Shell, Equinor and the government of Tanzania have finalised negotiations for the construction of a $30 billion LNG terminal and contract preparation is underway, Tanzania’s energy ministry said. “Minister January Makamba said negotiations on the construction of the LNG project were complete, and now experts are at work drafting contracts,” the energy ministry said on […]
Author Archives: Faiza Rizvi
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‘Houston, we have a problem’: Al Jaber urges oil and gas sector to join climate fight
Dr Sultan Al Jaber, ADNOC’s group CEO, who was recently appointed as COP28 president-designate, urged energy leaders to “drive sustainable progress while holding back emissions.” “Houston, we have a problem,” Al Jaber said, borrowing a famous line from a US astronaut aboard a damaged spacecraft during the Apollo 13 mission in 1970. His remarks were […]
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Top 10 risks facing the oil and gas sector
Amid uncertainty and potential volatility coupled with rising and diminishing consumer demand, price fluctuations, and geopolitical tensions, here are the top ten risks faced by the oil and gas industry
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Oman set to award over $700 million contracts for solar energy projects
Oman Power and Water Procurement Company (OPWP) is set to award solar energy projects worth $777 million to international investors after securing approvals from the Authority for Public Services Regulation (APSR), Times of Oman reported. The Manah 1 and 2 projects, which will jointly produce a total of 1,000MW, is set to come up on […]
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GAS Arabian Services secures $13.5 million EPC contract
GAS Arabian Services Co announced that it has secured a $13.5 million EPC contract from Saudi Arabia’s Advanced Petrochemical Co. The scope of the contract includes constructing a pipeline system from the PDH unit of Advanced Petrochemical Co to the cracking unit of United Petrochemical Co, an affiliate of SABIC. According to the a statement […]
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QatarEnergy strikes oil again in Namibia
QatarEnergy announced today a light oil discovery in the Jonker-1X deep-water exploration well, which marks the company’s third recent discovery offshore Namibia. The well was drilled to a total depth of 6,168 meters in a water depth of 2,210 meters. The acquired data is being evaluated while further appraisal is planned to determine the size […]
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At least 19 feared dead after devastating fire at Pertamina’s fuel storage facility
At least 19 people, including two children, have died and more than 60 injured after a fire broke out on Friday evening at one of national oil company Pertamina’s fuel storage depots on Indonesia’s most populous island of Java, Upstream reported. Investigations are under way after the fatal blaze, which has also displaced some 650 […]
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Eni, ADNOC sign agreement for low-carbon projects
Eni’s CEO Claudio Descalzi and Dr Sultan Ahmed Al Jaber, group CEO of ADNOC, signed on March 4 an agreement for joint projects on energy transition, sustainability and decarbonisation. Through this agreement, Eni and ADNOC intend to explore potential opportunities in the areas of renewable energy, blue and green hydrogen, carbon capture and storage (CCS), […]
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Oil & Gas Middle East Awards 2023: Meet the winners and the highly commended!
The 2023 edition of the Oil & Gas Middle East Awards ended on an excellent note on the evening of March 2 at the Grosvenor House in Dubai. The event celebrated a total of 14 winners across upstream, midstream and downstream sectors, and individual categories who took home the beautiful crystal trophies loud and proud. […]
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Top 5 oil and gas contracts in the Middle East: February 2023
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
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