Saudi Arabia is seeking to establish more fuel stations to provide countrywide connectivity, particularly in rural areas, amid population growth, expected economic growth, and increased urbanisation and industrialisation activities. Several foreign players have expressed interest in investing in fuel stations across the country, which is expected to drive the growth of the fuel station market. As […]
Author Archives: Faiza Rizvi
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Saipem awarded $650 million offshore contracts
Saipem has been awarded three new offshore contracts and two FEED contracts worth approximately $650 million. The first contract has been awarded by Azule Energy for the Agogo Full Field Development project, a deepwater greenfield development, approximately 180 kms offshore Angola. The contract encompasses the EPCI of rigid Pipe-In-Pipe flowlines with associated subsea structures. The second […]
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Revealed: 5 largest oilfields in the Middle East
The Middle East is home to some of the largest and economical oilfields in the world. The world’s largest oil field, Saudi Arabia’s Ghawar Field, for instance, produces around 4 million barrels of oil per day, accounting for well over one-thirds of Saudi Arabia’s total production. Here is a list of the top five oil […]
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UAE offers 100,000 golden visas to attract top talent
UAE is offering long-term residency visas to attract talent as the country aims to become a global leader in AI
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Shell CEO plans to ‘thrive in partnership’ with Middle East governments
Wael Sawan created history when he took office as Shell’s first CEO of Middle East origin earlier this year. And he wants to leverage his affiliation with the region to strengthen relationships with the Middle East nations. “My vision here is one of continued investment,” Sawan told Oil & Gas Middle East in an exclusive […]
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Bahrain’s Tatweer Petroleum eyes EPC contractors for $200 million gas project
Bahrain’s Tatweer Petroleum is expected to award the EPC contract for its Bahrain Oil Field Associated Gas Compression Stations Project Phase 7 in the second quarter of 2023, according to Zawya Projects. The scope of work, according to Bahrain’s tender board, includes the design, procurement, fabrication, installation, testing, pre-commissioning, commissioning, and start-up of three compression […]
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Iraq’s Karbala refinery begins commercial operations
Karbala oil refinery, Iraq’s largest refining project in the past four decades, has started commercial operations. The Iraqi Prime Minister, Mohammed Shia Al-Sudani, confirmed that the Karbala oil refinery has a production capacity of 140,000 barrels per day and will provide 70% of Iraq’s needs for oil products, saving billions of dollars spent on imports. […]
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Oil prices rise after OPEC shocks market with output cut announcement
Oil prices spiked on Monday after OPEC+ announced they would cut production by about 1.16 million barrels per day — a surprise move, which could trigger global inflation. Brent crude, the global benchmark, jumped 4.8% to $83.73 a barrel, while WTI, the US benchmark, rose 4.9% to $79.36. On Sunday, Saudi Arabia announced that it […]
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QatarEnergy continues offshore exploration bonanza with Shell agreement
Qatar’s state-owned energy giant QatarEnergy has entered into an agreement with Shell to acquire a 40% working interest in the C-10 block located offshore Mauritania. This agreement is one of the several offshore exploration deals that Qatar has signed over the past few months. The C-10 block covers an area of about 11,500 square kilometers and is located approximately 50 kilometersoff the coast of Mauritania in water depths of approximately 50 to 2,000 meters. According to the […]
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Ghana wants to double oil production by end of 2023
Ghana, which is one of Africa’s fastest-growing oil and gas markets, is seeking to double its crude oil production by the end of this year, African Energy Chamber said in a statement. The country is seeking to double production from around 180,000 barrels per day (bpd) to 420,000 bpd, supported by commercial discoveries in the […]
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