Oman, the Middle East’s biggest oil producer outside OPEC, will spend $4.95 billion on investment projects in 2023, Oman Investment Authority (OIA), the nation’s sovereign wealth fund has announced. The investments will include about 65 new and existing projects in sectors including logistics, food and fisheries, energy, mining, services, and communications and IT, Reuters reported […]
Author Archives: Faiza Rizvi
Posted inProducts & Services, News
AI on drilling rigs: real-time detection and immersive insights
Drilling rig risks can be drastically mitigated only by using new technologies
Posted inNews
Construction giant ALEC ventures into oil and gas with landmark acquisition
With this agreement, the companies will have a joint turnover of close to $2 billion
Posted inExploration & Production
QatarEnergy wins offshore exploration block in Brazil
QatarEnergy, in a consortium with oil giants TotalEnergies and Petronas, have been awarded an offshore exploration block during the first cycle of Brazil’s open acreage under a production sharing regime bid held in Rio de Janeiro. Under the terms of the agreements, QatarEnergy will hold a 20% working interest, alongside the operator Petrobras (30%), TotalEnergies […]
Posted inNews
SLB opens innovation center in Abu Dhabi
The center will accelerate the development and deployment of enterprise-scale AI and digital solutions
Posted inExploration & Production
Why gas-rich Qatar could be the real winner of the World Cup
QatarEnergy wants to focus on international expansion, and hosting the most popular sporting event on earth has put Qatar in the spotlight like never before
Posted inPeople
Petrofac partners with ENH to support localisation goals
Petrofac has formed a JV with ENH, Mozambique’s state-owned energy exploration and production company, to provide training services to local talent. Designed to support nationalisation goals across the country’s expanding energy industry, the partnership will provide training and competence management solutions for Mozambique’s domestic onshore and offshore developments, as the country continues its transformation from […]
Posted inNews
Saudi Arabia’s futuristic city NEOM signs green hydrogen agreements
The project is expected to produce about 1.2 million tonnes of green ammonia per year
Posted inDownstream
Aramco, SABIC eye multibillion megaprojects with China’s Sinopec
Aramco seeks to expand its liquids-to-chemicals capacity to up to 4 million barrels per day by 2030
Posted inNews
UAE salaries: Companies planning pay hikes in 2023
Following the strongest year in a decade for the job market in the UAE, some companies are planning to increase salaries of employees by more than 10% next year, according to a study released by Cooper Fitch, a global recruitment and HR consultancy. The report showed that more than half (57%) of the companies in […]
Load more