The company accelerated delivering on its growth strategy throughout the first half of the year, with the opening of 12 new stations in the UAE
DRILLING & PRODUCTION
Posted inDRILLING & PRODUCTION
ADNOC Drilling awarded over $3.4 billion in contracts to boost offshore production capacity
Over 80% of the contract value will flow back into the UAE’s economy under ADNOC’s In-Country Value program
Posted inEarnings, DRILLING & PRODUCTION
Big Oil, US shale companies report bumper second-quarter profits
Soaring energy prices and strong demand recovery has boosted Big Oil’s profits, which have exceeded estimates
Posted inNews, DRILLING & PRODUCTION
ADNOC Drilling wins $2bn contracts for mega development project
Overall, more than 80% of the value of the awards will flow back into the UAE’s economy under Adnoc’s successful In-Country Value programme
Posted inNews, DRILLING & PRODUCTION
Oil Plus wins $450,000 water-related projects in Qatar
Oil Plus will deliver a pre-FEED oil and water analysis for Qatar Energy, and a water injection study and systems optimisation review for NOC
Posted inNews, DRILLING & PRODUCTION, Exploration & Production, People
Digital drilling
Oil & Gas Middle East sat down with Miguel Sanchez, vice president, international operations at Nabors, to discuss his firm’s growth in the Middle East
Can you explain Nabors’ relationship and history with the Middle East region? Nabors® has over 35 years of experience in the Middle East. We began operations in Saudi Arabia and Yemen in 1990. Since 1999, we have worked in countries including Algeria, Bahrain, Kuwait, Oman, Iraq, Kurdistan, Jordan, and Qatar. Nabors has an extensive and […]
Posted inExploration & Production, DRILLING & PRODUCTION
Oil prices lightly fluctuate but bullish environment persists
Even though oil prices are trading slightly lower today, the overall market environment is bullish and a US crude storage draw confirmation could again tilt the scale towards gains
Even though oil prices are losing a few cents to the dollar today, the overall sentiment has lifted since yesterday and the market should see the forest for the trees, as overall market conditions remain bullish and – under the current oil supply status quo – oil valuation is on track for further ascent. If […]
Posted inExploration & Production, DRILLING & PRODUCTION
Gas market at an unstable equilibrium, waiting for supply hints
This week gas prices are at an unstable equilibrium, with traders waiting for further supply hints and watching Russia-Europe flows with bated breath
In Europe, the resumption of Russian gas flows to Germany at Mallnow and small injections into German storage at Rehden have calmed traders nerves and prices after a week of volatility. On the other hand, temperatures over the next few weeks are forecast to trend at or below normal through most of North West Europe. […]
Posted inExploration & Production, DRILLING & PRODUCTION
Specific strategies are largely absent in US and EU’s Global Methane Pledge
While the US and EU launched the Global Methane Pledge, the strategic details are unclear
In an announcement made at COP26, the US and EU jointly kicked off the Global Methane Pledge, which aims to reduce methane emissions by 30% by 2030, and over 100 countries have joined the initiative; Miles Weinstein, Energy Transition Analyst at GlobalData, a leading data and analytics company, offers his view: “In total, the participating […]
Posted inExploration & Production, DRILLING & PRODUCTION
Dana Gas KRI and Egypt collections reached $256 million since start-2021
Dana Gas, which owns a 35% interest in Pearl Petroleum, saw its share of collections from sales of condensate, LPG and gas in the KRI jump 77% to $131 million
Dana Gas’s 9M 2021 collections from the Kurdistan Region of Iraq (KRI) and Egypt have increased 102% year-on-year to $256 million (AED 938mm) from $127 million (AED 466mm) in the same period the previous year. Dana Gas, which owns a 35% interest in Pearl Petroleum, saw its share of collections from sales of condensate, LPG […]
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