Middle East
News
October 06, 2023
Saturday’s strike and Israel’s subsequent declaration of war risk unnerving markets when they reopen Monday, with investors eyeing the reaction of the oil price as a guidepost, although crude traders aren’t anticipating an outsized surge.
News
October 05, 2023
“The 2023 forecast has been further revised downward in the past 12 months following the oil-production cuts announced by OPEC+ in October 2022 and April 2023, and the additional cuts announced by Saudi Arabia in June 2023,” according to the report.
News
ADNOC awards $17 billion in contracts to develop offshore natural gas fields with zero CO2 emissions
October 05, 2023
The Hail and Ghasha development design combines innovative decarbonization technologies into one integrated solution. The project will capture 1.5 million tonnes per year (MMtpa) of CO2, taking ADNOC’s committed investment for carbon capture capacity to almost 4 MMtpa.
News
October 04, 2023
Located offshore Egypt’s northeastern Mediterranean coast, the East Port Said block lies in water depths up to 800 m and covers an area of approximately 2,600 km2.
News
October 04, 2023
The leaders of the OPEC+ coalition announced the plans in separate official statements on Wednesday. Riyadh has slashed crude oil production by 1 MMbpd, and Moscow is curbing exports by 300,000 bpd, on top of earlier cuts made with fellow OPEC+ nations.
News
October 04, 2023
The Ruwais LNG plant will be the first LNG project in the Middle East and North Africa region to run on clean power, making it one of the lowest carbon intensity LNG facilities in the world.
News
October 03, 2023
TWMA will deploy its award-winning RotoMill solution alongside its newly launched XLink cloud-based, real-time monitoring technology across four artificial island drilling units to promote efficiency whilst minimizing the project’s carbon footprint.
News
October 03, 2023
The agreement is the first project to reach the technical feasibility stage since the two companies signed a strategic collaboration agreement, in 2023, to explore carbon capture, utilization and storage (CCUS) projects in the UAE and the U.S.
News
October 02, 2023
The oil industry is part of the energy transition and its voice should be heard at COP28, executives including Halliburton Co. CEO Jeff Miller, Liam Mallon of ExxonMobil and Gordon Birrell of bp, said in a panel discussion.
News
October 01, 2023
ADNOC’s carbon management strategy aims to create a unique platform that connects all the sources of emissions and sequestration sites to accelerate the delivery of ADNOC and the UAE’s decarbonization goals.
News
September 28, 2023
TAG Oil Ltd. has commenced drilling the horizontal portion of the BED4-T100 ("T100") well in the Badr oil field ("BED-1") in the Western Desert of Egypt. TAG Oil successfully drilled the vertical pilot hole to a depth of 3,290 m.
News
September 18, 2023
As of Sep. 18, TotalEnergies has shipped nearly 50 tons of essential goods, comprising medical supplies, food parcels including baby food, personal hygiene kits and solar lamps.
News
September 15, 2023
Libya had shut export ports in the east during the storm last weekend and had reopened them by Tuesday. NOC said then that oil production was running at 1.2 MMbpd.
News
September 14, 2023
This announcement comes as part of the increasing international recognition of Qatar’s role in meeting the world's growing need for energy, particularly natural gas.
News
September 06, 2023
Using best-in-class technology, the project will triple ADNOC’s carbon capture capacity to 2.3 MMtpa, equivalent to removing over 500,000 gasoline-powered cars from the road per year.
News
September 05, 2023
The leader of OPEC will continue its production cutback of 1 MMbpd until December, according to a statement published by the state Saudi Press Agency on Tuesday. Russia’s export reduction of 300,000 bpd will be extended for the same duration, Deputy Prime Minister Alexander Novak said in a separate statement.
News
August 30, 2023
The Saudis introduced the additional production curb in July — on top of cutbacks it’s already made with partners in the OPEC alliance — and has been reviewing its extension on a monthly basis.
News
August 23, 2023
The operation is being carried out with the ADM-8 rig, operated by ADES, and has a final target depth of around 3,600 m.
News
August 22, 2023
The Islamic republic expects to boost production to 3.4 MMbpd by the end of summer, according to Oil Minister Javad Owji. That would put output near Iran’s capacity limit of 3.8 MMbpd.
News
August 22, 2023
The new Nubia discovery confirms the exploration potential in the northern area of the concession. The discovery also demonstrates that, whilst the Gulf of Suez is a relatively mature hydrocarbon province, it still has significant remaining exploration potential.
News
August 21, 2023
TankerTrackers.com Inc., which provides data on oil cargo shipments to governments, insurers and other institutions, estimates that the Persian Gulf state exported 2.2 MMbpd of crude and condensates during the first 20 days of August.
