New LNG projects are driven mainly by a short-term increase in natural gas demand and the restrictions imposed on Russian gas exports
Exploration & Production
Posted inExploration & Production, News
Kuwait ramps up crude oil production to meet increased demand
Kuwait will continue to support efforts to promote market stability, Oil Minister Dr Mohammad Al-Faris said
Posted inEnergy Transition, EPC Contracts
QatarEnergy awards EPC contract to build mega-solar power plants
The plant is expected to start electricity production by the end of 2024
Posted inExploration & Production
TotalEnergies, Eni announce major gas discovery offshore Cyprus
The gas discovery at the Cronos-1 well could unlock additional potential in the area
Posted inExploration & Production
Invictus Energy to begin drilling first exploration well in Zimbabwe
The Mukuyu-1 will test one of the largest prospects to be drilled globally in 2022
Posted inExploration & Production
OPEC chief calls for more investment in oil and gas
Haitham Al Ghais also said that OPEC is doing its part and must not be blamed for soaring inflation
Posted inExploration & Production, Exploration
India’s ONGC signs deal with US major Exxon Mobil for deepwater exploration
Data exchange between both companies has led to the exploration partnership agreement, ONGC said
Posted inExploration & Production
The global LNG shake up
The US has claimed the title of the world’s top LNG exporting, reversing trade trends from West to East
Posted inEPC Contracts, Exploration & Production
Penspen reports new contracts worth $48 million in Q2 2022
The company has secured over seven new contracts in the Middle East including a multi-year framework agreement with a major Middle East national oil company
Posted inExploration & Production
Saudi oil giant ready to boost crude oil output, if needed
The world’s largest exporter of crude oil said it stands ready to accelerate production to its maximum capacity of 12.3 MMbbl/d over the next three years