Oman is projected to become the fastest growing economy within the the oil exporters of the six-member Gulf Cooperation Council (GCC) in 2023 with growth seen at 4.3%, according to a report from World Bank. Rating agency S&P last week revised Oman’s outlook to positive, from stable. It said the government was repairing its balance […]
Author Archives: Faiza Rizvi
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Inside Abu Dhabi’s $30 billion Upper Zakum megaproject
The Upper Zakum Oil Field is the largest producing field in ADNOC’s portfolio. It is also the second-largest offshore oil field and the fourth-largest oil field in the world. As part of ADNOC’s ambitious target to accelerate the delivery of its 2030 smart growth strategy, the company plans to increase the field capacity of Upper […]
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Oman announces $3.8 billion projects across sectors
Oman Investment Authority (OIA) has announced 36 investment opportunities worth $3.8 billion covering various industries. Hisham Ahmed Al Sheedi, Director General of Economic Diversification at OIA said that these investment opportunities will potentially ensure better alignment and synergy between OIA and other government and private entities. He noted that the opportunities are distributed across several […]
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Technip Energies COO reveals major projects, trends in the Middle East
In an exclusive interview with Oil & Gas Middle East, Marco Villa, COO of Technip Energies, discusses the company’s key projects, role of technology to address decarbonisation, and the need for collaboration to accelerate the energy transition. What are Technip Energies’ ongoing projects and what’s in the pipeline? We have a long-standing presence in the […]
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Dubai’s Emirates issues travel warnings over deadly Marburg virus
Travelers are advised to postpone trips unless absolutely necessary
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Oil rich Kuwait eyes plans to restrict expat population: Report
Kuwait officials have submitted an advisory report to the government to introduce expat quotas, according to a report by Arabian Business, citing Kuwait Times. The report shows that private academic bodies studying Kuwait’s population demographics have submitted an advisory report to the government outlining recommendations to address the “imbalance of expatriates” in the country. The focus of the […]
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Petrofac, Aveva sign digitalisation deal
Petrofac has signed an agreement with Aveva under which the companies will cooperate towards digital transformation of the end-to-end supply chain system process for the energy industry. The supply chain system process will include engineering cataloging, procurement, site material control and construction planning, Aveva said in a statement. Under the agreement, Aveva’s sustainable engineering solutions […]
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Potential 3-day weekend? Official Eid Al-Fitr 2023 dates revealed
UAE residents can expect a three-day weekend after the International Astronomy Centre revealed its expected date for the sighting of the Shawaal crescent. According to a Twitter post by UAEBARQ, the International Astronomy Centre said: “Islamic Countries are expected to sight the crescent of Shawwal on Thursday, April 20. Sighting the crescent on that day might not […]
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Report: Saudi Arabia makes major changes to work visas
Saudi Arabia has introduced new rules for skill-based recruitment, according to a report in the Saudi Gazette. The Ministry of Human Resources and Social Development (MHRSD) has brought in three skill levels for new recruits in certain sectors in the Kingdom. The changes come alongside efforts to improve the professional competence of skilled workers in the Saudi […]
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From the editor: Oil and gas won’t disappear overnight
I have lost count of the number of times I have silently disagreed with climate activists calling for an immediate end to fossil fuels. Let’s face it. Oil and gas isn’t going to disappear overnight. And ‘boycotting’ fossil fuels to address climate change certainly won’t help. As ADNOC CEO and COP28 President Dr Jaber rightly […]
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