Abu Dhabi‘s state-owned energy giant ADNOC has signed new deals worth $4.63 billion with 23 companies to manufacture locally a wide range of critical industrial products. The products that will be produced locally include pipes and fittings, valves, bends and cladded pipes, industrial pumps, batteries, pipes and fittings, among many others. Proclad, Tri Star […]
Author Archives: Faiza Rizvi
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Top 5 oil and gas contracts in the Middle East: January 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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ENOC to develop storage facility for oil and gas products
ENOC Group and Tanzania’s Ministry of Energy signed today a Memorandum of Understanding (MoU) to develop a national import gateway and world-class storage facility for oil and gas products to serve the country as well as the Eastern and Central Africa region, ENOC announced in a press release. The partnership is in line with the […]
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Oman signs major gas supply deal with Turkey
Oman LNG has signed a long-term agreement with Turkey’s BOTAS Petroleum Pipeline Corporation to supply 1 million metric tonnes (MMmt) of LNG annually for ten years. According to the agreement signed with BOTAS, Oman LNG will start supplying gas to Turkey in 2025. The agreement helps strengthen its partnerships with international firms in the energy […]
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Saudi energy minister invites oil companies to move headquarters to Dhahran
Saudi Arabia’s Energy Minister Prince Abdulaziz Bin Salman has called on the global oil companies to move their headquarters to Dhahran in the Eastern Province of Saudi Arabia and home to Saudi Aramco. Prince Abdulaziz made these remarks during his speech at the seventh edition Aramco’s iktva exhibition 2023, Saudi Gazette reported. He said that […]
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Alfanar, Daewoo to develop oil, gas and petrochemical projects in Saudi Arabia
Saudi construction company Alfanar signed an agreement with Korea’s Daewoo Engineering & Construction Co to explore opportunities for joint collaboration in the construction of ‎oil, gas, and petrochemical projects in ‎Saudi Arabia. Through this agreement, Alfanar will work on transferring and localising expertise in the engineering construction field and exchange the expertise of advanced technologies […]
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Saudi Arabia’s TAQA closes acquisition of Al Mansoori Petroleum Services
The Industrialization and Energy Service Company (TAQA) announced today the closure of its 100% acquisition of Al Mansoori Petroleum Services, expanding TAQA’s Well Solutions business internationally. In September 2022, TAQA said Al Mansoori would add complementary products and services to TAQA’s portfolio, including early production facilities, well testing, slickline, marine stimulation vessels, multi-purpose service vessels, […]
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Aramco signs $7.2 billion agreements at IKTVA forum
Aramco has signed over 100 agreements and MoU’s, valued at around $7.2 billion at the 7thedition of the In-Kingdom Total Value Add (IKTVA) Forum and Exhibition. The forum, which runs from January 30 to February 2 in Dhahran, is held under the theme of ‘Accelerating Future Success’. At the event, the Saudi giant also announced […]
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TotalEnergies wants offshore Lebanon work to begin ‘as soon as possible’
TotalEnergies is keen to begin work on Lebanon’s offshore Block 9 “as soon as possible”, with assessments to begin early next month and well-drilling to launch in Q3 2023, Reuters reported, citing the French major’s CEO Patrick Pouyanne. Pouyanne said a vessel would arrive in Lebanese waters on Feb. 6 to carry out an environmental […]
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Eni launches $8 billion gas project in Libya
Eni and National Oil Corporation of Libya (NOC) have launched the development of Structures A&E, an $8 billion project aimed at increasing gas production to supply the Libyan domestic market as well as to ensure export to Europe. Structures A&E is the first major project in the country since the early 2000. It consists of […]
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