Middle East
News
January 24, 2023
Saudi Arabia and its partners will hold a review of output levels on Feb. 1, after agreeing on significant cutbacks late last year to keep world crude markets in balance.
News
January 20, 2023
The produced gas will supply the Omani gas network, feeding both local industry and LNG export facilities.
News
January 19, 2023
The project, which is expected to begin injecting CO2 in Q2 2023, marks another important step in ADNOC’s commitment to decarbonize its operations, reduce its carbon intensity by 25% by 2030 and deliver on its net zero by 2050 ambition.
News
January 17, 2023
Masdar has signed joint development agreements with the State Oil Company of the Republic of Azerbaijan for onshore wind and solar projects, and integrated offshore wind and green hydrogen projects, with a total combined capacity of 4 gigawatts.
News
January 17, 2023
The project, due to commence in January 2023, will use 44.01’s Earthshot prize-winning Carbon Capture and Mineralization technology to eliminate CO2 from the atmosphere. It will be the first CCM project by an energy company in the Middle East.
News
January 16, 2023
The Nargis-1 well has encountered approximately 200 net ft. of Miocene and Oligocene gas-bearing sandstones and was drilled in 1,014 ft. of water by the Stena Forth drillship. The discovery can be developed leveraging the proximity to Eni’s existing facilities.
News
January 13, 2023
The parties will join their efforts to develop a green hydrogen supply chain, focusing on production in Abu Dhabi and export to the Netherlands through the port of Amsterdam.
News
January 12, 2023
Al Jaber’s appointment may be controversial for many in the climate world because he is the chief executive officer of Abu Dhabi National Oil Co. The company pumps almost all the crude in the UAE, which produces about 3.2 million bopd.
News
January 11, 2023
Flowserve is working with three engineering, procurement and construction companies. These companies will utilize a diverse portfolio of pumps, mechanical seals and sealing systems for different components of the Jafurah project.
News
January 10, 2023
Apex acquired all of IEOC’s interests in the Ras Qattara, West El Razzak and East Kanayis concessions. Apex will acquire the West Abu Gharadig concession following an extension and will become the operator of each through Farah Petroleum Company.
News
January 10, 2023
The flagship company combines ADNOC’s gas process and LNG business’ operations, maintenance and marketing into one global market-leading consolidated business.
News
January 06, 2023
Xinjiang Central Asia Petroleum and Gas Co. will invest as much as $150 million in the first year and $540 million over the subsequent three years to explore five oil and gas blocks. The militant group will earn 15% royalty fees from the 25-year contract.
News
January 05, 2023
The five-year framework agreement contract covers front-end engineering design, project management, and associated services for KOC’s major projects.
News
January 05, 2023
ADNOC will make the investments, according to the government. The state-owned company will look at international partnerships and carbon capture to expand a cleaner-energy unit established last year.
News
December 29, 2022
World Oil was on the front lines of every breaking news story in 2022. From positive production predictions and interventions from the White House to billion-dollar profit exploration setbacks, our readers had plenty to keep them on their toes. Read more of this year's top headlines here.
News
December 20, 2022
The Persian Gulf state will boost oil production to 1.175 million bpd. The ministry announced a preliminary budget for 2023 with an oil price of $55 per bbl.
News
December 19, 2022
In Oman, three rigs have been extended for a total of seven years of work. Additionally, KCA Deutag’s Kenera business unit will provide a grid container for rig T-899. Elsewhere, the T63 has mobilized to drill two wells, with two more optional wells, for a client in Kurdistan.
News
December 15, 2022
Commissioned by the Omani authorities, the SLB experts assessed surface, subsurface and well data from the national data repository over a three-month period. The next phase will include an assessment of the economic feasibility of the development of potential geothermal resources.
News
December 15, 2022
TAG Oil has chosen the BED 1-7 vertical well for its first re-completion and evaluation operations in BED-1. The data collected from BED 1-7 and incorporated into the modeling studies will help facilitate plans for drilling the first horizontal ARF well in BED-1.
News
December 12, 2022
Saudi Aramco is talking with potential backers for its $110 billion Jafurah gas development as the oil producer plans to exploit one of the world’s largest unconventional gas fields.
News
December 06, 2022
Saudi Arabia plans to allocate more than a third of its current oil output to chemical production by 2030 in a bid to squeeze more value from its bbl as the world shifts toward a low-carbon economy.
