Italian energy firm Eni posted a record profit in 2022, driven by high oil and gas prices, and said it aims to fully replace Russian gas imports within two years. The $14.6 billion net profit has been the company’s highest in more than two decades although oil and gas production fell by 4% to 1.61 […]
Author Archives: Faiza Rizvi
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Oil & Gas Middle East Awards: STATS Group joins as category sponsor
STATS Group has partnered with Oil & Gas Middle East as the category sponsor for the Oil & Gas Middle East Awards 2023, which are set to take place on March 2 at Grosvenor House, Dubai. The 13th installment of the event will gather executives from the upstream and downstream sectors in the Middle East to celebrate […]
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New Shell CEO makes major change to top management
Shell’s new CEO Wael Sawan, who took office on January 1, has created a senior role of chief of staff as part of a management overhaul to improve performance after technical problems and other disruption, Reuters reported, citing three company sources. The chief of staff, the first in Shell’s 115-year-old history, is the biggest change […]
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Opinion: Why the energy sector stands vulnerable
The uncertainty in the current global economy generates a wide range of possible risks that can abruptly alter a firm’s business model and strategy. Events developing in Eastern Europe, shifts in global government leadership, rising inflation, interest rates, constant cyberthreats, competition for talent and specialized skill sets, ongoing disruptions in global supply chains, and quickly […]
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ADNOC eyes $2 billion from gas unit IPO
The final offer price is expected to be announced on March 3
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Thailand’s PTTEP set to host the International Petroleum Technology Conference
PTT Exploration and Production Public Co Ltd (PTTEP) will host the 15th International Petroleum Technology Conference (IPTC 2023) between March 1-3, 2023 in Bangkok. Under the theme ‘Balancing the Energy Landscape through Innovation and Sustainability’, the event will welcome professionals and experts in the energy industry from over 50 countries to exchange and discuss new […]
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TechnipFMC secures ‘significant’ contract from TotalEnergies in Angola
TechnipFMC has secured a ‘significant’ contract with TotalEnergies EP Angola for the engineering, procurement, and supply of flowlines and connectors for the Girassol Life Extension project (GIRLIFEX) offshore Angola. The flexible pipes are set to extend the life of the Girassol field by bypassing the rigid pipe bundles installed before production began in 2001, TechnipFMC said in […]
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Crescent Petroleum signs three contracts to develop Iraqi oil and gas fields
Crescent Petroleum, the Middle East’s oldest privately-owned upstream oil and gas company, has signed three 20-year agreements with Iraq’s Ministry of Oil to appraise, develop, and produce oil and gas from two blocks in Diyala governorate and one in Basra governorate. The agreements will deliver much needed natural gas to fuel nearby power plants and […]
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Department of Energy’s head of IT and smart government services to speak at Digital Twins Conference
Saif Salem Bamadhaf, director of IT and smart government services with Department of Energy, Abu Dhabi, has been confirmed as a speaker for the UAE Digital Twins Conference 2023, which will take place on Monday, March 13 at the Grosvenor House in Dubai. The UAE Digital Twins Conference 2023 will be powered by ITP Media Group’s industry-leading […]
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Kuwait Oil Company awards $176 million maintenance contracts
Kuwait Oil Co (KOC) has awarded two local companies contracts to provide maintenance services for key oil facilities with a combined value of around $176.2 million, Zawya Projects reported, citing a report from Arabic language daily Alanba. KOC, which manages the OPEC producer’s upstream industry, awarded a 74.6 million maintenance service contract for its facilities […]
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