The deal has a base consideration of $646 million
Exploration
Posted inExploration
ADNOC L&S expands material handling services with major equipment acquisition
Under the terms of the acquisition, ADNOC L&S will take ownership of Speedy Hire’s equipment, stock and other fixed assets relating to its Middle East business
Posted inExploration
Sweden’s Tethys Oil hits pay on Oman onshore exploration well
The well encountered hydrocarbon shows in the primary target, with results of the well testing due in three weeks
Posted inExploration
Qatar Petroleum inks deal to supply 3 MTPA of LNG to Pakistan
Under the 10-year deal, LNG deliveries to Pakistan’s receiving terminals will begin in 2022 and continue until 2031
Posted inExploration
ADNOC awards Offshore Block 4 concession to Cosmo in second bidding round
Cosmo was awarded the exploration concession for Offshore Block 4 and will invest up to $145 million (AED532 million) during the exploration phase
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Egypt could launch oil and gas exploration bid round this month
Egypt most recently signed nine exploration agreements with six local and international oil companies in January
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Oil bubbles up on Saudi supply, demand confidence and weak dollar
Oil prices are continuing to rise today, breaking new highs since the beginning of the pandemic, as traders look happy to squeeze every bullish cent out of Saudi Arabia’s production cuts
Posted inExploration
How Saudi Aramco is using digital technology to revolutionise its business
Saudi Aramco experts from exploration and geophysical departments explore the massive changes that digital technology has brought to the company, and its potential for the future
Posted inExploration
Sharjah ruler meets ENI CEO to discuss UAE progress
Recently Eni and SNOC, the state company of Sharjah, announced the start of production from the Mahani field, located in the Concession Area B, onshore
Posted inExploration
After the costliest Chapter 11 year in history, 2021 bankruptcy numbers will normalize if WTI keeps up
Combined debt in the industry for companies filing for Chapter 11 bankruptcy hit $102 billion in 2020