Both conferences covered the same ground, but a conundrum sits at the heart of sustainability debate
On the face of it, COP26 in Glasgow and ADIPEC in Abu Dhabi were two very different forums. The first, a global summit to combat climate change with a strong undercurrent of environmentalist protest; the second, the biggest gathering in the world of the oil and gas firms deemed responsible by many for global warming. […]
While the US and EU launched the Global Methane Pledge, the strategic details are unclear
In an announcement made at COP26, the US and EU jointly kicked off the Global Methane Pledge, which aims to reduce methane emissions by 30% by 2030, and over 100 countries have joined the initiative; Miles Weinstein, Energy Transition Analyst at GlobalData, a leading data and analytics company, offers his view: “In total, the participating […]
NMDC counted revenue of $1.46 billion for the nine months starting January 2021
National Marine Dredging Company (NMDC) reported a significant increase in net profit of $136.4 million (AED 501 million) for the nine months from January to September 2021. The profitable third quarter performance followed the integration of NMDC and National Petroleum Construction Company (NPCC) to become a regional leader in providing integrated oil & gas and […]
It is estimated that 90% of emissions along the LNG supply chain can be mitigated with current technologies
The unique flexibility of liquefied natural gas (LNG) to deliver natural gas to all corners of the world is saving the day for both producers and consumers in the face of shortages of other energy sources, Secretary General of the Gas Exporting Countries Forum (GECF) said at the 10th edition of the LNG Producer-Consumer Conference. […]
Al Jahwari was most recently Shell’s General Manager of Operations in Egypt
Petrofac has appointed Dr Khalid Al Jahwari as Country Manager, Oman. Al Jahwari was most recently Shell’s General Manager of Operations in Egypt, having previously been Shell’s Global Production Excellence Leader, based in The Hague, Netherlands. Prior to Shell, he spent 15 years with Petroleum Development Oman (PDO), holding a number of key roles. He […]
The Oman-based land seismic acquisition company will use STRYDE’s Nimble and Compact systems to obtain better high-definition images for oil and gas exploration across several projects
Pioneering seismic technology provider STRYDE has announced an agreement with Africa Geophysical Services LLC, a land seismic data acquisition and processing company in Oman, to supply 154,000 of its nodes for projects in Oman and Africa. The deal is the largest for STRYDE in the Middle East and demonstrates the increasing preference for nodal systems […]
Over 35% of the acreage available in licensing rounds that are either open or scheduled to close in H2 2021 are located in shallow water
Over 35% of the acreage available in licensing rounds that are either open or scheduled to close in H2 2021 are located in shallow water, while ultra-deep water and deepwater acreage account for 24% and 19%, respectively, according to GlobalData, a leading data and analytics company. The company’s report, ‘H2 2021 Global Bid Round Outlook – […]
Gross profit increased by 133% to $91 million and revenue increased by 19% to $216 million
Dana Gas PJSC (the “Company”), the Middle East’s largest regional private sector natural gas company, today announced its financial results for the half year ended 30 June 2021. The Company has delivered one of its strongest half-yearly results with H1 2021 net profit of $139 million (AED 511mm) compared to a loss of $19 million […]
The GGM shows that being committed to carbon-neutral targets does not sufficiently contribute to the GHG emissions reduction, if not accompanied by feasible policies
Supplying Asia with LNG got much costlier for the US, but strong demand brings export records
