The Industrialization and Energy Service Company (TAQA) announced today the closure of its 100% acquisition of Al Mansoori Petroleum Services, expanding TAQA’s Well Solutions business internationally. In September 2022, TAQA said Al Mansoori would add complementary products and services to TAQA’s portfolio, including early production facilities, well testing, slickline, marine stimulation vessels, multi-purpose service vessels, […]
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Aramco signs $7.2 billion agreements at IKTVA forum
Aramco has signed over 100 agreements and MoU’s, valued at around $7.2 billion at the 7thedition of the In-Kingdom Total Value Add (IKTVA) Forum and Exhibition. The forum, which runs from January 30 to February 2 in Dhahran, is held under the theme of ‘Accelerating Future Success’. At the event, the Saudi giant also announced […]
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TotalEnergies wants offshore Lebanon work to begin ‘as soon as possible’
TotalEnergies is keen to begin work on Lebanon’s offshore Block 9 “as soon as possible”, with assessments to begin early next month and well-drilling to launch in Q3 2023, Reuters reported, citing the French major’s CEO Patrick Pouyanne. Pouyanne said a vessel would arrive in Lebanese waters on Feb. 6 to carry out an environmental […]
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Eni launches $8 billion gas project in Libya
Eni and National Oil Corporation of Libya (NOC) have launched the development of Structures A&E, an $8 billion project aimed at increasing gas production to supply the Libyan domestic market as well as to ensure export to Europe. Structures A&E is the first major project in the country since the early 2000. It consists of […]
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QatarEnergy to join Eni, TotalEnergies in Lebanon offshore exploration
“This will be a major positive development,” Lebanon’s energy minister said.
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Oman’s OQ to inaugurate Bisat oil field
Bisat oil field is one of the most important projects of OQ Group’s upstream sector
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Qatar to buy stake in TotalEnergies’ $27 billion projects
QatarEnergy is reportedly in talks to buy a stake from French multi-energy company TotalEnergies’ $27 billion cluster of energy projects in Iraq, Reuters reported, citing sources. “QatarEnergy is looking to acquire a stake of around 30% in the project, one source said,” Reuters noted. An investment from Qatar is expected to contribute an important victory […]
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