Wael Sawan created history when he took office as Shell’s first CEO of Middle East origin earlier this year. And he wants to leverage his affiliation with the region to strengthen relationships with the Middle East nations. “My vision here is one of continued investment,” Sawan told Oil & Gas Middle East in an exclusive […]
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Oil prices rise after OPEC shocks market with output cut announcement
Oil prices spiked on Monday after OPEC+ announced they would cut production by about 1.16 million barrels per day — a surprise move, which could trigger global inflation. Brent crude, the global benchmark, jumped 4.8% to $83.73 a barrel, while WTI, the US benchmark, rose 4.9% to $79.36. On Sunday, Saudi Arabia announced that it […]
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NESR secures well testing contract from Aramco
National Energy Services Reunited Corp (NESR) announced that it has been awarded a long-form well testing contract from Saudi Aramco. This contract is expanding well testing services provided to Aramco on various applications with the latest technology deployed by NESR in Saudi, the statement mentioned. Earlier this year, NESR was awarded a nine-year, wireline services […]
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Top 5 oil and gas contracts in the Middle East: February 2023
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
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Oil & Gas Middle East Awards 2023: Shortlist revealed for all categories
The Oil & Gas Middle East Awards 2023 will be held on March 2 at the Grosvenor House, Dubai
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Qatar to buy stake in TotalEnergies’ $27 billion projects
QatarEnergy is reportedly in talks to buy a stake from French multi-energy company TotalEnergies’ $27 billion cluster of energy projects in Iraq, Reuters reported, citing sources. “QatarEnergy is looking to acquire a stake of around 30% in the project, one source said,” Reuters noted. An investment from Qatar is expected to contribute an important victory […]
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SLB reports nearly $1 billion profit; double digit revenue growth in the Middle East
Oilfield services giant SLB, formerly Schlumberger, has reported strong quarterly profits with increase in revenue across all divisions and geographical areas, especially in the Middle East. The company reported net profits of $1.07 billion in the fourth quarter of 2022, up 77% from a net income of $601 million in the same period a year […]
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NESR secures wireline platform contract in Saudi Arabia
Within the expanded scope of the contract, NESR will provide advanced cased-hole and perforation services
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Crescent Petroleum CEO on powering a lower-carbon future
Majid Jafar, CEO of Crescent Petroleum, talks about the family-owned business, pioneering natural gas supply in the region and attaining carbon neutrality, all while thriving as a private company based in Sharjah
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National oil companies expected to announce more projects driven by expansion plans
The Middle East is home to some of the world’s largest conventional onshore and offshore oil and gas fields. The most prominent fields in the region include Ghawar and the Safaniya oil fields in Saudi Arabia, the Burgan oil field in Kuwait, the Rumaila oil fields in Iraq. According to APIOCRP, MENA’s five-year energy investment […]