Dubai-headquartered Shelf Drilling has 33 rigs in nine countries, including the UAE, Bahrain, Saudi Arabia, Egypt, and Tunisia, among other countries. It is a specialised jack-up drilling contractor, making its debut on our list.
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NESR
National Energy Services Reunited recently won multiple contracts from Petroleum Development Oman worts more than $1 billion in total. The company also acquired Egypt’s SAPESCO, as it seeks to expand its presence in the MENA region.
ADES
ADES International recently won contracts in Saudi Arabia and in Egypt. In the latter country, ADES will establish an early production deck floor and topside facilities as well as a jack-up barge charter. ADES says this highlights its innovative solutions.
Gas will play key role in energy’s future: GECF
A ministerial meeting of GECF assessed the current dynamics of the natural gas industry, as well as its future
COVID-19 could force constrained Eastern Mediterranean gas production until 2023, says GlobalData
The report notes that production out of mega fields like Zohr are constrained due to diminished demand
Dana Gas signs $90 million credit facility with Mashreq Bank
The one-year facility is priced at an initial 3% per annum margin over LIBOR
Planned gas investments in MENA jump by 29% compared to last year : APICORP
The impact of COVID-19 will accelerate the industrial share of domestic gas demand and petrochemicals demand in MENA
Global offshore oil and gas pipeline demand set for 26% drop in 2020, but recovery will be swift
Middle Eastern projects are likely to propel demand to almost pre-Covid-19 levels already from 2022 and push it even higher from 2023
Eni makes gas discovery in Mediterranean Sea
The discovery was in the Great Nooros Area, Eni’s latest development in Egypt
Q&A: APICORP chief economist on the next five years for energy
Dr. Leila Benali, chief economist at APICORP, on the region’s energy investment outlook, and why gas will see strong investments in the next five years.