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Posted inEnergy Transition

Mubadala and Eni sign MoU for energy transition initiatives

by Carla Sertin

The scope of the cooperation covers potential joint opportunities in the Middle East, North Africa, South East Asia, Europe and other regions

Mubadala Petroleum and Eni signed a Memorandum of Understanding (MoU) aimed at identifying cooperation opportunities in the energy transition sector, including the fields of hydrogen and carbon capture, utilization and storage, that align with their respective decarbonization targets. The scope of the cooperation covers potential joint opportunities in the Middle East, North Africa, South East […]

Posted inDRILLING & PRODUCTION

ADNOC Drilling to float on Abu Dhabi Securities Exchange

by Carla Sertin

The company will list 7.5% of ADNOC Drilling's issued share capital

ADNOC Drilling is planning an initial public offering (IPO) and to list its shares for trading on the ADX. 7.5% of ADNOC Drilling’s issued share capital will be included in the offering to individuals and other investors in the UAE and to ADNOC Group Companies employees and ADNOC Group UAE National Retirees as part of […]

Posted inExploration & Production

Forecast: Hurricane Ida’s impact on US gas markets

by Emily McClain, Senior Gas Market Analyst

Concerns over the effect the storm on US gas markets grew last week, but have since dissipated as preliminary data suggests minimal impact on supply, including feedgas to liquefied natural gas (LNG) terminals, and on demand for natural gas for power generation. We forecast LNG export volumes to remain strong and anticipate no shut-ins or […]

Posted inProducts & Services

Kuwait’s KNPC partners with VMware for digital transformation

by Carla Sertin

The partners will deploy a private cloud and hyperconverged infrastructure to boost agility and security

Kuwait National Petroleum Company (KNPC) has taken its digital transformation to the next level with VMware. “By embracing a cloud-first approach with VMware, KNPC has boosted its agility, efficiency, and security to set in motion a new era of digital transformation,” said KNPC spokesperson and Deputy CEO for Admin. & Commercial Affairs, Ahed Al-Khurayif. “The […]

Posted inExploration & Production

Eni announces major offshore discovery in Ivory Coast

by Carla Sertin

The block is operated by Eni with Petroci Holding, who hold 90% and 10% respectively in the exploration phase

Eni announces a major oil discovery in block CI-101 offshore Ivory Coast. The block is operated by Eni with Petroci Holding, who hold 90% and 10% respectively in the exploration phase.   The offshore discovery well has been drilled on the Baleine prospect, with the support of the Government in the difficult context of the pandemic-covid-19. […]

Posted inEnergy Transition

Blue hydrogen to account for 85% of low-carbon hydrogen capacity in North America by 2030

by Carla Sertin

North America’s transition has been driven by blue hydrogen

Hydrogen markets are taking off around the world, and GlobalData expects low-carbon hydrogen production in North America to nearly triple by 2030, reaching 1.4 million tons per annum (mtpa). GlobalData notes that North America’s transition has been driven by blue hydrogen, which is expected to make up 85% of low-carbon hydrogen capacity by 2030. According […]

Posted inExploration & Production, Exploration

ADNOC awards offshore exploration block to Pakistan-led consortium

by Carla Sertin

Pakistan Petroleum Limited led consortium awarded concession for Offshore Block 5 and will invest $304.7 million (AED1.12 billion) during the exploration phase

The Abu Dhabi National Oil Company (ADNOC) announced today, the signing of a historic exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 5 to a consortium of four Pakistani companies – Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), Oil and Gas Development Company Limited (OGDCL), and Government Holdings (Private) […]

Posted inProducts & Services

Expro completes first subsea abandonment intervention riser project

by Carla Sertin

The well intervention scope of the P&A project, utilized Expro’s integrated Open Water Intervention Riser System for successful intervention and barrier placement on 15 wells

Expro, a leading international oilfield services company, today announced it has successfully completed an integrated Plug and Abandonment (P&A) contract valued at  more than $20 million for a subsidiary of PETRONAS, PC Mauritania 1 Pty Ltd (PCMPL), which manages offshore operations in Mauritania, West Africa. The well intervention scope of the P&A project, utilized Expro’s […]

Posted inExploration & Production

How to maximise the value of a connected vessel

by Steffen Zendler, Heavy Industry Strategy & Marketing Manager, Rockwell Automation

A connected floating production vessel can offer unique benefits at various stages of the production lifecycle

It’s been more than 40 years since the first ever oil floating production storage and offloading (FPSO) vessel was deployed in the Spanish Mediterranean. Since then, this method of oil and gas production has flourished; there are currently more than 270 vessels in operation worldwide, and that number is projected to expand by as much as 17% by […]