Any deal would be a rare occasion where Saudi Aramco invites foreign investors into its upstream projects
Saudi Aramco is reportedly considering opening up the Jafurah unconventional gas field to foreign investors, according to anonymous sources cited by Bloomberg News. The company is planning to fund a $110 billion project which aims to diversify it away from oil sales. The anonymous sources noted that Saudi Aramco is working with an advisor to […]
NOC Chairman Mustafa Sanalla called on the government to provide 'special care and attention' to the national oil company, which has been impacted multiple times by unrest in the nation
Libya’s National Oil Corporation (NOC) has resumed crude exports in the Esidra and Ras Lanuf after a 24 hour shutdown starting on Thursday. While it delayed shipping, NOC Libya noted that “production from all fields was not reduced.” With production resumed, NOC Chairman Mustafa Sanalla said that “we will never be satisfied with the politicisation […]
CCS will play an important role in decarbonising LNG, but the pace of progress remains too slow
In the push for net zero, carbon capture is a critical piece of the jigsaw. Numerous carbon capture and storage (CCS) projects are now moving forwards around the world, aimed at significantly reducing the carbon emissions of not only oil and gas assets, but also those from power generation and difficult-to-decarbonise industrial sectors such as […]
Total project cost of $630 million to increase production capacity by 50% to 690 million scf/day from April 2023
Pearl Petroleum Company Limited, the consortium led by Dana Gas and Crescent Petroleum of the UAE, has signed a $250 million financing agreement with the U.S. International Development Finance Corporation (DFC) to support the gas expansion works currently under way at the Khor Mor gas plant in the Kurdistan Region of Iraq (KRI). DFC is […]
Partnership would leverage digital transformation to support Saudi Arabia’s Energy Transition and expand its knowledge economy
Aramco, one of the world’s largest integrated energy and chemicals companies, and AVEVA, a global leader in industrial software, driving digital transformation and sustainability, have today announced their intention to form a strategic alliance. Focused on driving sustainability in the region through digital transformation, the partnership will help enable AVEVA to establish their largest digital […]
Organisations from across the energy industry, including OPEC and the GECF, held a roundtable to address their role in taking climate action
The Gas Exporting Countries Forum (GECF), the global platform of the leading gas producing countries, on Monday joined OPEC, non-OPEC, and a plethora of other international energy organisations to present a unified front on the advancement of natural gas as part of a balanced energy solution to achieve sustainable development goals. The OPEC-hosted Ministerial Roundtable […]
Only 12.1% see digital technologies as a key driver of circular economy transformation
Recent survey by DNV and World Business Council for Sustainable Development (WBCSD) reveals that circular economy is rising on corporate agendas across geographies. Despite the growing attention in the public, among legislators and companies, the shift to ‘circular economy‘ business models that design waste out of the system seems to progress slowly. “So far, growing […]
On September 6, 2021, ADNOC announced its intention to float a 7.5% minority stake of ADNOC Drilling on the Abu Dhabi Securities Exchange
The Abu Dhabi National Oil Company (ADNOC) and its subsidiary ADNOC Drilling Company and Helmerich & Payne, Inc. (H&P), a global leader in rig technologies and drilling solutions, announced a strategic alliance that will see ADNOC Drilling acquire eight FlexRig® land rigs from H&P for $86.5 million. Following this transaction, H&P will make a $100 […]
There is no more time to delay, we have to push the energy transition forward at full speed
I’m not much of an alarmist, and I believe that change comes in waves. Still, the early-August IPCC report has stirred a sense of urgency in people across the globe and across industries. I also feel the call of that urgency, and believe that the oil and gas industry is absolutely integral to the energy […]
You could be the next big winner at the Middle East Energy Awards
The Middle East Energy Awards will return on 24 November in the UAE, and nominations are now officially open. The awards brings together industry leaders from across the energy sector to recognise excellence in the past year. Covering the upstream, downstream and utilities sector, including renewables, the awards include a wide range of categories to […]
