According to the contract, the Chinese firm will invest up to $150 million a year, which will increase to $540 million in three years
Exploration & Production
Posted inExploration & Production
Top 5 offshore contracts in the Middle East 2022
Here is a list of the top 5 offshore deals secured by contractors in the Middle East
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Aramco’s giant Jafurah gas field: 5 things you need to know
The development of the Jafurah unconventional gas field is one of the most ambitious projects in Aramco’s history. Here are five facts you need to know: Related:
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Indonesia awards offshore blocks to ramp up gas production
Indonesia has awarded two oil and gas exploration blocks to domestic firms as it seeks to increase gas production to meet growing energy demand, Reuters reported, citing the energy ministry’s director general of oil and gas. The Paus working area in offshore East Natuna, with an estimated 2.5 trillion cubic feet of gas, was awarded […]
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Egypt announces $2.1 billion investment in oil and gas exploration
Egypt has announced a total investment of $2.1 billion in oil and natural gas exploration plans until 2025, Minister of Petroleum and Mineral Resources Tarek El-Molla said in a meeting recently. The investments were announced for the Mediterranean Sea in partnership with major international companies, El-Molla noted. Based on the preliminary findings, the new explorations […]
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Eni finds more gas offshore Cyprus
“The finding confirms the region’s bright energy potential,” the Cypriot Energy Ministry said in a statement
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QatarEnergy wins offshore exploration block in Brazil
QatarEnergy, in a consortium with oil giants TotalEnergies and Petronas, have been awarded an offshore exploration block during the first cycle of Brazil’s open acreage under a production sharing regime bid held in Rio de Janeiro. Under the terms of the agreements, QatarEnergy will hold a 20% working interest, alongside the operator Petrobras (30%), TotalEnergies […]
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Why gas-rich Qatar could be the real winner of the World Cup
QatarEnergy wants to focus on international expansion, and hosting the most popular sporting event on earth has put Qatar in the spotlight like never before
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L&T’s hydrocarbon business secures ‘significant’ contracts
The hydrocarbon unit of L&T has secured two orders for its asset management and AdVENT business verticals. L&T Hydrocarbon, Asset Management (LTEH-AM), a new business vertical for Operations and Maintenance (O&M) and associated services in the global market, has secured its first integrated O&M contract from Vedanta Ltd, Cairn Oil & Gas division. This 5-year […]
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Saipem awarded $1.2 billion new contracts
The contracts have been awarded for Stabroek block offshore Guyana and Egypt’s Zohr Field
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