This week, key players in the region unleashed billions in revenues and continued to advance key projects
Author Archives: Faiza Rizvi
Posted inNews, Exploration & Production
ADNOC awards $1.17 billion contract for jack-up barges to boost offshore production
The award is expected to support ADNOC’s objective to achieve 5 million barrels of daily crude oil production capacity by 2030
Posted inNews
IEA forecasts rise in oil demand but says OPEC unlikely to supply more oil
With several regions experiencing blazing heatwaves, the IEA expects increased oil burn in power generation, especially in Europe and the Middle East
Posted inEPC Contracts, Exploration & Production
Saipem wins three new EPC contracts for $900 million in Angola
Saipem will handle the project’s EPC work including hook-up and commissioning assistance
Posted inNews
McDermott secures FEED contract for Qatar’s largest offshore oil field
The scope of the contract comprises developing FEED studies for offshore and onshore pipelines, cables, and associated facilities.
Posted inEnergy Transition, News
India’s JSW to buy Mytrah Energy’s renewable portfolio in $1.3 billion deal
The all-cash deal increases JSW’s generation capacity by more than 35% to 6.5 gigawatts
Posted inEnergy Transition
E&P green deals surge in H1 2022, report shows
E&P renewables portfolios have significantly grown, with some players even surpassing their 2030 ambitions
Posted inNews
The Middle East isn’t quite ready for energy transition, survey shows
Technological, financial and regulatory barriers are partly impeding energy transition progress in the MENA region
Posted inNews
ADNOC Drilling grows H2 net profit by 34% on fleet expansion, strong revenues
The company added eight new rigs during the first half of the year
Posted inEnergy Transition
Indian billionaire Ambani says green energy to outperform other Reliance businesses
Reliance wants to achieve net carbon zero status by 2035