Abu Dhabi’s energy giant ADNOC has initiated the bid process for a major oilfield expansion project involving a potential $3 billion-plus contract for its Lower Zakum offshore oilfield, Upstream reported citing people familiar with the matter. The moves comes as ADNOC prepares to ramp up its production capacity to 5 million barrels per day by […]
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Turkey announces largest-ever onshore discovery
Turkish Petroleum (TPAO) has made the largest crude oil discovery onshore Turkey with a find estimated to hold 1 billion barrels of crude, the company said. The discovery was made in the southeastern province of Sirnak, which borders the semi-autonomous Kurdistan Region in Iraq and Syria. Turkish Petroleum has drilled an exploration well and has encountered […]
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An inside look at Saudi Arabia’s push to produce cleaner oil
At the heart of an oil-rich kingdom pumping millions of crude oil per day is an ambitious vision to slash emissions and transition towards clean energy. Interestingly, the kingdom is injecting money in both. Saudi Arabia is transitioning to bridging solutions and shifting towards cleaner gas-burning instead of oil for its energy production, using gas […]
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Bahrain’s Tatweer Petroleum names Johann Pleininger as CEO
Bahrain’s Oil and Gas Holding Co (nogaholding) has appointed Johann Pleininger as Chief Executive of Tatweer Petroleum, which is responsible for all the upstream operations in the Kingdom of Bahrain. HH Shaikh Nasser bin Hamad Al Khalifa, board chairman of nogaholding, praised Pleininger’s wealth of experience and role in the energy sector, which, he said, […]
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Sinopec, TotalEnergies eyeing $10 billion investment in Aramco’s Jafurah project
Sinopec and TotalEnergies are among the companies holding talks to invest in Aramco’s Jafurah development, Bloomberg reported, citing people familiar with the matter. Saudi Arabia’s state-owned giant is seeking to exploit one of the world’s largest untapped gas fields. The Chinese and French energy giants are in separate discussions with Saudi Aramco about the plans that […]
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Middle East’s largest oil and gas discoveries: Everything you need to know
Contrary to popular belief, the first oil well in the Middle East was not discovered in Saudi Arabia. That came later. Oil was first discovered in Persia, now known as Iran, thanks to William Knox D’Arcy, a British national, who had got a 60-year concession from the Iranian government. D’Arcy funded the operation, which started in 1903, […]
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Oman eyes significant production increase from offshore Block 50
Operator of offshore Block 50 Masirah Oil Ltd says it is pressing ahead with a strategy to ramp up output from the field during 2023. Block 50, covering an area of approximately 17,000 sq km, located in Oman’s Gulf of Masirah, is 100 per cent owned by Masirah Oil Limited. Buoying hopes for an uptick […]
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QatarEnergy, Namibia team up to ‘strengthen cooperation’ in energy
QatarEnergy has signed an agreement with the Ministry of Mines and Energy of the Republic of Namibia to strengthen cooperation in the energy sector. The agreement was signed by HE Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, president and CEO of QatarEnergy, and HE Tom Alweendo, Minister of Mines & Energy of […]
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Saudi Crown Prince’s ‘special economic’ gateways to create thousands of jobs in the kingdom
Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman, has launched four new Special Economic Zones in the kingdom, which are expected to create “tens of thousands of jobs, and contribute billions of riyals” to GDP. The new Saudi zones will be focused on key growth sectors, which includes advanced manufacturing, cloud computing, medical […]
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Oman offers three oil and gas blocks in latest licensing round
Oman is offering three oil and gas concession areas, Blocks 15, 36 and 54, for investments by local and international local companies, the Ministry of Energy and Minerals said on Sunday. The offering is open between March 26 and June 25, according to the statement published on Twitter. Block 15 is located in the Sultanate […]