Uganda is expected to make a final investment decision for its oil and gas refinery project in June with plans to begin production by 2025, Zawya reported, citing Minister for Energy and Mineral Development Ruth Nankabirwa. Albertine Graben Refinery Consortium, which won the contract for the refinery, is currently performing environmental and social impact assessments. […]
Author Archives: Faiza Rizvi
Posted inNews
SLB reports nearly $1 billion profit; double digit revenue growth in the Middle East
Oilfield services giant SLB, formerly Schlumberger, has reported strong quarterly profits with increase in revenue across all divisions and geographical areas, especially in the Middle East. The company reported net profits of $1.07 billion in the fourth quarter of 2022, up 77% from a net income of $601 million in the same period a year […]
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TotalEnergies begins gas production in Oman’s gas block
Gas production is expected to reach 500 MMcfd by mid-2024
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Oil & Gas Middle East Awards: Nominations deadline extended until January 27
Oil & Gas Middle East is pleased to announce that the the nomination deadline for the 13th Oil & Gas Middle East Awards has been extended until Friday, 27 to allow more time for nominees to pull together their submissions. For oil and gas professionals who haven’t submitted their nominations yet, this is good news, as […]
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Saudi’s East Pipes secures $151.7 million contracts from NEOM, Petrojet
East Pipes Integrated Co announced in a statement that it has signed multiple contracts with NEOM with total value of the contracts worth about $99.3 million. The scope of works includes supplying of steel pipes for water transmission lines, and the duration of the contract is 12 months. In another statement, the company announced a […]
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Oman’s Abraj Energy Services to list 49% shares on Muscat Stock Exchange
Oman’s drilling firm Abraj Energy Services has announced its intention to proceed with an IPO and listing on the Muscat Stock Exchange, which is expected to take place in March 2023, subject to receiving the required regulatory approvals from the Capital Market Authority of the Sultanate of Oman. The company’s planned listing will allow investors […]
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Saipem confirms two offshore contracts worth $900 million
Italian EPC giant Saipem has been awarded two offshore contracts worth $900 million, the company announced on Friday. The first contract has been awarded by TotalEnergies, for the LAPA Southwest (LAPA SW) Development Project, a deepwater oil field in the Santos Basin offshore Brazil. The scope of work encompasses the Engineering, Procurement, Construction, and Installation […]
Posted inNews, Downstream
UAE’s fuel retailer ADNOC Distribution announces decarbonisation targets
ADNOC Distribution, the state-owned company specialized in the national and international marketing and distribution of petroleum products, on Friday announced plans to reduce its carbon intensity by 25% by 2030 by putting sustainability at the core of its day-to-day operations. The fuel retailer said it will work to decarbonise operations by reducing its Scope 1 […]
Posted inExploration & Production
NPCC, Saipem secure $60 million pre-construction award from ADNOC
National Petroleum Construction Co (NPCC) and its joint venture partners Saipem and China Petroleum Engineering and Construction Corp have secured a $60 million contract for the pre-construction works related to the offshore facilities of the Hail and Ghasha gas development project. The contract covers the early project activities such as initial detailed engineering and procurement […]
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Oman LNG signs deals with TotalEnergies, PTT Global
The move reflects Oman’s efforts in providing energy to global markets
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