Bahrain’s Oil and Gas Holding Co (nogaholding) has appointed Johann Pleininger as Chief Executive of Tatweer Petroleum, which is responsible for all the upstream operations in the Kingdom of Bahrain. HH Shaikh Nasser bin Hamad Al Khalifa, board chairman of nogaholding, praised Pleininger’s wealth of experience and role in the energy sector, which, he said, […]
Author Archives: Faiza Rizvi
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TotalEnergies’ $27 billion Iraq project to begin in two weeks
Iraq and TotalEnergies expect to begin work on a long-delayed $27 billion project within the next two weeks, Iraq’s oil minister Hayan Abdel-Ghani said on Wednesday. According to a Reuters report, Abdel-Ghani said at a conference in Baghdad he expected five side agreements related to the deal to be signed in the next two weeks, […]
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Saudi energy ministry to impose severe penalties for obtaining illegal electricity
Saudi Arabia’s Energy Ministry has warned against the illegal use of petroleum products and getting electricity illegally, Saudi Gazette reported. The Ministry has also clarified the penalties that would be imposed over the violators if they violated the Kingdom’s Law of Trade in Petroleum Products. The punishments include a financial penalty that reaches to up […]
Posted inExploration & Production
Iran producing over 3 million barrels of oil per day: Minister
Iran’s oil production has surpassed 3 million barrels per day, Reuters reported, citing Iran’s Oil Minister. “Over the last 20 months, Iran’s oil production has reached levels above 3 million barrels per day and natural gas output has reached more than 1 billion cubic meters,” Javad Owji said. Iran pumped 2.4 million barrels per day […]
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Kuwait eyes $19 billion oil and gas projects until 2030
Kuwait plans to invest nearly $19 billion on 10 large oil projects in the next seven years, Zawya Projects reported, citing a local newspaper. The largest project involves the construction of a petrochemical complex near the Southern Al-Zour oil refinery, which has just been completed at a cost of more than $15 billion, the Arabic […]
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UAE reveals major unemployment insurance update
The UAE mandatory unemployment insurance has a new major update. Freezone and semi-government entity employees can now subscribe to the job loss scheme. In a new announcement, a pop-up on the official portal states “Do you work in semi-government entities or companies registered in a UAE Freezone? You can subscribe now by clicking on subscribe here and […]
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Sinopec, TotalEnergies eyeing $10 billion investment in Aramco’s Jafurah project
Sinopec and TotalEnergies are among the companies holding talks to invest in Aramco’s Jafurah development, Bloomberg reported, citing people familiar with the matter. Saudi Arabia’s state-owned giant is seeking to exploit one of the world’s largest untapped gas fields. The Chinese and French energy giants are in separate discussions with Saudi Aramco about the plans that […]
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ADNOC picks Ruwais over Fujairah for LNG project
ADNOC said on Tuesday that its LNG project would move forward in UAE’s Al Ruwais Industrial City instead of Fujairah. The location’s vicinity to ADNOC’s current operations and its future growth projects as well as its local supplier base were all important factors in the decision, ADNOC said in a press release. The project had […]
Posted inNews, Exploration & Production
ADNOC relaunches tender for Hail and Ghasha megaproject after terminating key contracts
Days after terminating key pre-construction contracts, ADNOC has invited contractors to express interest in new EPC tenders for the multibillion-dollar Hail and Ghasha sour gas development, according to a MEED report. Industry sources claim that the expression of interest (EoI) document was issued to contractors on 29 April. Firms have been asked to express interest in the […]
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ADNOC, TotalEnergies sign $1.2 billion strategic agreement
ADNOC’s gas unit has announced a three-year supply agreement with French multi-energy company TotalEnergies Gas and Power Ltd, a subsidiary of TotalEnergies for the export of LNG. The value of the agreement is between $1 billion to $1.2 billion under current market conditions, ADNOC said in a press release. Under the terms of the agreement, […]
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