After a turbulent year, the oil and gas industry is proving resilient amid uncertainty
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Posted inNews
Top 5 oil and gas contracts in the Middle East: December 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
Posted inExploration & Production
Indonesia awards offshore blocks to ramp up gas production
Indonesia has awarded two oil and gas exploration blocks to domestic firms as it seeks to increase gas production to meet growing energy demand, Reuters reported, citing the energy ministry’s director general of oil and gas. The Paus working area in offshore East Natuna, with an estimated 2.5 trillion cubic feet of gas, was awarded […]
Posted inPeople
‘Strong pipeline of projects’: Halliburton’s MENA head discusses continued growth in the Middle East
Lance Loeffler, SVP of Halliburton’s MENA region, says the company has “a direct line of sight to substantial activity growth and a strong pipeline of projects” in the Middle East
Posted inNews
From World Cup’s real winner to Petrofac’s contracts outlook, here are the top stories of the week
Most of us are already in the year-end holiday mood, ready to unwind after a busy year. For the oil and gas sector, 2022 has been an eventful and challenging year, but things don’t seem to be slowing down. In case you missed the action, here are the top five stories of the week: 1. Petrofac […]
Posted inNews, Upstream
QatarEnergy renews development contract for Al-Karkara offshore field
Under the new agreement, Japan’s Qatar Petroleum Development Co will continue to act as the operator of the oil fields
Posted inExploration & Production
Eni finds more gas offshore Cyprus
“The finding confirms the region’s bright energy potential,” the Cypriot Energy Ministry said in a statement
Posted inExploration & Production
Why gas-rich Qatar could be the real winner of the World Cup
QatarEnergy wants to focus on international expansion, and hosting the most popular sporting event on earth has put Qatar in the spotlight like never before
Posted inPeople
Petrofac partners with ENH to support localisation goals
Petrofac has formed a JV with ENH, Mozambique’s state-owned energy exploration and production company, to provide training services to local talent. Designed to support nationalisation goals across the country’s expanding energy industry, the partnership will provide training and competence management solutions for Mozambique’s domestic onshore and offshore developments, as the country continues its transformation from […]
Posted inNews
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 […]