Prince Abdulaziz said that cooperation between China and the kingdom has helped maintain global oil market stability
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Posted inNews
Emirati, Saudi CEOs optimistic about 2023 despite global recession fears
More than half of Saudi and Emirati CEOs are optimistic about the economy, a new report finds
Posted inNews
Offsetting carbon, the Halal way
Nicolas Thévenot, managing director of corporate banking at APICORP, discusses the company’s $75 million Shariah-compliant facility for voluntary carbon offsets
Posted inNews
ADNOC signs $272 million catering agreements
ADNOC signed contracts today worth over $272 million (AED 1 billion) with four Abu Dhabi companies to provide food catering services to all ADNOC Group companies for the next five years. The contracts were signed on the sidelines of the inaugural Abu Dhabi International Food Exhibition. More than 50% of the value from the four […]
Posted inDRILLING & PRODUCTION
Saipem to purchase $230 million drillship amid growing energy demand
Italian EPC giant Saipem has decided to purchase the Santorini ultra-deepwater drillship from South Korea’s Samsung Heavy Industries to strengthen its offshore drilling fleet amid growing demand for oil and gas, the company said on Monday. In June 2021, Saipem entered into a two-year contract with the South Korean shipyard, which included an option to buy the Santorini drillship. […]
Posted inPeople
Mubadala’s head of investments to join ADNOC’s low carbon business
ADNOC’s new unit will focus on low carbon solutions, including the company’s renewable energy and hydrogen portfolios
Posted inNews
Aramco receives bids from EPC contractors for giant offshore expansion
Saudi oil giant Aramco has received bids from its pool of long-term agreement (LTA) contractors for the Manifa offshore development expansion, data from DMS Projects shows. The Saudi energy giant’s expansion project, which is scheduled to be completed by 2025, aims to increase the output capacity of key offshore hydrocarbons installations in the kingdom, and […]
Posted inNews, Exploration & Production
NPCC taps STATS Group for ‘world’s largest’ diameter subsea pipeline intervention project
The scope of work includes hot tapping and double block and bleed isolation of multiple pipelines
Posted inNews
How Honeywell is transforming energy businesses with technology
In an exclusive interview with Oil & Gas Middle East, Kevin Dehoff, President and CEO of Honeywell Connected Enterprise and George Bou Mitri, vice president and general manager of Honeywell Performance Materials and Technologies, MENA, discuss how the company is leveraging technology in overcoming challenges faced by the energy sector. Designed to support the sustainability […]
Posted inNews, People
Forging ahead: McDermott’s SVP shares his bold vision
Mike Sutherland talks about the company’s 50+ years of relationship with the UAE, and his strategic priorities as the newly-appointed senior vice president for Offshore Middle East at McDermott International