Northern Offshore, a drilling contractor based in Houston, has secured extensions for three of its high-spec jack-up rigs, allowing them to continue operating for Qatargas for an additional period of up to three years, according to a media report. The rigs, namely Energy Enticer, Energy Edge, and Energy Embracer, will continue their work at Qatargas’ […]
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Iran to launch $15 billion oil and gas projects this year
Iran will launch about $15 billion worth of oil and gas projects in 2023, according to the country’s oil minister Jawad Owji. All of the launched projects have had a direct impact on increasing the production capacity of the country, he added. In the last Iranian year (March 2022-23), $12 billion worth of oil, gas […]
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To gas or not to gas: The role of gas power in the changing energy landscape
The debate on renewable energy versus gas power generation is one that’s not going away anytime soon, and for good reasons. As the world becomes increasingly aware of the impact of climate change, the energy sector has been forced to rethink its strategies. The pressure to reduce greenhouse gas emissions has resulted in a shift […]
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Top 5 oil and gas contracts in the Middle East: April 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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How will ChatGPT impact oil and gas projects?
Engineers and designers are building AI-models like ChatGPT to help create virtual worlds in the metaverse to run simulations and increase productivity and efficiency metrics
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Malaysian contractor lands $50 million contract for Qatar’s giant gas field
Malaysia’s Ranhill Utilities has confirmed that its joint venture with global engineering major Worley has been awarded an engineering contract for work on giant offshore compression facilities for Qatar’s North Field Production Sustainability (NFPS) project. The contract worth approximately $50 million from a subsidiary of Italy’s Saipem includes engineering design work, which is expected to […]
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Revealed: Top 5 oil and gas contracts in March 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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ADNOC’s logistics arm expands fleet by deploying five large gas carriers
ADNOC Logistics & Services, the shipping and logistics arm of ADNOC, announced today the deployment of five new-build Very Large Gas Carriers (VLGC). The gas carriers were built at Jiangnan Shipyard in Shanghai, China, and will be owned and operated by AW Shipping, an ADNOC L&S joint venture with Wanhua Chemical Group. As natural gas […]
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Aramco targets $55 billion investments; eyes increased oil and gas production
Aramco, the world’s most profitable energy company forecast its capital expenditure for 2023 between $45 to $55 billion in its largest spending exercise to date as it looks to increase its output capacity to 13 million b/d by 2027, the Saudi giant said in its full year financial results on March 12. Aramco continues to […]
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Top 10 risks facing the oil and gas sector
Amid uncertainty and potential volatility coupled with rising and diminishing consumer demand, price fluctuations, and geopolitical tensions, here are the top ten risks faced by the oil and gas industry