to fall by almost 2 per cent this year as a result of the lower activity.

18 May 2020

Aries gets approved by Saudi Aramco

UAE-based Aries Marine Services is one among the very few listed NDT companies based in Saudi Arabia that have received the approval of Saudi Aramco.

18 May 2020

Drydocks World begins offshore installation vessel conversion project

Dubai-based Drydocks World marked the start of production on an offshore installation conversion project for Boskalis B.V. with a steel-cutting ceremony.

10 May 2020

Wintershall Dea: well positioned to weather the corona-crisis

Wintershall Dea CEO Mario Mehren spoke with Pipeline Oil and Gas News about how the German gas and oil company is coping with the coronavirus crisis and why the merger a year ago with DEA came at the right moment

10 May 2020

ADNOC Distribution opens four ‘On the go’ neighborhood stations

UAE's ADNOC Distribution has announced the opening of four new ‘ADNOC On the go’ neighborhood service stations in Abu Dhabi, bringing fuel and retail to closer to its customers

10 May 2020

BP launches feasibility study into hydrogen energy production facility in Australia

BP Australia announced that it will invest in a feasibility study into an export-scale renewable hydrogen production facility in Western Australia.

10 May 2020

Remote work technology: The one services segment that has benefited, says Rystad Energy

A Rystad Energy analysis of service companies’ earnings calls reveals a clear growth in cost-saving remote work technologies.

10 May 2020

Equinor sees first quarter 2020 earnings drop

Norway‘s energy firm Equinor reported a fall in earnings due to low oil prices that saw adjusted earning come in at $2.05 billion, down from $4.19 billion in the same period last year.

07 May 2020

DNO cuts 2020 spending by 35 per cent

Norway’s DNO reported that it had implemented 2020 budget cuts of US$350 million or 35 percent across all spend categories

07 May 2020

Subsea 7 wins contract offshore UK

Subsea 7 announced the award of a contract by Independent Oil and Gas for the Blythe and Vulcan Satellites field development, located in the UK.

07 May 2020

MOL Group reported US$152 mln net loss in Q1 2020

Hungary’s MOL Group announced a US$152 million net loss for Q1 2020, which it blamed on the COVID-19 pandemic-related crisis.

07 May 2020

Demand for umbilicals set for multi-year blow, despite cost savings

The COVID-19 pandemic and its devastating effect on global energy investments is set to damage subsea purchases, a Rystad Energy impact analysis reveals

07 May 2020

McDermott to build LPG spheres in the Caribbean

McDermott announced CB&I Storage Solutions has been awarded a contract for four liquefied petroleum gas (LPG) spheres for an energy infrastructure project in the Caribbean region.

06 May 2020

COVID-19 to impact the LNG market as well, says Rystad Energy

LNG shut-ins? COVID-19 to also hit liquid gas as Europe will struggle to be the sponge for another year, says Rystad Energy.

06 May 2020

Petrofac secures US$100 mln worth of project renewal in the UK

Petrofac’s Engineering & Production Services business (EPS) has been awarded two three-year renewals in the UK, worth a combined total of more than US$100 million.

06 May 2020

DNO completes Baeshiqa testing in Kurdistan Region of Iraq

Norway’s DNO announced completion of testing and appraisal of the Baeshiqa-2 exploration well in the Kurdistan Region of Iraq.

06 May 2020

Equinor divests remaining stake in Lundin Energy

Norway's Equinor has agreed to sell its remaining financial shareholding in Lundin Energy, comprising around 14 million shares (4.88 per cent stake) for US$335 million.

06 May 2020

Sonatrach and Lukoil sign MoU to invest in Algeria

Sonatrach and Russia’s Lukoil, have signed a MoU to look at possibilities for the two parties to invest jointly in exploration and production operations in Algeria

05 May 2020

Saudi Aramco continuing to supply the world energy needs

Saudi Aramco has provided an update on how it is managing during the COVID-19 crisis and continuing to supply the world the energy it needs.

05 May 2020

Total aims to get to net zero emissions by 2050

France’s Total announced its ambition to get to net-zero emissions by 2050 across its global business, production and energy products used by its customers.

05 May 2020

IEV awarded subsea inspection contact in Malaysia

05 May 2020

Shell sells U.S. Appalachia assets to National Fuel

Shell has reached an agreement with U.S. energy company National Fuel Gas Company (NFG) to sell its Appalachia shale gas position for US$541 million.

05 May 2020

Global investment slowdown set to cause undersupply in 2025, says Rystad Energy

The lack of activity and investments currently planned by cost-conscious E&P firms, combined with an inevitable rebound in global oil demand, is set to cause a supply deficit in 2025, says Rystad Energy

05 May 2020

Wintershall Dea highlights successful first year since merger

Wintershall Dea celebrated the first anniversary of its merger and feels that the successful integration creates potential for the future.

05 May 2020

Wintershall Dea and partners make two oil finds off Mexico

Wintershall Dea and its license partners have made significant oil discoveries on the Polok and the Chinwol prospects in Block 29 offshore Mexico.

04 May 2020

Repsol launches first large solar community in Spain

Spain’s Repsol has launched Solmatch, the first large solar community in Spain, as part of company’s strategy to become a net zero emissions company by 2050.

04 May 2020

Gulf Marine rejects Seafox takeover offer

Abu Dhabi-based Gulf Marine Services (GMS) has announced that it has rejected Holland’s Seafox's unsolicited US$32 million approach to acquire GMS on 30th April.

04 May 2020

Saipem wins deal for gas pipeline project in Baltic Sea

Saipem has been awarded a contract worth 280 million euro by Gaz-System for the transportation and installation of a natural gas pipeline between Denmark and Poland in the Baltic Sea.

03 May 2020

Simmons Edeco completes onshore drilling in Mexico

Simmons Edeco announced that it has successfully completed a second series of development drilling of wells for a major oilfield services company in Mexico.

03 May 2020

Oil posts weekly gain as OPEC+ cuts begin

Oil prices rallied at the end of last week as U.S. and global benchmarks posted their first weekly gain in four weeks as Opec and its allies started on record output cuts on the 1st May.

03 May 2020

Global energy demand to plunge this year, says IEA

The COVID-19 pandemic represents the biggest shock to the global energy system in more than seven decades, with the drop in demand this year set to dwarf the impact of the 2008 financial crisis and result in a record annual decline in carbon emissions of almost 8 per cent.

03 May 2020

Reliance-Saudi Aramco deal still on track

India's Reliance Industries said that the deal to sell 20 per cent stake in the company to Saudi Aramco was still on track as due diligence was on-going.

03 May 2020

ExxonMobil posts Q1 2020 losses

U.S. oil giant ExxonMobil has posted an estimated first quarter 2020 loss of $610 million, compared with earnings of $2.4 billion a year earlier. It will also cut US$10 billion from its planned full-year capital expenditure.

30 Apr 2020

Fugro to reduce costs and expenditure

Fugro announced its 2020 Q1 results that showed the impact of COVID-19 varied by region with overall revenue still in line with last year with growth in Asia Pacific but a decline in the other regions.

30 Apr 2020

Global LNG demand resilient in face of COVID-19: IHS Markit

The COVID-19 pandemic has led to lockdowns across the globe and severe downgrades for short-term macroeconomic indicators. A major re-evaluation is needed for the supply and demand of each traded commodity and LNG is no exception.

30 Apr 2020

McDermott wins multiple storage tank contracts in Saudi Arabia

McDermott International announced CB&I Storage Solutions has been awarded three contracts to build storage tanks across Saudi Arabia.

30 Apr 2020

Sumitomo agrees deal with Yinson to take stake in FPSO set for Brazil

Sumitomo has concluded an agreement with Malaysia’s Yinson Holdings to take a 25 per cent stake in the FPSO owning and chartering business for the Marlim II Project, off the Brazilian coast.

30 Apr 2020

PTTEP to cut 2020 CAPEX

Thailand's PTTEP announced that it will be cutting this year’s capital expenditure by 15-20 per cent but it will still invest in the Mozambique Area 1 and Lang Lebah projects.

30 Apr 2020

European gas markets feel the pressure - but signs of recovery: WoodMac

Wood Mackenzie’s European gas team discusses the pressure on European gas markets and why there are signs of a slow recovery in demand.

29 Apr 2020

Tellurian works out US$50 million financing

U.S. LNG player Tellurian has announced that it has secured US$50 million worth of financing and a reduction to 2019 term loan.

29 Apr 2020

U.S. shut-ins could reach 300,000 bpd in May, June: Rystad Energy

U.S. oil production of at least 300,000 bpd will be shut during May and June, according to a Rystad Energy analysis of early communication from US oil producers.

29 Apr 2020

Neptune Energy announces Eneco as latest partner on hydrogen pilot

Neptune Energy announced Eneco has joined as a partner on the PosHYdon pilot, the world’s first offshore green hydrogen project.

29 Apr 2020

APICORP opens US$ 500 mln COVID-19 support fund for member countries

APICORP has launched a US$500 mln support package aimed at supporting its clients in member countries and the region in the energy sector to mitigate the COVID-19 pandemic as well as oil price fluctuations

29 Apr 2020

Neptune starts drilling off Norway

Neptune Energy announced the drilling campaign on the Fenja field off Norway is now underway, following the spud of the first well.

29 Apr 2020

BP saw earnings fall by 66%

UK's oil giant BP reported that its earnings dropped by 66 per cent in the first three months of this year, brought on by low oil prices and weakening demand.

29 Apr 2020

ADQ acquires full ownership of NPCC

Abu Dhabi’s ADQ announced that it had assumed full ownership of National Petroleum Construction Company (NPCC) after acquiring the 30 per cent shares previously held by ICC.

28 Apr 2020

Oil prices start week lower

Oil prices on Monday posted further losses after prices for WTI and Brent rose towards the end of last week. Monday saw U.S. oil futures post a loss of almost 25 per cent and Brent fell below the US$$20 mark as worries over storage and lack of demand continued.

28 Apr 2020

Edge controllers enable pipeline digital transformation

Digital transformation of new and existing pipelines using modern edge controllers provides rich new data access helping users improve operations says Denka Wangdi, Emerson

28 Apr 2020

Sparrows achieves UKAS accreditation for global inspection services

Sparrows Group has got a United Kingdom Accreditation Service (UKAS) accreditation for its onshore and offshore inspection activities.

27 Apr 2020

BP and Hilcorp renegotiate terms for Alaska asset sale

BP announced that it is commitment to completing the sale of its Alaska business to Hilcorp and that both firms have successfully renegotiated the financial terms of the deal to respond to the current environment.

27 Apr 2020

ADNOC, ADPower launch joint tender for subsea power transmission network in Middle East

ADNOC and Abu Dhabi Power Corporation (ADPower) announced the issuance of a joint tender for a first-of-its-kind project in the MENA region.

27 Apr 2020

Kvaerner sees negative impact from COVID-19

Norway's Kvaerner announced that its financial results for the first quarter 2020 have been negatively impacted by its actions to curb the spread of COVID-19.

26 Apr 2020

SDX Energy hits gas in Egypt

SDX Energy announced that it successfully flowed gas after drilling at its Sobhi discovery, on the South Disouq exploration permit, in Egypt’s onshore Nile Delta.

26 Apr 2020

Maersk Drilling adapts to changing market environment

Maersk Drilling announced what it is doing in light of the current commercial outlook that has seen the COVID-19 pandemic and lower oil price impact offshore drilling activity.

26 Apr 2020

Dana Gas shareholders greenlight demerger

The splitting of UAE's Dana Gas upstream and midstream businesses off from each other has gotten the greenlight from shareholders.

26 Apr 2020

Increasing significance of diversity during the current crisis

Pipeline writes about why diversity in the workforce is of paramount importance in the current market condition as companies look to cope with crisis management, capital spending cuts and diminished demand

23 Apr 2020

Saudi Arabia’s price push for oil market dominance in Asia

Gavin Thompson Wood Mackenzie's Asia Pacific Vice Chair talks about Saudi Arabia’s price push for oil market dominance in Asia

23 Apr 2020

Petrofac to increase support to Repsol Sinopec in UK

Petrofac is preparing to extend its provision of operations and maintenance services to Repsol Sinopec Resources UK, following an enhancement to its existing contract.

23 Apr 2020

Total buys Tullow entire stake in the Uganda Lake Albert project

Total and Tullow have entered into an agreement, through which Total has acquired Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude oil pipeline for US$575 million.

23 Apr 2020

U.S. fracking set for the biggest monthly decline in history, says Rystad Energy

The COVID-19 pandemic has ravaged global oil demand and, coupled with the extremely low price levels brought on by the wide supply surplus, is likely to cause the largest monthly drop in fracking activity ever recorded in the US, a Rystad Energy analysis shows.

22 Apr 2020

Total wins 135 MW of solar projects in France

Total, through Total Quadran, a wholly-owned affiliate dedicated to developing and producing renewable energy in France, was awarded 135 MW of solar projects in France.

22 Apr 2020

Pharos decides against buying Shell's upstream assets in Egypt

Pharos Energy has announced that after evaluating Shell Egypt's upstream portfolio in the Western Desert it has decided against it amid current market conditions.

22 Apr 2020

TechnipFMC wins offshore contract in Australia

TechnipFMC has been awarded a big subsea contract by Woodside for a project offshore Australia

22 Apr 2020

150 GW of renewables projects in Asia Pacific at risk: WoodMac

Wood Mackenzie’s latest research shows that up to 150 GW of wind and solar projects across the Asia Pacific could be delayed or cancelled over the next five years (2020 – 2024)

22 Apr 2020

Oil sell-off continues

The sell-off of oil has continued for a third day and has now spread to Brent crude, the international oil benchmark, that dropped to its lowest levels in two decades on Wednesday morning when Brent briefly hit US$16.

21 Apr 2020

SDX Energy hits more gas in Egypt

SDX Energy has found a commercial discovery of gas after drilling at the Sobhi well in the South Disouq exploration permit onshore the Nile Delta, Egypt.

21 Apr 2020

Maximising value from digital twin in asset management

Boston Consulting Group's managing director & partner Bjorn Ewers talks about maximising value from digital twin

21 Apr 2020

WTI May futures and oil storage issues to impact global markets, says GlobalData

Nandakumar Premchand, director at GlobalData, gave his view following the news that the WTI May futures nosedived 300 per cent to as low as almost negative $40 in early trades on 20 April 2020.

21 Apr 2020

Japanese firm to do feasibility study for petrochemical plant in Saudi Arabia

JXTG Nippon Oil & Energy Corporation announced that it will conduct the feasibility study of a new Ethylidene Norbornene (ENB) plant, to be built in Jubail, on Saudi Arabia’s eastern coast, as part of the petrochemical Amiral complex

21 Apr 2020

APRIL OVERVIEW OF ENERGY SUPPLIES

An April snapshot of the global oil production and supply, OPEC and non-OPEC rig count.

21 Apr 2020

U.S. oil futures entered negative territory

U.S. WTI oil prices have rebounded slightly on Tuesday morning after dropping below zero for the first time in history yesterday when contract prices fell by $55.90 a barrel to end on -$37.63 a barrel.

20 Apr 2020

U.S. crude prices collapse

U.S. crude oil prices collapsed by nearly 20 per cent on Monday as trading reopened with the Benchmark WTI crude touching nearly 20 year lows.

20 Apr 2020

BP supercomputer to aid global researchers halt COVID-19

BP is joining forces with the U.S. government, leading universities and the world’s largest technology companies by providing access to its supercomputer to help researchers halt the spread of COVID-19.

20 Apr 2020

Saipem awarded Egypt's first polybutadiene plant

Saipem has been awarded a contract worth US$150 million by Ethydco for the first polybutadiene-producing facility in Egypt

19 Apr 2020

Chevron completes sale of Azerbaijan assets to Hungary's MOL

Chevron announced that it has completed the sale of its non-operating Caspian Sea assets in Azerbaijan to Hungary’s MOL in a deal worth $1.57 billion

19 Apr 2020

Shell aims to be a net-zero company by 2050

Royal Dutch Shell announced plans to become a net-zero emissions energy business by 2050 or sooner.

19 Apr 2020

OPEC sees oil demand falling

OPEC in its monthly report said that demand for crude oil would drop to 20 million barrels per day in April, about one-fifth of previous de

19 Apr 2020

Shell invests in gas project in Australia

Shell has taken a final investment decision to develop the first phase of Arrow Energy’s Surat Gas Project in Queensland, Australia.

19 Apr 2020

ADNOC cancels contracts for the Dalma gas development project

Petrofac announced that its Petrofac Emirates joint venture with Sapura Energy has received notice of termination from ADNOC of two recently awarded contracts for the Dalma Gas Development Project.

19 Apr 2020

U.S. shale oil output set to drop in 2020, says Rystad Energy

Due to the combined effect of the COVID-19 pandemic and the low oil prices, U.S. shale operators are reducing spending, production and overall activity in 2020 that Rystad Energy says will lead to a decline in production.

16 Apr 2020

The future of drilling

John Clegg, director of Digitalisation and Automation at Weatherford, discusses what the future of drilling might look like

16 Apr 2020

U.S. crude stock builds break records as refinery runs decline

U.S. crude oil stock builds hit a new weekly record as about 17.2 million barrels were sent into storage, Rystad Energy estimates...

16 Apr 2020

With bleak outlook for 2020 oil demand, IEA sees hope for stock-draw

Global oil demand in April is forecast to collapse by 29 million bpd) and fall by a record 9.3 million bpd in 2020, IEA forecasts...

16 Apr 2020

Jera buys stake in Barossa project

Santos has announced it had signed a Letter of Intent to sell a 12.5 interest in the Barossa gas and condensate project in northern Australia to Japanese company Jera.

15 Apr 2020

GP Global acquires lubricants assets of Nigeria’s Grand Petroleum

GP Global has made a strategic acquisition of the lubricants assets of Grand Petroleum, Nigeria’s leading lubricants player and part of the Nosak Group, in order to expand and strengthen its presence in Nigeria and west Africa.

15 Apr 2020

More than half of 2020 licensing rounds at risk of cancelation

More than half of the world’s planned licensing rounds are likely to be cancelled this year, a Rystad Energy impact analysis forecasts...

15 Apr 2020

Wood wins onshore wind contracts worth $100 mln in U.S.

Wood has secured a number of engineering, procurement and construction (EPC) onshore wind contracts in the United States worth a combined US$100 million.

15 Apr 2020

Seizing downstream digital opportunities to improve profits

Georges El Mir, VP, Oil, Gas & Petrochemicals, Schneider Electric writes about how to seize all digital opportunities in downstream operations to improve profits...

15 Apr 2020

Rig builder Lamprell to to reduce operations to one yard

Lamprell will consolidate its operations to one yard, down from three as part of plans to significantly reduce cost and improve operational efficiency...

14 Apr 2020

Phaze Ventures invests in seismic monitoring startup SpotLight

Phaze Ventures, the Oman-based venture capital firm, announced its investment into SpotLight, the French geoscience startup that provides dynamic detection of subsurface movements...

14 Apr 2020

Three60 Energy awarded Spirit Energy contract

Three60 Energy, through its Step Change Engineering division, has been awarded an engineering and support services contract to provide minor modification and repair services for Spirit Energy’s UKCS assets.

14 Apr 2020

Shell decides not to go ahead with JV with Gazprom Neft

Russia's Gazprom Neft has announced that Shell has advised them that they will not pursue the completion of a deal to create a joint venture through Meretoyakhaneftegaz.

14 Apr 2020

Baker Hughes outlines plans to deal with low oil prices

Baker Hughes announced a financial update in response to the significant decline in oil and gas prices and the COVID-19 pandemic.

14 Apr 2020

Subsea 7 wins Chevron contract in the U.S. Gulf of Mexico

Subsea 7 announced the award of contracts by Chevron for subsea installation services for the Anchor field, located in the Green Canyon area of the Gulf of Mexico.

14 Apr 2020

APICORP posts 17 pct net income growth for 2019

The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, posted a 17 per cent year-on-year increase in net recurring income for 2019...

14 Apr 2020

COVID-19 and low oil prices - critical supply chain strategies

Vinodkumar Raghothamarao from IHS Markit writes about the supply chain disruption risks and opportunities for oil and gas companies amid low oil prices and COVID-19...

13 Apr 2020

OPEC+ finalises unprecedented deal, compromises on Mexico

OPEC+ agreed to the largest production cut in history, following four days of talks and U.S. pressure to close the deal despite a lesser contribution from Mexico....

13 Apr 2020

Snam and RINA to accelerate hydrogen development

Italy’s Snam and RINA, a global testing, inspection, certification and engineering consultancy services firm, have signed a Memorandum of Understanding to collaborate in the hydrogen sector.

13 Apr 2020

Saudi ports authority signs $1.87 bln container terminal deal

Saudi ports signed an agreement for a 7 billion riyals (US$1.87 billion) container terminal project in Dammam’s King Abdulaziz port with Saudi Global Ports...

13 Apr 2020

ExxonMobil to reduce CAPEX in market response

ExxonMobil is reducing its 2020 capital spending by 30 per cent and lowering cash operating expenses by 15 per cent in response to low oil prices...

13 Apr 2020

GP Global expands European bunkering network

UAE’s GP Global has expanded its international bunkering network with the addition supplying to Germany's Hamburg port...

12 Apr 2020

Gazprom moves ahead with gas production ramp-up, investments

In an update on major investment projects, Russia’s state gas company Gazprom said it continues to ramp up production and gas transport capabilities...

12 Apr 2020

Quarter of European ethylene capacity threatened by refinery cuts

At least 26 per cent of Europe’s ethylene production capacity is threatened by oil refineries running at reduced rates or ceasing production, according to new analysis by ICIS...

12 Apr 2020

Mexico holds back historic OPEC+ production-cut deal

Mexico disagrees with the amount of oil production cut it's required to deliver for an unprecedented OPEC+ deal to go through to address pandemic-driven dilapidated demand...

12 Apr 2020

Changing energy landscape results in new trends

Darren Grainger, managing director at NES Global Talent discusses key issues facing the oil and gas industry today when it comes to jobs, hiring and training...

09 Apr 2020

Abu Dhabi’s SAFEEN acquires large bulk carrier

SAFEEN, Abu Dhabi Ports’ maritime service arm, has announced a successful acquisition of a Post Panamax bulk carrier, making it largest vessel ever to join its inventory...

09 Apr 2020

Oil edges up ahead of OPEC++ meeting on hopes of output cuts

Oil prices inch up as anticipation grows that an unprecedented deal between top world producers to pull back output is on the horizon...

09 Apr 2020

China’s Sinopec starts building storage tanks at Tianjin

China’s Sinopec has started building storage tanks in the second phase of its Tianjin terminal project to receive liquefied natural gas (LNG)...

09 Apr 2020

U.S. crude storage to fill by a third as production continues strong

At current filling rates, a third of available crude storage capacity in the U.S. will already be filled in April, a Rystad Energy analysis shows...

08 Apr 2020

SDX Energy makes commercial discovery at Egypt’s Sobhi well

SDX Energy, the MENA-focused oil and gas company, said its Egypt Sobhi well in the South Disouq exploration permit onshore Nile Delta has struck high-quality gas-bearing sands...

08 Apr 2020

Allseas wins Aker BP removal contract for North Sea installations

Allseas has been awarded a contract by Aker BP for the removal and disposal of multiple topsides and jackets from the Valhall area in the Norwegian North Sea...

08 Apr 2020

MOL cuts CAPEX, slows output to ride out COVID-19 storm

MOL Group will lower capital spending by 25 per cent in 2020 and slow production while holding on to liquidity as it prepares to ride out the impact from COVID-19...

07 Apr 2020

Wintershall Dea makes discovery in Norwegian Sea

Wintershall Dea, has made an oil discovery at the own-operated Bergknapp prospect in the Norwegian Sea, close to the Maria field...

07 Apr 2020

Total sells assets in Brunei, Sierra Leone, Liberia

France’s Total has moved ahead with selling US$400 million worth of noncore assets in exploration-production in Brunei as well as marketing and services in Sierra Leone and Liberia as part of its divestment plans...

07 Apr 2020

Deep cuts to investments - are the majors’ dividends sacrosanct?

Simon Flowers, chief analyst Wood Mackenzie writes about the impact on majors’ dividends from COVID-19 and oil price crash...

06 Apr 2020

Petrofac to cut cost, conserve cash in COVID-19 response

Petrofac will reduce cost by US$100 million this year and by up to $200 million in 2021 amidst an unprecedented market disruption related to COVID-19...

06 Apr 2020

Lower for longer

The global chemical sector should prepare for an extended downturn along with lower-for-longer oil prices, both of which will have big implications for profitability and investments.

06 Apr 2020

Saudi Arabia to delay May crude prices until after OPEC+ meeting

Saudi Arabia will delay announcing its crude official selling prices for May until after a meeting between OPEC and its allies regarding possible output cuts, Reuters reported...

06 Apr 2020

Equinor hits oil in the U.S. Gulf of Mexico

Norway's Equinor and co-venturers Progress Resources and Spain's Repsol have found oil in the Monument exploration well in the U.S. Gulf of Mexico.

06 Apr 2020

Fugro to bring in cost cutting programme

Fugro has announced that it is implementing a cost and capex reduction programme to mitigate the impact of the COVID-19 pandemic and low oil prices.

06 Apr 2020

Woodside joins Japanese consortium to look at exporting hydrogen

Woodside has signed an agreement with Japanese companies JERA Inc, Marubeni Corporation and IHI Corporation to undertake a joint study examining the large-scale export of hydrogen

06 Apr 2020

Saudi proposal for emergency OPEC+ meeting gets backing

UAE announced its support for the Saudi Arabian proposal to hold an emergency OPEC+ meeting aimed at discussing production cuts...

06 Apr 2020

What will COVID-19 mean for LNG?

Boston Consulting Group writes about the impact on LNG demand from two seismic events of the COVID-19 pandemic and global oil price shocks…

05 Apr 2020

OPEC+ meeting delayed, oil rally tempered

Oil prices surged on Friday on hopes that U.S, Russia and Saudi Arabia would agree on productions cuts, while an OPEC+ meeting is delayed...

05 Apr 2020

ADNOC to continue UAE investments for value, growth

ADNOC said it will continue to invest responsibly to deliver on its 2030 smart growth strategy during this complex and challenging period...

05 Apr 2020

Total makes second oil find off Suriname

Total and Apache Corporation have made a second significant discovery with the Sapakara West-1 well on Block 58 offshore Suriname.

05 Apr 2020

US$210 bln of new spend in firing line, says Wood Mackenzie

Wood Mackenzie believes almost all pre-FID projects will be deferred as upstream project pipeline takes hit and the oil rout deepens...

02 Apr 2020

DNO receives payment for Tawke license deliveries

DNO ASA received US$77.2 million as payment for October 2019 crude oil deliveries from the Tawke license in the Kurdistan region of Iraq...

02 Apr 2020

BP outlines plans to deal with market disruption

BP set out actions it is taking in response to the COVID-19 pandemic and ongoing market disruption that will see the oil Major reduce CAPEX and bring forward cost cutting plans.

02 Apr 2020

TC Energy goes ahead with the Keystone XL pipeline

TC Energy Corporation announced that it will proceed with construction of the delayed Keystone XL Pipeline project this year.

02 Apr 2020

Woodside gets green light for Scarborough project

Woodside announced that it achieved an important regulatory milestone for its Scarborough gas development offshore Western Australia.

02 Apr 2020

TechnipFMC cuts CAPEX by 30%

TechnipFMC announced its plans to address market conditions brought on by the low oil price and the COVID-19 pandemic that will see the company cut its CAPEX by 30 per cent.

02 Apr 2020

Global natural gas prices to see lower 2020 averages

The world’s demand for natural gas is being impacted by the Covid-19 pandemic, and Rystad Energy estimates prices will reach lower averages than previously expected in 2020...

02 Apr 2020

Oil Search completes well tests in Alaska

Oil Search has announced that testing of the Nanushuk reservoirs encountered in the Mitquq 1 ST1 and the Stirrup 1 wells has been completed.

02 Apr 2020

McDermott announces first gas on ONGC offshore project

McDermott announced that early first gas on ONGC offshore project in India

01 Apr 2020

American ‘backyard’ wells face an inflexible choice - Rystad

Flexible ‘backyard’ wells in U.S., are at the risk of being the first candidates to be shut-in as global oil prices crash, inventories balloon and demand is shattered...

01 Apr 2020

Tendeka wins Thailand contract from Mubadala Petroleum

Completions service company Tendeka has signed a three-year contract with Mubadala Petroleum to supply sand-face completion equipment in Thailand...

01 Apr 2020

STATS Group expands pipeline technology operations in Oman

STATS Group, a pipeline technology company, has strengthened its presence in Oman with the opening of a new workshop, storage and testing facility in Muscat...

31 Mar 2020

AXESS Networks signs Saudi JV with Middle East Telecom

AXESS Networks has signed a joint venture agreement with the Saudi Arabian communications provider Middle East Telecommunications Co...

31 Mar 2020

Oil sees news lows amid pandemic-hit demand and rising supplies

Oil price slumped to a 17-year low this week as coronavirus lockdowns barrelled through the world’s largest economies, leaving the market overwhelmed by slumping demand and swelling inventories...

31 Mar 2020

ADNOC Distribution approves 2020, 2021 dividend at virtual AGM

ADNOC Distribution shareholders approved a second and final dividend payment for 2019, and agreed on a dividend of 2.57 billion AED for 2020 and 2021...

31 Mar 2020

Is crude oil storage on vessels the answer?

As demand for crude oil falls and storage tanks around the world fill up, is storing crude oil on vessels really the answer?

31 Mar 2020

Siccar Point and Shell delay FID on Cambo project

Operator Siccar Point Energy and its joint venture partner, Shell, have announced the deferral of the planned sanction date for the Cambo project to 2021 in light of Covid-19.

31 Mar 2020

African upstream capex could be cut significantly, says WoodMac

Faced with the double whammy of the oil price crash and the coronavirus pandemic, Africa’s upstream sector looks set to slash capital spending by around 33 per cent in 2020, says Wood Mackenzie.

30 Mar 2020

Equinor sees estimate-beating Sverdrup production ramp-up

Norway’s Johan Sverdrup field in the North Sea expects to reach plateau production for the first phase in early May, earlier than anticipated, Equinor said....

30 Mar 2020

Trio of oil and gas players unite to launch new ‘Coretrax’

Three oil and gas technology firms have joined forces to offer the global oil and gas industry an integrated and boundary pushing approach to well lifecycle integrity and production optimisation.

30 Mar 2020

Oman’s PDO to cut staffing amid virus impact

Petroleum Development Oman announced plans to reduce contractor staff on its projects in an attempt minimise the spread of the coronavirus...

30 Mar 2020

Eni starts production at wind farm in Kazakhstan

Eni, through its local renewable subsidiary ArmWind LLP, started the commercial production of the Badamsha Wind Farm located in Kazakhstan

29 Mar 2020

COVID-19 could wipe out solar and wind project growth for 2020

A Rystad Energy analysis shows that forecast growth in newly commissioned solar and wind projects will now be wiped out for 2020 and cut by a further 10% next year...

29 Mar 2020

OMV, Mubadala agree on payment tranches for Borealis stake purchase

Austria’s OMV has agreed with Mubadala Investment Company to pay for the US$4.7 billion purchase price of 39 per cent stake in plastics company Borealis in two tranches...

29 Mar 2020

Oil supply most at risk of shut-in as demand and prices fall

WoodMac looks at global short run marginal costs for current production to assess which supply runs the most risk of shutting as demand and oil prices plunge...

29 Mar 2020

Permian production already a victim of oil price war, says GlobalData

Following the announcement that several key operators in the Permian Basin are significantly reducing capex or production in their positions as a result of the severe oil price fall; GlobalData provides its view on the situation.

26 Mar 2020

McDermott wins technology contract in Southeast Asia

McDermott International announced that Chevron Lummus Global (CLG), McDermott's joint venture with Chevron, has been awarded a contract in Southeast Asia.

26 Mar 2020

Global oil markets face reckoning: IHS Markit

Key conclusions from the latest assessment of oil markets by Roger Diwan, vice president, financial services, IHS Markit

26 Mar 2020

ConocoPhillips to slow operational activity in Lower 48

ConocoPhillips is taking several actions in response to the recent oil market downturn that will see it lower its operating expenditures by slowing development plans.

26 Mar 2020

P&O Maritime Logistics embracing digitalisation

Martin Helweg, chief operating officer, P&O Maritime Logistics talks about the impact of digitalisation in the massive sector and launching a new open maritime data system...

26 Mar 2020

ADNOC Distribution proposes $700mln dividend for 2020, 2021

ADNOC Distribution has proposed an annual dividend of 2.57 billion dirhams ($700 million) for 2020 and 2021...

25 Mar 2020

Italy’s Eni to review Middle East projects

Eni is reviewing its projects in the Middle East because of the coronavirus pandemic and oil market conditions...

25 Mar 2020

Consortium finalises funding for Oman’s solar PV power plant

ACWA Power, GIC and AEPC have finalised financing for the US$400 million 500 MW solar photovoltaic power project in Ibri, Oman...

25 Mar 2020

Over a million oilfield services job cuts seen in 2020 -Rystad

More than a million jobs in the oilfield service industry are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19 epidemic and the ongoing oil price war...

25 Mar 2020

Chevron to reduce capital spending by US$4 bln

U.S. Chevron has announced a cut in capital and exploratory spending by 20 per cent to $16 billion in response to market conditions...

25 Mar 2020

Equinor suspends share buy-back programme

Norway's Equinor announced that under the current market conditions it is suspending buy-back under the share buy-back programme until further notice.

25 Mar 2020

Sharjah’s NOC sees delay in Mahani first gas on COVID-19

Sharjah National Oil Corporation expects slight delays in first gas production from its Mahani onshore gas exploration project due to the impact from the coronavirus outbreak...

24 Mar 2020

Covid-19 and oil price war to impact world’s energy project sanctioning in 2020

The effect of the covid-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented rate, are poised to wreak havoc on new project development plans for this year, says Rystad Energy.

24 Mar 2020

Sound Energy gets Morocco gas facilities approval

Sound Energy said Moroccan authorities have given an approval for a gas treatment and compression complex...

23 Mar 2020

Zamil Shipyards, KenzFigee sign MoU for Saudi cooperation

Zamil Shipyards and KenzFigee signed a MoU for cooperation in Saudi Arabia for the provision of offshore crane services and local construction of KenzFigee offshore cranes and equipment...

23 Mar 2020

Shell unveils operational and financial cuts

Shell says it is taking decisive action to reinforce the financial strength and resilience of its business so that the company is well-positioned for the eventual economic recovery.

23 Mar 2020

Aker BP reduces capex by 20 per cent in 2020

Aker BP announced an update to its investment programme in response to the high uncertainty caused by the COVID-19 crisis that sees the company cut its 2020 capex by 20 per cent.

23 Mar 2020

Emerson enters into a 7-year strategic alliance with SABIC

Emerson signed a strategic agreement to serve as a preferred automation services and technologies provider with SABIC to adopt digital transformation programs and optimise operations...

23 Mar 2020

Total announces action plan to deal with low oil prices

Total Chairman & CEO Patrick Pouyanné announced an immediate action plan to deal with the sharp drop in oil prices...

23 Mar 2020

Xodus sees major growth in cable services

Xodus Group has recorded a major increase in the provision of services related to subsea power cables over the last twelve months

23 Mar 2020

Chemical and oil companies to slash capex, slowing investment wave

Joseph Chang from ICIS Chemical Business looks at the impact of the cuts to planned projects in the wake of the coronavirus as well as the wider market.

23 Mar 2020

Energy market turmoil deepens challenges for many major oil and gas exporters: IEA

Global oil and gas markets are facing an unprecedented situation: demand is collapsing because of the impact of the coronavirus (COVID-19) while supply, already overabundant, is significantly increasing.

19 Mar 2020

Equinor outlines response to coronavirus

Norway’s Equinor said that in response to the spread of the coronavirus and significant fall in oil prices it is making temporary changes to ensure an effective response

19 Mar 2020

Tristar Group signs transport deal with Linde in Saudi Arabia

Tristar Group has announced that its joint venture United Stars in the Saudi Arabia has signed a five-year contract with Linde-Sigas, a majority owned subsidiary of Linde in the Kingdom.

19 Mar 2020

INOXCVA signs MoU with Shell for LNG distribution in India

INOX India (INOX) has signed a Memorandum of Understanding (MoU) with Shell Energy India for partnering and developing the market for LNG supply by road from Shell's LNG Terminal in Hazira (District Surat), Gujarat.

19 Mar 2020

TAQA posts stable operational performance in 2019

TAQA achieved stable operational performance for the 12-month period ended December 31, 2019 with increased production levels across its businesses: power, water, oil and gas.

19 Mar 2020

DNO to slow drilling at Tawke

DNO has stated that development drilling at the Tawke field in the Kurdistan Region of Iraq has been scaled back due to the current market conditions.

19 Mar 2020

Total to enter first offshore wind project in the UK

Total has signed an agreement with the developer Simply Blue Energy to acquire 80 per cent stake in the floating wind project Erebus located in the Celtic Sea, in Wales.

18 Mar 2020

A crude tsunami is coming: Rystad Energy

Up to 3 million bpd of extra oil can hit the market from April and more coming in May, says Rystad Energy

18 Mar 2020

Coronavirus impact on the global power and renewables industry: WoodMac:

The Wood Mackenzie Energy Transition Practice team in its a weekly update on coronavirus is looking at the impact on the global power and renewables industry.

18 Mar 2020

MOL makes oil and gas find off Norway

MOL Group and its joint venture partners have discovered oil and gas in an offshore field in the Norwegian part of the North Sea.

18 Mar 2020

Wintershall Dea sees strong production in 2019

The first year of Wintershall Dea following the merger saw the company achieve a strong operating performance but challenging times lie ahead.

18 Mar 2020

Emerson introduces new data visualisation software for flow measurement

Micro Motion ProcessViz software provides an easy-to-use graphical view of data from Micro Motion Coriolis flow meters

17 Mar 2020

IEA and OPEC discuss global oil markets

The IEA Executive Director and OPEC Secretary General discussed the current situation in global oil markets and emphasised the importance of finding ways to minimise the impact of coronavirus (COVID-19).

17 Mar 2020

Total and partners makes gas find off UK

Total and its partners have announced that they have made an encouraging gas discovery at the Isabella well in the Central North Sea offshore U.K

17 Mar 2020

Historic surplus of oil will push prices lower: IHS Markit

U.S. production to bear the largest impacts in 2020-2021, could fall by 2-4 million barrels per day over next 18 months

17 Mar 2020

Bilfinger takes new direction to maximise regional opportunities

President and CEO of Bilfinger Middle East, Jon Rokk, speaks about the way forward for the engineering and maintenance company.

17 Mar 2020

ExxonMobil looking to reduce near-term costs

U.S. oil giant ExxonMobil has announced that it is looking to significantly reduce spending as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases.

16 Mar 2020

Eni supporting Italian efforts in fight against coronavirus

Eni has announced that it has put in place a number of immediately operational activities to support those in the front line of the current emergency fighting against the coronavirus.

16 Mar 2020

TechnipFMC halts separation in current market environment

TechnipFMC has announced that due to the change in market conditions from the coronavirus and low oil prices the company has put on hold for now its plans to spin off its onshore/offshore unit.

15 Mar 2020

Air Products’ technology picked for Mozambique’s LNG project

Air Products has signed an agreement to provide its proprietary LNG technology, equipment and related process license and advisory services to the Mozambique LNG Project.

15 Mar 2020

Rystad Energy sees oil demand dropping significantly

Rystad Energy compiled a comprehensive report calculating the effect of the novel coronavirus and updating estimates for global fuel markets.

15 Mar 2020

Saudi Aramco sees 2019 profit fall

Saudi Aramco announced its full year 2019 results that saw its net profit drop by 21 per cent and see the oil giant cut its 2020 spending to $25-$30 billion, compared to $32.8 billion in 2019.

12 Mar 2020

Energising millennials

As the world pivots towards a lower carbon energy future, the oil and gas industry is looking to upskill and welcome a new generation of leaders, engineers and innovators to reshape and reinvigorate the sector.

12 Mar 2020

OMV buys majority stake in Borealis for US$4.68 billion

Austria's OMV and Abu Dhabi-based Mubadala Investment Company, signed an agreement that will give OMV a controlling stake in Borealis for US$4.68 billion.

12 Mar 2020

Oil market rout may boost Asia’s appetite for gas, says WoodMac

In the short term, the biggest downside risk from the oil price crash to gas supply is associated with gas production – largely from unconventionals in the US.

12 Mar 2020

Total to build the largest battery-based energy storage project in France

Total launches a battery-based energy storage project in Mardyck, at the Flandres Center, in Dunkirk’s port district.

12 Mar 2020

SDX Energy has more success in Egypt

SDX Energy has announced the result of its Rabul-3 well in the West Gharib Concession in Egypt that hit heavy oil.

12 Mar 2020

OPEC sees lower oil demand

OPEC in its latest Monthly Oil Market Report (MOMR) has revised down its oil demand growth forecast for 2020 to 60,000 bpd, a reduction of 92,000 bpd from its previous forecast, as a result of the Covid-19 outbreak.

11 Mar 2020

Saudi Arabia to increase oil production to 13 mln bpd

Saudi Arabia's energy ministry has requested Saudi Aramco to increase its production from 12 million to 13 million bpd the company said in a statement to the Saudi stock exchange.

11 Mar 2020

Oil markets and industry brace for crash as supply floodgates open

Markets, already reeling from a demand crisis, now face a compounding supply shock and price war says IHS Markit

11 Mar 2020

ADNOC to increase supply to over 4 mln bpd in April 2020

ADNOC Group CEO, H.E. Dr. Sultan Ahmed Al Jaber announced that it will be increasing production from three million bpd to four million bpd from April.

10 Mar 2020

Oil price rout may trigger major industry shake-up: WoodMac

Wood Mackenzie look at how the recent oil price crash may trigger a major industry shake-up

10 Mar 2020

Cybersecurity impacts upstream oil and gas industry business in 2019

Paul Carthy MD of Accenture's Energy Industry Group talks about the main findings from the seventh edition of the Accenture Upstream Oil and Gas Digital Trends Survey 2019 and how cybersecurity will have a major impact

10 Mar 2020

ConocoPhillips sells off two Lower 48 assets

ConocoPhillips has completed selling its Niobrara and Waddell Ranch assets to undisclosed buyers.

10 Mar 2020

Oil bounces back slightly

Oil prices bounced back slightly on Tuesday morning in early trading but it is not expected that prices will quickly regain the massive losses made on Monday that saw the biggest daily rout of crude in nearly 30 years.

09 Mar 2020

Siemens completes its first solar project in Pakistan

Siemens has completed the supply of equipment and services for a major substation that will help in supplying low-cost electricity to Karachi, Pakistan.

09 Mar 2020

Shelf Drilling gets jack-up rig extension in Egypt

09 Mar 2020

ACWA Power signs energy agreements with Uzbekistan

ACWA Power announced the signing of three new strategic agreements, potentially worth up to US$2.5 billion, with The Ministry of Energy of Uzbekistan to amplify power generation and develop technical expertise.

09 Mar 2020

Shearwater awarded a deep-water contract in GoM

Shearwater GeoServices has been awarded a major Ocean Bottom Seismic deepwater ROV project by TGS and partner in the Gulf of Mexico, U.S.

08 Mar 2020

Fugro wins large survey on Inpex’s Abadi LNG project

Japan’s Inpex has awarded Fugro a large marine survey contract for the Abadi LNG project in Indonesia.

08 Mar 2020

Special OPEC meeting ends with no new deal as oil price plunges

The special OPEC and OPEC+ meeting in Vienna ended with no deal between OPEC and Russia who disagreed on introducing on deeper cuts beyond the end of March that saw oil prices fall by 10 per cent on Friday and on Monday morning by a dramatic 30 per cent.

08 Mar 2020

OMV negotiating with Mubadala to increase stake in Borealis

Austria's OMV has announced that is currently negotiating with Abu Dhabi's Mubadala to buy an additional 39 per cent share in Austria's Borealis for a purchase price of US$4.68 billion.

08 Mar 2020

Pharos Energy evaluating Shell’s upstream assets in Egypt

Pharos Energy has confirmed that it is looking at the purchase of Shell's upstream portfolio in the Western Desert in Egypt as part of a consortium and is in the preliminary stages of its evaluation.

08 Mar 2020

Egypt Oil & Gas Report

A look at Kpler’s February oil & gas stats from Egypt

05 Mar 2020

Shale oil production growth at an inflexion point

After years of high production growth, the U.S. unconventional sector is entering into a new phase, says Alexandre Andlauer from Kpler

05 Mar 2020

Equinor and Shell sign MoU on digital collaboration

Equinor and Shell have signed a MoU on digital collaboration to develop solutions and methods together through the exchange of expertise within areas like data science, artificial intelligence and 3D printing.

04 Mar 2020

DNV GL appoints new chief financial officer

DNV GL appointed Kjetil M. Ebbesberg as the new Group CFO in DNV GL, succeeding Thomas Vogth-Eriksen...

04 Mar 2020

Weatherford launches Centro digital well delivery

Weatherford International, the global oilfield services and technology company, launched Centro™, a holistic approach to effectively managing complex wellsite operations digitally...

04 Mar 2020

ARO Drilling launches IFS Applications across rigs fleet

ARO Drilling, a Saudi Arabia-focused company, has deployed IFS Applications to unify mission-critical business processes across its headquarters and fleet of 16 offshore drilling rigs...

04 Mar 2020

SDX Energy finds new gas onshore Morocco

SDX Energy, the Middle East focused oil and gas developer, said it has found commercial quantities from its new Morocco well...

04 Mar 2020

Maersk Drilling wins offshore Egypt well contract

Maersk Drilling has been awarded a one-well contract, valued at around US$3.8 million for the semi-submersible rig Maersk Discoverer offshore Egypt...

04 Mar 2020

Lacking higher bid, McDermott goes ahead with Lummus sale

McDermott failed to attract a higher bid for its Lummus Technology business and will move ahead with a US$2.73 billion sale agreement with Chatterjee Group and Rhône Capital...

03 Mar 2020

Digitalisation taking off in the energy sector

Craig Hayman CEO of AVEVA, speaks about why digital transformation is coming in a big way to the energy sector and how it can benefit companies and customers alike...

03 Mar 2020

Eni completes Algeria gas pipeline to boost exports

Eni has completed construction of the gas pipeline connecting Algeria's Bir Rebaa Nord and Menzel Ledjmet Est fields...

03 Mar 2020

Shell/Exxon JV agree with Somalia for offshore exploration plans

Somalia has agreed on an initial roadmap with a Shell/Exxon joint venture to explore and develop potential offshore oil and gas reserves...

03 Mar 2020

OPEC Feb output slumps on Libya, excessive cuts – survey

OPEC oil output dropped in February, slumping to its lowest in over a decade after supplies from Libya nearly halted due to a blockade of ports and oilfields, according to a Reuters survey...

03 Mar 2020

Subsea 7 awarded contracts offshore Australia and US Gulf of Mexico

Subsea 7 won two contracts, worth up to US$800 million by ConocoPhillips and Murphy Exploration and Production...

02 Mar 2020

Equinor and Neptune make new discovery in North Sea

Equinor and partner Neptune struck oil in the Sigrun East prospect in the North Sea with recoverable resources estimated at between 7 and 17 million barrels of oil equivalent...

02 Mar 2020

Dana Gas says operations unaffected by coronavirus

UAE-based Dana Gas, the Middle East’s largest regional private sector natural gas company, said its operations have been unaffected by the spread of the COVID-19 known as coronavirus....

02 Mar 2020

GCC refiners value digital tech’s transformative benefits

Gulf Cooperation Council refiners are turning their attention to the transformative benefits and growing necessity of digital applications to advance in the digital age...

01 Mar 2020

Coronavirus to delay 2020 FPSO delivery, push E&P spending

Rystad Energy expects the outbreak of the coronavirus to cause extensive staffing and supply shortages in FPSO shipyard building countries that will in turn delay project deliveries...

01 Mar 2020

Eni, Naturgy sign agreement with Egypt to restart Damietta LNG plant

Eni, Naturgy and the government of Egypt signed agreements that resolve disputes over the Damietta gas liquefaction plant that pave the way for operations to restart...

01 Mar 2020

Energean to acquire Total’s share in offshore Greece acreage

Energean Oil and Gas signed an agreement for the acquisition of Total’s stake in Block 2, offshore Western Greece, as the company looks to grow its portfolio...

01 Mar 2020

New report calls for rapid pivot to gas

International energy consultancy Xodus Group has launched new analysis showing that a rapid pivot to gas will be required to deal with rising global energy demand...

01 Mar 2020

Is the upstream sector spending enough - WoodMac

Simon Flowers, WoodMac’s chief analyst looks as upstream spend on development & exploration...

01 Mar 2020

EU clears Saudi Aramco’s SABIC stake acquisition

Saudi Aramco received unconditional EU antitrust approval for its $69.1 billion offer to acquire a 70 per cent stake in SABIC...

27 Feb 2020

Scarborough participating interest with Woodside and BHP agreed

Woodside and BHP have agreed to align their participating interests for the Scarborough field off Australia ahead of a final investment decision this year.

27 Feb 2020

McDermott breaks ground on Saudi fabrication facility

McDermott broke ground on its new fabrication facility within the King Salman International Complex for Maritime Industries and Services in Ras Al-Khair, Saudi Arabia...

27 Feb 2020

Eni sees Angola's Agogo resources jump

Eni announced the results from the drilling programme on Agogo 3, off Angola, increases the size of the field to 1 billion barrels of oil in place and paves the way for its full field development with a third production hub.

27 Feb 2020

APS launches latest industrial battery charger

Applied Power Systems (APS) has launched its latest three phase industrial battery charger,

27 Feb 2020

Coronavirus impact to be on energy prices not projects -WoodMac

The upstream oil and gas sector’s biggest commercial fear from the Coronavirus epidemic is its impact on demand and prices...

27 Feb 2020

The growing circular economy around plastics and sustainability

Accenture's Bartels talks about the growing circular economy around plastics and sustainability...

26 Feb 2020

Saudi Aramco signs 66 agreements worth $21 bln

Saudi Aramco signed 66 agreements, worth over US$21 billion with companies for work across the Saudi Arabian energy sector...

25 Feb 2020

GP Global plans Americas expansion with new appointment

GP Global said it is expanding its trading operations to the Americas with the appointment of Gene Owen as president of trading...

25 Feb 2020

Oxford Flow’s IM valve to transform UK's gas networks

Oxford Flow has announced its IM valve has been approved by SGN, for use in its United Kingdom's gas networks...

25 Feb 2020

Equinor to end exploration drilling plan in the Great Australian Bight

Norway’s Equinor has informed the Australian authorities of its decision to discontinue its exploration drilling plan in the Ceduna sub-basin, offshore South Australia...

25 Feb 2020

Schlumberger opens Saudi manufacturing centre

Schlumberger opens manufacturing centre in King Salman Energy Park that supports Saudi Aramco’s In-Kingdom Total Value Add program to promote economic growth...

25 Feb 2020

Energy sector a prime target for cyber attacks

Ashraf Koheil, regional director, MEA – FireEye talked about the type of cyberattacks the energy sector can face and what companies should look to do...

25 Feb 2020

ADNOC aims to be among least carbon-intensive oil and gas producer

ADNOC is building on its position as one of the least carbon-intensive oil and gas producers in the world by significantly expanding its CCUS program...

25 Feb 2020

Halliburton awarded digital transformation contract in Indonesia

Halliburton Company has won a digital transformation contract from Pertamina, the largest Indonesian oil and gas company.

24 Feb 2020

Worley wins two deals for Mozambique LNG

Worley has been awarded two master service agreements (MSAs) by Total to provide services to the Mozambique LNG Project.

24 Feb 2020

Energy storage to accelerate global energy transition in 2020s, says Wood Mac

The starting gun has sounded for the global storage market, which is set to grow from approximately 4GW of annual deployments in 2019 to more than 15GW in 2024, according to Wood Mackenzie.

24 Feb 2020

Survivex launches drilling well control centre of excellence

A new training centre of excellence for drilling and well control is being unveiled in Aberdeen to train drilling and well control personnel in the onshore and offshore oil and gas industry, in an aim to boost competence and safety.

24 Feb 2020

Saudi Aramco receives regulatory approval for Jafurah gas field

Saudi Aramco said it has obtained regulatory approval to develop the Jafurah unconventional gas field in the Eastern Province, with production expected to start early 2024...

23 Feb 2020

Petrofac awarded $40 mln project by Sharjah NOC

Petrofac has been awarded an engineering, procurement, construction and commissioning contract by Sharjah National Oil Corporation, worth around US$40 million...

23 Feb 2020

Middle East gas market growing faster than global energy demand

The natural gas market in the Middle East is experiencing a substantial growth phase, with its cost of supply remaining competitive in the long-term despite shale revolution...

23 Feb 2020

Hunting acquires Enpro Subsea

Enpro Subsea has been acquired by Hunting, the international energy services group, who has bought one hundred percent of the issued share capital of Enpro Subsea and its subsidiaries in Norway, US and Ghana.

20 Feb 2020

Siemens to modernise jackup rig for Arabian Drilling Company

Siemens was awarded a contract by Arabian Drilling Company to modernise drilling-drives lineup to be installed on an offshore jack-up drilling rig for a customer in the Middle East...

20 Feb 2020

Gas production from Sillimanite starts

Wintershall Noordzee B.V. (a joint venture of Wintershall Dea and Gazprom) has successfully started gas production from its operated Sillimanite field in the Southern North Sea.

20 Feb 2020

ABB integrates solutions amid an energy industry transition

ABB Energy Industries Christian Cravedi and Ronan O’Sullivan speak about strategies that are supporting the energy world’s shift...

20 Feb 2020

Oman awards exploration acreage to Total & PTTEP

Oman’s Ministry of Oil awarded a new exploration and production agreement to the joint-venture comprising Total E&P and Thailand’s PTTEP...

20 Feb 2020

Demand for LNG grew in 2019, says Shell

Global demand for LNG grew by 12.5 per cent to 359 million tonnes in 2019, according to Shell’s latest annual LNG Outlook.

20 Feb 2020

Penspen and QiO Technologies announce their partnership with launch of THEIA

Penspen has developed THEIA in partnership with QiO Technologies as an environment for pipeline operators across the world to access Penspen’s expertise in defect assessment and asset integrity management.

19 Feb 2020

First Marine Solutions announces new hires for marine services

First Marine Solutions has made two senior appointments to strengthen the firm’s marine and engineering services...

19 Feb 2020

ADNOC signs base oil seller deal with China’s Xiamen Sinolook Oil

ADNOC signed an exclusive seller agreement with Xiamen Sinolook Oil Co. for Group III base oil for the Chinese market...

19 Feb 2020

Vaalco strikes oil from second appraisal well offshore Gabon

U.S. company Vaalco Energy said it has struck oil in the Gamba foundation, offshore Gabon from the South East Etame 4P appraisal wellbore in the Vaalco operated concession...

18 Feb 2020

McDermott awarded contract for storage tanks in the U.S.

McDermott International has been awarded a contract by a major oil and gas operator for six crude oil storage tanks in Texas.

18 Feb 2020

ADNOC awards $1.65 bln construction contracts for Dalma gas project

ADNOC awarded two contracts worth US$1.65 billion for the construction of offshore facilities for the Dalma gas project to Petrofac and its JV with Sapura Energy...

18 Feb 2020

Rystad Energy hires three new market experts

Rystad Energy announced the hiring of three new members to its expanding global team of experts, each of whom bring significant experience within energy markets and metals...

18 Feb 2020

IFR forms strategic alliance with SIMMONS EDECO in Mexico

International Frontier Resources Corporation (IFR) has signed a two year cooperation agreement with oilfield service provider SIMMONS EDECO

18 Feb 2020

Halliburton introduces streaming well test data retriever

18 Feb 2020

Grandweld to deliver support vessels to High Seas Marine

Grandweld Shipyards has secured a contract to build four support vessels for Saudi-based offshore oil and gas service provider, High Seas Marine Industrial Services...

17 Feb 2020

Kuwait begins trial crude production at neutral zone fields

Kuwait’s oil minister said crude production testing would begin at the al-Wafra and al-Khafji fields before volumes are gradually increased to normal levels before year-end...

17 Feb 2020

UAE’s FANR issues operating license for nuclear power plant unit 1

UAE’s nuclear watchdog, the Federal Authority for Nuclear Regulation (FANR), has issued the operating license for Unit 1 of the Barakah Nuclear Power Plant to the Nawah Energy Company...

17 Feb 2020

Tullow comes up dry with Peru's Marina-1 exploration well

Tullow Oil announced that the Marina-1 exploration well, drilled on Z-38 licence offshore Peru, has not encountered significant hydrocarbons.

17 Feb 2020

Eni makes oil find in Sureste Basin offshore Mexico

Eni announced a new oil discovery on the Saasken Exploration Prospect in Block 10, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico.

16 Feb 2020

AVEVA launches new HMI SCADA software

AVEVA has unveiled its latest operations portfolio delivering a new level of technology and commercial flexibility.

16 Feb 2020

SDX launches drilling operations at South Disouq

SDX Energy, the MENA-focused oil and gas company, said it started drilling operations at the Salah well in South Disouq in Egypt...

16 Feb 2020

Enbridge agrees takeover of Rio Bravo pipeline from NextDecade

Canada's Enbridge has agreed to acquire the Rio Bravo Pipeline Company, a proposed pipeline project for the Rio Grande LNG export facility, from NextDecade for US$25 million.

16 Feb 2020

Global oil stocks to pile up due to coronavirus: Rystad Energy

The coronavirus outbreak in China will curb global oil demand growth by at least a quarter this year, and the production cuts of 600,000 bpd proposed by an OPEC+ committee are far from enough to balance the market, a Rystad Energy analysis shows.

13 Feb 2020

Wintershall Dea signs concession agreement in Egypt

Wintershall Dea and Egyptian Minister of Petroleum H.E. Tarek El Molla have signed the concession agreement for the East Damanhour block.

13 Feb 2020

Lloyd’s Register appoints new global business development director

Lloyd’s Register (LR) has appointed Yvo Jansen as global business development director as the company underlines its focus on new market capabilities after re-shaping its Energy business last year.

13 Feb 2020

Drexel Egypt looking to expand its presence in Egypt

Drexel Vice President Eng. Ahmed Shalash speaks to Pipeline Magazine about how the company is looking to evolve to meet the challenges of a new energy landscape…

13 Feb 2020

Dana Gas sees increased profitability in 2019

Dana Gas has reported a net profit of US$157 million in 2019 compared to a loss of $186 million in 2018.

13 Feb 2020

BP vows to cut greenhouse gas emissions by 2050

UK's BP has made an ambitious pledge to cut greenhouse gas emissions to net zero by 2050 or sooner, and to help the world get to net zero.

13 Feb 2020

Egypt’s offshore prospects are even greater with the right technologies

Siva Krishnan, Head of Siemens Oil & Gas, MENA, discusses how Egypt’s golden gas age hinges on the technology it selects that will optimise production while minimising the environmental impact...

12 Feb 2020

Energy transition of Africa to see gas, renewables play a key role

Africa is undergoing an energy transition that is seeing a greater integration of gas and renewables in the mix...

12 Feb 2020

Mammoet announces new regional structure and regional MDs

Following the recent acquisition of ALE, Mammoet has confirmed details of an expanded regional structure and the appointment of its regional managing directors.

12 Feb 2020

ADNOC Distribution sees net profit increase in 2019

ADNOC Distribution reported that net profit for the fourth quarter of 2019 was US$135 million, an increase of 11.3 per cent compared to same period last year.

12 Feb 2020

Downstream chief executive Tufan Erginbilgic to leave BP

BP’s Tufan Erginbilgic, chief executive of BP’s Downstream segment, has decided to leave the company at the end of March 2020.

12 Feb 2020

Wintershall Dea in Egypt: long tradition, bright future

Sameh Sabry managing director in Egypt for Wintershall Dea writes about the outlook for the oil and gas sector in Egypt for Wintershall Dea...

12 Feb 2020

Kosmos and BP sign LNG deal for Greater Tortue Ahmeyim

Kosmos Energy announced that with its partners it has signed a long term LNG deal with BP on the Greater Tortue Ahmeyim project off Senegal and Mauritania

12 Feb 2020

Global downstream players look to technology for cleaner solutions

Growing pressures of energy demand and carbon emissions censure are pushing downstream players to employ technology to make the industry cleaner...

12 Feb 2020

Aquaterra awarded Chevron Angola rig deal

Engineering firm Aquaterra Energy has secured an agreement from Chevron to design and support installation of a Sea Swift offshore platform solution off the coast of Angola.

12 Feb 2020

Dolphin Marine Group reinforces its position at EGYPS 2020

Dolphin Marine Group made its first appearance at the Egypt Petroleum Show (EGYPS) helping to solidify the company’s growing presence within the industry.

12 Feb 2020

Energean looking at a bright sustainable future in the Mediterranean

Mathios Rigas, Energean’s Chief Executive Officer, speaks to Pipeline Magazine about the company’s commitment to Egypt and the Edison E&P acquisition…

12 Feb 2020

Mubadala Petroleum and Gazprom Neft expand technological cooperation

UAE's Mubadala Petroleum and Russia's Gazprom Neft have agreed to work together in developing new technologies in oil production, and digitalisation of production processes.

11 Feb 2020

Egypt oil and gas sector grows by leaps and bounds

Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, discusses the latest developments in Egypt’s oil and gas sector...

11 Feb 2020

Egypt aims for next growth phase with downstream MOUs

Egypt heads into a new phase of growth with MOUs to develop the country’s downstream sector...

11 Feb 2020

OPEC extends production cut to end of 2020 due to coronavirus

The Organization of the Petroleum Exporting Countries (OPEC) and a non-OPEC technical panel have recommended extending a current agreement to reduce oil supply until the end of 2020 in response to the coronavirus.

11 Feb 2020

Total enters Spain's solar market

Total has established its presence in the Spanish solar market through two agreements with Powertis and Solarbay Renewable Energy to develop nearly 2 GW of solar projects.

11 Feb 2020

East-Mediterranean partnerships key for Egypt hub plans

Egypt is set firmly on its path of progressing the eastern Mediterranean energy hub in collaboration with neighboring countries despite geopolitical uncertainties…

11 Feb 2020

Coronavirus and the impact on gas and LNG: WoodMac

Wood Mackenzie's research director Robert Sims discusses the impact of the coronavirus on gas and LNG

11 Feb 2020

AG&P, ADNOC Logistics and Services sign FSU charter

AG&P and ADNOC Logistics and Services signed a 15-year charter agreement for a Floating Storage Unit for conversion, supply, operations and maintenance...

10 Feb 2020

Eni starts production at photovoltaic plant in Italy

Eni New Energy, a subsidiary of Eni, has opened its new photovoltaic park in Porto Torres in Italy.

10 Feb 2020

ChemOne to build $3.4 bln Aromatics plant in Malaysia

ChemOne Group has announced that it will launch the Pengerang Energy Complex (PEC) in Johor, Malaysia and construction will start in the second half of 2020.

10 Feb 2020

Oliver Wyman hires energy partners in the Middle East

Oliver Wyman has deepened its regional energy sector expertise with the recruitment of Andrew Horncastle and Nadim Haddad as Partners in the Middle East.

10 Feb 2020

Saipem wins US$500 mln worth of offshore contracts

Saipem has been awarded several EPCI contracts in various countries around the world worth over US$500 million.

10 Feb 2020

BPGIC signs land lease deal with Fujairah Oil Industrial Zone

BPGIC signed a new land lease agreement with Fujairah Oil Industrial Zone (FOIZ) nearly tripling its land area in Fujairah in a firm step forward towards its major expansion plans.

09 Feb 2020

Total launches innovative engine coolant for marine and energy sectors

Total Lubmarine provides a new way to reduce operating costs, increase reliability, mitigate engine risks and reduce environmental impact with WT SUPRA.

09 Feb 2020

Coronavirus set to slash Chinese LNG demand – Rystad

The coronavirus epidemic in China has reduced business and industrial activity, with January’s liquefied natural gas (LNG) imports dropping by about 10 per cent year on year, independent energy research and consulting firm Rystad Energy said.

09 Feb 2020

HiP expands its line of high pressure gauges

High Pressure Equipment Company has added two new high pressure gauges to its Astragauge line of bourdon-tube style gauges.

09 Feb 2020

NDT Global acquired by Eddyfi/NDT

NDT Global acquired by test & measurement technology group Eddyfi/NDT

09 Feb 2020

SDX Energy appoints Stalker as independent non-executive director

SDX Energy, the MENA-focused oil and gas company, announced the appointment of Catherine Stalker as independent non-executive director effective 6 February 2020...

09 Feb 2020

Tristar signs LNG shipping service contract with BP

Tristar Group, an energy logistics company, said it signed a four-year contract with BP to provide liquefied natural gas (LNG) shipping services for a value of $24 million...

09 Feb 2020

Trendsetter enhances intervention capability with new system

Trendsetter have expanded their systems inventory in response to market demand to include a second Subsea Tree Injection Manifold (STIM).

06 Feb 2020

Oxford Flow sets up U.S. unit, appoints VP

Oxford Flow, the flow control equipment company, appointed Andy Ghiz as VP, Americas as it sets up its U.S. subsidiary to expand its reach in North and South America...

06 Feb 2020

Total sells interest in Fos Cavaou regasification terminal

Total sold its 27.5 per cent interest in Fosmax LNG, operator of the Fos Cavaou liquefied natural gas (LNG) terminal to Elengy for around US$260 million...

06 Feb 2020

Wood to sell industrial services business to Kaefer for $118 mln

UK’s John Wood Group (Wood) announced the sale of its industrial services business to technical services provider, Kaefer, for US$118 million...

06 Feb 2020

DNO’s 2019 profit slumps, revenues hit record high

DNO, Norwegian oil and gas operator, reported a slump in 2019 profit despite posting record revenues as production rose...

05 Feb 2020

PetroRio takes stake in Brazil’s oil field, buys FPSO

PetroRio will take an 80 per cent stake in the Tubarão Martelo oil field from Dommo Energia SA and acquire the field’s FPSO OSX-3 for $140 million...

05 Feb 2020

Eni signs Bahrain MoU for energy development

Eni signed a Memorandum of Understanding (MoU) with Bahrain to jointly assess and launch new projects in areas of renewable energy, LNG supply and exploration...

05 Feb 2020

Europa, Cairn drop Ireland license option on limited prospects

Europa Oil & Gas along with partner Cairn Energy, will relinquish their interest in a licence option in offshore Ireland’s South Porcupine Basin where is sees limited prospects...

04 Feb 2020

Connected virtual reality system to boost onshore platforms' safety

A new virtual reality training programme has been developed to train workers in hazard awareness on land-based drilling rigs...

04 Feb 2020

Oil prices drop to 13-month low as coronavirus hits demand

Oil prices fell to their lowest in over a year as coronavirus diminished crude demand from Chinese refineries, while OPEC considers deepening production cuts...

04 Feb 2020

KBR wins ADNOC services contract for Ghasha

KBR has been awarded a major project management consultancy services contract by ADNOC for the Ghasha Concession portfolio of projects...

03 Feb 2020

PBS wins Total services contract for UK assets

UK’s Total awarded a maintenance and services contract to PBS – a recently formed Aberdeen-based consortium...

03 Feb 2020

Worley’s CEO Wood to retire, Ashton to take over

Worley announced the appointment of Chris Ashton as the new CEO and managing director following the retirement of Andrew Wood...

03 Feb 2020

New major gas find in UAE to be jointly developed by ADNOC and Dubai

The UAE has discovered 80 trillion standard cubic feet of shallow gas resources in Abu Dhabi and Dubai, which will be jointly developed by ADNOC and Dubai Supply Authority...

02 Feb 2020

Impact of the Wuhan coronavirus on oil demand: Wood Mackenzie

Wood Mackenzie consultant Yujiao Lei writes about the impact of the Wuhan coronavirus on global oil demand...

02 Feb 2020

Shell completes sale of U.S. refinery

A subsidiary of Royal Dutch Shell has announced that it has formally closed the sale of Shell’s Martinez Refinery in California to PBF Energy, in exchange for $1.2 billion which includes the refinery and inventory.

30 Jan 2020

Equinor awards several FEED contracts in Brazil

Equinor, on behalf of the partners ExxonMobil and Petrogal Brasil has awarded FEED contracts for phase 1 of the Bacalhau area in Brazil.

30 Jan 2020

Transneft Diascan expands its range of pipeline inspection tools

Transneft Diascan has launched a new inspection tool for pipelines that will allow it to expand its diagnostic capabilities in the oil and gas sector

30 Jan 2020

SABIC swings to Q4 net loss as chemicals prices decline

Saudi Basic Industries Corp (SABIC) swung to net loss of 720 million riyals in the fourth quarter of 2019 as petrochemicals' selling prices declined...

29 Jan 2020

ASCO makes appointments to boost global supply chain position

ASCO, has made two new appointments as it looks to strengthen its global position in materials and logistics management…

29 Jan 2020

Air Liquide Arabia starts hydrogen supply to Saudi refinery

Air Liquide Arabia said it has started supplying hydrogen to a refinery owned by Saudi Aramco and an Exxon Mobil subsidiary through its west coast pipeline network in Yanbu...

29 Jan 2020

Oceaneering and Aquaterra Energy ink decommissioning collaboration

Aquaterra Energy signed a MoU with Oceaneering for decommissioning in North Sea...

29 Jan 2020

ExxonMobil wins exploration acreage offshore Egypt

ExxonMobil said it has secured more than 1.7 million acres for exploration offshore Egypt...

29 Jan 2020

Petrofac selects Microsoft IoT toolkit

Microsoft announced that Petrofac has chosen Azure’s Internet of Things for its Connected Construction platform designed to accelerate digital transformation at its project worksites.

29 Jan 2020

Saudi Aramco invests in oil trading blockchain platform VAKT

Saudi Aramco Energy Ventures has invested US$5 million in new shares of VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain...

29 Jan 2020

Inmarsat and ITC Global to expand connectivity options for Energy sector

Inmarsat, the world leader in global, mobile satellite communications and ITC Global have announced a five-year strategic collaboration.

29 Jan 2020

Gulfstream Services expands in the U.S.

Gulfstream Services, Inc. (GSI), an offshore & onshore equipment rental and engineered solutions provider, has announced it has expanded its operations in the U.S. in three locations.

28 Jan 2020

Samsung Engineering signs $1.9 bln Aramco gas storage project

Korea’s Samsung Engineering said it signed a construction contract worth US$1.85 billion for Aramco Hawiyah Unayzah gas reservoir storage project...

28 Jan 2020

Oil and gas professionals demand improved training from employers

The fourth annual Global Energy Talent Index (GETI) was just released and showed that oil and gas professionals are concerned at a perceived lack of investment in their training and development

28 Jan 2020

How blockchain has the power to transform the oil and gas sector

Chairman and co-founder of Finboot writes about the implementation of Environmental, Social and Governance practices...

28 Jan 2020

ExxonMobil ups Guyana estimate with new find

ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil-equivalent barrels

28 Jan 2020

SDX’s well hits gas in Morocco, beats forecasts

SDX Energy, the MENA-focused oil and gas company, said it has found commercial quantities of gas at its OYF-2 well in Morocco, higher than previously estimated...

28 Jan 2020

Karoon starts drilling Peruvian wildcat

Karoon Energy announced that it has commenced the drilling of the Marina‐1 exploration well located in Block Z‐38 Tumbes Basin, Peru.

23 Jan 2020

SDX Energy sees 2020 production jump from Egypt, Morroco drilling

SDX Energy, the MENA-focused oil and gas company said it expects production to get a boost from new drilling in Morocco and Egypt...

23 Jan 2020

Senex sees higher production at Surat Basin

Australian company Senex Energy said that natural gas development at its Surat Basin was going very well with production outperformance at both Roma North and Atlas.

23 Jan 2020

IR 4.0 in oil and gas EPC capital project execution

Vinodkumar Raghothamarao, director consulting, Energy Wide Perspectives & Strategy at IHS Markit EMEA writes about what the industrial revolution means for EPC companies...

23 Jan 2020

AVEVA adds extra capabilities to its asset performance management portfolio

AVEVA announced a significant enhancement to its Asset Performance Management (APM) portfolio

22 Jan 2020

BP CFO to retire and be succeeded by Auchincloss

Brian Gilvary, BP CFO, will retire from the company and step down from the BP board on 30 June 2020, following a 34-year career with BP, including over eight years as CFO...

22 Jan 2020

McDermott restructures debt, files Chapter 11 bankruptcy protection

McDermott has finalised a pre-packaged restructuring of its massive debt and filed for bankruptcy protection under Chapter 11...

21 Jan 2020

Mubadala Petroleum completes farmout in Indonesia

Mubadala Petroleum announced that it has completed the farmout of a 20 % participating interest in each of the Andaman I and South Andaman to Premier Oil

21 Jan 2020

SNC-Lavalin wins engineering contract for UAE’s Haliba field

SNC-Lavalin said it won an engineering services for the Haliba field in Al Dhafra Petroleum’s concession area in UAE’s Abu Dhabi...

21 Jan 2020

Mubadala Petroleum completes farmout in Indonesia

Mubadala Petroleum announced that it has completed the farmout of a 20 % participating interest in each of the Andaman I and South Andaman to Premier Oil

21 Jan 2020

Oil and gas sector to boost investment in the energy transition, says DNV GL

New research published by DNV GL reveals that optimism for growth in the oil and gas industry has weakened for this year.

20 Jan 2020

ADNOC, Eni to explore carbon capture and storage opportunities

ADNOC signed a strategic framework agreement with Italy’s energy company, Eni, to explore new opportunities for collaboration in carbon capture utilisation and storage (CCUS)...

20 Jan 2020

GRP shelters protect offshore process analyzers

Shelters fabricated from glassfibre-reinforced polyester are protecting gas metering instrumentation from the harsh North Sea environment on an offshore platform upgrade project engineered by Oil & Gas Systems Limited.

20 Jan 2020

Saudi IMI signs rig deals with ARO and Lamprell

Saudi Arabia’s International Maritime Industries signed two rig purchase deals with ARO Drilling and a sub-contract deal with Lamprell Energy to build two jack-up drilling rigs...

20 Jan 2020

Occidental appoints ex-Schlumberger CEO as board director

Occidental Petroleum Corporation (Oxy) said Andrew Gould, former chairman and chief executive officer of Schlumberger, has been elected to its Board of Directors effective March 1, 2020...

20 Jan 2020

Oil prices rise after Libyan oil exports halted

Oil prices surged on Monday as a military blockade in Libya led to oilfields being shut down exports halted...

20 Jan 2020

ADNOC, Eni to explore carbon capture and storage opportunities

ADNOC signed a strategic framework agreement with Italy’s energy company, Eni, to explore new opportunities for collaboration in carbon capture utilisation and storage (CCUS)...

20 Jan 2020

GRP shelters protect offshore process analyzers

20 Jan 2020

Occidental appoints ex-Schlumberger CEO as board director

Occidental Petroleum Corporation (Oxy) said Andrew Gould, former chairman and chief executive officer of Schlumberger, has been elected to its Board of Directors effective March 1, 2020...

20 Jan 2020

Saudi IMI signs rig deals with ARO and Lamprell

Saudi Arabia’s International Maritime Industries signed two rig purchase deals with ARO Drilling and a sub-contract deal with Lamprell Energy to build two jack-up drilling rigs...

20 Jan 2020

Oil prices rise after Libyan oil exports halted

Oil prices surged on Monday as a military blockade in Libya led to oilfields being shut down exports halted...

19 Jan 2020

Companies need to reinvent to maximise assets in a digital world

Andrew Smart, global energy industry managing director, Accenture writes about companies need to do to benefit from the digital transformation...

19 Jan 2020

Freeport LNG begins commercial operation

Freeport LNG has confirmed that it has begun commercial operation of Train 2 of the Freeport LNG project at its export facility on the Texas coast near Houston.

19 Jan 2020

BP spuds off Azerbaijan

BP announced that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea.

19 Jan 2020

Genel lifts 2019 production, sees progress on new Iraqi project

Genel Energy, the Iraq-Kurdistan focused energy producer, saw a rise in 2019 production, although payment delays from Kurdistan Regional Government caused revenues to slip...

19 Jan 2020

OPEC sees lower 2020 demand for its oil despite upbeat global view

OPEC forecast lower demand for its crude in 2020, even as global demand is seen climbing upwards after a U.S.-China trade deal...

19 Jan 2020

Freeport LNG begins commercial operation

Freeport LNG has confirmed that it has begun commercial operation of Train 2 of the Freeport LNG project at its export facility on the Texas coast near Houston.

19 Jan 2020

Companies need to reinvent to maximise assets in a digital world

Andrew Smart, global energy industry managing director, Accenture writes about companies need to do to benefit from the digital transformation...

19 Jan 2020

BP spuds off Azerbaijan

BP announced that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea.

19 Jan 2020

Genel lifts 2019 production, sees progress on new Iraqi project

Genel Energy, the Iraq-Kurdistan focused energy producer, saw a rise in 2019 production, although payment delays from Kurdistan Regional Government caused revenues to slip...

19 Jan 2020

Angola announces petroleum concessions award results

ANPG, the National Agency of Petroleum, Gas and Biofuels of Angola, has announced the winners of three concession awards from its 2019 bid round for hydrocarbon blocks in the Namibe and Benguela Basins.

16 Jan 2020

Africa at the cusp of shaping its energy future

The latest energy trends in Africa and the demand outlook for a growing continent...

16 Jan 2020

Masdar and Infinity Energy to set up Egypt JV for solar and wind

Masdar and Egypt’s Infinity Energy will set up a joint venture company, Infinity Power, for solar energy and wind power projects in Egypt and Africa...

15 Jan 2020

Equinor awarded 23 new Norway production licences

Equinor has been awarded 23 new production licences by the Ministry of Petroleum and Energy during the awards in predefined areas 2019...

15 Jan 2020

New application simplifies access to continuous corrosion monitoring data

Emerson has introduced The Plantweb Insight Inline Corrosion application to provide the oil and gas industry real-time interpretation and analysis of critical data that helps prioritise maintenance and make informed integrity decisions.

15 Jan 2020

Transneft Diascan commissions new in-line inspection tool

Transneft Diascan has put into operation a new type of in-line inspection tool

15 Jan 2020

Masdar, Cepsa form renewable energy JV for Spain, Portugal projects

Masdar and Spain’s Cepsa have announced an agreement to establish a joint venture company to develop renewable energy projects in Spain and Portugal.

15 Jan 2020

Sound gets Morocco’s Tendrara gas pipeline approval

Sound Energy said it received approval from Morocco’s authorities to build and operate the 120 km long Tendrara Gas Export Pipeline...

15 Jan 2020

New application simplifies access to continuous corrosion monitoring data

15 Jan 2020

Aker Solutions awarded contract for Equinor’s Troll platforms

Aker Solutions has secured a FEED study from Equinor to enable power from shore for the Troll B and C platforms, to reduce CO2 emissions from the field.

14 Jan 2020

Capturing data on the journey towards oil and gas 4.0

Dick Larkin, global strategic advisor at Bentley Systems speaks about game-changing technology aimed for oil and gas 4.0...

14 Jan 2020

James Fisher Offshore merges with sister company

James Fisher Offshore has consolidated its services with those of its sister company, James Fisher Subsea Excavation

14 Jan 2020

Fulkrum Technical Resources awarded Mozambique LNG contract

Fulkrum Technical Resources (FTR) has been awarded a contract on an LNG project in Mozambique.

13 Jan 2020

Borouge sets up marketing company in Egypt

Petrochemical company Borouge said that it has set up a new marketing company in Cairo, Egypt to support its MENA growth strategy...

13 Jan 2020

SapuraOMV announces gas production in Malaysia

SapuraOMV Upstream announced the first production following the start-up at the end of December from its Larak gas field in Malaysia.

13 Jan 2020

ADNOC, Pertamina to explore building refining complex

ADNOC and Pertamina signed an MoU to potentially develop a crude to petrochemicals complex in Balongan, Indonesia...

13 Jan 2020

Asia Pacific gas and LNG - themes to watch in 2020

Wood Mackenzie has identified six themes that will impact Asia Pacific’s gas and LNG markets in 2020

13 Jan 2020

Equinor and Ørsted head ocean energy coalition

Equinor and Orsted are to jointly spearhead an international ocean renewable energy action coalition that has been formed to advance sustainable deployment of ocean-based renewable energy

12 Jan 2020

Saudi Aramco IPO tops $29 bln after over-allotment of shares

Saudi Aramco has allocated 450 million additional shares as part of its ‘over-allotment option’ that boosts its total initial public offering (IPO) value to US$29.4 billion...

12 Jan 2020

North Sea to remain global hotspot in 2020: Wood Mac

Wood Makenzie says the North Sea will remain a global hotspot in 2020 as output and exploration are set to rise and M&A in the area takes centre stage.

12 Jan 2020

SIMMONS EDECO wins drilling contract in Mexico

SIMMONS EDECO has been awarded an additional drilling contract in Mexico as the pace of onshore drilling activity remains steady

12 Jan 2020

Kuwait sees Neutral Zone output to reach 0.25 mln bpd by yr-end

Kuwait expects production from the Neutral Zone, shared with Saudi Arabia, to reach 250,000 barrels per day (bpd) before the year end, the country’s energy minister said...

12 Jan 2020

Equinor to extend production at Statfjord

Equinor and its partners in the Statfjord area have identified and approved plans to extend production from the field towards 2040.

12 Jan 2020

Global oil and gas discoveries reach four-year high in 2019

The world’s oil and gas explorers discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according to estimates from Rystad Energy...

12 Jan 2020

Global chemical supply, demand threatened by Middle East escalation

Military action leading to closure of the Strait of Hormuz between Iran and Saudi Arabia could seriously disrupt global trade in chemicals and oil products, with a knock-on effect for the world’s already fragile manufacturing economy.

12 Jan 2020

SIMMONS EDECO wins drilling contract in Mexico

SIMMONS EDECO has been awarded an additional drilling contract in Mexico as the pace of onshore drilling activity remains steady

12 Jan 2020

Kuwait sees Neutral Zone output to reach 0.25 mln bpd by yr-end

Kuwait expects production from the Neutral Zone, shared with Saudi Arabia, to reach 250,000 barrels per day (bpd) before the year end, the country’s energy minister said...

12 Jan 2020

Equinor to extend production at Statfjord

Equinor and its partners in the Statfjord area have identified and approved plans to extend production from the field towards 2040.

09 Jan 2020

Turkey, Russia launch Turkstream gas pipeline

Turkey and Russian Presidents launched the Turkstream pipeline which will transport Russian gas to southern Europe through Turkey...

09 Jan 2020

Woodside gets approval for Sangomar project in Senegal

Woodside said that the Government of Senegal has approved the development of the Sangomar field in Senegal.

09 Jan 2020

Servelec Technologies introduces new web-based portal

Servelec Technologies, a provider of remote telemetry units, secure SCADA systems and business optimisation software, has announced the introduction of a new web-based Channel Partner Portal.

09 Jan 2020

Samsung, Téchnicas win $3.7 bln Algeria refinery project

South Korea’s Samsung Engineering and Spain’s Técnicas Reunidas joint venture won a US$3.7 billion contract for the Sonatrach Hassi Messaoud refinery project in Algeria...

08 Jan 2020

ControlAir expands its electro-pneumatic valve positioner series

ControlAir has launched the expansion of the Type 2000 electro-pneumatic valve positioner series

08 Jan 2020

Mammoet completes acquisition of ALE

Mammoet announced that the acquisition of ALE has been completed creating one of the largest engineered heavy lifting and transport services companies.

08 Jan 2020

Total and Apache make major oil discovery off Guyana

Total and Apache have made a material oil discovery with the Maka Central-1 well on Block 58 offshore Surinam, in Guyana.

08 Jan 2020

ADES renews contract for jack-up rig in Saudi Arabia

Drilling contractor ADES International said it has secured the renewal of a jack-up drill ship with a client in Saudi Arabia...

08 Jan 2020

Rockwell Automation appoints new Middle East country sales directors

Rockwell Automation announces two key appointments to add to a growing teams across the Middle East...

08 Jan 2020

ControlAir expands its electro-pneumatic valve positioner series

ControlAir has launched the expansion of the Type 2000 electro-pneumatic valve positioner series

08 Jan 2020

Mammoet completes acquisition of ALE

Mammoet announced that the acquisition of ALE has been completed creating one of the largest engineered heavy lifting and transport services companies.

08 Jan 2020

ADES renews contract for jack-up rig in Saudi Arabia

Drilling contractor ADES International said it has secured the renewal of a jack-up drill ship with a client in Saudi Arabia...

08 Jan 2020

Total and Apache make major oil discovery off Guyana

Total and Apache have made a material oil discovery with the Maka Central-1 well on Block 58 offshore Surinam, in Guyana.

08 Jan 2020

BP agrees terms to sell North Sea interests to Premier Oil

BP has agreed terms to sell its interests in the Andrew area in the central UK North Sea and its non-operating interest in the Shearwater field to Premier Oil for US$625 million.

08 Jan 2020

Rockwell Automation appoints new Middle East country sales directors

Rockwell Automation announces two key appointments to add to a growing teams across the Middle East...

07 Jan 2020

Study to look at commercial-scale carbon capture at U.S. plant

Svante Inc., LafargeHolcim, Oxy and Total announced a joint study to assess the viability and design of a commercial-scale carbon-capture facility in the U.S.

07 Jan 2020

SDX Energy upgrades reserves at South Disouq by 35 pct

SDX Energy said its proved and probable natural gas reserves at Egypt’s South Disouq operated concession have jumped by 35 per cent following a new audit...

07 Jan 2020

New direction for Proserv Controls

Davis Larssen, the newly appointed CEO of Proserv Controls, talks exclusively about the strategic direction the company will be taking after the recent restructuring...

06 Jan 2020

Brent crude price hits $70 after Soleimani killing

Brent crude has extended gains to cross the $70 per barrel mark after U.S. air strikes in Iraq killed a top Iranian military official...

06 Jan 2020

Gulf Marine Services awarded Middle East contracts for 2 vessels

Abu Dhabi’s Gulf Marine Services (GMS) said it was awarded two contracts for its vessels for a Middle East National Oil Company...

06 Jan 2020

Genel sees oil flow from Kurdistan’s Taq Taq

UK’s Genel Energy said oil has flowed from the latest test well at Iraqi Kurdistan’s Taq Taq oilfield...

06 Jan 2020

Gulf Marine Services awarded Middle East contracts for 2 vessels

Abu Dhabi’s Gulf Marine Services (GMS) said it was awarded two contracts for its vessels for a Middle East National Oil Company...

06 Jan 2020

Evans takes over as new Subsea 7 CEO

Offshore services company Subsea 7 said John Evans has taken the role of chief executive officer, succeeding Jean Cahuzac who retired at the end of 2019...

06 Jan 2020

Tullow Oil hits oil on Kanuku license offshore Guyana

Tullow Oil announced that it found oil in the Carapa-1 exploration well, drilled on the Kanuku licence offshore Guyana...

05 Jan 2020

Yinson FPSO sees first gas offshore Malaysia

Malaysia's Yinson Holdings has announced that its latest FPSO vessel, FPSO Helang, has achieved first gas at Block SK10, offshore Miri, Malaysia.

05 Jan 2020

EQT appoints David Khani as chief financial officer

EQT Corporation said its board has appointed David Khani as chief financial officer, effective January 3, 2020...

05 Jan 2020

Technological innovation to extract maximum value from crude

Thomas Gangl, OMV Executive Board member speaks about how technological innovation can help to extract maximum value from crude...

05 Jan 2020

Yinson FPSO sees first gas offshore Malaysia

Malaysia's Yinson Holdings has announced that its latest FPSO vessel, FPSO Helang, has achieved first gas at Block SK10, offshore Miri, Malaysia.

05 Jan 2020

EQT appoints David Khani as chief financial officer

EQT Corporation said its board has appointed David Khani as chief financial officer, effective January 3, 2020...

02 Jan 2020

Seadrill, Mermaid get 3-yr rigs contract extension

Seadrill and Mermaid Maritime's joint venture secures three-year extensions on two jack-up drilling rigs with Saudi Aramco...

02 Jan 2020

Petrofac secures $130 million in Oman’s PDO awards

Petrofac said it won a new contract and the award of an additional scope of work with Petroleum Development Oman...

30 Dec 2019

Yokogawa signs strategic agreement with SABIC

Yokogawa Electric Corporation said that it has entered into a strategic alliance framework agreement to accelerate collaboration with Saudi Basic Industries Corporation (SABIC)...

29 Dec 2019

Technology plays key role for ADNOC L&S’ integrated services

Ahmed Al Shehhi, Senior Vice President of ADNOC L&S speaks about the offshore logistics and services market and the company’s plans to grow efficiently...

29 Dec 2019

Saipem wins new drilling contracts worth US$1.7 bln

Italy’s Saipem has been awarded new drilling contracts and extensions on existing contracts for onshore and offshore for $1.7 billion...

29 Dec 2019

Shell Egypt wins 2 blocks in Red Sea concessions

Shell Egypt N.V. said it has been awarded two concessions in the Red Sea licensing round, which was launched in early 2019...

29 Dec 2019

ACWA Power and SABIC partner to boost local energy content

ACWA Power and SABIC signed a Memorandum of Understanding for pursuing opportunities to boost local content in the economy of the Kingdom of Saudi Arabia...

29 Dec 2019

Negotiating the ongoing energy transition

Tom Ellacott, Senior Vice President at Wood Mackenzie, looks at how companies should plan for the future amid the ongoing energy transition…

29 Dec 2019

Equinor and Rosneft to go ahead with Russian field development

Equinor and Rosneft have taken an investment decision on the first stage of the North Komsomolskoye full field development.

29 Dec 2019

Honeywell acquires Rebellion Photonics

Honeywell announced that it has acquired Rebellion Photonics, a Houston-based provider of innovative, intelligent, visual gas monitoring solutions

29 Dec 2019

Saudi Arabia and Kuwait agree to resume Neutral Zone oil production

Saudi Arabia and Kuwait reached an agreement to resume oil production from two jointly-run fields in the Neutral Zone...

24 Dec 2019

Woodside and Uniper sign long term LNG supply deal

Woodside has entered into a long-term sale and purchase agreement with Uniper for the supply of LNG from Woodside’s global portfolio for 13 years starting in 2021.

23 Dec 2019

Kuwait and Saudi Arabia near Neutral Zone resolution

Kuwait and Saudi Arabia are likely to come to an agreement this week to resolve a dispute over the Neutral Zone that has halted its oil production for years...

23 Dec 2019

APICORP agrees to $250 mln worth of loans for Sonatrach subsidiary

The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, agreed with Algeria’s Sonatrach for two loan facilities worth a combined US$250 million...

23 Dec 2019

Serica Energy wins two new licenses in North Sea

Serica Energy announced that it received an Out of Round award of a 100 per cent interest in the UK petroleum licence P2501, blocks 3/24c and 3/29c that are located next to Serica's operated Rhum field in the North Sea.

23 Dec 2019

Total expands its presence in Guyana

France’s Total has signed an agreement with Apache Corporation to acquire a 50 per cent working interest and operatorship in the highly prospective Block 58 offshore Suriname, in Guyana.

23 Dec 2019

Whitebark Energy fires up expanded facilities in Alberta

Whitebark Energy announced the completion of the expanded processing facilities as part of the Wizard Lake Oilfield development in Canada.

22 Dec 2019

ExxonMobil starts oil production at Liza field in Guyana

ExxonMobil said oil production has started from Liza field offshore Guyana ahead of schedule and is expected to reach full capacity of soon...

22 Dec 2019

APICORP invests in Kuwait for attractive financial returns

Dr. Ahmed Ali Attiga, CEO of Arab Petroleum Investment Corp (APICORP) speaks about the company’s recent investment in Kuwait...

22 Dec 2019

World class projects and services in onshore and offshore

Christophe Virondaud, Senior Vice President Commercial, TechnipFMC, speaks about the company’s strategy...

22 Dec 2019

Shell, Reliance and ONGC JV transfer the Panna-Mukta fields back to ONGC

The Panna-Mukta and Tapti Joint Venture partners will be handed over the Panna-Mukta oil and gas fields back to the Government of India’s nominee ONGC.

22 Dec 2019

Bechtel opens office in Saudi Arabia’s Al-Khobar

Bechtel, an EPC company has re-opened its office in Al Khobar to meet the increasing demand for quality services in the oil and gas sector in Saudi Arabia and in the region...

22 Dec 2019

Making oil and gas 4.0 real with core change

Accenture Middle East's managing director, Paul Carthy, writes about what is required to make oil and gas 4.0 real...

22 Dec 2019

Eni signs exploration deal in Albania

Eni signed a production Sharing Contract to explore, with a 100 per cent equity interest, the Dumre Block, in the onshore of Albania.

18 Dec 2019

APICORP sees $70 bln drop in MENA gas investments in 5 yrs

APICORP forecasts a $70 bln drop MENA gas investments in the next five years, according to its Gas Investments Outlook 2019-2023...

18 Dec 2019

EnerMech add new CFO to executive team

EnerMech has strengthened its executive team with the appointment of Sandeep Sharma as chief financial officer...

18 Dec 2019

Reliance and BP move forward with Indian fuels partnership

BP and Reliance Industries Limited (RIL) signed a definitive agreement relating to the formation of their new Indian fuels and mobility joint venture.

18 Dec 2019

Aramco completes stake acquisition in South Korean Hyundai Oilbank

Saudi Aramco has completed the acquisition of 17 per cent of Hyundai Oilbank from Hyundai Heavy Industries Holdings, for US$1.2 billion....

18 Dec 2019

Rockhopper’s Egypt production steady ahead of sale completion

Rockhopper Exploration reported that its Egypt production holds steady at 5,100 barrels of oil equivalent per day...

18 Dec 2019

Intero Integrity Services acquires The Sniffers

Intero Integrity Services has acquired The Sniffers, a longstanding service provider to the oil & gas industry and pipeline integrity services.

17 Dec 2019

ABB and Equinor sign global frame agreement

ABB has signed a new frame agreement to deliver safety and automation systems across Equinor’s installed base and greenfield projects worldwide, helping minimise cost, schedule and risk.

17 Dec 2019

Total acquires interests in new offshore licenses in Angola

Total has signed a sale and purchase agreement with stateowned Sonangol of Angola to acquire interests in Blocks 20/11 and 21/09 in the Kwanza Basin, offshore Luanda.

17 Dec 2019

Subsea 7 awarded contract offshore China

Subsea 7 has been awarded a contract by Offshore Oil Engineering Co. (COOEC) for CNOOC’s Lingshui gas field development project offshore China

17 Dec 2019

DNV GL wins framework agreement with DNO in Norway

DNV GL has been awarded a framework agreement by DNO to provide a broad portfolio of engineering and management support and verification services to support the operator in Norway

17 Dec 2019

DP World creates new maritime entity with Topaz and P&O merger

DP World has set up a new marine solutions entity combining its recently acquired Topaz Energy and Marine with P&O Maritime that it has been merged with...

17 Dec 2019

Geoffrey Cann joins Finboot as advisor

Finboot said Geoffrey Cann has joined the company as an advisor, as it continues to build upon its recent successes in the enterprise blockchain arena...

17 Dec 2019

IEA sees Q1 inventories build up despite OPEC+ cuts

Oil supplies are likely to build up in the first quarter of 2020, IEA says, as global supply growth will continue despite an OPEC+ production cut deal...

17 Dec 2019

Total acquires interests in new offshore licenses in Angola

Total has signed a sale and purchase agreement with stateowned Sonangol of Angola to acquire interests in Blocks 20/11 and 21/09 in the Kwanza Basin, offshore Luanda.

17 Dec 2019

Subsea 7 awarded contract offshore China

Subsea 7 has been awarded a contract by Offshore Oil Engineering Co. (COOEC) for CNOOC’s Lingshui gas field development project offshore China

17 Dec 2019

DNV GL wins framework agreement with DNO in Norway

DNV GL has been awarded a framework agreement by DNO to provide a broad portfolio of engineering and management support and verification services to support the operator in Norway

17 Dec 2019

Weatherford completes financial restructuring

Weatherford announced that it has completed its financial restructuring and emerged from chapter 11 protection which has seen it reduce its outstanding debt by US$6.2 billion.

16 Dec 2019

BP confirms more gas off Mauritania and Senegal

BP said its recent three-well drilling campaign offshore Mauritania and Senegal has further confirmed large scale gas resource in the region...

16 Dec 2019

McDermott wins technology contract in Texas

McDermott has been awarded a technology contract for Next Wave Energy Partners, LP's grassroots alkylate production facility, in Pasadena, Texas.

16 Dec 2019

BP awards contract to SOCAR Petrofac for Caspian Sea

SOCAR Petrofac JV said it secured project management services contract with BP for operations in Azerbaijan and Georgia...

15 Dec 2019

Libya’s Sirte basin to see Wintershall invest in exploration

Energy and technology company Wintershall will invest in the exploration of the Sirte basin as its oil concession in Libya is converted to an EPSA IV format...

15 Dec 2019

Chevron sanctions Anchor project in U.S. Gulf of Mexico

Chevron announced it has sanctioned the Anchor project in the deepwater of U.S. Gulf of Mexico with initial investment set to reach US$5.7 billion.

15 Dec 2019

Libya’s Sirte basin to see Wintershall invest in exploration

Energy and technology company Wintershall will invest in the exploration of the Sirte basin as its oil concession in Libya is converted to an EPSA IV format...

15 Dec 2019

Vitol signs deal with Nigeria LNG

Nigeria LNG (NLNG) and Vitol signed a LNG sale and purchase agreement (SPA) for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3.

11 Dec 2019

Total signs deal with Libya’s NOC

Total and National Oil Corporation (NOC), with the agreement of the Government of Libya, signed an agreement to implement Total’s participation in the Waha concessions, located in the Sirte Basin in Libya.

11 Dec 2019

ENI completes acquisition of ExxonMobil’s assets in Norway

Vår Energi, which is owned by Eni and HitecVision, has completed the acquisition of ExxonMobil’s upstream assets in Norway

11 Dec 2019

ADNOC and Reliance explore options for a facility in Ruwais

ADNOC signed today a Framework Agreement with Reliance Industries to explore development of an Ethylene Dichloride facility in Ruwais, UAE

11 Dec 2019

Aker Energy announces transition of leadership

Aker Energy announced that Svein Jakob Liknes will become acting chief executive officer following the decision by Jan Arve Haugan to resign.

11 Dec 2019

Severstal to supply the energy industry with Valvitalia products

Valvitalia and PAO Severstal have signed a distribution agreement for Severstal to supply Valvitalia products and solutions to its customers in the energy industry.

10 Dec 2019

ENOC strengthens partnership with Indian Oil Corporation

Dubai-based ENOC Group announced the signing of an evergreen aviation fuel supply agreement with Indian Oil Corporation (IOC), the largest commercial oil and gas company in India.

10 Dec 2019

Senex sees first gas sales from Project Atlas

Australia's Senex Energy has announced that Project Atlas achieved first gas sales into the east coast market ahead of schedule, with gas being sold to Queensland power generator CleanCo.

10 Dec 2019

Airswift reinforces oilfield services expertise with senior hire

Airswift, the global workforce solutions provider, has announced hiring Keith Gee as General Counsel based in Houston to further strengthen its management team.

10 Dec 2019

Predator plans exploration onshore in Morocco

Predator Oil & Gas has announced that it has signed a rig agreement with Star Valley Drilling to undertake a drilling programme on the Guercif licence onshore Morocco.

10 Dec 2019

Senex sees first gas sales from Project Atlas

Australia's Senex Energy has announced that Project Atlas achieved first gas sales into the east coast market ahead of schedule, with gas being sold to Queensland power generator CleanCo.

10 Dec 2019

PGNiG and ERU to launch gas exploration in Ukraine

PGNiG has signed an agreement with ERU Management Services providing for joint gas exploration and production operations in the western part of Ukraine.

10 Dec 2019

Microfluidics – A Window to Your Reservoir

HOT Microfluidics (HOT) showcased ‘InspIOR’, its benchtop microfluidics system for reservoir-condition enhanced oil recovery (EOR) investigations.

09 Dec 2019

ADES secures new contracts in Kuwait

ADES International has announced that it has secured its first onshore deep drilling contracts under a Lump Sum Turnkey project in Kuwait with Baker Hughes

09 Dec 2019

Tullow executives resign

Tullow Oil announced that Paul McDade, chief executive officer, and Angus McCoss, exploration director, have resigned from the Board of Tullow by mutual agreement and with immediate effect.

09 Dec 2019

Key recommendations for sustainable growth of MENA energy sector: APICORP

The Arab Petroleum Investments Corporation (APICORP) has outlined key recommendations for the sustainable growth of the energy sector in the MENA region in light of the transition towards a low-carbon world.

09 Dec 2019

Seiche Water Technology Group promotes Mark Burnett to CEO

UK headquartered Seiche Water Technology Group has announced that COO Mark Burnett has been promoted to chief executive officer.

08 Dec 2019

Gazprom Neft increases production in the Kurdistan Region of Iraq

Gazprom Neft has increased its production levels in the Kurdistan Region of Iraq. It has now produced 23 million barrels of oil since starting commercial production at the Sarqala field.

08 Dec 2019

OPEC agrees to deepen oil output cuts

OPEC and its allies agreed at the end of last week to deepen its oil output cuts even further from the start of next year with a new deal that will see output cut by an extra 500,000 barrels a day in the first quarter of 2020.

08 Dec 2019

First LNG production from Freeport LNG Train 2

McDermott with its partners, Chiyoda and Zachry Group, have announced that Train 2 of the Freeport LNG project on Quintana Island in Freeport, Texas, has begun producing liquefied natural gas (LNG).

08 Dec 2019

Eni completes sale of stake in the East Sepinggan area to Neptune Energy

Italy's Eni has completed the transfer of a 20 per cent participating interest in the East Sepinggan area, offshore Indonesia, out of Eni’s share to Neptune Energy

08 Dec 2019

SBM gets more Fast4Ward hulls orders

SBM Offshore has announced that it has signed contracts for the construction of the firm’s fourth and fifth hulls under its purchase programme for Fast4Ward new build multi-purpose hulls.

08 Dec 2019

Gazprom Neft increases production in the Kurdistan Region of Iraq

Gazprom Neft has increased its production levels in the Kurdistan Region of Iraq. It has now produced 23 million barrels of oil since starting commercial production at the Sarqala field.

08 Dec 2019

First LNG production from Freeport LNG Train 2

McDermott with its partners, Chiyoda and Zachry Group, have announced that Train 2 of the Freeport LNG project on Quintana Island in Freeport, Texas, has begun producing liquefied natural gas (LNG).

08 Dec 2019

Saudi Aramco IPO looks to raise $25.6 billion

Saudi Aramco announced that it plans to sell 3 billion shares at 32 riyals ($8.53) each to investors when it launches its IPO on Wednesday. This listing would raise $25.6 billion and make it the world largest stock debut on record.

08 Dec 2019

Eni completes sale of stake in the East Sepinggan area to Neptune Energy

Italy's Eni has completed the transfer of a 20 per cent participating interest in the East Sepinggan area, offshore Indonesia, out of Eni’s share to Neptune Energy

08 Dec 2019

SBM gets more Fast4Ward hulls orders

SBM Offshore has announced that it has signed contracts for the construction of the firm’s fourth and fifth hulls under its purchase programme for Fast4Ward new build multi-purpose hulls.

05 Dec 2019

AquaChemie to build chemical terminal in Dubai

AquaChemie Middle East is set to build a state-of-the-art chemical terminal facility at Jebel Ali Port in Dubai, UAE for US$40 million.

05 Dec 2019

Striving for the sustainable future of energy

Claudio Descalzi, CEO, Eni, talks about the company’s Middle East operations and the wider development of the global power mix

05 Dec 2019

GCC chemical industry achieves revenue of US$84.1 bln in 2018

The Gulf Petrochemicals and Chemicals Association (GPCA) in its latest report outlined that the GCC chemical industry had achieved revenues of US$84.1 billion in 2018.

05 Dec 2019

KCA Deutag wins drilling contract for three UK North Sea platforms

KCA Deutag has announced that it has been awarded a five-year contract extension by CNR International Ltd (CNRI) for three platforms operating in the UK North Sea.

05 Dec 2019

3 phases of successful digital transformation strategy

As we approach 2020 digital transformation is increasingly being seen by the LNG industry as a differentiator and potential vehicle for growth against a backdrop of increasing geopolitical uncertainty, volatile commodity prices and sluggish economic growth

04 Dec 2019

Total and MOL charter 1st LNG bunker vessel to operate in France

Total Marine Fuels Global Solutions (TMFGS) and Mitsui O.S.K.Lines (MOL) have signed a long-term charter contract for a second large LNG bunker vessel, to be delivered in 2021.

04 Dec 2019

OMV partners with Microsoft to accelerate its digitalisation strategy

OMV and Microsoft agreed on a strategic partnership that will see the Austrian oil and gas company work with Microsoft to accelerate its digitalisation strategy.

04 Dec 2019

Gazprom Neft and Repsol expand their partnership in Russia

Russia’s Gazprom Neft and Spain’s Repsol are developing a joint venture to conduct geological exploration at six license blocks in the Karabashsky zone of the Khanty-Mansi Autonomous Okru in Russia.

04 Dec 2019

Aquarius Marine Coatings to offer solution to offshore oil and gas sector

Aquarius Marine Coatings has announced the launch of its anti-foul coating, Coppercoat-Commercial, in the offshore oil and gas sector.

04 Dec 2019

New CEO for Spiral Services

Spirotech Aberdeen, a bulk handling, fabrication and blast containment specialist for the oil and gas sector, has been acquired by a team of industry experts and renamed Spiral Services.

04 Dec 2019

OMV partners with Microsoft to accelerate its digitalisation strategy

OMV and Microsoft agreed on a strategic partnership that will see the Austrian oil and gas company work with Microsoft to accelerate its digitalisation strategy.

04 Dec 2019

Gazprom Neft and Repsol expand their partnership in Russia

04 Dec 2019

Rovco launches live 3D subsea streaming technology

In a world-first, Rovco, has launched “SubSLAM Live” a 3D Streaming technology which allows clients to video and live stream 3D underwater pointclouds to any device in the world.

04 Dec 2019

Aquarius Marine Coatings to offer solution to offshore oil and gas sector

Aquarius Marine Coatings has announced the launch of its anti-foul coating, Coppercoat-Commercial, in the offshore oil and gas sector.

28 Nov 2019

Mubadala’s Gulf of Thailand well comes up dry

Mubadala Petroleum and Tap Oil’s first of three-wells has come up dry in the Gulf of Thailand...

28 Nov 2019

Equinor, Masdar, Ore Catapult to share offshore wind data

Equinor and Masdar have joined forces with ORE Catapult to share floating offshore wind data via the POD data sharing platform...

28 Nov 2019

Electrifying Digital Drilling Technology - TDE Group

Prof. Gerhard Thonhauser of TDE Group speaks to Pipeline Magazine about leading the way to real-time drilling optimisation and automation...

28 Nov 2019

Saudi Aramco IPO hits retail target of $8.7 bln

The retail share of Saudi Aramco’s initial public offering (IPO) has been fully subscribed to, with orders reaching 32.57 billion Saudi riyals ($8.7 billion), lead manager Samba Capital said...

27 Nov 2019

Implico acquires Dutch cloud specialist Brainum

27 Nov 2019

Coretrax acquires Churchill as part of expansion strategy

Coretrax, a well construction and intervention company, has acquired Churchill Drilling Tools as part of an ongoing growth and expansion strategy...

27 Nov 2019

U.S. is months away from being energy independent

U.S. total primary energy production will outpace primary energy demand by about 30 per cent by 2030, Rystad Energy says...

26 Nov 2019

Valaris wins drilling contracts from ExxonMobil, Mubadala Petroleum

Valaris won a spat of new contracts and contract extensions, including drilling for ExxonMobil in the U.S. Gulf of Mexico....

26 Nov 2019

Retail subscription hits $5.8 bln in Saudi Aramco IPO

Retail subscription for Saudi Aramco’s initial public offering reached 21.77 billion Saudi riyals ($5.8 billion) on Monday...

26 Nov 2019

Data centres provide pivotal role in processing, warehousing

Data management has become an important theme in the oil and gas industry as the volumes of data generated by the industry have increased significantly...

26 Nov 2019

Turkey starts second drilling campaign offshore Cyprus

Turkey is kicking off its second drilling operation in the Eastern Mediterranean Sea, in the contentious waters controlled by Cyprus...

25 Nov 2019

Shearwater awarded Shell’s Black Sea 3D seismic contract

Shearwater GeoServices Holding said it was awarded a seismic acquisition contract by Shell in the western Black Sea...

25 Nov 2019

EnerMech appoints Chris Brown as chief executive officer

Global integrated mechanical and electrical services company EnerMech has announced the appointment of industry heavyweight Christian Brown as its new CEO...

24 Nov 2019

SPL acquires lab and measurement services unit of Banded Iron

SPL, Inc. said it has purchased the laboratory and measurement services business of Banded Iron Group (BIG) US Inc., formerly known as Zedi US Inc...

24 Nov 2019

Germany’s BASF starts construction on $10 bln China petchem plant

German chemical company BASF has started construction of its US$10 billion petrochemical project in China’s Guangdong province...

24 Nov 2019

Egypt signs multi-million-dollar energy deals

Egypt has signed several multimillion-dollar energy investment deals as the country looks to boost international gas sales and meet domestic energy needs...

24 Nov 2019

Total adds six new solar projects in Southeast Asia

Total adds six new solar projects with a total capacity of around 10 megawattspeak to its renewables portfolio in Southeast Asia since October 2019...

24 Nov 2019

SPL acquires lab and measurement services unit of Banded Iron

SPL, Inc. said it has purchased the laboratory and measurement services business of Banded Iron Group (BIG) US Inc., formerly known as Zedi US Inc...

24 Nov 2019

Circular economy key to future growth of chemicals companies

The chemicals industry in the Middle East is calling for the adoption of the circular economy model to lower operating costs and create new products and services...

24 Nov 2019

Total adds six new solar projects in Southeast Asia

Total adds six new solar projects with a total capacity of around 10 megawattspeak to its renewables portfolio in Southeast Asia since October 2019...

21 Nov 2019

Petrofac secures $120 million in engineering, services awards

Petrofac has won new awards as well as contract extensions with a combined value of more than US$120 million, delivering on its growth and diversification plans....

21 Nov 2019

Gazprom fills TurkStream with gas, readies Power of Serbia

Russia’s Gazprom is in the final stages of starting up the TurkStream gas pipeline, while also preparing for gas to China via the Power of Siberia pipeline...

21 Nov 2019

Mubadala and Tap to begin drilling in Gulf of Thailand

Mubadala Petroleum, as operator and Tap Oil have approved the drilling of three firm exploration wells for Gulf of Thailand’s Manora oil field...

21 Nov 2019

GE completes controls upgrade at ENGIE ’s Baymina power plant

GE has completed an ALSPA steam turbine controls migration to its Mark VIe controls system with rotor stress controller upgrade at ENGIE’s Baymina power plant...

21 Nov 2019

ADNOC partners with Honeywell for predictive maintenance

ADNOC announced a 10-year partnership with Honeywell for the largest predictive maintenance projects in the industry...

21 Nov 2019

IMO 2020 could cost LNG sellers US$15 billion - WoodMac

LNG sellers with contracts linked to Japan Crude Cocktail could lose some US$15 billion in unearned revenues as IMO regulations kick in, Wood Mackenzie says...

21 Nov 2019

Petrofac secures $120 million in engineering, services awards

Petrofac has won new awards as well as contract extensions with a combined value of more than US$120 million, delivering on its growth and diversification plans....

21 Nov 2019

Mubadala and Tap to begin drilling in Gulf of Thailand

Mubadala Petroleum, as operator and Tap Oil have approved the drilling of three firm exploration wells for Gulf of Thailand’s Manora oil field...

21 Nov 2019

Gazprom fills TurkStream with gas, readies Power of Serbia

Russia’s Gazprom is in the final stages of starting up the TurkStream gas pipeline, while also preparing for gas to China via the Power of Siberia pipeline...

21 Nov 2019

ADNOC partners with Honeywell for predictive maintenance

ADNOC announced a 10-year partnership with Honeywell for the largest predictive maintenance projects in the industry...

21 Nov 2019

GE completes controls upgrade at ENGIE ’s Baymina power plant

GE has completed an ALSPA steam turbine controls migration to its Mark VIe controls system with rotor stress controller upgrade at ENGIE’s Baymina power plant...

21 Nov 2019

IMO 2020 could cost LNG sellers US$15 billion - WoodMac

LNG sellers with contracts linked to Japan Crude Cocktail could lose some US$15 billion in unearned revenues as IMO regulations kick in, Wood Mackenzie says...

19 Nov 2019

KCA Deutag secures $460 mln of land drilling contracts in EMEA

Drilling and engineering contractor KCA Deuta's land drilling operation has won new contracts worth approximately $460 million in the Middle East, Africa and Europe....

19 Nov 2019

KCA Deutag secures $460 mln of land drilling contracts in EMEA

Drilling and engineering contractor KCA Deuta's land drilling operation has won new contracts worth approximately $460 million in the Middle East, Africa and Europe....

18 Nov 2019

OMV sells stake in New Zealand’s Maari Field to Jadestone

Austria’s OMV said it has agreed to sell its 69 per cent interest in the Maari field in New Zealand’s offshore Taranaki Basin to Jadestone Energy for US$50 million.

18 Nov 2019

Saudi Aramco valuation of $1.7 trillion set for a record IPO

Saudi Aramco revealed the share price range for its initial public offering that values the energy giant at US$1.6-1.7 trillion, laying the groundwork for a record listing...

18 Nov 2019

OMV sells stake in New Zealand’s Maari Field to Jadestone

Austria’s OMV said it has agreed to sell its 69 per cent interest in the Maari field in New Zealand’s offshore Taranaki Basin to Jadestone Energy for US$50 million.

18 Nov 2019

Saudi Aramco valuation of $1.7 trillion set for a record IPO

Saudi Aramco revealed the share price range for its initial public offering that values the energy giant at US$1.6-1.7 trillion, laying the groundwork for a record listing...

17 Nov 2019

DNO finds resources at Iraq’s Baeshiqa-2 well

DNO ASA, the Norwegian oil and gas operator, announced a hydrocarbons discovery in Iraq’s Kurdistan region on the Baeshiqa-2 exploration well...

17 Nov 2019

Deep Casing Tools expands Saudi team with new Aramco win

Deep Casing Tools, a well technology business, announced a key appointment for its Middle East operations even as it wins a long-term contract award from Saudi Aramco...

17 Nov 2019

Total strikes first oil from deep-water Brazil licence

France’s Total said it struck first oil from the lara licence covering deepwater Santos Basin pre-salt, marking the start-up of first of the two floating production, storage and offloading units (FPSO)...

17 Nov 2019

Saipem awarded Guyana subsea contract by ExxonMobil

Saipem has been awarded a subsea contract by ExxonMobil subsidiary for the proposed Payara development project offshore Guyana...

17 Nov 2019

ADNOC launches major rig fleet expansion program

ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced a major rig fleet expansion program to support ADNOC’s upstream growth plans...

14 Nov 2019

Innovation in sustainable initiatives a life-line for downstream’s future

Innovation in the downstream sector placed a prominent focus on environmental impact during an industry conversation as the industry looks to leverage digitalisation...

14 Nov 2019

The new Baker Hughes to help transform the industry

Ayman Khattab, President, Gulf & North Africa, Baker Hughes, speaks about the company’s strategies and digitalisation innovations…

14 Nov 2019

Treat oil and gas future forecasts carefully and be change-ready

The oil and gas journey still has a long road ahead despite rising renewables but the route to demand predictability could be littered with bumps...

13 Nov 2019

ADNOC invests AED1.8 bln to upgrade its giant Bab onshore field

ADNOC will invest AED 1.8 billion to upgrade its giant Bab onshore field to boost production to 485,000 barrels per day...

13 Nov 2019

Investing in innovation and integrating technologies

Nello Uccelletti, President and Advisor to the CEO, TechnipFMC, talks about looking to the future of energy and planning a global strategy...

13 Nov 2019

Powering forward to integrate skills and embrace transition

Andrew Wood, CEO, Worley on his company’s business acquisitions and its strategic vision...

13 Nov 2019

Yokogawa new robotics partnership unveils the ExR-1

Throughout ADIPEC visitors have been attracted to Yokogawa’s stand by a bright yellow robot with caterpillar tracks featured prominently in the middle of the booth...

12 Nov 2019

Diversification of risk underpins successful partnerships

Partnership strategists say diversifying risk and focusing on individual strengths is key as oil and gas companies look to extract the most value in start-ups...

12 Nov 2019

Growth business practices and opportunities for the team at AlMansoori

Olivier Muller, President and COO at AlMansoori, talks about his first year at the company and how he forsees its progress...

12 Nov 2019

ADNOC and China’s Rongsheng Petrochemical to explore growth opportunities

ADNOC agreed with China’s Rongsheng Petrochemical Co. to explore domestic and international growth opportunities...

12 Nov 2019

Digitalisation takes hold of oil and gas industry

Industry experts struggled to select their respective favorite example of how digitalisation has benefited their operations, highlighting the headway the Fourth Industrial Revolution has already made...

12 Nov 2019

Putting a stop to U.S. fracking would bring recession home

Fracking ban pledges from contenders for next year’s United States presidential elections could push the country and beyond into recession if they became reality...

12 Nov 2019

Wintershall Dea strong growth trajectory

Wintershall Dea CEO Mario Mehren talks about the merged company’s high visibility in terms of growth in production and geographical reach...

12 Nov 2019

ADNOC and Group 42 will set up a JV to develop AI products

ADNOC and Group 42 agreed to set up a joint venture to develop and commercialise AI products for the oil and gas industry...

07 Nov 2019

TAQA sees 9-mnth net profit tumble as lower prices take a toll

Abu Dhabi National Energy Company (TAQA) reported a sharp drop in nine-month net profits to as revenue and oil prices took a hit...

07 Nov 2019

Sound Energy in talks to partly sell Morocco assets for $112.8 mln

Sound Energy signed a non-binding agreement with a private UK company to purchase 51% of its Eastern Moroccan Portfolio...

06 Nov 2019

Equinor and partners discover oil and gas in North Sea

Equinor and partners ExxonMobil, Idemitsu and Neptune have discovered oil and gas in an exploration well by the Fram field in North Sea....

06 Nov 2019

Shell buys floating wind firm EOLFI

Shell has signed an agreement to buy 100 per cent of EOLFI, a French renewable energies developer specialised in floating wind projects that helps boost Shell’s renewable power business.

05 Nov 2019

MOL buys stake in Azerbaijan oilfield from Chevron

MOL has signed a US$1.57 billion deal with U.S. oil giant Chevron to acquire their non-operated E&P and mid-stream interests in Azerbaijan...

05 Nov 2019

Zenith Energy to take over Nordic Petroleum

Canada's Zenith Energy has formalised an offer to acquire Norway's Nordic Petroleum (Nordic) by way of an exchange of equity that will expand its presence in Norway's continental shelf.

04 Nov 2019

Years of offshore investments could be valueless - Rystad

International E&P companies are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy...

04 Nov 2019

ADNOC boosts oil and gas reserves with new discoveries

ADNOC announced a significant increase in oil and gas reserves and new discoveries in Abu Dhabi...

04 Nov 2019

Bilfinger appoints Rokk as Middle East President & CEO

Bilfinger has appointed Jon Rokk as the Middle East President & CEO of its Engineering & Maintenance division...

04 Nov 2019

Saudi Aramco announces $68 bln profit for 9 months ahead of IPO

Saudi Aramco reported a 9-month net profit of US$68 billion, ahead of the launch of its milestone public listing...

03 Nov 2019

Fluor wins services agreement in Kazakhstan

Fluor in consortium with KMG Engineering was awarded a 3-yr engineering services deal by Karachaganak Petroleum Operating B.V. for Kazakhstan projects...

03 Nov 2019

CIRCOR features R.G. Laurence on/off valves for hazardous conditions

CIRCOR International has launched ATEX-certified valves that feature high-quality R.G. Laurence on/off control valves...

03 Nov 2019

Saudi Arabia approves Aramco plans of long-awaited IPO

Saudi Arabia’s market regulator approved on Sunday Saudi Aramco’s application for a part listing of shares on the local bourse, opening the doors to the largest ever IPO.

03 Nov 2019

Digital Twin as a Digital Transformation Enabler

03 Nov 2019

Shell appoints new head of downstream business

Shell announced the appointment of Huibert Vigeveno as its new downstream director, replacing John Abbot...

03 Nov 2019

Seaway 7 awarded contract for offshore wind farm project

Seaway 7 has been awarded a contract from Equinor Energy AS for the installation of 11 inner array and two export cables on the Hywind Tampen floating offshore wind farm project, offshore Norway

03 Nov 2019

DNO reports Q3 net loss on writedown, lower oil prices

DNO, the Middle East focused oil and gas operator, reported a third quarter net loss of US$96 million due to writedowns and lower oil prices although revenues rose 33 per cent...

03 Nov 2019

The One McDermott Way – evolution in best business practice

McDermott’s Senior Vice Presidents of its four global regions came togethe to talk about the evolution of project execution...

31 Oct 2019

Drones are a perfect fit for the oil and gas industry

Toru Tokushige, CEO, Terra Drone Corporation speaks about the vital role drones can play in the energy sector and partnering in Saudi Arabia...

31 Oct 2019

ADNOC Distribution Q3 net profit slips, fuel sales rise

ADNOC Distribution saw its third quarter net profit slip by 1.7 per cent to AED549 million, while earnings rose on back of higher volumes...

31 Oct 2019

Avaio takes over control of Mexico Pacific LNG

Mexico Pacific Limited announced that a consortium led by Avaio Capital has acquired control of privately held Mexico Pacific...

31 Oct 2019

EnerMech appoints Grover as strategic sales director

EnerMech has strengthened its executive leadership with the appointment of John Grover in the newly created role of strategic sales director...

30 Oct 2019

Saudi Aramco plans power JV, signs 7 MoUs

Saudi Aramco said it plans to set up a power joint venture with Air Products and ACWA Power, to be called the Jazan Power Joint Venture...

30 Oct 2019

Tethys Oil farms into onshore Oman Block 56 E&P license

Tethys Oil signed an agreement with Biyaq Oil Field Services to acquire a 20 percent interest in the exploration and production license covering Block 56 onshore Oman....

30 Oct 2019

Total sells interest in Brunei offshore block

Total said it has signed an agreement to sell its Brunei unit, which holds an 86.95 per cent interest in offshore Brunei Block CA1 to Shell for US$300 million...

30 Oct 2019

Saudi Aramco plans power JV, signs 7 MoUs

Saudi Aramco said it plans to set up a power joint venture with Air Products and ACWA Power, to be called the Jazan Power Joint Venture...

30 Oct 2019

Tethys Oil farms into onshore Oman Block 56 E&P license

Tethys Oil signed an agreement with Biyaq Oil Field Services to acquire a 20 percent interest in the exploration and production license covering Block 56 onshore Oman....

30 Oct 2019

Total sells interest in Brunei offshore block

Total said it has signed an agreement to sell its Brunei unit, which holds an 86.95 per cent interest in offshore Brunei Block CA1 to Shell for US$300 million...

29 Oct 2019

Choose the right valves and cut the threat of downtime

David Nemetz, president, Gilmore, a Proserv Company explains the best components are also the most resilient...

29 Oct 2019

Major gas discovery off the coast of Mauritania

Kosmos Energy, BP and SMHPM have made a major gas discovery at the Orca-1 well offshore Mauritania in the BirAllah area.

29 Oct 2019

New CFO appointed at 3T Energy Group

3T Energy Group, a training and technology organisation, has appointed a new chief financial officer to support its rapid global growth...

29 Oct 2019

Increased share set for gas across global energy mix to meet demand

Rod Christie, President & CEO of a Baker Hughes unit, talks about innovation and collaboration within the industry...

29 Oct 2019

Choose the right valves and cut the threat of downtime

David Nemetz, president, Gilmore, a Proserv Company explains the best components are also the most resilient...

29 Oct 2019

Major gas discovery off the coast of Mauritania

Kosmos Energy, BP and SMHPM have made a major gas discovery at the Orca-1 well offshore Mauritania in the BirAllah area.

29 Oct 2019

New CFO appointed at 3T Energy Group

3T Energy Group, a training and technology organisation, has appointed a new chief financial officer to support its rapid global growth...

29 Oct 2019

Increased share set for gas across global energy mix to meet demand

Rod Christie, President & CEO of a Baker Hughes unit, talks about innovation and collaboration within the industry...

28 Oct 2019

Beach finds gas in Western Australia

Australia's Beach Energy has made a gas field discovery at Beharra Springs Deep-1 licence in the Perth Basin, Western Australia.

28 Oct 2019

Beach finds gas in Western Australia

Australia's Beach Energy has made a gas field discovery at Beharra Springs Deep-1 licence in the Perth Basin, Western Australia.

27 Oct 2019

Selecting the right partner matters for flow metering solutions

Endress+Hauser's Menon explains the importance of choosing the right partner when it comes to flow metering solutions...

27 Oct 2019

JERA signs LNG MoU in Vietnam

Japan’s JERA has signed into a Memorandum of Understanding with Vietnam Electricity (EVN) concerning cooperation in the LNG value chain business.

27 Oct 2019

SDX Energy starts new Morocco drilling campaign

SDX Energy, the MENA-focused oil and gas company, said it has begun a 12-well drilling campaign, in its operated Gharb Basin acreage in Morocco...

27 Oct 2019

Eni finds new resources in Gulf of Suez offshore Egypt

Eni has discovered new resources in the Abu Rudeis Sidri development lease, in the Gulf of Suez...

27 Oct 2019

Selecting the right partner matters for flow metering solutions

Endress+Hauser's Menon explains the importance of choosing the right partner when it comes to flow metering solutions...

27 Oct 2019

JERA signs LNG MoU in Vietnam

Japan’s JERA has signed into a Memorandum of Understanding with Vietnam Electricity (EVN) concerning cooperation in the LNG value chain business.

27 Oct 2019

SDX Energy starts new Morocco drilling campaign

SDX Energy, the MENA-focused oil and gas company, said it has begun a 12-well drilling campaign, in its operated Gharb Basin acreage in Morocco...

27 Oct 2019

Gas and LNG vital to satisfy energy demands

Matthew Russell, Executive Vice President for LNG, Siemens, on the key areas for future global industry growth and progression...

24 Oct 2019

Total dedicates $400 mln from its global venture fund to carbon neutrality

Total announced that it will focus its global venture fund on fostering carbon neutrality. The fund will increase its capital to a cumulative $400 million within five years’ time.

24 Oct 2019

Petrofac wins 3 new contracts

UK-listed Petrofac said it won new contracts in Oman and Libya, which will see the engineering company provide FEED and conceptualisation studies to clients...

24 Oct 2019

Mubadala invests $50 mln in U.S. LNG firm NextDecade

Mubadala Investment Company has agreed to purchase US$50 million of NextDecade’s common stock in a private placement...

24 Oct 2019

McDermott wins another Tortue Ahmeyim subsea deal

McDermott International announced that it has been awarded a fabrication subcontract for the Greater Tortue Ahmeyim natural gas project.

23 Oct 2019

Genel signs up new rig for well in Iraqi Kurdistan

Genel Energy said it has signed an agreement to contract Parker Drilling’s rig for the QD-2 well on the Qara Dagh field in Iraqi Kurdistan...

23 Oct 2019

McDermott awarded contract for mixed feed cracker in Saudi Arabia

McDermott International, Inc. has been awarded a contract by Saudi Aramco and Total Raffinage Chimie (Total) to provide services for Saudi Arabia’s Amiral Complex...

23 Oct 2019

Eni starts gas production in Nigeria

Eni has started gas and condensate production from the Obiafu 41 discovery, Niger Delta.

23 Oct 2019

Opto 22 releases three new groov EPIC I/O modules

Opto 22 announces the release of three new groov EPIC input/output modules, further extending an already comprehensive industrial I/O portfolio.

22 Oct 2019

Greenslade joins Tullow board and audit committee

Tullow Oil announced the appointment of Martin Greenslade as a non-executive director of Tullow with effect from 1 November 2019.

22 Oct 2019

GE Power’s gas turbine boosts ADNOC’s Ruwais plant performance

GE Power said it has enhanced the operational efficiency and performance of ADNOC Refining’s Ruwais general utilities plant...

22 Oct 2019

Driving towards a cleaner energy future as the landscape transforms

Peter Coleman, CEO, Woodside, says it's vitally important for the gas and LNG industry to emphasise its low carbon credentials...

22 Oct 2019

McDermott International signs $1.7 billion financing deal

McDermott International signed a deal with lenders to access to up to $1.7 billion of additional financing...

21 Oct 2019

Huge and vital piece of equipment now in place as Ras Tanura

Ras Tanura Refinery Clean Fuels Project has put its heaviest and largest piece of equipment in place — a naphtha splitter column weighing 544 tons.

21 Oct 2019

Dragon Oil takes over BP stake in Egypt’s GUPCO

Dragon Oil has announced the acquisition of a stake in The Gulf of Suez Oil Company (GUPCO Egypt) formerly owned by BP.

21 Oct 2019

Total and ZEG forge China marine fuels partnership

Total has signed a deal with Chinese state-owned Zhejiang Energy Group (ZEG) to create a joint venture company to supply and delivery marine fuels in the Chinese region of Zhoushan.

21 Oct 2019

Shell puts assets in Egypt's Western Desert up for sale

Shell has announced that it is putting its current onshore Upstream assets in the Western desert in Egypt up for sale...

21 Oct 2019

Karoon and Shell to partner on Brazil offshore project

Karoon Energy is partnering with Shell to trade and ship crude oil produced from its Baúna field off the coast of Brazil.

20 Oct 2019

IMI and GustoMSC sign jack-up design license agreement

International Maritime Industries (IMI) has signed a drilling rigs license agreement with GustoMSC, an NOV company.

20 Oct 2019

EnerMech appoint new chief for Americas region

Oil and gas industry executive Joseph Lichon has been appointed to lead the Americas operations for integrated services provider EnerMech.

20 Oct 2019

TechnipFMC awarded contract for Woodside’s Pyxis Field in Australia

TechnipFMC has been awarded an integrated Engineering, Procurement, Construction and Installation (EPCI) contract by Woodside for the development of the Pyxis and Xena fields, located offshore North West Australia.

20 Oct 2019

Global rig count dips in August as spending and output eases

Nadia Saleem, Editor, Pipeline Magazine writes about the changing trends in the global rig count market based on BHGE data...

20 Oct 2019

Total’s launches first LNG bunker vessel

Total announced that its first large LNG bunker vessel has been launched, following the signature of a long-term charter contract between Total and Mitsui O.S.K Lines in February 2018.

17 Oct 2019

SBM Offshore completes US$1.14 billion financing of Liza Unity

SBM Offshore said that it has completed the project financing of FPSO Liza Unity for a total of US$1.14 billion.

17 Oct 2019

ADNOC, Adani, BASF, Borealis look to set up $4 bln chemical complex

ADNOC, Adani Group, BASF SE and Borealis signed a preliminary deal for a joint feasibility study to set up a $4 billion chemical complex in India...

17 Oct 2019

ExxonMobil expands technology research with universities in India

ExxonMobil has signed agreements with the Indian Institute of Technology locations in Madras and Bombay, further expanding its extensive portfolio of research collaboration with India’s universities.

17 Oct 2019

Oil companies need to partner to transform at pace

Paul Carthy, Managing Director, Accenture Energy Industry Group, Middle East writes about the necessary elements for a digital transformation to take place...

16 Oct 2019

ADNOC awards 5pct Ghasha stake to LUKOIL for $190 mln

ADNOC has awarded LUKOIL’s unit a 5 per cent stake in Gasha concession for an initial investment of AED 697.3 million ($190 million)...

16 Oct 2019

Gazprom Neft and ADNOC sign cooperation agreement

ADNOC and Russia’s Gazprom Neft have entered into a framework agreement on strategic cooperation for upstream and downstream.

16 Oct 2019

Kuwait Oil Tanker will add 8 new vessels to fleet

Kuwait Oil Tanker Company (KOTC) plans to add new eight LNG, crude and petroleum tankers to its fleet by early 2021 as part of a modernisation drive to fulfill demand from Kuwait Petroleum Company.

15 Oct 2019

TechnipFMC wins subsea pipeline project in Vietnam

TechnipFMC has been awarded a big contract by PetroVietnam Gas for the EPC of the Nam Con Son 2 Phase 2 pipeline across Nam Con Son basin and Cuu Long basin in Vietnam.

15 Oct 2019

OPEC Sept output hit by Saudi facilities attacks

OPEC’s September production was dragged down as Saudi Arabia reported its output tumbled by 660,000 bpd after attacks crippled its facilities....

15 Oct 2019

Carlyle completes Cepsa stake acquisition from Mubadala

Mubadala Investment Company and The Carlyle Group have today reached completion of the transaction announced on 8 April 2019...

15 Oct 2019

Saudi Aramco signs with Russian companies to boost upstream industry

Saudi Aramco and Saudi pensions fund will acquire a 30.76 per cent stake in Russia’s artificial lift and pumps manufacturer Novomet...

15 Oct 2019

A call to action to the global energy industry

The energy mix is not changing nearly as quickly as the world needs it to, says Neal Anderson, President and CEO of Wood Mackenzie...

14 Oct 2019

Total expands its partnership with Adani to supply gas in India

France's Total has expanded its partnership with Inida'a Adani Group to contribute to the development of the Indian natural gas market.

14 Oct 2019

InEight debuts risk and confidence management module

InEight Basis, a planning and scheduling solution, includes a risk management module, introducing unprecedented risk and confidence management to the engineering industries...

14 Oct 2019

Moody’s upgrades APICORP credit rating

APICORP's credit rating has been upgraded by Moody’s Investors Service from ‘Aa3’ to ‘Aa2’ with ‘stable,’ outlook....

14 Oct 2019

ConocoPhillips to sell assets in Australia for US$1.39 bln

ConocoPhillips has entered into an agreement to sell the subsidiaries that hold its Australia-West assets and operations to Santos for US$1.39 billion.

14 Oct 2019

Element invests in Centre of Excellence in Houston

Element Materials Technology launches its expanded Centre of Excellence for oil and gas materials testing in Houston...

13 Oct 2019

Brooge Petroleum plans to boost Fujairah crude storage capacity

Brooge Petroleum and Gas Investment Co (BPGIC) announced plans to increase Fujairah capacity for crude storage to 3.5 million cubic metres...

13 Oct 2019

Sauer launches oil-free, gas-tight high-pressure compressor

Sauer Compressors launches HAUG Sirius NanoLoc, the first compressor to combine its high-pressure know-how and oil-free expertise...

13 Oct 2019

Spirit and Dana invest to extend life of North Sea Chestnut oilfield

Spirit Energy and partner Dana Petroleum will invest £140 million (US$180 million) for an FPSO contract to drill a new well at the Chestnut field...

09 Oct 2019

TechnipFMC, JGC and Fluor consortium awarded a contract for the Rovuma LNG Project in Mozambique

A consortium between JGC Corporation (JGC), Fluor and TechnipFMC has been awarded an EPC contract by Mozambique Rovuma Venture S.p.A. (MRV) for the Rovuma LNG onshore LNG production complex project located in Cabo Delgado, Mozambique.

08 Oct 2019

Australia’s Santos sees top results from Dorado field test well

Australia’s Santos said results from an appraisal well showed its Dorado field in Western Australia could produce at the higher end of expectations...

08 Oct 2019

Turkish ship to begin drilling south of Cyprus

Turkish drillship Yavuz will begin drilling for oil and gas southwest of Cyprus by Tuesday, Energy Minister Fatih Donmez said...

08 Oct 2019

CNPC withdraws from South Pars 11, Petropars to develop field

China National Petroleum Corp. (CNPC) has pulled out of a development contract for Iran’s offshore field South Pars Phase 11 (SP11), Iranian oil minister said...

08 Oct 2019

Expansion of Thailand’s PTTEP through partnership and technology

Phongsthorn Thavisin, President and CEO of PTTEP speaks about the ambitions of Thailand’s E&P arm...

07 Oct 2019

PTTEP selects Halliburton for digital transformation contract

Halliburton announced that PTTEP has selected Halliburton Landmark’s Digital Well Program application to automate drilling, completions and engineering processes across the well lifecycle

07 Oct 2019

Rockwell Automation names new regional sales director

Rockwell Automation announced the appointment of Sebastien Grau as regional sales director for the Middle East, Turkey and Sub Saharan Africa...

07 Oct 2019

Five ways to unlock oil and gas security synergies in the IIoT

The digital capabilities that can make you more competitive can also protect your oil and gas operations from cyber threats...

07 Oct 2019

Innovation and digital ingenuity lead the way for 2019 ADIPEC Awards

The ADIPEC Awards have attracted over 600 submissions from more than 50 countries for the 2019 edition...

06 Oct 2019

Johan Sverdrup now on stream

Equinor and the Johan Sverdrup partners started production from the giant field in the North Sea, more than two months ahead of schedule....

06 Oct 2019

Sipchem signs with Hoyer to expand petchem distribution

Sahara International Petrochemical Company (Sipchem) signed a Letter of Intent (LOI) with Hoyer Middle East to expand the reach of its chemical products.

06 Oct 2019

Gazprom and Linde create joint engineering venture

Russia’s Gazprom has announced that it has signed a deal with Linde Engineering to create a joint engineering venture in Russia.

06 Oct 2019

Oxy to start solar backed EOR in the Permian Basin

Occidental announced the start-up of the company’s first solar facility to directly power an enhanced oil recovery field operation in the Permian Basin.

06 Oct 2019

BP CEO Dudley to step down, makes way for Looney

BP said its chief executive officer Bob Dudley will step down next year, making way for Bernard Looney to replace him...

06 Oct 2019

OPEC signs research cooperation MoU

OPEC and the Gas Exporting Countries Forum signed an MoU to strengthen cooperation in research and the sharing of best practices...

03 Oct 2019

Positioned to adapt in new energy landscape

Musabbeh Al Kaabi, CEO, Petroleum and Petrochemicals, Mubadala Investment Company speaks about strategy and innovation...

03 Oct 2019

Saudi Aramco restores output after attacks –energy minister

Saudi Arabia has fully restored oil output after attacks on its facilities last month and is now focused on the listing of Saudi Aramco, its energy minister Prince Abdulaziz bin Salman said...

03 Oct 2019

ADNOC looks at issuing new bond to leverage low rates

ADNOC is considering a possible bond issue to take advantage of low interest rates, its chief financial officer said...

03 Oct 2019

Saipem signs subsea service contract with Equinor

Saipem has signed a subsea service contract with Equinor, worth 40 million Euro, using a wireless underwater intervention drone and an ROV.

02 Oct 2019

EnerMech awarded LNG contract in Australia

EnerMech Australia has been awarded a five-year contract to provide specialist nitrogen and flange management services to a LNG facility in Central Queensland.

02 Oct 2019

Metso appoints finance SVP for valves business

Metso said it has appointed Simo Sääskilahti as senior vice president, finance for Metso’s valves business area.

01 Oct 2019

Rosneft makes oil find off Russia

01 Oct 2019

Chrysaor buys ConocoPhillips’ UK oil and gas business

UK independent Chrysaor has announced that it has completed its acquisition of ConocoPhillips’ UK oil and gas business for US$2.675 billion following all necessary regulatory approvals.

01 Oct 2019

Wintershall Dea sells assets in Norway

Wintershall Dea has agreed to sell some infrastructure assets in Norway as part of a programme to optimise the firm’s global portfolio following the merger between Wintershall and DEA in May 2019.

30 Sep 2019

Total closes Anadarko’s Mozambique LNG acquisition for $3.9 bln

Total said it closed the acquisition of Anadarko’s 26.5 per cent operated interest in the Mozambique LNG project for US$3.9 billion...

29 Sep 2019

ExxonMobil to sell Norway upstream operations for $4.5 billion

ExxonMobil signed an agreement with Vår Energi AS for the sale of its non-operated upstream assets in Norway for US$4.5 billion...

29 Sep 2019

Tamarind finalises purchase of New Zealand onshore assets

Tamarind Resources said it completed the acquisition of New Zealand onshore oil and gas assets from Tag Oil...

26 Sep 2019

Equinor says it will increase oil recovery from St. Malo

Equinor sanctioned a waterflood project at the St. Malo field in U.S. Gulf of Mexico that will increase oil recovery...

26 Sep 2019

AGL to buy gas from Exxon in Australia

Australian company AGL Energy signed a Gas Supply Agreement with ExxonMobil subsidiary Esso Australia Resources...

24 Sep 2019

Shearwater GeoServices awarded SE Asia project

Shearwater GeoServices was awarded a combined 3D and 2D seismic survey in Southeast Asia for the SW Vespucci Multi-Purpose Vessel (MPV).

24 Sep 2019

OMV, Snam and TAG sign MoU for sustainable LNG mobility

OMV, Snam and TAG have signed a Memorandum of Understanding (MoU) for the collaboration in the field of sustainable LNG mobility.

19 Sep 2019

EPC companies call to step away from high-risk contract models

As LNG projects around the world become multi-billion tasks, engineering, procurement and construction (EPC) companies raise concerns about high-risk contracts.

18 Sep 2019

Trading houses’ risk appetite create more evolved worldwide LNG market

Giles Farrer, Research Director - Global LNG, Wood Mackenzie, writes about a shake-up in the sector

16 Sep 2019

Energy Transfer to acquire SemGroup in $5 bin deal

Energy Transfer, U.S. pipeline major said it will acquire rival SemGroup Corp in a deal valued at about $1.35 billion in a stock and cash deal and also build a new pipeline.

16 Sep 2019

ExxonMobil discovers oil offshore Guyana at Tripletail

ExxonMobil said on Monday it made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area.

26 Apr 2018

Helge Lund to be appointed as BP chairman

BP announced today that it has appointed Helge Lund to succeed Carl-Henric Svanberg as chairman of BP.

26 Apr 2018

Kuwait Energy pumps first gas from Iraq’s Siba

Kuwait has started first gas from the Siba gas field in the south of Iraq, according to Kuwait News Agency (KUNA).

26 Apr 2018

McDermott completes works on Vashishta and S1 for ONGC

McDermott concludes the installation and startup on the Vashishta and S1 gas field in the Krishna-Godavari basin off India for Oil & Natural Gas Corporation (ONGC).

26 Apr 2018

i-Tech Services, Leidos sign subsea digitalisation deal

i-Tech Services, a Subsea 7 company, and Leidos announced a five-year digitalisation partnership agreement.

26 Apr 2018

Gazprom Neft commissions second well at Sarqala field

Gazprom Neft’s Middle East unit has commissioned a second well at the Sarqala field in Iraq’s Kurdistan Region.

26 Apr 2018

McDermott completes works on Vashishta and S1 for ONGC

McDermott concludes the installation and startup on the Vashishta and S1 gas field in the Krishna-Godavari basin off India for Oil & Natural Gas Corporation (ONGC).

25 Apr 2018

Shell finalises investment decision on Vito in U.S. GoM

Shell has announced that it has made the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico.

25 Apr 2018

Scottish firms Flowline and Motive sign partnership

Scottish energy equipment manufacturers and service providers’ regional arms Flowline Specialists and Motive have signed a preliminary agreement to collaborate on a number of projects in the region.

25 Apr 2018

Flowserve AlMansoori launch service facility

Flowserve AlMansoori Services, a maintenance, repair and overhaul company, has launched a new facility in Mussafah, Abu Dhabi that will expand its operations and allow business growth.

25 Apr 2018

Total working with Google Cloud for AI solutions

Total and Google Cloud have signed an agreement to jointly develop artificial intelligence (A.I.) solutions applied to subsurface data analysis for oil and gas exploration and production.

25 Apr 2018

AI helps transformers in optimisation

Tyson Stuelpe, vice president of global sales and marketing at SpotSee, an IoT solutions provider, speaks to Pipeline Magazine about new technology in transformers, market demand and supply challenges

25 Apr 2018

Shell sells downstream business in Argentina

Shell has signed an agreement to sell its downstream business in Argentina to Raízen for US$0.95 billion in cash proceeds at completion, subject to customary closing conditions.

24 Apr 2018

SDX hits pay in Egypt's West Gharib concession

SDX Energy Inc., the North Africa focused oil and gas company, said it has discovered oil at its Rabul 4 well in the West Gharib Concession in Egypt.

24 Apr 2018

Iraq to auction oil exploration blocks on Thursday

Iraq will receive bids and auction exploration and development contracts to international oil and gas companies on Thursday April 26, the oil ministry said.

24 Apr 2018

Subsea 7 tables takeover bid for McDermott

UK-based Subsea 7 has said that it submitted a bid at the end of last week to acquire the entire issued share capital of McDermott but was rejected by the board of its US-based rival who in turn is in the midst of its own proposed merger with Chicago Bridge & Iron (CB&I).

23 Apr 2018

ADNOC to launch trading unit for crude oil, refined products

Abu Dhabi National Oil Company (ADNOC) on Monday said it establishing a new trading unit within its marketing, sales and trading directorate to maximise profits from every barrel of crude and refined products.

23 Apr 2018

DeepOcean buys Delta SubSea

Norway's DeepOcean has acquired Texas-based Delta SubSea to expand its presence into the U.S. Gulf of Mexico.

23 Apr 2018

ADNOC to launch crude, refined oil trading unit

23 Apr 2018

ADNOC Distribution to launch in Saudi Arabia

ADNOC Distribution, the UAE’s largest fuel and convenience retailer, said it has been awarded a license to own, operate and manage fuel service stations in the Kingdom of Saudi Arabia.

23 Apr 2018

UK companies get ADNOC ICV briefing

Over 150 oil and gas related companies from the United Kingdom met with Gulf energy companies in Abu Dhabi at an event where ADNOC unveiled its in-country value programme.

23 Apr 2018

Yinson agrees MoU with Sumitomo

Malaysia's Yinson has signed a long term Memorandum of Understanding (MoU) with Japanese company Sumitomo to jointly pursue and collaborate in the leasing and operation of FPSO and FSO projects worldwide.

23 Apr 2018

ADNOC Distribution to launch in Saudi Arabia

ADNOC Distribution, the UAE’s largest fuel and convenience retailer, said it has been awarded a license to own, operate and manage fuel service stations in the Kingdom of Saudi Arabia.

22 Apr 2018

OPEC-led deal cuts 300 mln barrels from oil stock

OPEC said a production cut accord between 24 countries resulted in oil stocks to drop by 300 million barrels but more needs to be done despite March conformity at 149 per cent.

22 Apr 2018

Lukoil fires up Uzbekistan gas plant

Russia's Lukoil has started up operations at its gas processing plant at its Kandym gas field in Uzbekistan ahead of schedule.

22 Apr 2018

Valves and pipes growing market

Charles Harris, marketing manager - EMEA, instrumentation products division Europe at Parker Hannifin spoke to Pipeline Magazine about the outlook for the valves and pipes market

22 Apr 2018

GPT launches next generation isolation gasket

Garlock Pipeline Technologies (GPT) has announced the launch of EVOLUTION. The next generation of isolation gaskets, EVOLUTION features easier installation, tight sealing, high-temperature operation, no permeation, hydrotesting isolation, fire-safety and chemical-resistance.

22 Apr 2018

SDX makes new Morocco gas discovery

SDX Energy, the North Africa focused oil and gas company, said a conventional natural gas discovery has been made at its LNB-1 exploration well on the Lalla Mimouna permit in Morocco.

19 Apr 2018

BP and Reliance sanction KG D6 Block off India

BP and India’s Reliance Industries have agreed to sanction the second phase of the integrated development of the ‘Satellite cluster’ project in Block KG D6, off India.

19 Apr 2018

SNC-Lavalin awarded Saudi Aramco Wasit Gas Plant contract

SNC-Lavalin said it has been appointed by Saudi Aramco to install additional facilities for a major gas processing facility in Saudi Arabia’s Eastern Province.

19 Apr 2018

Eisenbau Krämer wins clad pipe contract in Middle East

Eisenbau Krämer (EBK) has secured a contract to provide approximately 30 km of metallurgically bonded clad pipe for a significant project in the Middle East.

19 Apr 2018

Petroplan appoints Barnes as new CEO

Petroplan Group, the specialist oil, gas and energy recruitment company, announced the appointment of Philippa Barnes as its new CEO.

19 Apr 2018

RAK appoints CEO of new petroleum authority

Ras Al Khaimah government appointed a CEO for the petroleum watchdog following the announcement of the emirate’s first oil and gas licensing round.

19 Apr 2018

Total to buy a stake in Direct Energie for US$1.7 bln

French oil major Total announced its acquisition of a 74.33 per cent stake in French utility Direct Energie for US$1.7 billion ambition to expand in the gas-electricity market.

19 Apr 2018

DeltaTek appoints two c-level execs

Well construction specialist, DeltaTek, said it has appointed two industry experts to support company growth.

18 Apr 2018

Tullow Oil appoints Drax CEO as non-exec chair

Tullow Oil said it has appointed Dorothy Thompson as independent non-executive director and chair-designate of Tullow with effect from April 25.

18 Apr 2018

Eni and Sonatrach sign deal to boost Algeria activities

Eni and Sonatrach signed a series of agreements to further the companies’ jointly operated activities in Algeria.

18 Apr 2018

Trelleborg launches a wellhead sealing solution

Trelleborg Sealing Solutions has launched a new metal end cap seal specifically engineered for High Temperature High Pressure (HTHP) wellhead, tubing and casing hanger sealing environments.

18 Apr 2018

BiSN hires operations manager for global growth

BiSN, a downhole sealing solutions company said it has underlined its strategic plans for global growth with the appointment of Paul Braiden as operations manager.

18 Apr 2018

Endress+Hauser Group filed 261 patents in 2017

Endress+Hauser submitted 261 patent applications in 2017 as the company honoured its innovators at its annual innovators’ meeting.

18 Apr 2018

Proserv awarded Repsol contract

Proserv has secured a contract with Repsol to upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea.

18 Apr 2018

Oil Plus secures contracts worth over $1.5 mln

Oil Plus Ltd, a specialist global oil and gas consultancy, said it has secured contracts worth more than US$1.5 million over the past three months and has significantly expanded its footprint in the Middle East.

17 Apr 2018

Vermilion acquires Saskatchewan’s Spartan Energy for $1.23 bln

Canada’s Vermilion Energy said it has agreed to acquire rival oil and gas producer Spartan Energy for C$1.23 billion (US$97.8 million), expanding its presence in Saskatchewan.

17 Apr 2018

Energy transition and digitalisation tops 2018 agenda: Wood Mackenzie

Decarbonisation, the energy transition and digitalisation emerged as key themes in Wood Mackenzie’s recently released second annual State of the Upstream Industry survey.

17 Apr 2018

Iraq extends deadline for 14 bidders

Iraq oil ministry said it has received interest from 14 international oil and gas companies to bid for exploration and development contracts, which will now be auctioned by April 25.

16 Apr 2018

New partnership and investment opportunities to be unveiled at ADNOC’s Downstream Investment Forum

The Abu Dhabi National Oil Company (ADNOC) announced its plans to unveil its detailed downstream strategy, expansion plans of the Ruwais Industrial Complex and introduce new partnership and investment opportunities at the ADNOC Downstream Investment Forum that will take place in Abu Dhabi on May 13th and 14th.

16 Apr 2018

Peli unveils its latest ATEX certified torches and RALS

Peli Products has unveiled its wide range of products for the safety of professionals working in oil and gas refineries, offshore platforms, petrochemical, or other high-risk industries.

16 Apr 2018

Connectivity, data analysis key for asset management transformation

Georges El Mir, vice president - Oil and Gas for Europe and Africa at Schneider Electric speaks to Pipeline Magazine about urgent needs in asset management to optimise oil and gas companies’ operations

16 Apr 2018

TechnipFMC wins Tortue/Ahmeyim FPSO deal

TechnipFMC has been awarded a FEED contract by BP for the floating production storage and offloading (FPSO) unit for the Tortue/Ahmeyim Field Development, a major LNG project located offshore on the maritime border of Mauritania and Senegal.

15 Apr 2018

IEA says OPEC cuts have achieved aim

The International Energy Agency (IEA) in its latest Oil Market Report says that OPEC may well have achieved its aim of reducing global oil stocks to a desired level.

15 Apr 2018

BP and Petrobras form strategic alliance

UK's oil giant BP has signed a memorandum of understanding (MoU) to explore areas of cooperation with Petróleo Brasileiro S.A. (Petrobras) in Brazil and beyond.

15 Apr 2018

Stock overhang dissipates, OPEC cuts March output

The Organization of Petroleum Exporting Countries said inventory overhang has shrunken to near desired levels, helped by higher demand as well as production cuts by the group’s members.

15 Apr 2018

Tonalli spuds first well in Mexico

Tonalli Energia a joint venture between Canada's International Frontier Resources and Mexico’s Grupo IDESA has spud its first well in the onshore Tecolutla block in Mexico.

12 Apr 2018

IHS Markit Report bullish on Canada heavy oil market

Supplies of Canadian oil sands heavy crude are increasingly being refined on the U.S. Gulf Coast and could top 1.2 million barrels per day—a full one-third of the region’s heavy oil refining market—by 2020

12 Apr 2018

EnerMech makes two senior exec appointments

EnerMech is targeting further international growth with two senior management appointments in the US and UK.

12 Apr 2018

Proserv focuses on Saudisation

Gordon Geekie, general manager, Proserv Arabia Saudia spoke to Pipeline Magazine about Proserv’s Saudi Arabia business and why they have focused on achieving greater Saudisation.

12 Apr 2018

IHS Markit bullish on Canada heavy oil market

12 Apr 2018

KBR to expand its office in Singapore

KBR announced that it is going to grow its office in Singapore with the support of the Singapore Economic Development Board (EDB) to become the company's Asia Pacific regional centre of excellence for its new business areas.

12 Apr 2018

SDX Energy makes another gas find in Egypt

SDX Energy has made a gas discovery at its Ibn Yunus-1X exploration onshore well at South Disouq, Egypt.

12 Apr 2018

Proserv focuses on Saudisation

Gordon Geekie, general manager, Proserv Arabia Saudia spoke to Pipeline Magazine about Proserv’s Saudi Arabia business and why they have focused on achieving greater Saudisation.

12 Apr 2018

Tendeka awarded AICD screens contract in Sub-Sahara Africa

Tendeka has been awarded a multi-million-dollar contract to deliver autonomous inflow control devices (AICD) screens for an operator in Sub-Sahara Africa.

11 Apr 2018

Red Wing releases PetroKing footwear

Red Wing announced the release of its PetroKing line of work boots that is purpose-built for the global energy industry.

11 Apr 2018

BP sanctions two UK North Sea developments

UK's BP has announced the sanction of two new North Sea developments which are expected to come on stream in 2020.

11 Apr 2018

Saudi Aramco signs $3 bln deals with French companies

Saudi Arabia’s oil giant Saudi Aramco signed deals with French companies worth about US$3 billion as part of its business growth strategy.

11 Apr 2018

UK sanctions two North Sea developments

UK's BP has announced the sanction of two new North Sea developments which are expected to come on stream in 2020.

11 Apr 2018

Ingersoll Rand’s new heavy duty drills

Ingersoll Rand has expanded its portfolio of ATEX certified industrial equipment with seven new heavy duty pneumatic impact tools and drills.

11 Apr 2018

Saudi Aramco to build $44 bln petchem JV with Indian companies

Saudi Aramco plans to build a US$44 billion refinery and petrochemical complex on India’s west coast with a group of Indian companies as it looks to expand its international footprint.

11 Apr 2018

Total picks up several assets in U.S Gulf of Mexico

French oil giant Total has picked up several assets, including becoming operator of the North Platte discovery, located in the Gulf of Mexico as part of the Cobalt International Energy company’s bankruptcy auction sale.

10 Apr 2018

ADNOC launches first competitive bidding round

Abu Dhabi’s state-oil firm ADNOC on Tuesday launched its first ever competitive exploration and production bid round for six onshore and offshore blocks.

10 Apr 2018

Subsea 7 wins offshore Nigeria contract

Subsea 7 said it was awarded a contract by Mobil Producing Nigeria Unlimited (MPN) for a pipeline project in shallow water, offshore Nigeria.

10 Apr 2018

Almoe brings Brother printers for oil and gas

Almoe Group of Companies is the region’s most trusted one-stop shop for Audio Visual and IT products and solutions. With over 20 years of experience in this industry, our technical expertise and knowledge has helped us grow from a humble beginning in 1994 in Dubai, to marking our presence across GCC and India.

10 Apr 2018

Ocean Installer awarded Petronas’s Chinguetti project

Norwegian subsea contract Ocean Installer said it has been awarded work by Malaysia’s Petronas to assist in decommissioning the Chinguetti field off the coast of Mauritania in West Africa.

10 Apr 2018

Saudi Aramco and Total agree to build $9 bln petchem complex

Saudi Aramco and Total agreed to build a US$9 billion petrochemical complex next to an existing refinery in Saudi Arabia's Jubail region, in a move to expand the country's production capacity while reducing dependency on crude oil sales.

10 Apr 2018

Saudi Aramco and Total sign deal for giant $9 bln petchem complex

Saudi Aramco and Total signed a memorandum of understanding to build a US$9 billion giant petrochemical complex in Jubail, Saudi Arabia during the official visit to Paris by Crown Prince of Saudi Arabia, HRH Mohammed bin Salman.

09 Apr 2018

Keppel signs cooperation agreement with KrisEnergy

Singapore’s Keppel has announced that its wholly-owned subsidiaries, Keppel FELS Limited and Keppel Shipyard Ltd, have entered into a cooperation agreement with KrisEnergy to become its preferred contractors.

09 Apr 2018

Baker Botts hires Vogelsang as partner

International law firm Baker Botts said Craig Vogelsang, who specialises in upstream and midstream oil and gas development, financing and acquisitions and dispositions, has joined the firm’s Global Projects Group as a Partner in its Houston office.

09 Apr 2018

Element wins Kuwait heavy oil pipe testing project

Element Materials Technology (Element) said it secured a contract with ENGIE Fabricom to undertake pipe induction bend testing for a heavy oil development program in Kuwait.

09 Apr 2018

ADNOC Distribution approves first dividend

Fuel retailer ADNOC Distribution’s shareholders approved an AED 735 million (AED 5.88 fils per share) dividend payment at the company’s first Annual General Meeting (AGM).

09 Apr 2018

Keppel signs cooperation agreement with KrisEnergy

09 Apr 2018

AWE farms out interest in New Zealand

Australia's AWE has agreed to farm out an interest in its operated onshore permit in New Zealand to local company New Zealand Oil & Gas (NZOG) and its majority shareholder, OG Oil & Gas.

09 Apr 2018

Baker Botts hires Vogelsang as partner

09 Apr 2018

BP approves FID on Oman’s Ghazeer project

BP sanctioned the second phase of Oman's giant Khazzan field, Ghazeer, which will add 500 million cubic feet of gas a day to its production following a final investment decision (FID) to develop the project.

09 Apr 2018

Mubadala Petroleum signs production deal in Indonesia

Abu Dhabi's Mubadala Petroleum announces that it has signed the Production Sharing Contract (PSC) for Andaman I, as awarded by the Government of Indonesia in the 2017 Indonesian Licence Round.

08 Apr 2018

Shell sells Oman asset to IndianOil

Shell said it has completed the sale of its Oman unit and asset to IndianOil’s Singapore arm for US$329 million as part of its $30 billion divestment strategy to make the business more resilient.

08 Apr 2018

Saudi Aramco signs contracts worth $10 bln to expand U.S. refining

Saudi Aramco signed agreements with Honeywell UOP and TechnipFM valued at $US8-10 billion for expanding chemical production and potentially building a complex along the U.S. Gulf coast.

08 Apr 2018

CIRCOR bullish on Middle East energy growth

Scott Buckhout, president and CEO of CIRCOR, speaks to Pipeline Magazine about the oil and gas flow control manufacturing and services business outlook and strategy

08 Apr 2018

Shells sells Oman asset to IndianOil

Shell said it has completed the sale of its Oman unit and asset to IndianOil’s Singapore arm for US$329 million as part of its $30 billion divestment strategy to make the business more resilient.

08 Apr 2018

CB&I wins technology award for petrochemical plant in China

CB&I has been awarded a contract by Jinneng Science & Technology Co., for the license and engineering design of a propane dehydrogenation (PDH) unit in Qingdao, Shandong Province, China.

08 Apr 2018

CIRCOR bullish on Middle East energy growth

Scott Buckhout, president and CEO of CIRCOR, speaks to Pipeline Magazine about the oil and gas flow control manufacturing and services business outlook and strategy

08 Apr 2018

OMV to sign final ADNOC offshore concession for $1.5 bln

OMV said it will sign a US$1.5 billion deal with ADNOC for the final interest in offshore fields the Abu Dhabi state oil company is offering to foreign investors.

08 Apr 2018

Saudi Aramco signs $10 bln contract to expand U.S. refining

Saudi Aramco signed agreements with Honeywell UOP and TechnipFM valued at $US8-10 billion for expanding chemical production and potentially building a complex along the U.S. Gulf coast.

08 Apr 2018

Santos gains extra acreage position in Australia

The Queensland Government has granted Santos, along with its GLNG JV partners and APLNG, rights to explore an 86-square kilometre area in Queensland’s south-west.

05 Apr 2018

Vryhof wins Cooper Energy contracts

Australia’s Vryhof said its two units won contracts to provide full-scale mooring and anchoring services to Cooper Energy.

05 Apr 2018

Bahrain quantifies large reserves of tight oil and deep gas

Bahrain’s National Oil and Gas Authority (NOGA) said the Kingdom’s major discovery has estimate reserves of 81.5 billion barrels of tight oil located in the Khalij al Bahrain basin and deep gas reserves of 13.7 trillion cubic feet.

05 Apr 2018

SM Energy sells $292 million assets to pay off debt

SM Energy Company said it would sell its remaining North Dakota and Texas assets for US$292.3 million to focus on top-tier assets and reduce debt.

05 Apr 2018

Statoil signs $1.41 bln deals for Johan Sverdrup

Norway’s Statoil said it signed preliminary agreements worth NOK 11 billion (US$1.41 billion) for the offshore rig Johan Sverdrup phase 2 construction works with Aibel and a joint-venture of Aker Solutions and Kværner.

05 Apr 2018

SM Energy sells $292 million assets to pay off debt

SM Energy Company said it would sell its remaining North Dakota and Texas assets for US$292.3 million to focus on top-tier assets and reduce debt.

04 Apr 2018

OMV, Faroe Petroleum make double discovery in Norway

Faroe Petroleum announces significant gas/condensate discoveries in both the Hades and Iris prospects in blocks located in the Norwegian Sea.

04 Apr 2018

DNO takes stake in Faroe Petroleum

Norway's DNO has agreed to acquire a minority stake in Faroe Petroleum from Delek Group as it wants to build a long term strategic shareholding in Faroe Petroleum and support it's growth focused North Sea strategy.

04 Apr 2018

Faroe Petroleum makes double discovery in Norway

Faroe Petroleum announces significant gas/condensate discoveries in both the Hades and Iris prospects in blocks located in the Norwegian Sea.

04 Apr 2018

BAUER KOMPRESSOREN introduces new online breathing air quality system

BAUER KOMPRESSOREN launches its latest cutting edge compression and purification technology in the form of LabOnLocale-365.

04 Apr 2018

Metso acquires India-based valve company

Finland's Metso has signed an agreement to acquire the valve automation division of the India-based valve technology company Rotex Manufacturers and Engineers (RMEPL).

04 Apr 2018

Shell divests entire stake in Palestinian licence

Shell said on Wednesday it has reached an agreement with the Palestine Investment Fund to sell its entire stake in the Gaza Marine license, offshore Palestine.

03 Apr 2018

Bringing plant performance into focus

Ali Vezvaei President & CEO, Bilfinger Middle East spoke exclusively with Pipeline Magazine’s Julian Walker about bringing engineering plant performance more into focus

03 Apr 2018

Kreuz Subsea boosts management team with two appointments

Kreuz Subsea, global integrated subsea services business, said it bolstered its senior management team with two key appointments at its Singapore headquarters to support its global expansion plans.

03 Apr 2018

Tendeka appoints new advanced completions director

Tendeka, a global oil and gas solutions provider, said it appointed Paul Lynch as its new advanced completions director to help drive the commercialisation of its wireless intelligent completions technology, PulseEight.

03 Apr 2018

Petrofac wins EPC contract for Indian gas project

Petrofac has been award, from Vedanta Limited, an EPC contract for the Raageshwari Deep Gas Field Development Project located in Barmer, Rajasthan, India.

03 Apr 2018

Inpex preps pre-FEED for Indonesian Abadi LNG project

Japan's Inpex has commenced pre-FEED work for the Abadi onshore LNG Project, the Masela Block, located in the Arafura Sea in Indonesia.

03 Apr 2018

Well-Centric appoints new business development manager

Well-Centric, an independent specialist in well integrity for the global oil and gas industry, announced the appointment of Michael Scott as a new business development manager.

03 Apr 2018

Statoil awards US$1.5 billion worth of drilling contracts

Statoil has awarded drilling contracts worth Nkr12 billion (US$1.52 billion) to Archer, KCA Deutag and Odfjell Drilling for drilling services to 18 of Statoil’s fixed platforms.

03 Apr 2018

Hibiscus Petroleum completes North Sabah deal

Malaysia's Hibiscus Petroleum has completed its US$25 million acquisition from Shell of a 50 per cent operator interest in the North Sabah Enhanced Oil Recovery project offshore Malaysia.

02 Apr 2018

Bahrain’s new oil and gas discovery dwarfs reserves

Bahrain announced a significant new oil and gas discovery off its west coast, which dwarfs its current reserves and is the largest find in over 80 years.

02 Apr 2018

Eni gains another license in Mexico

Italy's Eni and its partner Russia's Lukoil have been awarded rights to Block 28, located in the medium-deep waters of the Cuenca Salina Basin, offshore Mexico.

02 Apr 2018

Ras Al Khaimah launches petroleum licensing round

UAE’s emirate Ras Al Khaimah announced the launch of its first petroleum licensing round and said it will set up an authority to regulate the tendering process.

02 Apr 2018

Honeywell introduces AR/VR simulator to train the industrial workforce

Honeywell announced a cloud-based simulation tool that uses a combination of augmented reality (AR) and virtual reality (VR) to train plant personnel on critical industrial work activities.

01 Apr 2018

Trelleborg’s new rotary seal for oil and gas

Trelleborg Sealing Solutions announced the launch of the new polytetrafluoroethylene (PTFE) based O-Ring energised single-acting rotary seal, Turcon Roto Glyd RingDXL.

01 Apr 2018

Shell wins four deep-water blocks in Brazil

Shell's subsidiary, Shell Brasil Petroleo, has won four additional deep-water exploration blocks in the Campos and Potiguar basins offshore Brazil.

01 Apr 2018

Total announces first gas from Algeria’s Timimoun

Total said it started producing first gas from the Timimoun field in southwestern Algeria.

01 Apr 2018

Saudi Aramco awards Zuluf Field development contract to Jacobs

Saudi Aramco said it awarded a contract to Jacobs Engineering Group Inc. for the onshore facilities to process heavy crude from the Zuluf field.

01 Apr 2018

Statoil awarded four blocks offshore Brazil

Statoil and partners were awarded four blocks in the Campos basin in Brazil’s 15th licensing round.

01 Apr 2018

Chevron appoints Payne as HSE VP

Chevron Corporation said it appointed David Payne as corporate vice president of Health, Environment and Safety, effective May 1, 2018.

29 Mar 2018

ADNOC signs two 3-yr sales deal for naphtha

Abu Dhabi National Oil Company (ADNOC) said it signed two new Naphtha sales agreements with chemicals companies Idemitsu Kosan of Japan and SCG Chemicals of Thailand, for a combined amount of up to 1.5 million tons per year for three years.

29 Mar 2018

Petrofac wins PDO contract for Marmul field

Petrofac said it was awarded a US$265 million contract by Petroleum Development Oman (PDO) for the development of the third phase of Marmul field in southern Oman.

29 Mar 2018

Concho Resources acquires RSP Permian

Concho Resources has agreed to acquire RSP Permian in a US$9.5 billion all-stock deal.

29 Mar 2018

Emerson digital drive

Jeff Householder (President of Emerson Automation Solutions, Middle East and Africa) conversed with Pipeline Magazine’s Julian Walker about Emerson’s big push in the field of IIoT and how they are moving to digitise oil and gas enterprises from the well through to final product distribution.

29 Mar 2018

Shell buys minority stake in Siccar Point’s West of Shetland licences

Shell has agreed to buy minority stakes from private equity-backed Siccar Point Energy in three licences in the West of Shetland area off the UK.

29 Mar 2018

Saudi Aramco and Petronas set up refinery JV

Saudi Aramco announced two joint ventures in with Petronas, for a refinery and petrochemical facility which will be part of Malaysia’s Refinery and Petrochemical Integrated Development (RAPID) project.

28 Mar 2018

GMS swings to a 2017 loss as day rates shrink

Gulf Marine Services (GMS) swung to a loss in 2017 in what it called was a challenging market environment due to pressure on day rates on vessels.

28 Mar 2018

Gastech 2018 Roadshow heads to Barcelona on April 24

Gastech 2018 is gathering regional and international business leaders, government representatives and renowned influencers at the Fira Gran Via in Barcelona, Spain, on Tuesday, April 24, to discuss the continued evolution of the growing gas and LNG market.

28 Mar 2018

Premier Oil bags 3 blocks in Mexico's latest offshore auction

UK-based Premier Oil has been awarded Block 30 in the Sureste Basin and Blocks 11 and 13 in the Burgos Basin, in Mexico’s Round 3.1 offshore auction held in Mexico City.

28 Mar 2018

Shell US hires former Maersk Oil head

Shell announced changes to its U.S. leadership team, which will see Gretchen Watkins assume the role of Shell Oil Company president and U.S chief.

28 Mar 2018

Wentworth appoints Roe as new CFO

Wentworth, the independent, East Africa-focused oil and gas company, said it has appointed Katherine Roe as the chief financial officer (CFO) of the company, effective 1 April 2018.

28 Mar 2018

Gastech 2018 Roadshow heads to Barcelona on April 24

28 Mar 2018

Archer launches new acoustic listening platform

Archer has launched the VIVID acoustic listening platform - a patented, highly sensitive, acoustic technology that detects, investigates and locates leaks in real-time, verifies cement barrier seals and characterizes downhole events with unparalleled precision.

28 Mar 2018

Cepsa secures three wins in Mexico's offshore auction

Spain's Cepsa has won 20 per cent stakes in three oil blocks in the first bidding of the 3rd Round, organised by the Mexican National Hydrocarbons Commission (CNH). The three blocks are in shallow-water areas in the Tampico-Misantla basin in the Gulf of Mexico.

28 Mar 2018

DEA awarded three operatorships in Mexico’s bid round 3.1

In Mexico’s shallow water bid round 3.1, Deutsche Erdoel Mexico was awarded two blocks with its partners Pemex Exploration and Production and CEPSA and one block jointly with its partners Malaysia's Sapura E&P and UK's Premier Oil.

28 Mar 2018

Schlumberger introduces new perforating gun system

Schlumberger introduced the Tempo instrumented docking perforating gun system that increases well productivity by efficiently deploying maximum payloads.

27 Mar 2018

Saudi Aramco signs $25 mln R&D deal with MIT

Saudi Aramco’s North American arm and Massachusetts Institute of Technology (MIT) signed a 5-year US$25 million research and development collaboration.

27 Mar 2018

Tag Oil sees oil and gas flow in New Zealand

Canada's Tag Oil has said that oil and gas has flowed from the Pukatea-1 well in New Zealand’s onshore Taranaki basin.

27 Mar 2018

DTN launches new web-based pricing tool

DTN has released a new web-based pricing tool, DTN Price Admin, and an update to its existing tool, DTN Allocation Tracker to better support downstream oil and gas automation.

27 Mar 2018

Wärtsilä VOC recovery system gets orders

Wärtsilä will supply its Volatile Organic Compounds (VOC) recovery technology, LNG fuel gas handling systems and the auxiliary engines for two new shuttle tankers being built for Singapore based AET Tankers at the Samsung Heavy Industries shipyard in South Korea.

26 Mar 2018

SDX Energy spuds new exploration well in Egypt

SDX Energy, the North Africa-focused on and gas company, said it has spud its Ibn Yunus-1X exploration well at South Disouq, Egypt.

26 Mar 2018

ADNOC awards $3.5 bln downstream contracts to Samsung Engineering

Abu Dhabi National Oil Company (ADNOC) said it has signed two major contracts between its unit ADNOC Refining and Samsung Engineering valued at US$3.5 billion.

26 Mar 2018

TechnipFMC wins exploration contract in the Gulf of Mexico

TechnipFMC has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCITM) contract by LLOG Exploration for the Who Dat field in the Gulf of Mexic

26 Mar 2018

Ampelmann gangway system sets sail with Wagenborg’s vessel Kasteelborg

Ampelmann’s A-type Enhanced Performance (AEP) gangway system will transfer personnel from Wagenborg Offshore’s second Walk to Work Emergency Response and Rescue Vessel Kasteelborg, to support gas production in the Dutch and UK sectors of the Southern North Sea.

26 Mar 2018

CGG appoints Zurquiyah as new CEO

CGG, France’s seismic contractor said it has appointed Sophie Zurquiyah as the company’s new CEO effective April 26.

26 Mar 2018

TechnipFMC wins exploration contract in the Gulf of Mexico

TechnipFMC has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCITM) contract by LLOG Exploration for the Who Dat field in the Gulf of Mexic

25 Mar 2018

Apache makes oil find in the North Sea

Apache Corporation announced a significant oil discovery on Block 9/18a Area-W in the UK sector of the North Sea. Garten is located 6 km south of the Beryl Alpha Platform.

25 Mar 2018

TechnipFMC, Magma Global enter strategic offshore alliance

TechnipFMC has agreed to partner with Magma Global to develop a new generation of hybrid flexible pipe (HFP) for use in offshore applications.

25 Mar 2018

Emerson hosts collaboration center workshop at new Saudi headquarters

Emerson Automation Solutions recently hosted a workshop at the Collaboration Center in its new headquarters in Dhahran Techno Valley with more than 50 representatives of its regional stakeholders to identify their needs and priorities for applied research in the processed industries.

25 Mar 2018

Shell to sell Iraq’s West Qurna 1 oilfield stake for $406 mln

Shell said it has agreed to sell its entire stake in the West Qurna 1 oil field for US$406 million to Japan’s Itochu Corporation.

25 Mar 2018

SDX Energy swings to 2017 profit, plans new wells

SDX Energy, the North Africa –focused oil and gas company reported a 2017 profit of US$28.3 million as it benefited from high margins at newly acquired Moroccan business and higher oil prices, while it announced plans to drill new wells.

25 Mar 2018

Evac Group appoints Valkonen as CFO

Evac Group, wastewater and water management company, said it has appointed Tuomo Valkonen as the new Chief Financial Officer (CFO) effective May 1, 2018.

22 Mar 2018

Kværner hires Løken as new CEO

Karl-Petter Løken has been appointed president and chief executive officer for the international contracting company Kvaerner.

22 Mar 2018

Chrysaor buys Spirit Energy’s stake in UK's Armada Area fields

UK independent company Chrysaor has entered into an agreement with Spirit Energy to acquire its entire interests in the Armada, Maria and Seymour fields in the Central North Sea.

22 Mar 2018

Energy demand grows 2.1 pct in 2017 – IEA report

Global energy demand grew by 2.1 per cent in 2017, according to IEA preliminary estimates, more than twice the growth rate in 2016, with oil and natural gas both seeing growth.

22 Mar 2018

Kværner hires Løken as new CEO

Karl-Petter Løken has been appointed president and chief executive officer for the international contracting company Kvaerner.

22 Mar 2018

Petrofac wins another EPC contract in India

Petrofac has been awarded an EPC contract by Hindustan Petroleum Corporation Limited (HPCL) for its Sulphur Recovery Unit (SRU) Block Package for the Visakh Refinery Modernisation Project in Andhra Pradesh, India.

22 Mar 2018

OPEC over-delivers on production cuts

OPEC and non-OPEC oil producing countries have set a new record in February with conformity to an output reduction deal hitting 138 per cent, OPEC said.

22 Mar 2018

Pearl Petroleum signs 10-yr KRG gas sales deal

Pearl Petroleum, the consortium led by Crescent Petroleum and Dana Gas, signed a 10 year gas sales deal with the Kurdistan Regional Government (KRG) which will boost production from Khor Mor Field after a US$600 million expansion.

21 Mar 2018

Mubadala Petroleum and partners agree Pegaga Gas field development plans

Mubadala Petroleum and its partners Petronas Carigali Sdn Bhd (Petronas Carigali) and Sarawak Shell Berhad have reached the Final Investment Decision for the Pegaga gas field development in Block SK 320, offshore Malaysia.

21 Mar 2018

MInteg opens office in Australia

Aberdeen-headquartered maintenance, inspection and integrity specialist, MInteg, have opened their first international base in Australia base as it targets growth in new geographic markets.

21 Mar 2018

AnTech launches real-time geosteering service for Coiled Tubing Drilling

Specialist directional coiled tubing drilling service company AnTech Ltd has launched RockView - a technology that makes real-time, high resolution geosteering possible for the first time.

21 Mar 2018

SDX Energy tests and spuds new Morocco wells

SDX Energy Inc., the North Africa focused oil and gas company, said it has completed the SAH-2 well on the Sebou permit in Morocco, while another well was spud in the same area.

21 Mar 2018

Oman’s PDO reports major gas find in Mabrouk field

Petroleum Development Oman (PDO) reported a major gas find in the northern area of Mabrouk field with an estimated 4 trillion cubic feet (tcf) of recoverable gas and 112 million barrels of condensates.

21 Mar 2018

Bilfinger wins UK contract with Shell and NAM

Bilfinger Salamis UK has been awarded a multimillion pound contract for technical manpower services on Shell UK southern North Sea (SNS) assets.

21 Mar 2018

ADNOC awards CNPC offshore concessions for $1.18 bln

The China National Petroleum Corporation (CNPC), the world’s third largest oil company, was awarded two offshore concessions for AED 4.3 billion (US$1.18 bln) by Abu Dhabi National Oil Company (ADNOC).

21 Mar 2018

Middle East energy investments to near $1 trillion in 5 yrs - APICORP

The Arab Petroleum Investments Corporation (APICORP) said almost US$ 1 trillion has been committed or planned in energy projects in the Middle East in the next five years.

20 Mar 2018

Add Energy, PT Synergy Engineering win maintenance contract for LNG project in Indonesia

Add Energy and Indonesia's PT Synergy Engineering have been awarded a maintenance build contract for work on BP's Tangguh LNG expansion project in Indonesia.

20 Mar 2018

Petrofac awarded $580 mln GCC EPC contract

Petrofac Limited said it has signed a US$580 million engineering, procurement and construction (EPC) contract with a GCC National Oil Company for the of a major project.

20 Mar 2018

Endress+Hauser secures two industry awards

Liquid analysis specialist Endress+Hauser Conducta receives the European Business Award and the TOP JOB seal of quality.

20 Mar 2018

Mideast oil and gas needs to boost readiness as cyber risk grows: Siemens

Cyber security breaches in the Middle East are widespread and frequently undetected, with 30 percent of the region’s attacks targeting operational technology (OT), finds a new study by Siemens and Ponemon Institute.

19 Mar 2018

Inpex gets offshore block in Western Australia

Japan's Inpex Corporation has announced that its subsidiary, Inpex Browse, was awarded an exploration permit as the operator of a block of Western Australia that was part of Australia’s 2017 offshore petroleum exploration acreage release.

19 Mar 2018

Petsec Energy buys out Yemen onshore block

Australia’s Petsec Energy said it agreed to buy the remaining interest and operatorship in Yemen’s onshore Al Barqa Block 7 east of Sana’a by buying out Oil Search Limited’s subsidiary.

19 Mar 2018

DNO plans Kurdistan dominance, production up

Norwegian oil and gas company DNO reported improved production in 2017 from the Kurdistan region as well as higher reserves and said it will outperform all of its rivals combined.

19 Mar 2018

GlassPoint Solar appoints Moss as CEO

GlassPoint Solar, the supplier of solar energy to the oil and gas industry, said it appointed of Steven Moss as chief executive officer.

18 Mar 2018

OMV buys Shell's New Zealand interests

Austria's OMV has agreed to acquire Shell’s Upstream business in New Zealand for US$578 million comprising joint venture interests in Pohokura, the largest gas producing field in New Zealand, and Mauias well as related infrastructure for production, storage and transportation.

18 Mar 2018

Total signs ADNOC offshore concessions for $1.45 bln

The Abu Dhabi National Oil Company (ADNOC) said France’s Total has been awarded stakes in two of Abu Dhabi’s new offshore concessions for a total of US$1.45 billion.

18 Mar 2018

Bibby merges with Rever

UK's Bibby Offshore has announced that it is merging with Norwegian player Rever Offshore that will create a larger and more robust business both in the North Sea and internationally.

18 Mar 2018

EIB approves $1.15 bln Turkey gas pipeline loan

The European Investment Bank (EIB) said it approved 932 million euros (US $1.15 billion) in financing for the Trans-Anatolian Natural Gas Pipeline (TANAP), part of a mega project to secure new gas supplies to Europe.

18 Mar 2018

Collaboration at the heart of Halliburton’s strategy

Osama Abdel Halim, Egypt and Libya Area Manger for Halliburton talks about the growing importance of the Egypt market and why collaboration is key to its growth strategy.

18 Mar 2018

Eni starts-up Ochigufu field off Angola

Eni and Sonangol announced that they have started today oil production from the Ochigufu project, in Block 15/06 of Angola’s deep offshore.

18 Mar 2018

Spirit Energy appoints technical, HSE director

Spirit Energy said it appointed Neil McCulloch as its technical and HSE director.

18 Mar 2018

WTS Energy hires business development manager

WTS Energy said it has hired Karen Taylor as a senior business development manager for Middle East operations.

18 Mar 2018

Construction begins at Saudi shipyard JV

Construction work has started at the Saudi Aramco joint venture shipyard in eastern Saudi Arabia after the JV company International Maritime Industries (IMI) entered into a loan with Saudi Industrial Development Fund (SIDF), Lamprell said.

15 Mar 2018

Conventional pre-FID breakevens give the Lower 48 a run for its money

15 Mar 2018

SpotSee appoints new VP of Engineering and Innovation

SpotSee, a global internet of things (IoT) connectivity platform, has appointed Jan Van Niekerk as the company’s vice president of engineering and innovation.

15 Mar 2018

Petronas agrees to supply LNG to Tokyo Gas

Petronas through its subsidiary, Malaysia LNG (MLNG) has signed a Heads of Agreement with Tokyo Gas Co.to supply liquefied natural gas (LNG) for a period of up to 13 years.

15 Mar 2018

CCEL and CCEP Consortium new EPC award in Zirku Island

A consortium comprising Chiyoda CCC Engineering Ltd (CCEL) and Consolidated Contracting Engineering & Procurement S.A.L. Offshore (CCEP), EPC Construction and Engineering service providers in the UAE, have successfully won their next EPC project in Abu Dhabi against tough industry competition.

15 Mar 2018

Conventional pre-FID breakevens give the Lower 48 a run for its money: Wood Mackenzie

15 Mar 2018

DNV GL opens LNG test centre

The LNG test centre, located in Groningen, The Netherlands, will enable safer and more efficient use of LNG by supporting stakeholders across the value chain.

15 Mar 2018

STL secures Norwegian patent

Aberdeen-based, STL (Subsea Technologies Limited) has reached the next stage in its efforts to secure worldwide patents for its Xtreme Release Connector, currently in use globally. STL has been awarded a Norwegian patent.

15 Mar 2018

M² Subsea names new global director

M² Subsea has strengthened its senior management team with the appointment of Andrew Imrie as global sales and marketing director.

15 Mar 2018

McDermott Middle East celebrates milestone

McDermott International announced it has reached 80 million man-hours without a lost time injury (LTI) in its Middle East Area.

15 Mar 2018

Russia's Zarubezhneft agrees contract with Iran's NIOC

Russia's Zarubezhneft and local Iranian company Dana Energy signed an Iran Petroleum Contract (IPC) with the National Iranian Oil Company (NIOC) to develop Aban and the West Paydar joint oilfields.

15 Mar 2018

Conventional pre-FID breakevens give the Lower 48 a run for its money: Wood Mackenzie

14 Mar 2018

Deal for Bangladesh LNG project agreed

Bangladesh-based Summit Power and Japan’s Mitsubishi Corporation with its subsidiary Diamond Gas has signed a MoU to develop a LNG-to-Power project at Matarbari, Bangladesh that is expected to cost up to US$3 billion.

14 Mar 2018

MaK Middle East opens new workshop at DMC

MaK Middle East LLC, a Caterpillar company established in 2017, recently announced the opening of its new workshop in Dubai Maritime City to provide product support services in the Middle East region for Caterpillar’s MaK, CM and EMD branded medium speed engines.

13 Mar 2018

Frames appoints new CEO

Frans B. Roozendaal has been appointed as CEO of Frames and joins the management board at Frames on 1 March 2018.

13 Mar 2018

MaK Middle East opens its new workshop at DMC

13 Mar 2018

BP picks McDermott and BHGE for subsea contracts in West Africa

McDermott International and Baker Hughes, a GE company (BHGE) have been selected for front-end engineering design (FEED) studies in advance of a engineering, procurement, construction and installation (EPCI) contract for BP’s Tortue/Ahmeyim Field Development, a major gas project located on the maritime border of Mauritania and Senegal.

13 Mar 2018

GAC Saudi Arabia partners with Fendercare Marine Middle East in Saudi Arabia

GAC Saudi Arabia has joined forces with Fendercare Marine Middle East, part of James Fisher and Sons, to supply quality marine products to customers in Saudi Arabia.

13 Mar 2018

Statoil finalises investment plan for Askeladd field

Norway’s Statoil and its partners have decided to invest over NOK5 billion (US$642 million) to develop the Askeladd field, which is part two of the multi-phased Snøhvit development in the Barents Sea.

13 Mar 2018

BP picks McDermott and BHGE for subsea contracts in West Africa

13 Mar 2018

Substantial technology demand in the Middle East

Luq Niazi, IBM Global managing director, Chemical & Petroleum Industries speaks about IBM’s commitment to serving technology in the oil and gas sector

12 Mar 2018

Petrofac wins refinery contract in India

Petrofac has been awarded a lump-sum Engineering, Procurement and Construction (EPC) contract by Bharat Petroleum Corporation Limited (BPCL) worth US$ 135 million for the Kochi Refinery in Kerala, India.

12 Mar 2018

NSRI appoints new director

The National Subsea Research Initiative (NSRI) has appointed Tony Laing as its new director of research and market acceleration.

12 Mar 2018

Mubadala Petroleum acquires stake in Egypt's Shorouk Concession from Eni

Mubadala Petroleum and Italy’s Eni signed an agreement to purchase a 10 per cent stake in the Egyptian Shorouk Concession that encompasses the giant Zohr gas field located in the Mediterranean Sea.

12 Mar 2018

Rockwell Software launches new version of Studio 5000

Rockwell Software launches latest edition of Studio 500 that includes modern user interface and productivity-enhancing features across all applications, and includes updates to help engineers improve productivity from design to deployment.

12 Mar 2018

Subsea 7 bags Azerbaijan contract

Subsea 7 has been awarded of a contract by BP Exploration for the provision of subsea inspection, repair and maintenance (IRM) services on both the Azeri-Chirag-Gunashli (ACG) and Shah Deniz (SD) fields, offshore Azerbaijan.

12 Mar 2018

AIS Training and Restrata partner-up

Industrial training specialist, AIS Training and safety and security player, Restrata, are joining forces to develop and deliver incident management training for the energy sector.

12 Mar 2018

ADNOC awards Eni two offshore concessions stakes

ADNOC and Eni signed two historic agreements that awards Italy’s multinational oil and gas company Eni stakes in two of Abu Dhabi’s offshore concession areas for US$875 million in participation fees.

11 Mar 2018

Saudi Aramco agrees gas MoU with Shell

Saudi Aramco signed a MoU with Royal Dutch Shell to jointly pursue international gas business opportunities, including upstream development, liquefaction projects and other aspects of the gas value chain.

11 Mar 2018

Preliminary programme announced for Gastech 2018

Gastech has announced its preliminary programme ahead of the conference taking place in Barcelona this September, 17-20.

11 Mar 2018

ASCO wins North Sea contracts and renewals

ASCO has announced that it has secured a mixture of contract awards and renewals for key North Sea clients, including Nexen worth in excess of £50 million (US$69 million).

11 Mar 2018

Wood awarded big project for Saudi Aramco and SABIC

Wood has announced that it had won a contract to develop the world’s largest crude oil to chemicals project for Saudi Aramco and SABIC

11 Mar 2018

IsoA technology on hand to help refiners

Koch-Glitsch and INVISTA Performance Technologies (IPT), affiliates of Koch Industries, have expanded their partnership to offer IsoA technology allowing refineries to transform low value, light paraffinic feeds into high-octane gasoline blend stock.

11 Mar 2018

Harris Pye appoints new GM for Offshore & Marine

Richard Price has been appointed general manager for Offshore & Marine within the Power Services Division of Harris Pye, a Joulon company.

11 Mar 2018

Total completes Maersk Oil deal

French oil major Total has completed the acquisition of Denmark's Maersk Oil to become the second-largest operator in the North Sea.

11 Mar 2018

Busy year ahead for marine support

By: David Manuel, OSV market analyst at IHS Markit The region’s requirements for anchor handling tugs (AHT), anchor handling tug and supply (AHTS), and platform supply vessels (PSV) have seen steady growth in 2017.

10 Mar 2018

SDX finds more gas in Morocco

London-listed SDX Energy has made another gas discovery at its SAH-2 well on the Sebou permit in Morocco.

08 Mar 2018

Bahrain’s refinery expansion, LNG terminal sees big spending

Pipeline Magazine’s Nadia Saleem writes about upcoming oil and gas projects in Bahrain and the country’s pressing energy needs

08 Mar 2018

Samsung Engineering awarded Ruwais contract

Samsung Engineering has announced that it has won a contract worth US$473 million from ADNOC Refining to deliver a new power & water generation plant at Ruwais in Abu Dhabi.

08 Mar 2018

Samsung Engineering awarded Ruwais project

Samsung Engineering has announced that it has won a contract worth US$473 million from ADNOC Refining to deliver a new power & water generation plant at Ruwais in Abu Dhabi.

07 Mar 2018

Wintershall looking at development plans for Shuwaihat field

BASF's Wintershall subsidiary said at its annual press conference that it had successfully completed its second exploration well (SH-6) in the Shuwaihat field in Abu Dhabi and is now looking at development plans for the well.

07 Mar 2018

Wintershall sees strong returns in 2017

BASF's Wintershall subsidiary presented at its annual press conference in Kassel, Germany significantly improved results for 2017.

07 Mar 2018

ADNOC to focus on downstream sector

The Abu Dhabi National Oil Company (ADNOC) said it is looking to move further downstream, as the company pivots to take full advantage of the rising demand for higher value refined and petrochemical products, particularly in the growth economies of China and Asia.

05 Mar 2018

Emirates Steel sees strong 2017 revenues

Emirates Steel, wholly-owned by Abu Dhabi’s General Holding Corp (Senaat), announced a strong set of financial results for 2017 at its annual media briefing.

05 Mar 2018

Record U.S. oil output to keep global markets well supplied to 2020: IEA

Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency's latest annual report on oil markets.

05 Mar 2018

McDermott awarded deal for BP Trinidad gas platform

McDermott International has been awarded a detailed engineering and long lead procurement services contract from BP Trinidad & Tobago, LLC (bpTT) for the Cassia C Compression Platform, located 65 kilometers off the southeast coast of Trinidad and Tobago.

05 Mar 2018

KBR to provide Ammonia InSite technology in Indonesia

KBR has entered into an agreement to provide its proprietary technology Ammonia InSite Technology to PT Panca Amara Utama (PAU) for the Sulawesi, Indonesia ammonia plant complex.

05 Mar 2018

KCA Deutag merges with Dalma Energy

UK's KCA Deutag has entered into agreement to combine with Oman's Dalma Energy to form an enlarged drilling and engineering group that will give the UK firm increased footprint in the Middle East.

05 Mar 2018

Record U.S. oil output to keep global markets well supplied: IEA

04 Mar 2018

Total takes over Marathon’s stake in Libya’s Waha field

France's Total has acquired Marathon Oil's 16.33 per cent stake in Libya’s Waha Concessions for US$450 million as it looks to access low-cost oil and consolidates its existing position in Libya.

04 Mar 2018

Saudi Aramco signs steel MoU

Saudi Aramco signed a Memorandum of Understanding (MoU) with Nippon Steel and Sumitomo Metal Corporation (NSSMC), Sumitomo Corporation to look at the possibility of building a steel mill in the Ras al-Khair area.

04 Mar 2018

Subsea 7 buys Siem Offshore Contractors

Subsea 7 has agreed to buy Germany-based Siem Offshore Contractors, along with two vessels. Subsea 7 has agreed to pay €140 million ($171 million) for the company

01 Mar 2018

ExxonMobil makes 7th oil find off Guyana

U.S. oil giant ExxonMobil announced that is run of good luck in Guyana continued with the discovery of its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well.

01 Mar 2018

OMV sells Pakistan upstream business for €157 mln

OMV, the international integrated oil and gas company based in Vienna, said it agreed to sell its upstream business in Pakistan to Dragon Prime Hong Kong for €157 million as it looks to optimise its portfolio.

01 Mar 2018

Petrofac 2017 orders see boost, plans deep-water exit

UK-based oilfield services company Petrofac reported higher order intake for 2017 as oil prices rose but ended the year with a net loss, while said it would exit its deep water operations.

01 Mar 2018

BP licenses its PTA technology in Turkey

BP and SOCAR TURKEY ENERJI A.Ş (SOCAR Turkey) have entered into a licensing agreement for BP’s latest generation purified terephthalic acid (PTA) technology.

01 Mar 2018

Pentanova recruits senior management team

Canada’s Pentanova Energy said it has appointed a new senior management team to grow its oil and gas business in Columbia and Argentina.

01 Mar 2018

PentaNova Energy drills gas well in Colombia

Canada-based PentaNova Energy has announced that it has spud the first gas well in Colombia’s Maria Conchita gas block, where it holds an 80 per cent beneficial working interest.

01 Mar 2018

AVEVA and Schneider Electric’s industrial software business combine

AVEVA announced it has combined with Schneider Electric’s industrial software business to drive digital transformation across the asset and operational life cycle for capital-intensive industries.

28 Feb 2018

Jura Energy finds gas in Sindh’s Guddu Block

Canada’s Jura Energy said it discovered gas in Sindh, Pakistan’s Guddu Block, while drilling exploration well Umair-1.

28 Feb 2018

Statoil spuds well at Oseberg

Norway's Statoil announced that it has started drilling at its Oseberg Vestflanken 2 complex in the Norwegian North Sea.

28 Feb 2018

Expro boosts downhole camera capabilities

Expro has enhanced its cased hole services offering by signing a global agreement with downhole video and camera technology specialist Vision iO.

28 Feb 2018

Bibby Offshore completes contract for BP in the North Sea

Bibby Offshore has announced that it has successfully completed a contract worth more than £2 million for BP in the North Sea.

28 Feb 2018

SNC-Lavalin wins 5-yr Saudi engineering deal

SNC-Lavalin said Saudi Arabia’s Al Khafji Joint Operations awarded it a five-year deal for onshore and offshore engineering on oil and gas projects near the Saudi-Kuwait border.

27 Feb 2018

SK Innovation finds oil in South China Sea

Korean SK Innovation said that it had made an oil discovery in the PRMB block 17/03 in the South China Sea.

27 Feb 2018

Wintershall awards two subsea contracts for Nova field

Germany's Wintershall has awarded Aker Solutions and Subsea 7 work on subsea facilities for its operated Nova field (formerly Skarfjell) in the Norwegian North Sea.

27 Feb 2018

Add Energy and Trendsetter’s well control hardware is contracted by oil major

Add Energy and Trendsetter Engineering Inc (TEI) have been contracted by an oil and gas operator to provide well control expertise and access to their patented Relief Well Injection Spool (RWIS) to a well which is planned to be drilled in the Barents Sea during Q2 of 2018.

27 Feb 2018

Hydrocarbon Finder signs Meethaq loan for Oman development

Oman’s energy company Hydrocarbon Finder (HCF) signed a US$160 million Islamic project financing facility with Meethaq to develop oil and gas fields in the country’s Block 7 permit and boost production.

27 Feb 2018

Saipem drillship moves to Eni’s Morocco well

Eni has mobilised drillship Saipem 1200 for Rebat’s exploration well, withdrawing it from a Turkish block towards its operations in Cyprus.

27 Feb 2018

Sonatrach, BP, Statoil sign upstream MoU

Sonatrach signed a memorandum of understanding (MoU) with Algerian units of BP and Statoil for upstream exploration opportunities.

26 Feb 2018

Trelleborg launches next generation fire-resistant material

Trelleborg’s offshore operation has launched its next-generation fire-resistant material for the oil and gas industry.

26 Feb 2018

Norwest Energy awards seismic work off Australia

Norwest Energy has awarded a contract for the acquisition of a 40 sq-km seismic survey to Synterra Technologies Pty for the Xanadu discovery in the Perth basin off Australia.

26 Feb 2018

Rockhopper Exploration plans more Egypt wells

Rockhopper Exploration said production levels had improved at an Egyptian asset on higher oil prices, triggering plans for new wells this year.

26 Feb 2018

Rockhopper Explorations plans more Egypt wells

Rockhopper Exploration said production levels had improved at an Egyptian asset on higher oil prices, triggering plans for new wells this year.

26 Feb 2018

Global LNG demand surges, says Shell

The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017, according to Shell’s annual LNG Outlook.

26 Feb 2018

ADNOC awards 10pct stake in Lower Zakum to INPEX

Abu Dhabi National Oil Company (ADNOC) said it awarded a 10 per cent stake in offshore Lower Zakum concession to Japan’s INPEX for AED 2.2 billion (US$ 600 million).

25 Feb 2018

Haugan resigns as Kvaerner CEO to lead Aker Energy

Jan Arve Haugan has resigned from his position of president and CEO of Kvaerner, to begin his new role, effective March 1 as CEO of the newly established oil company Aker Energy, EPC company Kvaerner said.

25 Feb 2018

Schlumberger, Subsea 7 to form oil services joint venture

Schlumberger and Subsea 7 announced that they have entered into exclusive negotiations to form a joint venture that builds on the success of Subsea Integration Alliance, which was established in 2015.

25 Feb 2018

Unique Group launches cloud-based equipment manager

Unique Group has launched a new cloud-based planned maintenance system to help companies in the diving market sector effectively manage their equipment and adhere to certification guidelines and rules.

25 Feb 2018

Restrata appoints new head of consultancy

Restrata, a security, safety and emergency response solutions company, said it appointed a new head of consultancy to lead the organisation’s continued growth and international expansion.

25 Feb 2018

GE and Noble Link up for digital rig

Following the partnership formed by GE and Noble Corporation, the two companies launched the world’s first digital drilling vessel, targeted to achieve 20 per cent operational expenditure reduction across the targeted equipment and improve drilling efficiency.

25 Feb 2018

Moving towards a decarbonised future through efficiencies

Wayne Jones, chief sales officer at MAN Diesel & Turbo speaks to Pipeline Magazine about increase efficiency and lower the environmental footprint of hydrocarbon production and processing

25 Feb 2018

SDX Energy to plug and abandon Morocco well

SDX Energy, the North Africa focused oil and gas company, said it will plug and abandon the latest of the six Morocco wells in the Sebou permit after striking uncommercial saturations of gas.

22 Feb 2018

Halliburton facilities in Angola to achieve API Q2 registration

Halliburton announced that its Angolan facilities, Luanda – SONILS base, which incorporates the Cabinda – Malembo base and Soyo – Kwanda base facilities, and all of the company’s product service lines in those locations have received the American Petroleum Institute (API) Specification Q2 Registration.

22 Feb 2018

Sierra introduces new flow energy solution

Sierra Instruments announces the launch of its new flow energy solution for managing and optimising flow measurement for industrial facilities of all sizes.

22 Feb 2018

OPEC says output cut conformity hits 133 pct

OPEC said the group in a supply-cut pact with Russia-led non-OPEC members achieved a record 133 percent compliance in January with agreed output reduction targets.

22 Feb 2018

ADNOC targets Europe with Chemlube deal

Abu Dhabi National Oil Company (ADNOC) said it signed a deal with Swiss company Chemlube, to be its exclusive seller in Europe for its petrochemicals used to make engine oils.

22 Feb 2018

Fugro awarded contract in China

Fugro has been awarded a contract by Guangzhou Marine Geological Survey (GMGS) for gas hydrate investigation on the Northern Continental Slope of the South China Sea.

22 Feb 2018

BP outlook 2040: Energy demand grows but diversifies

Oil and gas will grow to account for half of the world’s energy in 22 years, as natural gas overtakes coal as the second largest sources, BP said in its latest outlook.

22 Feb 2018

OPEC says output cut conformity hits 133 pct

OPEC said the group in a supply-cut pact with Russia-led non-OPEC members achieved a record 133 percent compliance in January with agreed output reduction targets.

21 Feb 2018

Atlas Professionals launches drilling assessment

Atlas Professionals has developed a drilling assessment which will support employers looking to further build skilled and competent teams, and ensure a sustainable and safe environment offshore.

21 Feb 2018

Chevron restarts operations in Iraqi Kurdistan

Chevron said it has resumed drilling for oil in the Kurdistan Region of Iraq (KRI), four months after suspending them during conflict between Baghdad and the autonomous region.

21 Feb 2018

Subsea 7 takes stake in Xodus Group

Subsea 7 has agreed to acquire a 60 per cent interest in Xodus Group, the engineering and advisory consultancy and existing shareholder, Chiyoda Corporation of Japan, will retain a 40 per cent interest

21 Feb 2018

Iraq invites bids for northern oil refinery

Iraq’s oil ministry invited foreign companies and investors to bid for the construction and operation of a new oil refinery in the Northern Province with a planned capacity of 100,000 barrels per day (bpd).

21 Feb 2018

Anadarko agrees Mozambique LNG sale and purchase deal with EDF

Anadarko Petroleum Corporation announced Mozambique LNG1 Company Pte., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has entered into a long-term LNG Sale and Purchase Agreement (SPA) with Électricité de France (EDF).

20 Feb 2018

Wärtsilä to work with Maersk Drilling on maintenance strategy

Wärtsilä, Finnish manufacturer for marine and energy industry equipment said it has signed up with Maersk Drilling for a 25-year maintenance strategy for Maersk’s three semi-submersible rigs and four drillships.

20 Feb 2018

SOCAR AQS and Bangladesh Bapex sign MoU

Azerbaijan's SOCAR AQS has signed a Memorandum of Understanding (MoU) with Bangladesh Petroleum Exploration and Production Company (Bapex) to help foster greater cooperation regarding new oil and gas projects in Bangladesh.

20 Feb 2018

Transneft Diascan upgrades ultrasonic defectoscopes

Russia's Transneft Diascan has modified the combined magnetic ultrasonic defectoscopes of its inspection tool for two pipeline sizes: 20-DKK and 28-DKK.

20 Feb 2018

Total agrees to set up petchem JV with Borealis, NOVA

Total said it has signed an agreement to set up a petrochemicals joint venture on the U.S. Gulf Coast with Borealis and NOVA Chemicals.

20 Feb 2018

Chevron appoints corporate VP of strategic planning

Chevron Corporation said it appointed Bruce Niemeyer as the corporate vice president of strategic planning, effective immediately. Niemeyer is currently vice president of Chevron’s mid-continent business unit.

20 Feb 2018

Seatronics, Whitecap Scientific Corporation announce global distribution agreement

Seatronics, an Acteon company, and Whitecap Scientific have announced a global distribution agreement that will see Seatronics invest in ROV3D Recon DVR rental units for their Aberdeen (UK), Houston (USA), Singapore, and Abu Dhabi (UAE) offices.

20 Feb 2018

DarkMatter hires Thakkar as head of advanced research

UAE-based international cyber security firm DarkMatter said it appointed Shreekant Thakkar to lead its advanced research division as the company looks to boost its dedicated research functions.

19 Feb 2018

Russia’s Novatek and Saudi Aramco to work on gas projects

Russian independent natural gas producer Pao Novatek (Novatek) said it signed a preliminary deal with Saudi Aramco for LNG supplies and gas projects.

19 Feb 2018

Neptune Energy finalises Engie EPI deal

Neptune Energy Group has announced the completion of the acquisition of France's Engie E&P International (EPI). The private-equity producer now has global reach and access to a balanced portfolio of oil and gas production.

19 Feb 2018

Aker BP finds oil off Norway

Aker BP has announced that is has found oil in its latest discovery off Norway at an exploration well located in the Alvheim area.

19 Feb 2018

Gastech 2018 gets royal and ministerial endorsements

Gastech, the global exhibition and conference at the forefront of the international gas, LNG and energy industries, has received the Presidency of Honour from His Majesty King Felipe VI of Spain as the event arrives in Barcelona for its 30th edition

18 Feb 2018

Global energy shifts set to transform the Middle East energy sector

Oil rich nations have a window of opportunity to transform and be well positioned to benefit from this shifting global energy landscape, according to recent report “The Great Energy Shift”, produced by global strategic management consultants, A.T. Kearney.

18 Feb 2018

MENA security spending on the rise as risk awareness expands

Gartner’s senior research analyst Sam Olyaei speaks to Pipeline Magazine about the company’s new research on security investment and insight into the Middle East oil and gas industry security risks

18 Feb 2018

CGG GeoSoftware releases new updates to entire geoscience portfolio

CGG GeoSoftware has released new updates across its entire geoscience portfolio from HampsonRussell, Jason, PowerLog, InsightEarth, VelPro, and EarthModel FT solutions.

18 Feb 2018

Novacavi launches new ROV dynamic cables

Novacavi has released a matt PUR finished version of ROV dynamic cables that the firm says will improve operational efficiency and maneuverability both in water and on deck.

18 Feb 2018

MENA security spending on the rise as risk awareness expands

18 Feb 2018

Novacavi launches new ROV dynamic cables

Novacavi has released a matt PUR finished version of ROV dynamic cables that the firm says will improve operational efficiency and maneuverability both in water and on deck.

18 Feb 2018

ADNOC awards offshore concession stake to Cepsa for $1.5 bln

Abu Dhabi National Oil Company (ADNOC) said Sunday it signed a 40-year concession deal with Spain’s Cepsa worth AED 5.5 billion ($1.5 billion) for a 20 per cent stake in its offshore SARB and Umm Lulu concessions.

15 Feb 2018

Algeria’s Sonatrach settles disputes with Saipem

Algeria's Sonatrach said it has agreed to a settlement with Italian oil firm Saipem on Wednesday, which ends their legal dispute over four gas projects.

15 Feb 2018

Saipem wins $750m Duqm refinery EPC contract

Italian oil and gas contractor Saipem said Thursday it was awarded a US$750 million engineering contract in Oman by Duqm Refinery and Petrochemical Industries Company.

15 Feb 2018

Algeria’s Sonatrach settles disputes with Saipem

Algeria's Sonatrach said it has agreed to a settlement with Italian oil firm Saipem on Wednesday, which ends their legal dispute over four gas projects.

15 Feb 2018

Lukoil production in 2017 up on gas development

Russian oil producer Lukoil said its 2017 hydrocarbon production rose in 2017 on back of gas development projects, but its oil production was down in the fourth quarter.

14 Feb 2018

ADNOC launches strategy to boost local development, employment

Abu Dhabi National Oil Company (ADNOC) said it has launched the implementation phase of its new In-Country Value (ICV) strategy which will support economic growth as well as employment for UAE nationals.

14 Feb 2018

Woodside to buy ExxonMobil’s Scarborough share

Australia's biggest oil and gas producer, Woodside said it signed a deal to buy ExxonMobil's share of the Scarborough gas field located in the Carnarvon Basin, offshore Western Australia.

14 Feb 2018

ADNOC launches strategy to boost local development, employment

14 Feb 2018

PDO and GlassPoint launch Miraah solar plant for EOR

Petroleum Development Oman (PDO) and GlassPoint Solar inaugurated the Miraah solar plant on Feb 13, located at Oman’s Amal oilfield, which will be among the world’s largest solar projects when completed.

14 Feb 2018

Genel revises Kurdistan oilfields reserves

UK’s Genel Energy said it has revised its Taq Taq, Bina Bawi and Miran oil reserves after a new report on the Kurdistan oilfields.

14 Feb 2018

Kuwait Energy finds oil in Egypt’s eastern desert

Kuwait Energy has discovered oil in Egypt’s eastern desert after reassessing seismic data that identified drilling opportunities, just after it sold part of its interest in Iraq’s Block 9.

14 Feb 2018

Honeywell launches Dubai centre for cyber security

Honeywell launched its first Middle East industrial cyber security centre of excellence (COE) at its Dubai office to test and demonstrate threats, vulnerabilities and to train customers.

13 Feb 2018

Oil market is re-balancing says OPEC at EGYPS

OPEC’s secretary general, Mohammed Barkindo said that the oil market was on course to re-balance during his keynote speech at the opening ceremony of the 2nd Egypt Petroleum Show (EGYPS) in Cairo.

13 Feb 2018

Faroe sells stake in Fenja to Suncor Energy

Faroe Petroleum, an independent oil and gas company said it sold a 17.5 per cent interest in offshore Norway’s Fenja development to Canada’s Suncor Energy for US54.5 million.

13 Feb 2018

Statoil awards Johan Castberg FPSO contract to Kværner

Norway’s Statoil said it awarded a construction and installation contract to Kværner for the Johan Castberg floating production, storage and offloading vessel (FPSO) in the Barents Sea valued at 3.8 billion Norwegian kroner (US$481 million).

13 Feb 2018

Egypt accelerating oil investment

Egypt’s minister of petroleum and mineral resources Tareq Al-Mulla said during the opening ceremony of the Egypt Petroleum Show (EGYPS) yesterday that Egypt was accelerating opening up the country’s oil and gas sector.

13 Feb 2018

BP begins production from Egypt’s Atoll gas field

BP said it started gas production from the Atoll phase one project, offshore Egypt, delivered ahead of schedule and below cost.

12 Feb 2018

Iraq signs deal for Kirkuk refinery with local firm

Iraq’s oil ministry said it signed a deal with a local company to build a 70,000-barrels-per-day oil refinery near Kirkuk.

12 Feb 2018

Total-led group to explore out of disputed offshore Lebanon area

Total said it led a group in signing two exploration and production contracts covering offshore Lebanon blocks, but it will explore outside of a disputed area.

12 Feb 2018

Total-led group to explore outside of disputed area offshore Lebanon

Total said it led a group in signing two exploration and production contracts covering offshore Lebanon blocks, but it will explore outside of a disputed area.

12 Feb 2018

Sonatrach to invest $56 bln in 5 yrs, launches gas pipeline

Algeria’s state-owned energy company Sonatrach is looking to invest US$56 billion in projects in the next five years, its CEO said after launching a new gas pipeline.

12 Feb 2018

DEA to invest $500 mln in Egypt to boost production

Germany’s DEA said it will invest US$500 million in Egypt in the next three years as it looks to boost oil and gas production from its oilfields.

12 Feb 2018

Total-led group to explore out of disputed offshore Lebanon area

Total said it led a group in signing two exploration and production contracts covering offshore Lebanon blocks, but it will explore outside of a disputed area.

12 Feb 2018

Sound Energy wins expanded Sidi Moktar permit

Sound Energy, the Morocco focussed upstream gas company, said it was awarded a petroleum contract with 75 per cent interest over eight years for an expanded Sidi Moktar area in central Morocco.

12 Feb 2018

ADNOC’s unit awards EPC contract for Haliba field production

ADNOC’s unit Al Dhafra Petroleum awarded an oil production infrastructure contract to bring online the Haliba field that lies along the south-east border of Abu Dhabi.

11 Feb 2018

DNO to up Kurdistan investments, swings to profit

DNO ASA, the Norwegian oil and gas operator, said it would hike spending this year in the Kurdistan region of Iraq by 50 per cent to US$250 million on back of a stronger financial performance in 2017 and regular export payments.

11 Feb 2018

Eni discovers gas offshore Cyprus

Eni said it made promising a natural gas discovery offshore Cyprus, which looks similar to the nearby giant Zohr field.

11 Feb 2018

Egypt’s energy future promises new opportunities

Tarek El Molla, Egypt’s Minister of Petroleum and Mineral Resources speaks to Pipeline Magazine ahead of the Egypt Petroleum Show about the country’s new oil and gas investment opportunities and new petroleum projects

11 Feb 2018

ADNOC awards offshore stake to ONGC-led consortium

Abu Dhabi National Oil Co’s (ADNOC) awarded the first stake in its 40-year offshore oil concession to a consortium led by India’s Oil and Natural Gas Corp (ONGC), boosting its energy ties with the world’s third-biggest consumer.

11 Feb 2018

DNO to up Kurdistan investments, swings to profit

11 Feb 2018

Cheniere signs LNG sales deal with CNPC

U.S. natural gas exporter Cheniere Energy (Cheniere) said it entered into two liquefied natural gas (LNG) sale and purchase agreements with China National Petroleum Corporation (CNPC), breaking into the Chinese market for the first time.

11 Feb 2018

Eni discovers gas offshore Cyprus

Eni said it made promising a natural gas discovery offshore Cyprus, which looks similar to the nearby giant Zohr field.

11 Feb 2018

Eypt’s energy future promises new opportunities

08 Feb 2018

AkzoNobel releases new corrosion coating

AkzoNobel has launched a new high build epoxy coating containing a high level of lamellar glass flake for enhanced abrasion and corrosion protection.

08 Feb 2018

Production ramp up boosts Total’s 2017 profit

Total posted a 28 per cent jump in 2017 adjusted net income as higher oil prices and production growth pushed up the oil major’s upstream revenue.

08 Feb 2018

Rotork to provide valve actuators for Iraqi refinery

Rotork has won the contract to provide large quantities of its IQ3 non-intrusive intelligent electric valve actuators for Iraq's State Company of Oil Projects' (SCOP) Karbala refinery.

08 Feb 2018

Aker Solutions wins services contract from Petrobras in Brazil

Aker Solutions said it won a contract to provide maintenance and modifications services for three platforms at Petrobras-operated oil and gas fields offshore Brazil, expanding its business in a key international market.

07 Feb 2018

Statoil cuts Johan Sverdrup cost, boosts value

Norwegian oil producer Statoil said it has brought down the breakeven price for Johan Sverdrup by cutting cost and increased resource estimate to boost the value of the offshore project.

07 Feb 2018

Lukoil to build $2.1 bln Russian chemicals complex

Lukoil is planning to invest a 120 billion roubles (US$2.1 billion) to build a chemicals complex on the Northern coast of the Caspian Sea that will use natural gas as a feedstock.

07 Feb 2018

ADNOC signs 15-yr gas supply deal with Dubai

The Abu Dhabi National Oil Company (ADNOC) said it signed a 15-years gas sales agreement with the Dubai Supply Authority (DUSUP) for the supply of natural gas, to help meet Dubai’s energy needs.

07 Feb 2018

ADNOC to invest $3.1 bln in Ruwais to lift refining margins

Abu Dhabi National Oil Company (ADNOC) on Wednesday announced a $3.1 billion crude processing project as its Ruwais oil refinery to help boost refining margins.

07 Feb 2018

BP’s 2017 profit jumps on production surge, oil rise

BP’s annual profit more than doubled on back of higher oil prices and its strongest output growth in recent history.

07 Feb 2018

ADNOC signs 15-yr gas supply deal with Dubai

The Abu Dhabi National Oil Company (ADNOC) said it signed a 15-years gas sales agreement with the Dubai Supply Authority (DUSUP) for the supply of natural gas, to help meet Dubai’s energy needs.

06 Feb 2018

SDX Energy completes seventh Morocco well

SDX Energy Inc., the North Africa focused oil and gas company, said the ONZ-7 well on the Sebou permit in Morocco has been completed and tested.

06 Feb 2018

Deep Sea Mooring wins Quadrant contract

Deep Sea Mooring (DSM), a Vryhof company, said it won a Quadrant Energy contract to provide turnkey pre-lay mooring services to the Transocean GSF Development Driller 1 semisubmersible drilling rig offshore Australia.

06 Feb 2018

Iraqi forces prepare to secure oil route to Iran

Iraqi forces are preparing to launch military action to take control of Hamrin mountain range near the Iran border to secure the transit of Iraqi oil, Reuters reported, quoted officials.

06 Feb 2018

Petrofac awarded Tullow Oil’s well decommissioning project

Petrofac said it has been hired for well operator services on the next phase of Tullow Oil’s Thames decommissioning project, following the award of a new multi-million dollar contract.

06 Feb 2018

Craig International hires Middle East country manager

Oil and gas procurement specialist, Craig International, said it appointed Steve Gibson as country manager for the Middle East to support the company’s continued growth across the region.

06 Feb 2018

Deep Sea Mooring wins Quadrant contract

06 Feb 2018

Iran plans gas projects worth $3 bln

Iran plans to launch gas projects with a total investment worth US$3 billion as the country looks to ease a gas shortage, head of National Iranian Gas Company (NIGGC) said.

06 Feb 2018

AgileTek underlines strategic growth with new appointments

AgileTek, a subsea engineering analysis consultancy, said it has appointed two new members to its team, underlining rapid growth.

06 Feb 2018

Craig International hires Middle East country manager

Oil and gas procurement specialist, Craig International, said it appointed Steve Gibson as country manager for the Middle East to support the company’s continued growth across the region.

05 Feb 2018

More oil producers moving toward a risk-based approach for asset life extension

By Anne-Marie Walters, Bentley Systems While the low price of oil is providing relief to consumers at the gas pump, pressure is being put on offshore oil producers in this current economic environment to get more life out of the platforms they have rather than building new.

05 Feb 2018

WorleyParsons wins QGC contract

WorleyParsons said it was awarded a new engineering and project management agreement by Australia’s QGC Pty Limited (QGC) for three years with options for two additional one year terms.

05 Feb 2018

Total adds two offshore Guyana licences

French major Total said it has signed agreements to acquire interests in two exploration licenses offshore Guyana – the Canye Block and the Kanuku Block.

05 Feb 2018

Iran can boost output in days if OPEC cuts end – minister

Iran can boost oil production capacity by at least 100,000 barrels within days if OPEC agrees to halt is output cut campaign to support oil prices, Oil Minister Bijan Namdar Zanganeh said according to Reuters.

05 Feb 2018

Xodus hires general manager for new Egypt office

Xodus Group said it appointed its first general manager in Egypt as the company aims to build on its track record in the country and target upcoming new contracts.

05 Feb 2018

Total signs deal for two offshore Guyana exploration licenses

French major Total said it has signed agreements to acquire interests in two exploration licenses offshore Guyana – the Canye Block and the Kanuku Block.

05 Feb 2018

More oil producers moving toward a risk-based approach for asset life extension

05 Feb 2018

WorleyParsons wins QGC contract

WorleyParsons said it was awarded a new engineering and project management agreement by Australia’s QGC Pty Limited (QGC) for three years with options for two additional one year terms.

05 Feb 2018

Total adds two offshore Guyana licences

French major Total said it has signed agreements to acquire interests in two exploration licenses offshore Guyana – the Canye Block and the Kanuku Block.

05 Feb 2018

Xodus hires general manager for new Egypt office

Xodus Group said it appointed its first general manager in Egypt as the company aims to build on its track record in the country and target upcoming new contracts.

05 Feb 2018

Total signs deal for two offshore Guyana exploration licenses

French major Total said it has signed agreements to acquire interests in two exploration licenses offshore Guyana – the Canye Block and the Kanuku Block.

04 Feb 2018

Iraq’s Basra Oil plans to double Majnoon output

Iraq’s state-owned Basra Oil Co. is looking at proposals from service providers that would nearly double production from the country’s southern oilfield Majnoon in three years, Reuters reported.

04 Feb 2018

TechnipFMC acquires majority stake in Norwegian subsea unit

TechnipFMC said it signed an agreement with Norway’s Island Offshore group to acquire a majority stake in its subsea unit.

04 Feb 2018

Iraq’s Basra Oil plans to double Majnoon oilfield production

Iraq’s state-owned Basra Oil Co. is looking at proposals from service providers that would nearly double production from the country’s southern oilfield Majnoon in three years, Reuters reported.

04 Feb 2018

SDX Energy spuds 6th Morocco well

SDX Energy Inc., the North Africa focused oil and gas company, said it has spud its sixth of nine planned wells in Morocco with the KSS-2 development well on the Sebou permit.

04 Feb 2018

TechnipFMC buys stake in Norwegian subsea unit

TechnipFMC said it signed an agreement with Norway’s Island Offshore group to acquire a majority stake in its subsea unit.

04 Feb 2018

Chevron names Caterpillar CEO as board member

Chevron Corporation said Caterpillar CEO Jim Umpleby has been elected to Chevron’s board of directors.

04 Feb 2018

Statoil contracts drilling rig for Barents Sea exploration

Statoil and licence partners in Barents Sea have signed a contract with North Atlantic Norway for use of the West Hercules semi-submersible rig in drilling two exploration wells in the Barents Sea this year.

01 Feb 2018

ARO Drilling takes control of the Saudi offshore rig market

If you’re not ARO Drilling, you’re on the periphery of the Saudi jackup market. Rig owners can expect tough competition for fewer opportunities, but also an improving outlook for the rest of the Middle East

01 Feb 2018

New tank battery membrane technology

Garland Energy Systems, a division of Postle Industries, has introduced a durable new containment membrane specifically designed for tank battery installations.

01 Feb 2018

BP double success in the North Sea

UK supermajor BP announced two new exploration discoveries in the North Sea at Achmelvich and Capercaillie that is timely boost for the UK oil and gas industry.

01 Feb 2018

Canadian oil sands production growth to continue

Oil sands production growth will continue through the next decade but a slowdown is anticipated with investment expected to remain lower than historical levels, says a new major research initiative by IHS Markit.

01 Feb 2018

NDT Global appoints Haindl as interim CEO

NDT Global, an ultrasonic pipeline inspection and data analysis supplier, announced that it has appointed Andreas Haindl as the company’s interim CEO as the current CEO resigns to pursue other opportunities.

01 Feb 2018

BP double success in the North Sea

UK supermajor BP announced two new exploration discoveries in the North Sea at Achmelvich and Capercaillie that is timely boost for the UK oil and gas industry.

31 Jan 2018

AW Energy appoints Ridgewell as new WaveRoller CEO

AW Energy said its WaveRoller team will see a new CEO –the former CTO Christopher Ridgewell. Current CEO John Liljelund is moving on to join the AWE Board of Directors.

31 Jan 2018

Total makes big oil discovery in the Gulf of Mexico

French oil giant Total has made a major oil discovery in the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico (Eastern GoM).

31 Jan 2018

Transneft Diascan new generation multichannel geometry tool

Transneft Diascan has launched a pipeline inspection gadget (PIG), which belongs to a new generation of high resolution multichannel geometry tools, equipped with a navigation system.

31 Jan 2018

Premier Oil awarded offshore block in Indonesia

UK independent Premier Oil has been awarded the Andaman II exploration licence in Indonesia with its joint venture partners Mubadala Petroleum and Kris Energy.

31 Jan 2018

Siemens appoints Büker as Middle East CFO

Siemens said it has appointed Michael Büker (51) as chief financial officer (CFO) of the company’s Middle East region, effective February 1, 2018.

31 Jan 2018

Shell sells stake in Thailand’s Bongkot field to PTTEP

Shell has agreed to sell its 22.22 per cent interest in the Bongkot field and adjoining acreage offshore Thailand to PTT Exploration & Production Public Company Limited (PTTEP) for US$750 million.

31 Jan 2018

WEG expands European operations

WEG is making a significant investment in expanding its European operations and has recently commenced manufacturing at its second factory in Portugal.

31 Jan 2018

ADNOC explores tech, petchem partnerships with China

UAE’s ADNOC is in discussions with senior Chinese officials and executives from China to explore partnerships and co-investment opportunities in technology, energy and chemical sectors.

30 Jan 2018

BHGE announces new partnerships

Baker Hughes, a GE company announced a series of new gas technology contracts and digital partnerships at its Annual Meeting in Florence, Italy.

30 Jan 2018

Tendeka trials cloud connected wireless intelligent completion system

Tendeka has successfully completed field testing of its wireless intelligent completions technology, PulseEight.

30 Jan 2018

Rovco appoints new operations manager

Subsea services company, Rovco said it appointed Liam Warren as operations manager to support the delivery of complex ROV and survey projects across the globe.

30 Jan 2018

Suncor Energy produces first oil from Fort Hills

Canada's Suncor Energy has said its oil sands facility, Fort Hills, has produced its first oil after completing the startup of secondary extraction at the end of January.

30 Jan 2018

BHGE announces new partnerships

Baker Hughes, a GE company announced a series of new gas technology contracts and digital partnerships at its Annual Meeting in Florence, Italy.

30 Jan 2018

Emerson acquires GeoFields

Emerson has acquired GeoFields, a global supplier of software and implementation services for pipeline integrity data collection, management and risk analysis for the oil and gas industry.

30 Jan 2018

Lebanon signs E&P contracts for awarded offshore blocks

Lebanon signed exploration and production agreement (EPA) contracts with a consortium of companies made up of Total, Eni and Novatek for two offshore blocks.

29 Jan 2018

Iraq to build refinery with Chinese companies

Iraq’s oil ministry said it will build an oil refinery in the port town Faw, south of Basra with two Chinese firms.

29 Jan 2018

Byron Energy hits oil in third Gulf of Mexico well

U.S. oil company Byron Energy said it drilled its third successful well in the Gulf of Mexico with the finding of hydrocarbons at the F3 well on the South Marsh Island Block 71 (SM 71).

29 Jan 2018

Mitsui trumps rival bidders to buyout Australia’s AWE

Japan’s Mitsui made a proposal to buyout Australian gas producer AWE for US$481, coming in ahead of two other bidders looking for a stake in an offshore gas field.

29 Jan 2018

EM&I appoints Lawless as new CEO

EM&I, an asset integrity services provider, said it appointed Pat Lawless as CEO of the group. Pat Lawless was previously the company’s COO and has been with EM&I for five years. He replaces Danny Constantinis who heads up the board as executive chairman.

29 Jan 2018

Iraq to build refinery with Chinese companies

Iraq’s oil ministry said it will build an oil refinery in the port town Faw, south of Basra with two Chinese firms.

29 Jan 2018

EM&I appoints Lawless as new CEO

28 Jan 2018

SABIC buys 25 pct stake in Swiss chem co Clariant

Saudi Arabia’s chemicals giant, SABIC bought a 25 per cent stake in Clariant, making it the largest shareholder in the Swiss specialty chemicals company.

28 Jan 2018

TAQA to transform Eider platform to extend life of North Sea field

Abu Dhabi National Energy (TAQA) said it is transforming its North Sea Eider platform and ensuring continued production from the Otter Field as part of its strategy to extend the life of the northern North Sea oil and gas fields.

28 Jan 2018

SABIC buys 25 pct stake in Swiss chem co Clairiant

Saudi Arabia’s chemicals giant, SABIC bought a 25 per cent stake in Clairiant, making it the largest shareholder in the Swiss specialty chemicals company.

28 Jan 2018

Melbana Energy spuds well in New Zealand

Melbana Energy has announced that it spudded Pukatea-1 exploration well onshore New Zealand.

28 Jan 2018

Rockwell Automation introduces scalable computing for industrial IoT

New scalable compute offerings from Rockwell Automation give decision makers access to real-time data to solve analytical challenges and adapt to changes at every level of an organisation. This helps improve productivity and efficiency in a Connected Enterprise.

25 Jan 2018

Confidence returns to MENA energy – DNV GL

Senior oil and gas professionals in MENA expect a positive step change in the industry’s capex, opex, headcount and R&D spending levels in 2018, according to a new DNV GL research report.

25 Jan 2018

Confidence returns to MENA energy outlook – DNV GL

Senior oil and gas professionals in MENA expect a positive step change in the industry’s capex, opex, headcount and R&D spending levels in 2018, according to a new DNV GL research report.

25 Jan 2018

Samsung Engineering awarded petrochemical contract in Thailand

Samsung Engineering Co. has been awarded a US$790 million contract for Thailand's PTT Global Chemical Public Co. (PTTGC) petrochemical plant.

25 Jan 2018

Visuray downhole X-ray technology gets industry backing

ConocoPhillips and Statoil Petroleum AS have signed a joint sponsorship development agreement with Visuray Technology Limited, to fund the development of novel downhole technology that can evaluate the integrity of cement behind multiple casing strings in oil and gas wells.

25 Jan 2018

DTN launches new iteration of its terminal management system

DTN has launched its newest enhancements to its Terminal Inventory Management System, DTN TIMS. The latest version further improves operational forecasting by introducing pipeline schedule data to increase insights, enable data-driven decision making and provide greater control of fuel inventory.

25 Jan 2018

Samsung Engineering awarded petrochemical contract in Thailand

Samsung Engineering Co. has been awarded a US$790 million contract for Thailand's PTT Global Chemical Public Co. (PTTGC) petrochemical plant.

25 Jan 2018

Visuray downhole X-ray technology gets industry backing

24 Jan 2018

NPCC wins $327 mln EPC contract from ONGC

National Petroleum Construction Company (NPCC), part of Senaat Abu Dhabi, said it won an EPC contract worth US$327 million from ONGC for 5 well platforms and pipeline for Ratna field west coast of India.

24 Jan 2018

Petrofac awarded new service contract for Chevron UK

Petrofac’s Engineering and Production Services (EPS) division has been awarded a new Offshore Manning Services contract by Chevron for its five UK North Sea assets.

24 Jan 2018

New scalable graphic terminals help increase productivity

Machine and equipment builders are already using tight integration between the HMI and controller to help increase productivity in large applications. With thenew Allen-Bradley PanelView 5310 family of graphic terminals, they can now bring these integration benefits to smaller

24 Jan 2018

McDermott awarded 13 jacket Saudi Aramco EPCI contract

McDermott International said it was awarded a large contract by Saudi Aramco for the engineering, procurement, construction and installation of 13 jackets in the Zuluf, Marjan, Berri and Abu Safah fields, offshore Saudi Arabia.

24 Jan 2018

Total buys Samson assets to strengthen Gulf of Mexico presence

French oil giant Total has signed an agreement to acquire Samson Offshore Anchor, which holds part interest in four blocks covering the Anchor discovery in the US Gulf of Mexico (GoM).

24 Jan 2018

Genel Energy gets extension on KRG gas project

UK’s Genel Energy obtained a 12-month extension from Kurdistan Regional Government (KRG) to execute projects within its gas agreement for Bina Bawi and Miran fields.

24 Jan 2018

McDermott awarded 13 jacket Saudi Aramco EPCI contract

23 Jan 2018

Aqualis Offshore signs frame agreement with Aker BP

Marine and offshore engineering consultancy Aqualis Offshore has signed a five year frame agreement to provide marine services to Aker BP.

23 Jan 2018

Aker Solutions awarded subsea contracts from Statoil

Aker Solutions was won subsea contracts from Statoil to provide subsea production systems and services for the Troll Phase 3 and Askeladd natural-gas developments offshore Norway.

23 Jan 2018

SDX Energy discovers gas at Morocco well

SDX Energy, the North Africa focused oil and gas company, said it made a gas discovery at its ONZ-7 development well on the Sebou permit in Morocco.

23 Jan 2018

Aqualis Offshore signs frame agreement with Aker BP

Marine and offshore engineering consultancy Aqualis Offshore has signed a five year frame agreement to provide marine services to Aker BP.

23 Jan 2018

TGT makes Middle East well diagnostics breakthrough

TGT Oilfield Services has announced the successful validation of its electromagnetic EmPulse well inspection system in high chromium tubulars.

23 Jan 2018

ADNOC agrees Naphtha deal with Lotte Chemical Titan

The Abu Dhabi National Oil Company (ADNOC) signed an agreement with Lotte Chemical Titan (LCT), one of the largest polyolefin producers in South East Asia, for the sale of up to one million tonnes per year of naphtha to the Malaysian petrochemicals’ company, over the next three years.

22 Jan 2018

India’s ONGC buys majority stake in HPCL

India's biggest explorer Oil and Natural Gas Corporation Ltd. (ONGC) has agreed to buy the government’s majority stake in state-refiner Hindustan Petroleum Corp (HPCL) for 369 billion rupees ($5.78 billion).

22 Jan 2018

NICO enters into partnership with Turkey’s Dragon Marine

NICO International, a UAE-based marine and industrial engineering company said it entered into a Territorial Partnership Agreement with Dragon Marine Service Company.

22 Jan 2018

Genel Iraqi Kurdistan reserves upgraded

Genel Energy confirmed an approximately 40 per cent upgrade to the combined contingent (2C) gross raw gas reserves estimate for the Bina Bawi and Miran West fields in Iraqi Kurdistan.

22 Jan 2018

Schlumberger exits marine and land seismic acquisition sector

Schlumberger has announced during its latest earning results that it will exit the marine and land seismic acquisition business which has faced hard times during the oil downturn.

22 Jan 2018

India’s ONGC buys majority stake in HPCL

22 Jan 2018

NICO enters into partnership with Turkey’s Dragon Marine

NICO International, a UAE-based marine and industrial engineering company said it entered into a Territorial Partnership Agreement with Dragon Marine Service Company.

22 Jan 2018

Genel Iraqi Kurdistan reserves upgraded

Genel Energy confirmed an approximately 40 per cent upgrade to the combined contingent (2C) gross raw gas reserves estimate for the Bina Bawi and Miran West fields in Iraqi Kurdistan.

21 Jan 2018

Digitalisation to make oil and gas exploration cheaper

Khalid Bin Hadi, senior executive vice president and head of Oil, Gas & Petrochemical, at Siemens Middle East speaks about the impact of digitalisation on the oil and gas industry

21 Jan 2018

OPEC compliance surges in Dec, forecasts higher U.S. shale drilling

OPEC members’ December output shows stronger compliance to the production cut deal but the organisation raised its supply forecast from non-members as higher oil price attract U.S. shale drillers.

21 Jan 2018

Turkey approves Gazprom’s second line of Turkstream

Gazprom said it received approval from Turkish authorities for the construction of the second line of Turkstream gas pipeline through Turkish waters.

21 Jan 2018

Saudi Aramco signs partnership deal with CB&I and Chevron

Saudi Aramco said it signed a partnership with the U.S. engineering company CB&I and oil major Chevron Corp. to enhance and commercialise technology expected to boost the Saudi Arabia’s chemical output.

21 Jan 2018

CGG launches Smart Data Solutions

CGG has repositioned its Data Management Services business as Smart Data Solutions after extending its E&P data optimisation portfolio to deliver global digitalisation solutions.

21 Jan 2018

Speedcast gets global communications contract from Noble Drilling

Speedcast International has been selected by Noble Corporation (Noble) to provide new IT communications equipment and fully managed connectivity services to their global drilling fleet.

18 Jan 2018

Husky Energy to suspend SeaRose operations after iceberg close call

Canada’s Husky Energy said it will move to suspend operations at its SeaRose floating production, storage and offloading vessel on orders from the Newfoundland and Labrador regulator after a close call with an iceberg in March last year.

17 Jan 2018

ADNOC plans to enhance CO2 capture for EOR

The Abu Dhabi National Oil Company (ADNOC) is planning to significantly expand its use of carbon capture and storage technology to meet a dramatic increase in demand for CO2 for enhanced oil recovery in the next decade.

17 Jan 2018

Wentworth appoints new CEO

Wentworth, East Africa-focused oil and gas company, said Eskil Jersing has agreed to join Wentworth as chief executive officer.

17 Jan 2018

Cheniere signs 15-yr LNG supply deal with Trafigura

Cheniere Energy said it signed a 15-year LNG supply agreement of about 1 million tonnes annually with commodities trader Trafigura.

17 Jan 2018

Algeria agrees to swap-deal with Vitol to refine its crude

Algeria’s state-run oil firm Sonatrach signed a swap agreement with oil-trading Vitol Group to exchange crude for refined products that will cut back the country’s large fuel bill.

17 Jan 2018

KBR Azerbaijan JV wins engineering contracts for Azeri platform

KBR said its joint venture with SOCAR was awarded two separate engineering contracts by Azerbaijan International Oil Company for a new production and drilling platform in the Azeri-Chirag-Gunashli (ACG) field.

17 Jan 2018

Statoil awarded 31 exploration licenses on Norwegian shelf

Statoil was awarded interests in 31 exploration licences on the Norwegian continental shelf (NCS), 17 of these as operator, and 14 as a partner, Norway’s exploration and production company said.

16 Jan 2018

Shell agrees to sell Iraqi oilfield stake to Itochu

Royal Dutch Shell has agreed to sell its stake in Iraq’s West Qurna 1 oilfield to Japan’s Itochu, a Shell spokesman was reported to have said.

16 Jan 2018

Sadara and Saudi-German JV sign supply agreement

Sadara Chemical Company said it signed an agreement to supply SADIG-ILCO, a new Saudi-German chemicals manufacturing joint venture with ethylene oxide and propylene oxide.

16 Jan 2018

Shell gives go ahead for North Sea Penguins development

Shell announced plans for the redevelopment of the Penguins oil and gas field, marking its biggest commitment to the UK North Sea in almost three decades.

15 Jan 2018

Total completes Brazilian field acquisitions

Total said it has completed the transfer of rights in Brazil’s Lapa and Lara concessions from Petrobas for almost US$2 billion.

15 Jan 2018

Total completes Brazilian field acquisitions

Total said it has completed the transfer of rights in Brazil’s Lapa and Lara concessions from Petrobas for almost US$2 billion.

14 Jan 2018

Global economic growth will need a diversified energy mix

Forecast growth in the global economy, especially in non-OECD countries, will push up energy demand to levels that no single source of energy can meet, according to Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO.

14 Jan 2018

Vallourec brings customised technical solutions to the Middle East

Philippe Crouzet, chairman of the management board at Valloureec, speaks to Pipeline Magazine about the company’s new direction in the Middle East

14 Jan 2018

KCA Deutag appoints SVP for rigs unit

KCA Deutag said Albert Allan has joined the group as the new senior vice president of RDS, its rig design and engineering subsidiary.

14 Jan 2018

Jumbo hooks up FLNG at Cameroon’s Kribi

Jumbo Offshore, the Dutch heavy lift contractor said it has successfully hooked up Golar LNG’s Hilli Episeyo floating LNG vessel to the subsea anchor system, umbilical and gas riser in Kribi field, offshore Cameroon.

14 Jan 2018

Jacobs wins EPC contract for Khazzan gas project phase 2

Jacobs Engineering Group said it was awarded the engineering, procurement and construction management (EPCM) contract by BP for the Phase 2 of the Khazzan Project in Oman.

14 Jan 2018

Vallourec brings customised technical solutions to the Middle East

Philippe Crouzet, chairman of the management board at Valloureec, speaks to Pipeline Magazine about the company’s new direction in the Middle East

14 Jan 2018

Beach Energy discovers gas in southern Australia

Australia’s exploration and production company Beach Energy said it discovered a new gas field within the Otway basin in southern Australia.

11 Jan 2018

Oil market to re-balance in 2018 – UAE energy minister

The oil market balance is likely to be achieved in 2018 but further improvement is needed as 100 million barrels of oversupply still exist, UAE energy minister said on Thursday

11 Jan 2018

Oil market to re-balance in 2018, improvement needed – UAE energy minister

The oil market balance is likely to be achieved in 2018 but further improvement is needed as 100 million barrels of oversupply still exist, UAE energy minister said on Thursday

11 Jan 2018

Bonatti wins Kazakhstan pipeline contract by Tengizchevroil

Bonatti said it was awarded a pipeline contract in western Kazakhstan for a project that will transport fluids from Tengiz and Korolev oil fields to a processing facility.

11 Jan 2018

Oil market to balance in 2018 but surplus remains – UAE energy minister

The oil market balance is likely to be achieved in 2018 but further improvement is needed as 100 million barrels of oversupply still exist, UAE energy minister said on Thursday

10 Jan 2018

OMV Petrom hires Verchere as new CEO

OMV Petrom S.A. said it appointed Christina Verchere as the new president of the executive board and chief executive officer (CEO) of OMV Petrom, with effect from May 2018.

10 Jan 2018

Tullow signs new licences in Peru, Côte d’Ivoire

UK’s Tullow Oil said it had added six new licences off Peru and two licences in Côte d’Ivoire ahead of its financial results which will deliver a ‘strong operational and financial performance.’

10 Jan 2018

SDX starts new Morocco well production

SDX Energy, the North Africa focused oil and gas company, said it has started production from the KSR-16 well on the onshore Sebou permit in Morocco with estimate-beating flow rates.

09 Jan 2018

ArcLight acquires BP Perdido stake in GoM

Private equity player ArcLight Capital Partners has bought a 26.5 per cent stake in the deepwater Perdido Platform in the Gulf of Mexico (GoM) from BP.

09 Jan 2018

Algeria and Iraq sign JV for gas processing

09 Jan 2018

New service approach from Ardyne

Ardyne has said that with the help of its Casing Recovery Toolbox it has saved more than a day of rig time on a planned three-and-a-half day operation and improved efficiencies by thirty-five per cent for UK-based operator Fairfield.

09 Jan 2018

ADNOC awards FEED contracts for sour gas project

Abu Dhabi National Oil Company (ADNOC) said it awarded engineering contracts for its offshore sour gas project Bechtel and TechnipFMC valued at hundreds of millions of dirhams.

09 Jan 2018

Kuwait Petroleum International appoints new CEO

Kuwait Petroleum Corporation appointed Nabeel Bourisli as the new CEO of its subsidiary Kuwait Petroleum International (KPI).

09 Jan 2018

US energy firm Orion agrees to invest in Iraq gas field

US energy firm Orion signed a preliminary agreement with Iraq’s oil ministry to invest in gas production at the Nahr Bin Omar field in Basra.

09 Jan 2018

Four Japanese firms join Modec in Sepia FPSO deal

MODEC has agreed with four Japanese companies, Mitsui, MOL, Marubeni and MES to jointly develop an ultra-deepwater FPSO for Petrobras in Santos basin off Brazil

09 Jan 2018

Petrofac wins rotating equipment contract from Chrysaor

Petrofac has been awarded a Rotating Equipment Management Services contract by Chrysaor to support of its operations in the UK.

08 Jan 2018

Keppel delivers first of five rigs to Borr Drilling

Offshore and Marine unit of Keppel Corporation has delivered a jackup rig to Borr Drilling, on time and within budget.

08 Jan 2018

Algeria in discussions for Iraqi oil and gas investment

Algeria is in discussions with Iraq for partnership in oil and gas investment, the Iraqi oil ministry said after oil ministers of the two countries held bilateral trade talks.

08 Jan 2018

Libya’s NOC wins Ras Lanuf Refinery arbitration

Libya’s state oil company NOC said it has won two arbitration cases brought against it at a Paris court related to the Ras Lanuf Refinery and called for the refinery operator to restart it as soon as possible.

08 Jan 2018

Subsea North East appoints chairman

Subsea North East, the regional advocacy group for the North-east of England’s subsea sector, said it has appointed Bruce Heppenstall as its new chairman.

08 Jan 2018

KrisEnergy appoints non-exec director

Upstream oil and gas firm KrisEnergy has appointed Chris Ong Leng Yeow, CEO of Keppel Offshore & Marine Ltd, as a non-executive director, effective January 5.

08 Jan 2018

Libya’s NOC wins Ras Lanuf Refinery arbitration

07 Jan 2018

ExxonMobil strikes oil off Guyana again

U.S. oil major Exxon Mobil has come back with positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015.

07 Jan 2018

Saudi Aramco converted to joint-stock co ahead of IPO

Saudi Arabia announced the status change of its state oil giant Saudi Aramco which is now a joint-stock company, a necessary change ahead of the planned IPO later this year.

07 Jan 2018

McDermott appoints Prescott as VP, Asia

McDermott International, Inc. announced Ian Prescott as Vice President, Asia, effective January 8, succeeding Hugh Cuthbertson who announced plans to retire from the company. Prescott will also be a member of McDermott’s executive committee.

07 Jan 2018

Innovating technology, leading the way

Rebecca Liebert, CEO of Honeywell UOP, spoke exclusively about the importance of building innovative technology and why they had such a strong 2017 in the Middle East with a series of project wins.

07 Jan 2018

SUITS improves tank inspection technology

SUITS (Shipboard Unmanned Inspection of Tanks Solution), developed by Martek Marine, improves the safety of surveyors and crew members when inspecting tanks, eliminating the need to enter hazardous, confined spaces on board.

07 Jan 2018

OPEC cut compliance in Dec rises- Reuters’ survey

Compliance by OPEC members to an oil-supply deal rose in December due to an extended decline in output from Venezuela and further cuts by Gulf producers, according to a Reuters’ survey.

07 Jan 2018

Innovating technology, leading the way

Rebecca Liebert, CEO of Honeywell UOP, spoke exclusively about the importance of building innovative technology and why they had such a strong 2017 in the Middle East with a series of project wins.

04 Jan 2018

Borealis awards Jacobs FEED for chemical plant in Belgium

Jacobs Engineering Group has been awarded a contract to complete a front end engineering design (FEED) study for a propane dehydrogenation (PDH) plant located at the existing Borealis production site in Kallo, Belgium.

04 Jan 2018

Wood Mackenzie sees fierce competition for prime exploration targets

The exploration sector has emerged from the downturn confident that it has put its house in order, but Wood Mackenzie does not expect to see a surge in activity in 2018.

04 Jan 2018

Royal IHC acquires Oceanteam division

Dutch's Royal IHC has agreed to buy all of the outstanding share capital of Oceanteam's Dutch based engineering and consultancy company KCI the Engineers B.V.

04 Jan 2018

Wood Mackenzie sees fierce competition for prime exploration targets

The exploration sector has emerged from the downturn confident that it has put its house in order, but Wood Mackenzie does not expect to see a surge in activity in 2018.

04 Jan 2018

Weatherford sells fracturing business to Schlumberger

Weatherford International has ditched plans for a proposed joint venture with Schlumberger and instead sold its U.S. pressure pumping and pump-down perforating assets for US$430 million.

04 Jan 2018

Royal IHC acquires Oceanteam division

Dutch's Royal IHC has agreed to buy all of the outstanding share capital of Oceanteam's Dutch based engineering and consultancy company KCI the Engineers B.V.

03 Jan 2018

Glencore completes initial sale of oil storage business to China’s HNA

Swiss-based Glencore has completed the sale of a 51 per cent interest in its storage and logistics businesses, HG Storage International Limited (HGSI), to China's Innovation Finance Group Co., Limited (HNA).

03 Jan 2018

Maersk Drilling awarded contract by Tullow Ghana

Maersk Drilling has been awarded a four year contract for the deep-water drillship Maersk Venturer by Tullow Ghana to work on the Jubilee and TEN fields offshore Ghana

03 Jan 2018

Dynamic awarded hookup contract in GoM

Dynamic Construction Services, a field services division of Dynamic Industries, has been awarded the hookup contract for a major Tension Leg Platform (TLP) to be installed in the Gulf of Mexico for a major oil company in early 2018.

03 Jan 2018

Glencore completes initial sale of oil storage business to China’s HNA

03 Jan 2018

Dynamic awarded hookup contract in GoM

02 Jan 2018

Emerson completes Paradigm acquisition

Emerson has completed the purchase of Paradigm that expands Emerson’s industrial software capabilities for global upstream oil and gas industry.

31 Dec 2017

Shell signs a long-term LNG supply deal with KPC

Shell signed a 15-year LNG supply agreement with Kuwait Petroleum Corporation (KPC) through its Middle East subsidiary.

31 Dec 2017

Saudi Aramco launches shipyard with JV partners, CEO appointed

Saudi Aramco and its partners announced the launch of and appointed a Fathi K. Al-Saleem as CEO of a joint venture shipyard International Maritime Industries (IMI).

31 Dec 2017

Samsung Engineering wins $700 mln contract for Saudi petchem plant

Korea’s Samsung Engineering said it won a US$700 million contract from SABIC’s manufacturing unit Jubail United Petrochemical Company for a petrochemical plant in east Saudi Arabia.

31 Dec 2017

Repsol begins gas production from Peru's Sagari field

Repsol said it has begun gas production from the Sagari field, in Peru’s Cusco region, reinforcing the company´s gas output drive in its reserves development strategy.

28 Dec 2017

Eni begins drilling in Beaufort Sea off Alaska

Italian oil major Eni drilled a new oil well in Alaska’s Beaufort Sea earlier this week, the first since 2015, from a man-made island.

28 Dec 2017

ADNOC signs with Morocco’s OCP for sulphur supply

The Abu Dhabi National Oil Company (ADNOC) said it signed a long-term sales agreement with Morocco’s fertiliser group OCP for the supply of sulphur.

27 Dec 2017

Tubacex launches expanded range at ADIPEC

Within its strategy to become a global supplier of tubular solutions, Tubacex has reinforced its product portfolio for the oil and gas sector - the complete range of stainless steel seamless pipes from outside diameter 3mm to 72” -and presented it all under one umbrella at ADIPEC.

27 Dec 2017

Endress+Hauser accompanies customers on the path to digitalisation

An overwhelming response at the Endress+Hauser stand during ADIPEC’17 for the interactive sessions/ presentations on various IoT & Innovation topics reinforced the fact that the Industrial Internet of Things (IIoT) has ushered in huge potential: predictive maintenance, asset information management and device configuration are just some examples of the opportunities digitalisation has in store for companies.

27 Dec 2017

Stork receives encouraging response at ADIPEC

For Stork, ADIPEC has been a recurring event in terms of exhibitions, providing the perfect platform to launch and introduce new products and services to the market.

27 Dec 2017

Bilfinger reaps rewards from technology launch at ADIPEC

Bilfinger, a global engineering and industrial services provider, showcased its range of solutions at ADIPEC 2017 and launched its new pipe repair technology. Ali Vezvaei, Executive President and CEO for Middle East at Bilfinger speaks to Pipeline Magazine about the company’s ADIPEC experience.

27 Dec 2017

Premier produces first oil off UK's Catcher field

First oil was produced from the Premier Oil-operated Catcher field, offshore UK on Dec. 23 with initial stable production expected at around 10,000 barrels per day.

27 Dec 2017

Ampelmann brings marine crew change solutions to ADIPEC

Ampelmann has supported the offshore crew change market with more than 180,000 offshore workers transferred safely to date – 100,000 this year alone through its innovative offshore marine crew change solutions

27 Dec 2017

Cimtas turns heads with integrated piping solutions at ADIPEC

Founded in 1973, Cimtas (Group), a fully-owned subsidiary of ENKA, has accumulated more than 40 years of toplevel experience. The company has seven fabrication and manufacturing shops, six in Turkey and one in China, with an annual fabrication and manufacturing capacity of 210,000 tons and 190,000 tons respectively.

27 Dec 2017

Iraq oil ministry signs deal to develop oil field, announces new pipeline

Iraq’s ministry of oil signed an agreement with Chinese company Genghua to develop an oil field east of Baghdad.

24 Dec 2017

Trent success first for region and TS&S boost

General Manager Ali Alhosani speaks about the Turbine Services & Solutions (TS&S) recent operational success and looking at turbine repair opportunities ahead

24 Dec 2017

McDermott wins North Sea Tyra contract from Maersk Oil

McDermott International, Inc. said it won a substantial contract valued between US$500 million and $750 million from Maersk Oil for engineering, procurement, construction and commissioning (EPCC) services for the Tyra Redevelopment project, located offshore in the Danish sector of the North Sea.

20 May 2021

Total signs a renewable power purchase deal with Merck in Spain

Read more

20 May 2021

Siemens Energy and partners inaugurate green hydrogen project in Dubai

Read more

20 May 2021

DNV joins UK Hydrogen Taskforce

Read more

19 May 2021

Lightsource bp on track to develop 600MW solar hub in Australia

Read more

19 May 2021

Shell to join the UK Pavilion at Expo 2020 Dubai

Read more

18 May 2021

Australian oil and gas industry well placed for a net zero future

Read more

18 May 2021

Schlumberger appoints chief strategy and sustainability officer

Read more

18 May 2021

Equinor and Sonatrach sign MoU

Read more

18 May 2021

Woodside to exit Canada’s Kitimat LNG

Read more

18 May 2021

World Utilities Congress to launch in Abu Dhabi

Read more

18 May 2021

Schlumberger and NOV announce collaboration on automated drilling solutions

Read more

18 May 2021

ADNOC invests $318 mln in smart wells at Bu Hasa

Read more

10 May 2021

ADNOC Distribution continues delivery of smart growth strategy with Q1 results

Read more

06 May 2021

TAQA Group reports net income of AED 1.4 Billion for Q1 2021

Read more

05 May 2021

Cheniere and Shell collaborate to deliver carbon-neutral US LNG to Europe

Read more

05 May 2021

Breakthrough for Equinor in Polish offshore wind

Read more

05 May 2021

SDX starts drilling campaign in Morocco

Read more

05 May 2021

Can carbon capture help Big Oil reach its net zero targets?

Read more

05 May 2021

Clean energy demand for critical minerals set to soar, says IEA

Read more

05 May 2021

Total to remobilise the Papua LNG project

Read more

27 Aug 2020

McDermott awarded offshore contract in Vietnam

Read more

27 Aug 2020

Falck Renewables and Eni buy stakes in wind and solar projects in U.S.

Read more

27 Aug 2020

Fugro wins ROV contracts with Petrobras in Brazil

Read more

27 Aug 2020

Emarat signs LPG supplier deal in Dubai

Read more

26 Aug 2020

Gazprom looks at feasibility of gas pipeline in Mongolia

Read more

26 Aug 2020

Rockwell Automation partners with INTECH Process Automation in UAE

Read more

26 Aug 2020

Global E&C moves facility and expands capability

Schlumberger and NOV announce collaboration on automated drilling solutions 