Oman LNG has signed an agreement with Shell to deliver the sultanate’s first carbon-neutral LNG cargo, the company announced in a series of tweets June 8.
Search results
Posted inPower List
Mario Mehren
Wintershall DEA already has strong interests in the region, and in March 2021 signed an agreement to jointly explore the East Damanhour onshore exploration block in Egypt with Cheiron and INA. The company also revealed an artificial intelligence search engine to enhance exploration efforts, allowing users to extract information from unstructured data like reports and […]
Posted inProducts & Services
Stena Drilling acquires 30% stake in digital offshore lifting technology company Intebloc
The announcement follows Stena Drilling’s early adoption of Intebloc’s Rig-Ware solution, used for managing and tracking lifting equipment
Posted inProducts & Services
Pipeline specialist STATS Group bolster Qatar base
STATS Group supplies pipeline isolation and intervention equipment to major Qatari operators
Posted inProducts & Services
China to lead global LNG regasification capacity additions by 2025
China is expected to contribute 27% of the total LNG regasification capacity additions in the period
Posted inPower List
Toufik Hakkar
Sonatrach has continued looking for partnership opportunities with international oil companies as it seeks to expand its operations and drive investment into Algeria’s upstream segment. The company recently partnered with Norway’s Equinor to examine opportunities in exploration and production, reducing greenhouse gas emissions and industrial safety management. Sonatrach is also looking to expand its presence […]
Posted inPower List
Vicki Hollub
Occidental Petroleum is considering selling its Middle Eastern assets to cut down its debt, including stakes in oil and gas fields in Oman, which could be valued at more than $1 billion. The company took on approximately $40 billion of debt when it purchased Anadarko Petroleum. The company announced a net loss of $346 million […]
Posted inPower List
Masoud Karbasian
The National Iranian Oil Company (NIOC) is ready to bounce back on the international scene after President Biden was voted in the US, and talks surrounding the Nuclear Deal resume. The company has made preparations to resume international exports, and in the meantime has awarded major packages to boost its production capacity. The country is […]
Posted inPower List
James Eastlack
Bahrain awarded $1.6 billion worth of government contracts in Q1 2021, 23% more than the previous year, led by oil and gas projects, with $767 million worth of contracts, including the major BAPCO refinery modernisation project, which is 70% complete and set to finish by the end of 2022. However, Tatweer Petroleum was the biggest […]
Posted inPower List
Darren W. Woods
ExxonMobil has been looking to divest its 32.7% stake in Iraq’s major West Qurna 1 field. Iraq sent an official request to acquire the company’s shares in the field, which are estimated to value $350 million. ExxonMobil reported Q1 2021 earnings of $2.7 billion on higher oil prices and the company’s focus on cost reductions. […]