Innovation is essential for growth, and companies constantly search for ways to address inherent business challenges. The oil and gas industry is increasingly recognising the need to integrate sustainability into its operations, which includes managing its environmental footprint, promoting resource efficiency, and driving cost savings. The industry is leveraging innovative approaches to enhance operations, reduce […]
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Northern Offshore wins drilling extension from Qatargas
Northern Offshore, a drilling contractor based in Houston, has secured extensions for three of its high-spec jack-up rigs, allowing them to continue operating for Qatargas for an additional period of up to three years, according to a media report. The rigs, namely Energy Enticer, Energy Edge, and Energy Embracer, will continue their work at Qatargas’ […]
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Aramco awards major EPC contract for offshore Marjan field
Italian contracting giant Saipem has secured a significant EPCI contract from Aramco for phase 3 expansion of the Marjan gas field, according to a report by DMS projects. The project scope involves EPCI of five gas lift platforms, demolition of existing structures as well as gas oil separation plant upgrades. Top contractors including McDermott and […]
UAE to generate 6% of its power from nuclear energy
The UAE is the first country in the Middle East and North Africa region to actively utilise nuclear energy, following Iran and Israel
Egypt seeks stake sale in $6.5 billion Siemens power stations
Selling stakes in the power stations is subject to the approval of German banks
India’s oil import from the Middle East at 22 year low
India’s oil imports from the Middle East fell to a 22 years low as the world’s third largest importer of crude ramp up purchases from Russia, according to a news report by Reuters. Following the escalation of Russia-Ukraine conflict, India has been continuously increasing import of crude from the Europe’s largest energy producer. Russia rose […]
UAE-Oman-India $5 billion undersea pipeline proposed
Project can lead to an annual saving of around $945 million in comparison to importing similar amounts of liquefied natural gas