A rig worker who was brutally killed by his colleague earlier this week on an offshore Qatari rig, has been identified as 38-year old Robert Robson from North England. “He was a loving partner, dad, son, brother and uncle who was tragically taken too soon,” Robson’s family said in a statement to the media. “He […]
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HSBC to stop financing new oil and gas projects
HSBC will stop financing new oil and gas fields as well as coal projects as part of its efforts to drive down global greenhouse gas emissions, the British financial services company has announced. HSBC said it would reject prospective oil and gas companies if more than 10% of their planned capital spending was dedicated to […]
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Oil rig worker offshore Qatar found dead after violent attack by colleague
The killer has been detained by Qatari authorities
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Oil prices fall to $80 per barrel on ‘surprise build’ in US crude stocks
Brent crude futures dropped 38 cents, or 0.5%, at $80.30 per barrel.
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World’s largest crude oil exporter reports whopping $27 billion budget surplus
Saudi Arabia recorded its first annual budget surplus in nearly a decade
Posted inExploration & Production
Petronas makes ‘significant’ oil and gas discovery offshore Malaysia
Petronas’ wholly-owned subsidiary Petronas Carigali has announced an oil and gas discovery in Block SK306 offshore Malaysia, which is located in the shallow waters of the Balingian Province off the coast of Sarawak. Drilled to a total depth of 2,468m, the Nahara-1 well encountered hydrocarbons in the Late Oligocene to Middle Miocene aged sedimentary sequences. Petronas […]
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ADNOC, Petronas sign historic agreement for unconventional oil block
ADNOC and Malaysian giant Petronas have signed a landmark agreement for Abu Dhabi’s first-ever onshore unconventional oil block covering a 2000-square kilometre concession area in the Al Dhafra region. “Petronas will hold 100% equity and operatorship to explore and appraise unconventional oil in the concession area for a period up to six years,” Petronas said […]
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Saudi Vision 2030: Oil and gas emerges as big winner
Oil and gas windfall will help fund the government’s share of investments
despite its heavy capital expenditure
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Top 5 oil and gas contracts in the Middle East: November 2022
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
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A sustainable relationship: Crypto mining and oil and gas
Why new-age bitcoin mining joined forces with the age-old fossil-fuel industry When companies drill for oil, the natural process pushes hazardous methane gas out of the ground, which, if allowed to escape, would trap heat with 80 times as much power as carbon dioxide over the next 20 years. In other word climate crisis take […]