North America’s transition has been driven by blue hydrogen
Hydrogen markets are taking off around the world, and GlobalData expects low-carbon hydrogen production in North America to nearly triple by 2030, reaching 1.4 million tons per annum (mtpa). GlobalData notes that North America’s transition has been driven by blue hydrogen, which is expected to make up 85% of low-carbon hydrogen capacity by 2030. According […]
The Oil & Gas Future Forum will return this year on 27 October! The forum is virtual and free to attend, and will comprise three panels starting at 2PM GST–join us to hear from industry experts and to ask them your questions directly! In our first discussion of the day, we will explore the potential […]
Pakistan Petroleum Limited led consortium awarded concession for Offshore Block 5 and will invest $304.7 million (AED1.12 billion) during the exploration phase
The Abu Dhabi National Oil Company (ADNOC) announced today, the signing of a historic exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 5 to a consortium of four Pakistani companies – Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), Oil and Gas Development Company Limited (OGDCL), and Government Holdings (Private) […]
OPEC+ is likely to maintain its strategy of adding 400k b/d per month until at least the end of 2021 when it meets later this week. Oil prices have recovered from a recent dip to less than USD 65/b in Brent futures to more than USD 73/b by the end of August even as economic […]
The well intervention scope of the P&A project, utilized Expro’s integrated Open Water Intervention Riser System for successful intervention and barrier placement on 15 wells
Expro, a leading international oilfield services company, today announced it has successfully completed an integrated Plug and Abandonment (P&A) contract valued at more than $20 million for a subsidiary of PETRONAS, PC Mauritania 1 Pty Ltd (PCMPL), which manages offshore operations in Mauritania, West Africa. The well intervention scope of the P&A project, utilized Expro’s […]
A connected floating production vessel can offer unique benefits at various stages of the production lifecycle
It’s been more than 40 years since the first ever oil floating production storage and offloading (FPSO) vessel was deployed in the Spanish Mediterranean. Since then, this method of oil and gas production has flourished; there are currently more than 270 vessels in operation worldwide, and that number is projected to expand by as much as 17% by […]
Oil exports in Q2 2021 rose by $25.7 billion compared to the same period in 2020
Saudi Arabia’s value of exports amounted to $63.6 billion in Q2 2021, up from $31.9 billion for the same period the previous year, according to the Saudi Press Agency. The increase was attributed mainly to oil exports, which increased 126.1% year-on-year. It also accounted for a higher proportion of total exports; in Q2 2020, oil […]
The key to the success of economic recovery plans is to integrate socio-economic factors such as job creation with climate change issues
Having access to clean, reliable, and affordable energy sources is essential to improving the welfare of societies. However, a significant portion of the global population doesn’t have access to electricity and clean cooking methods, and the pandemic has exascerbated the situation. Moreover, energy project delays and investment contraction during the pandemic add further risks to […]
UAE ranked 30th globally in UNIDO index, climbing five places since 2020 and nine places in four years, helping attract interest of international investors
The UAE has the most competitive industrial sector in the Arab world, according to the latest UN global rankings. The country has reached 30th in the world in the 2021 United Nation’s Industrial Organization’s (UNIDO) Competitive Industrial Performance Index (CIP) report which tracks 152 countries. The UAE has climbed five places since 2020 and nine […]
Despite various diversity and inclusion initiatives being introduced, women accounted for only 22 percent of the workforce as recently as 2019
As industries look ahead, select priorities require urgent attention before opportunities can be pursued and sustainable future potential to be realized. For oil and gas players, among the most pressing is ensuring a gender parity culture is synonymous with their organization. While the necessary platforms have been provided for men to pursue career development aspirations […]
