ADNOC and TAQA have awarded a strategic investment project worth up to $2.4 billion for a major desalination plant to support ADNOC’s onshore operations, a press statement has revealed. The project entails the development of a state-of-the-art seawater treatment facility and a transportation network that will serve the Bab and Bu Hasa fields in Abu […]
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Angry protesters storm Shell’s annual shareholder meeting
Shell shareholders expressed strong support for the energy giant’s strategy at a tumultuous annual general meeting disrupted by climate activists who tried to storm the stage, Reuters reported on Tuesday. The meeting started after an hour’s delay caused by massive disruptions by protesters who were then carried out by dozens of security staff. “Go to hell, Shell, […]
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McDermott in the race for Qatar’s $1 billion offshore contract
McDermott is expected to land a major offshore pipe and pipelaying contract from Qatargas for the massive North Field sustainability (NFPS) project, Upstream reported, citing multiple people with direct knowledge of the development. According to the report “McDermott has been chosen as the preferred contractor by the Qatari state giant for carrying out work on […]
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Six killed in Pakistan’s oil and gas plant attack
Islamist militants stormed natural gas and oil production facilities in northwest Pakistan on Tuesday, killing four police and two private guards, Reuters reported, citing police and the operator. The attack by up to 50 militants took place at facilities run by MOL Pakistan Oil and Gas Company, a unit of Hungary’s MOL, in Hangu district […]
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ACWA Power submits lowest tariff for major Dubai desalination plant
ACWA Power has submitted the lowest water levelized tariff of $0.389 per cubic meter for the Hassyan Sea Water Reverse Osmosis (SWRO) Plant in Dubai. The company submitted a Base Proposal of 120 Million Gallons per Day (MIGD) $0.365 per cubic meter for the Alternative Proposal of 180 MIGD for the plant. The project is […]
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BP awards multi-million contract for subsea well development project
BP has awarded a multi-million subsea riser contract to UK-based Aquaterra Energy, a leader in global offshore engineering solutions, for a subsea well development project located in Trinidad and Tobago. According to the contract, Aquaterra Energy will provide a complete end-to-end managed service as a fully independent riser system and connector OEM. The contract will […]
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UAE 2023 economic growth to suffer due to oil output decline: Report
The UAE’s economic growth prospects for 2023 face key obstacles, including a decline in oil output resulting from OPEC-agreed production cuts, a slowdown in the non-oil sector due to higher interest rates, and subdued external demand, a new report from GlobalData shows. The real GDP of the UAE is forecast to expand at a slower […]
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