Despite vast oil reserves, production could be hindered by pipeline attacks and new oil law.
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UAE, Saudi, Oman: Top 5 oil and gas project launches to watch out for
Despite increasing calls from climate activists, the Middle East is expected to commence over 600 projects between 2023 and 2027, according to data from GlobalData Energy. Out of these, upstream projects would be 81, midstream would be 141, the refinery at 84, and petrochemicals would be the highest with 315 projects. Here is a list […]
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Jordan’s Risha gas compression project to begin operations this year: Minister
Jordan’s gas compression plant (Jordan chlorine) that is currently under construction in the Risha area, will complete installation of gas units in two months and will be commercially operational by the end of this year, the Jordan Times reported, citing Jordan’s Minister of Energy and Mineral Resources Saleh Kharabsheh. The gas plant, which is one […]
Posted inNews, Upstream
UAE’s Dana Gas eyes $100 million investment to drill new wells in Egypt
Dana Gas, a prominent UAE-based company, is set to commence drilling operations on 11 new wells in Egypt this year with an investment of around $100 million, a senior company official has revealed. The investment is expected to contribute approximately 80 billion cubic feet of reserves and production, said Mohammed Mubaideen, the company’s head of […]
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Shell awards contract to Worley for major global projects
Shell has awarded Worley an enterprise framework agreement (EFA) to support Shell’s projects worldwide. Worley announced in a statement that the EFA will be effective for three years, with options for two additional one-year extensions. The agreement encompasses a wide range of services, including engineering, procurement, and integrated project management, for all of Shell’s businesses. […]
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India’s oil import from the Middle East at 22 year low
India’s oil imports from the Middle East fell to a 22 years low as the world’s third largest importer of crude ramp up purchases from Russia, according to a news report by Reuters. Following the escalation of Russia-Ukraine conflict, India has been continuously increasing import of crude from the Europe’s largest energy producer. Russia rose […]
Posted inPeople
Schneider Electric appoints Hady Stephan as VP of Gulf region’s power systems
Schneider Electric has appointed Hady Stephan as the Vice President of Power Systems for the Gulf region. Stephan’s mandate will be to drive growth in key countries in the Middle East and Africa, including the United Arab Emirates, Qatar, Bahrain, Kuwait, and Oman, according to a press release. As the head of Schneider Electric’s Power […]
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Turkey announces largest-ever onshore discovery
Turkish Petroleum (TPAO) has made the largest crude oil discovery onshore Turkey with a find estimated to hold 1 billion barrels of crude, the company said. The discovery was made in the southeastern province of Sirnak, which borders the semi-autonomous Kurdistan Region in Iraq and Syria. Turkish Petroleum has drilled an exploration well and has encountered […]
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Middle East’s largest oil and gas discoveries: Everything you need to know
Contrary to popular belief, the first oil well in the Middle East was not discovered in Saudi Arabia. That came later. Oil was first discovered in Persia, now known as Iran, thanks to William Knox D’Arcy, a British national, who had got a 60-year concession from the Iranian government. D’Arcy funded the operation, which started in 1903, […]
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Technip Energies COO reveals major projects, trends in the Middle East
In an exclusive interview with Oil & Gas Middle East, Marco Villa, COO of Technip Energies, discusses the company’s key projects, role of technology to address decarbonisation, and the need for collaboration to accelerate the energy transition. What are Technip Energies’ ongoing projects and what’s in the pipeline? We have a long-standing presence in the […]