The consortium, which includes Italy’s Eni and Russia’s Novatek, obtained its licence in February 2018.Exploration was due to start mid-January.
Author Archives: Staff Writer
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Saudi Aramco CEO says coronavirus impact will be shortlived
Amin Nasser is confident that demand will improve in H2 2020
ADDED and ADNOC ink in-country value agreement
Following this agreement, businesses can make a one-time application for a unified ICV certificate that will now be applicable for the Abu Dhabi Government’s commercial evaluation process of goods and services procurement.
US oil & gas industry sees a drop of 11.7% in deal activity in January 2020
A total of 68 deals worth $4.46bn were announced in January 2020
Saudi Aramco forms non-metallic JV with Baker Hughes
Saudi Aramco’s participation in the NM JV aims to help promote the use of RTPs which consume less energy and are less carbon intensive compared to conventional steel pipes
Schlumberger opens manufacturing centre in King Salman Energy Park
The first phase of the manufacturing center, which comprises 105,000 square meters, will create more than 200 new jobs over the next few years
Saudi Aramco signs 66 MoUs worth $21 billion under IKTVA
56% of Saudi Aramco’s procurement was spent in-Kingdom in 2019 compared to 35% in 2015
Middle East gas market growing twice as fast as global energy demand
According to BCG’s report, the Middle East can deliver 8500 bcm of gas by 2030 marking the strongest growth in a decade
UAE sees 2.9% GDP growth in 2019
The Central Bank of the UAE revealed that the growth was driven by the hydrocarbon sector
Oman signs exploration and production agreement with Total and PTTEP
The deal allows the joint venture to explore and develop non-associated gas in onshore Block 12