Sharjah National Oil Company, often overshadowed by Abu Dhabi counterpart ADNOC, awarded Eni three exploration concessions in its first international licensing round. In a January 2019 interview, SNOC CEO Hatem El Mosa said more bid rounds are on the horizon for the company.
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Posted inPower List
Bijan Mossavar Rahmani
RAK Petroleum holds a 40.45% interest in DNO, which is focused on exploration and production in Iraq and Oman. The Oslo-listed company, originally founded in UAE emirate Ras Al Khaimah, noted DNO’s divestment of Tunisian interests as if focuses on core business areas in the Middle East.
Posted inPower List
Walid Nasr
Lebanon is far from the centre of the region’s oil and gas industry, but the discovery of large reserves in the Eastern Mediterranean may change the fate of this gas-starved nation. Two exploration blocks were awarded in 2017, and it is in the midst of a second licensing round.
Posted inDRILLING & PRODUCTION
ADNOC Drilling completes first integrated drilling services well
ADNOC plans to grow its conventional drilling activity by 40% by 2025 and substantially ramp up the number of its unconventional wells, as it targets 4mn barrels of oil production capacity per day by the end of 2020 and 5mn by 2030
Posted inExploration
Eni makes new gas discovery in Nour prospect offshore Egypt
The company is active in Egypt through subsidiary Ieoc
Posted inExploration
Saudi Arabia discovers large quantities of gas in Red Sea
Saudi Aramco has made a strong push towards growing its gas portfolio
Posted inExploration
ADNOC signs framework agreements with South Korean energy companies
Three agreements cover upstream, downstream and bunkering opportunities for both crude oil and LNG
Posted inDRILLING & PRODUCTION
Shell and Oman oil & gas ministry sign funding agreement for 2019 gas development
The project aims to integrate the Shell and OOC share of the upstream project with the development of a gas-to-liquids plant currently under discussion
Posted inDRILLING & PRODUCTION
ADNOC gets AA+ standalone credit rating by Fitch
ADNOC undertook this ratings exercise as part of its new approach to expand its partner and investor universe, as well as more actively manage its assets and capital.
Posted inDRILLING & PRODUCTION
Saudi Aramco makes short-term output cuts, plans long-term global growth
Even as it reins in its production following the December 2018 OPEC+ decision to cut output, Saudi Arabia is looking to expand its exploration and production globally