ADNOC signed an agreement with Austria’s OMV on October 27 to explore a partnership for the supply of LNG. According to the MoU, ADNOC will look to supply one LNG cargo to OMV for the winter season of 2023-24. Austria has been looking for alternative sources of natural gas since Russia’s invasion of Ukraine. “We […]
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Posted inUncategorized
Top 25 OFS Companies 2022
Revealing the top 25 OFS players in the Middle East region
Posted inNews
US-Saudi relation isn’t ‘high school romance,’ White House says
A top White House official commented on Saudi energy minister’s recent statement that the kingdom was the more “mature” partner in a relationship roiled by an ongoing spat over OPEC cuts. “It’s not like some high school romance here,” said John Kirby, the communications coordinator at the US National Security Council, when asked about a comment […]
Posted inEnergy Transition
Aramco announces $ 1.5 billion sustainability fund to support energy transition
Aramco announced the creation of a $1.5 billion sustainability fund to invest in technology that can support a stable and inclusive energy transition. It was unveiled at the sixth edition of the Future Investment Initiative (FII) and is among the largest sustainability-focused venture capital funds globally. Managed by Aramco Ventures, the venture capital arm of […]
Posted inADIPEC
ADIPEC: Algeria’s ALNAFT to launch SLB’s digital platform
At the ADIPEC this year, the Algerian national agency for the development of hydrocarbon resources ALNAFT will launch Exalt, a fully integrated digital platform developed by SLB, enabling global remote access to Algerian subsurface data and “evergreening” products. According to ALNAFT, this marks an “unprecedented opportunity” for Algeria’s energy market, for investors to explore new […]
Posted inExploration & Production
China’s COSL secures $1.9 billion offshore contracts from Middle East company
China Oilfield Services Ltd (COSL) has has signed several long-term drilling rig service contracts with a “first-class international oil company in the Middle East,” with a total contract amount of approximately $1.9 billion, the company said. The contract marks “deepening cooperation between the company and international oil companies in various fields of oilfield exploration and […]
Posted inEnergy Transition, News
How McDermott is turning sustainable solutions into action
In an exclusive interview, Oil & Gas Middle East spoke to McDermott’s Sustainability Leads – Olof Arnman and Sabrina Rajan
Posted inNews
Service giant Schlumberger rebrands itself as SLB
The rebranding underscores the company’s vision for a decarbonised energy future
Posted inNews
Q&A: NPCC CEO discusses EPC activity, energy transition
Oil & Gas Middle East spoke to the head of NPCC about the company’s ongoing projects and growth plans
Posted inExploration & Production
India’s Reliance Industries to restructure EPC business
The realigned EPC resources will further strengthen the company’s EPC delivery capabilities, the firm said