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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Posted inNews
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 […]
Posted inNews
Saipem confirms two offshore contracts worth $900 million
Italian EPC giant Saipem has been awarded two offshore contracts worth $900 million, the company announced on Friday. The first contract has been awarded by TotalEnergies, for the LAPA Southwest (LAPA SW) Development Project, a deepwater oil field in the Santos Basin offshore Brazil. The scope of work encompasses the Engineering, Procurement, Construction, and Installation […]
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ADNOC signs deal with German firm for ammonia cracking plants
The agreement will focus on the development of projects for large-scale ammonia cracking
Posted inExploration & Production
Eni announces ‘significant’ discovery offshore Egypt
Eni announced today a significant new gas discovery at the Nargis-1 exploration well in the Eastern Mediterranean Sea offshore Egypt. The discovery can be developed leveraging the proximity to Eni’s existing facilities, the Italian major said in a press release. Nargis-1 confirms the validity of Eni’s focus on Egypt Offshore, which the company will further […]
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Saudi Arabia signs $11.4 billion industrial project contracts in Yanbu and Jubail
Saudi Arabia’s Royal Commission for Jubail and Yanbu has signed five agreements worth more than $11.4 billion for the establishment of key industrial projects in the Saudi cities of Ras Al Khair and Yanbu. The deals were signed on the sidelines of the International Mining Conference held at the King Abdulaziz International Conference Center in […]
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Aramco awards $693 million contract for desalination plant
By 2023, the plant is expected to have a power capacity of 270-320 megawatts
Posted inUpstream, People
Abraj Energy CEO on Oman’s diverse drilling landscape
In an exclusive interview with Oil & Gas Middle East, Saif Al Hamhami, CEO of Oman-based Abraj Energy Services — a fully-owned subsidiary of OQ — talks about Oman’s drilling sector, the company’s new brand identity and its planned IPO next year. Oil & Gas Middle East: With an increasing focus on higher oil and […]
Posted inExploration & Production
Top 5 offshore contracts in the Middle East 2022
Here is a list of the top 5 offshore deals secured by contractors in the Middle East
Posted inEnergy Transition
More oil or sustainability goals? Here’s what’s next for national oil companies
Although national oil companies will work on decarbonisation goals, higher investment to ramp up oil and gas production will take centre stage for national oil companies.