Rising to the challenge of climate change needs to be part the energy industry’s strategy through this year and beyond
One of the most significant trends of 2022 will be how the oil and gas industry acts against climate change. Already, international and national oil companies (IOCs and NOCs) around the world have ambitious plans to reduce the greenhouse-gas (GHG) emissions from their operations—part of national agendas against climate change. The challenge is now to […]
Russia says it demands only rubles for its gas and will not ship gas for free
Russia’s insistence that its “unfriendly” nations pay in rubles for Russian natural gas risks disrupting European supplies as soon as this week as the deadline set by Putin for moving to ruble payments is drawing closer. Europe, which depends on Russian natural gas for more than one-third of its demand—with some countries, including the biggest […]
Tarek El-Molla, Egypt’s Minister of Petroleum & Mineral Resources was also in attendance
Egypt’s President Abdel Fattah el-Sisi met with Claudio Descalzi, CEO, Eni, on Thursday to discuss the company’s activities in the country. In attendance was also Egyptian Minister of Petroleum & Mineral Resources Tarek El-Molla. The main topics of conversation were regarding Egypt’s production of natural gas and LNG. The country has aspirations of becoming a […]
The JV will also increase localisation in the kingdom
Baker Hughes, Dussur, Saudi Aramco, SABIC signed an agreement Wednesday to form a joint venture (JV) to provide oilfield and industrial chemical in Saudi Arabia. “This partnership is directly aligned to our broader strategy to invest for growth and leverage our existing strengths while exploring new business models to better serve our customers and the […]
The minister said that his country would not divert gas supplies away from the continent
Qatar’s Energy Minister Saad Al Kaabi said that Qatar will stand “in solidarity with Europe” and continue to supply gas to the continent even if it means losing out on more lucrative contracts elsewhere. “We’re not going to divert [contracts] and will keep them in Europe, even if there is financial gain for us to […]
The announcement was made during a government meeting chaired by Russian President Vladimir Putin
Russia will now demand that payments for Russian gas supplies that head to “unfriendly countries” must be settled in roubles, President Vladimir Putin announced during a government meeting, Interfax, a Russian news agency, reported Wednesday. Putin called for the Russian central bank and government to determine within one week “the order of operations for the […]
Arabian Business will partner with Autodesk on Friday, March 25th at the USA Pavilion, Expo 2020 Dubai for a morning of discussions around digital transformation accelerating the future of work and the impact of sustainability and Economic Social Governance (ESG) across industries. An exclusive event, by-invitation only, the morning of panel discussions will take place […]
Early estimates place the size of the find at around 140 million barrels of oil
Eni and Sonatrach announced Sunday that they had discovered significant oil and associated gas in the Zemlet el Arbi concession, located in the Berkine North Basin in the Algerian desert. The two companies have been operating the concession together as a joint venture owned 49% by Eni and 51% by Sonatrach. According to a statement […]
By unifying business operations into a single interface, oil and gas companies can improve their efficiency, agility and reliability, says Rashesh Mody, Senior Vice President, Monitoring and Control Business Unit, AVEVA.
The shock of the pandemic highlighted the critical importance of agility and adaptability in the oil and gas (O&G industry). But, in an unexpected silver lining, many of last year’s challenges helped reveal areas of low digital maturity, including the industry’s reliance on engineers out in the field and the fact their work was often […]
As one of the world’s biggest LNG producers, the country could benefit from increased demand
S&P Global Ratings said that it believes the EU’s planned diversification from Russian gas could have a positive implication for Qatar’s state energy producer QatarEnergy (QE). The European Commission announced earlier this month plans to remove EU reliance on Russian fossil fuels by the end of the decade. The decision was taken following Russia’s invasion […]
