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Posted inEnergy Transition

Exclusive Q&A: Engineering the energy transition

by Carla Sertin

Rachel Clingman, McDermott’s Executive Vice President of Sustainability and Governance at McDermott, answers our questions about engineering the energy transition

What are McDermott’s priorities in relation to the energy transition?We have a number of priorities based on the belief that multiple avenues will be needed to decarbonize capital infrastructure at scale and at the pace required while maintaining accessibility and affordability. We are actively partnering with clients and other innovators in five areas where we […]

Posted inEvents

Cybersecurity webinar: How to prepare for Shadow OT

by Carla Sertin

On 17 October we will gather experts to shine a light on Shadow OT and oil and gas cyberseccurity

Operational technology is increasingly coming into the cybersecurity spotlight, with OT and IT converging, it could represent a major risk for oil and gas companies with thousands and thousands of physical assets, many of which are connected. Many of those assets are back of mind, like old equipment still in the field, routers, and assets […]

Posted inEvents, The Middle East Energy Awards

Nomination deadline extended for Middle East Energy Awards

by Carla Sertin

Nominations will remain open until 14 October!

Nominations for the Middle East Energy Awards will remain open until 14 October, a one-week extension from the original deadline. As nominations have poured in across our categories, and by popular demand, we are allowing a bit more time for the industry to gather information and write out their nominations. Don’t wait, get your nominations […]

Posted inEvents, The Middle East Energy Awards

Nominate yourself for the OFS Company of the Year at the Middle East Energy Awards

by Carla Sertin

Nominations will close on 14 October!

The Middle East Energy Awards are set to take place on 24 November in the UAE as a physical event. We’ve been overwhelmed by the positive response from the industry, with nominations pouring in, and so we’re giving everyone another week to get their nominations in. Nominations will close on 14 October. The awards event […]

Posted inExploration & Production

OPEC+ meeting outcome drives new price rally

by Carla Sertin

It’s that day of the month again and there is so much to take in from the OPEC+ meeting, as prices are rising on its outcome

Most markets participants were expecting OPEC+ to stick to the plan but – amid high prices and a tight supply environment – it appears traders have been cautious, pricing in an element of surprise before the meeting. The decision by OPEC+ to add the expected 400,000 bpd in November triggered a market reaction, as traders […]

Posted inEnergy Transition

Climate change discussions rise as US firms take action: GlobalData

by Carla Sertin

Climate change was mentioned more than 210,000 times in GlobalData's Filing Analytics database for 2020 and 2021

Climate policy is a hot topic in the oil & gas (O&G) industry, with the theme ‘Climate Change’ mentioned over 210,000 times in GloblaData’s Filing Analytics database of global O&G company filings in 2020 and 2021 combined – a 41% increase from the 2018-2019 period. The leading data and analytics company says that climate change […]

Posted inDRILLING & PRODUCTION, Exploration & Production

ADNOC Drilling begins trading on ADX with $10 billion market cap

by Carla Sertin

ADNOC Drilling is now trading on the ADX, with a market capitalisation of $10 billion. This initial public offering (IPO) will raise over $1.1 billion, making the ADNOC Drilling IPO the largest-ever ADX listing to date and will also be the first issuance on the newly inaugurated ADX premises. This important milestone will bolster the […]

Posted inExploration & Production, DRILLING & PRODUCTION

Unprecedented high gas price: security of global supply at risk?

by GECF Analysis

Gas prices are hitting new highs, but could impact supply globally

On Tuesday, 28 September, the price for gas in the European market broke the $1,000 per 1,000 cubic metres barrier for the first time ever. The price for October future at the TTF Hub reached $1,031 per 1,000 cubic metres. Several factors are perpetuating the unprecedented spike in the European continent: growing gas demand amidst […]

Posted inNews

ENOC Group and Tashkeel “Reimagine Energy” through public art at Expo 2020

by Carla Sertin

Wissam Shawkat, award-winning calligrapher, artist and designer used the balustrade of House 3 to connect visitors to ENOC's theme

ENOC, the Official Integrated Energy Partner of Expo 2020 Dubai, has joined hands with Tashkeel, the Dubai-based multidisciplinary art and design organisation, to manifest the Group’s participation theme ‘Reimagine Energy’ in art that speaks to the World’s Greatest Show’s visitors. This collaboration saw two leading artists, Wissam Shawkat and eL Seed, create breathtaking public artworks […]

Posted inExploration & Production

QP to supply 3.5 MTPA of LNG to China for 15 years

by Carla Sertin

As of August 2021, Qatar has delivered a total of 715 LNG cargoes to China

Qatar Petroleum entered into a long-term sale and purchase agreement (SPA) with CNOOC Gas and Power Trading & Marketing Limited, a subsidiary of China National Offshore Oil Corporation (CNOOC), for the supply of 3.5 million tons per annum (MTPA) of LNG over a 15-year period starting January 2022. The SPA was signed during a virtual […]