The UAE is the first country in the Middle East and North Africa region to actively utilise nuclear energy, following Iran and Israel
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Posted inNews
UAE-Oman-India $5 billion undersea pipeline proposed
Project can lead to an annual saving of around $945 million in comparison to importing similar amounts of liquefied natural gas
Posted inNews
Aramco announces changes in top leadership roles
Aramco has appointed Nasir K. Al-Naimi as president of its Upstream business, and Mohammed Y. Al Qahtani as president of its Downstream business, Aramco announced in a press release today. Both presidents will report along with Aramco’s executive vice presidents to the Company’s President & CEO Amin Nasser. The newly-created positions and appointments, approved by the […]
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Saipem secures $850 million offshore contracts
Saipem has been awarded two new offshore contracts worth $850 million, one for Engineering, Procurement, Construction and Installation (EPCI) project in the Black Sea and the other for decommissioning activities in the North Sea. The first contract has been awarded by Turkish Petroleum OTC for the second phase of Sakarya FEED and EPCI Project and […]
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UAE announces major tax update for residents
The UAE has announced a new ministerial decision outlining rules on who should and should not pay Corporate Tax in the country. The new rules, announced on Wednesday, 17 May 2023 confirm that business owners in the UAE will only be liable to pay Corporate Tax if the turnover from the business activity is more than AED1m […]
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Saudi Aramco’s $21 billion Marjan field project: Everything you need to know
The Marjan oil and gas field is located in the Arabian Gulf, off the eastern coast of Saudi Arabia. Owned and operated by Saudi Arabia’s state-owned oil and gas company Saudi Aramco, the offshore field is being expanded as part of the Marjan Crude Increment project. With a total budget of $21 billion, the project […]
Posted inExploration & Production, Exploration
Nigeria awards million-dollar exploration contract for onshore project
Seismic acquisition technology and solutions provider STRYDE, has been awarded a contract worth over $1 million for the supply of 10,000 seismic receiver nodes and its “Nimble” node receiver system for an onshore oil and gas project in Nigeria. STRYDE’s seismic sensor technology will be utilised on an upcoming 3D seismic survey conducted by Nigerian […]
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Kuwait eyes plan to allow expat investment
A ministerial committee in Kuwait has put forward a proposal to the Cabinet suggesting that non-Kuwaitis be allowed to own investment residential properties, as reported by the Kuwait Times. The proposal seeks to revitalise the economy and draw capital to Kuwait by creating liquidity to release mortgages and “inject these amounts into the national economy.” […]
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QatarEnergy awards $10 billion EPC contract for LNG megaproject
QatarEnergy has announced the award of a $10 billion contract for the North Field South (NFS) project to a joint venture of Technip Energies and Consolidated Contractors Company (CCC). The NFS project comprises of two LNG mega trains with a combined capacity of 16 million tons per annum (mtpa). NFS, together with the North Field […]
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Singapore receives QatarEnergy’s landmark cargo
Singapore’s Pavilion Energy has received its inaugural liquefied natural gas (LNG) shipment from Qatar accompanied by a Statement of Greenhouse Gas Emissions (SGE) at the Singapore LNG terminal. The cargo was supplied by QatarEnergy, and SGE serves as an authenticated record of the greenhouse gas emissions generated throughout the entire process of extracting and transporting […]