In 2021, global oil and gas investments hit $602 billion, but in 2022 investments will rise to $628 billion
Oil and gas investments around the world are set to increase by $26 billion this year, a four percent increase from last year, as the industry continues its recovery from an unprecedented downturn caused by the Covid-19 pandemic, according to Rystad Energy. In 2021, global oil and gas investments hit $602 billion, but in 2022 […]
With record nominations and an overwhelming industry response, the Middle East Energy Awards is set to come back in physical form on February 23, 2022
Following record nominations for the Middle East Energy Awards, the hosting editors have decided to organise a gala event on February 23, 2022 to be able to further expand the event. We have received overwhelming response and a record number of nominations have been filed from the key industry players in different categories, so we […]
Perhaps it sounds like an unlikely match: fossil fuel experts helping drive the growth of clean hydrogen, a market some call the “new oil of the 21st century.” But alliances actually make sense.
The Middle East’s crown as the world’s historical epicenter of fossil fuels – notably gas and oil – was hard won through decades of building expertise in infrastructure, trade, and talent. Now, in the global push for a greener future, all this knowledge is transferable to the very infant market of clean hydrogen. Fossil fuel […]
Oil & Gas Middle East’s first hydrogen thinktank series discussed the challenges ahead for hydrogen adoption, including difficulties in categorisation and the competition between blue and green hydrogen
Climate change and the energy transition have been top of the agenda for the energy industry, with discussions at the COP26 summit in Glasgow, and ADIPEC 2021 focusing heavily on how to move to a lower carbon future. A recurring topic in these discussions has been hydrogen, be it green, blue, or any of the […]
Kazakhstan is a major global oil player, producing around 1.6 million barrels of oil per day
Oil prices have continued to rise as fears increase that unrest in Kazakhstan would hit oil production in the country. On January 6, the operator of Kazakhstan’s highest-producing oil field, Tengiz, said that a logistics issue had caused it to changed its production levels with political protests ongoing at the site. S&P Global Platts reported […]
Investors have seemed to realise that the bright future for green hydrogen still depends on achieving significant cost reductions and becoming a competitive energy source
Low-carbon hydrogen could play a crucial role in the decarbonisation of energy-intensive industries and in helping nations to reduce emissions and move closer to their net-zero emission targets, analysts and forecasting agencies say. The number of announced green hydrogen projects—those looking to produce hydrogen from water electrolysis using renewable energy—has soared over the past year, […]
Raphael Torrano, managing director Middle East at WEG explains to Oil & Gas Middle East the history behind the Brazilian electric engineering, power and automation firm
WEG has been developing its presence in the Middle East, and has recently been awarded the contract to supply specialist electric motors and drives for the pumps at the Ras Markaz Oil Park Project in Oman as well as the supply of motors and drives for the Duqm refinery. The Middle East arm of the […]
The contract covers the strategic long-term development of ADNOC’s Umm Shaif field and is part of the company’s plan to boost oil production capacity to five million barrels per day by 2030
Abu Dhabi National Oil Company (ADNOC) announced Wednesday that it had awarded a $946 million engineering, procurement, and construction (EPC) contract to National Petroleum Construction Company (NPCC). The contract covers the strategic long-term development of ADNOC’s Umm Shaif field and is part of the company’s plan to boost oil production capacity to five million barrels […]
The firm announced "significant" contracts with two Middle East hydrocarbon customers.
Larsen & Toubro’s (L&T) heavy engineering unit announced that it had won several contracts across various business segments in the third quarter of the 2022 financial year (ending March 2022). In a statement, L&T said that its modification, revamp and upgrade (MRU) business had won a contract from “a key hydrocarbon sector customer in the […]
Hamel will hold the office for two years beginning January 1, 2022
Mohamed Hamel assumed office as the fourth Secretary General of the Gas Exporting Countries Forum (GECF). Hamel, an Algerian, began his term at the 23rd GECF Ministerial Meeting and will hold the office for two years beginning January 1, 2022. The GECF is an 18-country energy organisation made up of the world’s leading natural gas […]
