Middle East
News
June 05, 2023
Global oil demand is forecast to hit a record high this year, but the additional cuts announced on Sunday will bring Saudi production to about 9 MMbpd in July, the lowest since June 2021 when output was still recovering from the depths of the Covid-19 pandemic.
News
May 31, 2023
The agreements have enabled $774 million to flow back into the UAE economy through industrial investments by suppliers in expanding or establishing new facilities.
News
May 22, 2023
The oil produced during the testing phase is heavy oil of 11-13 degrees API, with viscosity higher than pre-testing estimates.
News
May 18, 2023
With the aim of being fully functional by year end, the new technology hub will be home to TGT’s scientific and engineering resources, research and development, information technology, software and AI development, manufacturing, maintenance, quality assurance, and headquarter functions.
News
May 16, 2023
Order books for the IPO, which could raise as much as $607 million at the top end, were covered throughout the range and indicated demand exceeded deal size, according to a message to investors seen by Bloomberg News.
News
May 09, 2023
Data collected from the well along with geomechanical and 3D seismic review has enhanced TAG’s horizontal well design. Plans are underway to secure a drilling rig to drill the first horizontal well designed with a multi-stage fracture stimulation.
News
May 03, 2023
The contract scope is for a two-well tie-back in the West Nile Delta block and includes the engineering, procurement, transport and installation of approximately six kilometers of flexible pipes, umbilical, and associated subsea structures in water depths of around 800 meters.
News
May 02, 2023
The Offshore Technology Conference, taking place in Houston, Texas, sees oil and gas companies answering one very important question: what are they doing to advance the global energy transition? In a session titled “Accelerating the energy transition in Saudi Arabia: Oil and gas sector decarbonization and the path to hydrogen,” industry leaders gathered to discuss emerging technologies and exciting opportunities that will help Saudi Arabia and other countries meet net-zero by 2050.
News
May 02, 2023
The Chinese and French energy giants are in separate discussions with Saudi Aramco about the plans that may include the construction of facilities to export the fuel as liquefied natural gas (LNG), some of the people said, asking not to be identified because the matter is private.
News
April 17, 2023
Sparrows will be responsible for servicing a range of critical drilling equipment, including mud pumps, iron roughnecks, catwalks and top drives, to ensure the rigs are safe to return to the field.
News
April 13, 2023
ADNOC Drilling will provide IDS for the development of the Upper Zakum field, the largest producing field in ADNOC’s offshore portfolio.
News
April 07, 2023
The purpose of this agreement is to provide technical advisory support to establish EGPC’s strategy and execute its plan to align with Egypt Vision 2030, covering all dimensions of the country’s SDGs.
News
April 05, 2023
Signed in September 2021, the GGIP is a key strategic project that involves investing approximately $10 billion to design and construct facilities for recovering significant volumes of otherwise flared gas throughout the Basra region and supplying such recovered gas to power stations.
News
March 31, 2023
Gulf Keystone Petroleum Ltd. will become the latest oil producer in Iraqi Kurdistan to cut production, as a legal spat between the region’s government and Baghdad that’s pushed up crude prices drags on.
News
March 30, 2023
During the meeting, ADNOC presented its strategic vision for sustainable, reliable energy production and its commitment to an inclusive energy transition.
News
March 27, 2023
To date, the southern area of the field has been appraised and developed using extended reach drilling techniques, which has enabled the completion of 3 production wells from the existing Geisum field GD platform, with a further well currently being drilled from the platform.
News
March 27, 2023
The ministry “will discuss mechanisms for exporting Iraqi oil through [Turkey’s] Ceyhan port with the concerned authorities in the Kurdistan region” as well as with Turkey, in a manner that guarantees exports will be sustained and international commitments met.
News
March 23, 2023
The proposed collaboration aims to contribute to the digital transformation of the oil and gas sector in Saudi Arabia by leveraging advanced 4G and 5G technologies capable of providing secure, fast and reliable communications to satisfy business critical requirements of industries.
News
March 23, 2023
DNO reported that cumulative oil production from its Peshkabir field in the Kurdistan region of Iraq has broken through the 100 MMbbl milestone less than six years after startup. The field was initially estimated to contain proven and probable reserves of 75 MMbbl commingled with associated gas.
News
March 20, 2023
Abdul Ghani said his country, OPEC’s second largest producer, plans to boost crude oil production to between 5-6 MMbpd or more, while adhering to OPEC’s limits, without further explanation about the timings to do so.
News
March 17, 2023
Biweekly, a new well will be added to the test until all new wells are connected to the testing system. Each well will be completed with PCP pumps before being placed on the test.
