While expanding the pipeline’s capacity to 6.5mn barrels per day is an infrastructural improvement, it will not completely eliminate risks associated with the potential closure or limited accessibility of the Strait of Hormuz
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Posted inDRILLING & PRODUCTION
Asia leads global LNG regasification industry with 63% capacity growth from new-build projects by 2023: GlobalData
The Middle East is expected to have the second highest regasification capacity growth globally
Posted inO&G/RPME Awards
Revealed: Shortlists for all 16 categories at the 2019 Middle East Energy Awards
This year, nominations surged by 70%, representing a wider range of companies and countries than ever before
Posted inO&G/RPME Awards
Shortlist revealed: HSE Initiative of the Year at the Middle East Energy Awards 2019
These companies have made it through the first hurdle on the way to the Middle East Energy Awards
Posted inExploration
Eni and BP sign exploration and production sharing agreement onshore Oman
During the exploration phase, Eni and BP will each hold a 50% interest in the agreement for Block 77, with Eni acting as the operator
Posted inProducts & Services
Eni closes $3.24bn acquisition of 20% equity interest in ADNOC Refining
The operation, which will cost the company approximately $3.24bn, represents a 35% increase in Eni’s refining capacity
Posted inProducts & Services
Eni and UNIDO sign joint declaration for public-private cooperation on sustainable development goals
The declaration will see the pair cooperate to set up a model for private and public entities to work together to reach the UN’s sustainable development goals
Posted inProducts & Services
Terra Drone forms joint venture to provide NDT inspection in the Middle East
Terra Drone sets up joint venture with NDTCCS, the largest NDT inspection services provider in the Middle East
Posted inNews
Gulf economies remain resilient to economic slowdown despite challenges
The Gulf economies host $43.7trn in liquid assets and quasi-liquid assets, set to finance economic growth