The growing demand for energy transition materials comes at a key time for Saudi Arabia, as it undergoes the most significant economic transformation in its history
Exploration & Production
Posted inProducts & Services, Exploration & Production, People
The autonomous and digital future of offshore environments: Fugro
Industry experts from Fugro analyse what the future holds for offshore energy fields, and how it can embrace and prepare itself for an autonomous and digital future
Posted inExploration & Production, News
NOC awards Qatar’s largest offshore oil field FEED contract to McDermott
The scope of the contract awarded by NOC comprises developing FEED studies and deliverables suitable for an EPCIC project
Posted inNews
Mubadala Petroleum reaches massive milestone of 500,000 barrels of oil equivalent a day
Mubadala Petroleum jumped to a 22% increase in production – compared to 2021.
Posted inNews, Downstream
Sadara’s EO/PP pipelines begin supplies to Saudi Arabia’s 12sqkm PlasChem Park
Sadara’s EO/PO pipeline transportation system is the first of its kind in the Middle East and North Africa region
Posted inNews
O&G industry’s M&A deal activity declined by 41% in terms of value in Q1 2022
GlobalData report noted that the decline was observed across most regions except China, where the M&A deal value in Q1 2022 more than doubled compared to Q4 2021
Posted inExploration & Production, News, Products & Services
NESR wins $300mn fracturing contract in Saudi Arabia
The contract is for a period of three years and can be extended up to another two years
Posted inExploration & Production
Oil flat, waiting for OPEC+ to show the way forward
Oil prices are largely unchanged today so far, as the market is waiting to see how the OPEC+ meeting will unfold before paving a new price direction
There was no lack of oil price swings last week, but the market is taking no risks before today’s OPEC+ meeting, waiting to see what the alliance plans for November before disturbing the price nirvana. Prices are staying largely flat as OPEC+ has the full attention of the oil market. What will shape prices going […]
Posted inEnergy Transition
Seismic vessel utilization recovers to pre-Covid-19 level as market embraces energy transition jobs
Seismic vessels are being used for hydrocarbon exploration in addition to energy transition initiatives including carbon capture and storage, offshore wind, and geothermal
The Covid-19 pandemic has been devastating for the seismic industry for several quarters, keeping nearly half of its global fleet inactive – until recently. A Rystad Energy report shows that the seismic fleet’s hibernation is now over, as vessel utilization has recovered to pre-Covid-19 levels in the third quarter of 2021. About 68% of the […]
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