According to a police statement, early investigations suggest that the fire was caused by small flying objects “possibly belong to drones,” state-news agency WAM reported.
Three petroleum tankers exploded in the morning of Monday, January 17, in ICAD 3, Mussafah, near ADNOC’s storage tanks in Abu Dhabi, UAE. Abu Dhabi Police confirmed a fire had broken out in the morning, causing the explosion, and added that a minor fire had also broken out in the new construction area of Abu […]
The IEA forecast that global fuel consumption will decline considerably during this quarter because of pandemic-related restrictions, but it seems that the actual restrictions are not having such a grave effect on it
Global oil demand has proven to be more resilient to the effects of the Omicron variant’s spread than the International Energy Agency expected, according to its chief, Fatih Birol, who spoke to media at a virtual meeting this week. “Demand dynamics are stronger than many of the market observers had thought, mainly due to the […]
If all parties agree to pursue a petrochemical project they will enter into a separate project joint development agreement
Saudi Arabia-based petrochemical firm SABIC announced it had signed a memorandum of understanding with energy giant Aramco and Polish energy group PKN Orlen for the exploration of potential petrochemical growth or expansion projects in Poland and Central and Eastern Europe. According to a statement, the agreement will help enable the study of several potential collaboration […]
In 2021, global oil and gas investments hit $602 billion, but in 2022 investments will rise to $628 billion
Oil and gas investments around the world are set to increase by $26 billion this year, a four percent increase from last year, as the industry continues its recovery from an unprecedented downturn caused by the Covid-19 pandemic, according to Rystad Energy. In 2021, global oil and gas investments hit $602 billion, but in 2022 […]
Perhaps it sounds like an unlikely match: fossil fuel experts helping drive the growth of clean hydrogen, a market some call the “new oil of the 21st century.” But alliances actually make sense.
The Middle East’s crown as the world’s historical epicenter of fossil fuels – notably gas and oil – was hard won through decades of building expertise in infrastructure, trade, and talent. Now, in the global push for a greener future, all this knowledge is transferable to the very infant market of clean hydrogen. Fossil fuel […]
Oil & Gas Middle East’s first hydrogen thinktank series discussed the challenges ahead for hydrogen adoption, including difficulties in categorisation and the competition between blue and green hydrogen
Climate change and the energy transition have been top of the agenda for the energy industry, with discussions at the COP26 summit in Glasgow, and ADIPEC 2021 focusing heavily on how to move to a lower carbon future. A recurring topic in these discussions has been hydrogen, be it green, blue, or any of the […]
Kazakhstan is a major global oil player, producing around 1.6 million barrels of oil per day
Oil prices have continued to rise as fears increase that unrest in Kazakhstan would hit oil production in the country. On January 6, the operator of Kazakhstan’s highest-producing oil field, Tengiz, said that a logistics issue had caused it to changed its production levels with political protests ongoing at the site. S&P Global Platts reported […]
The contract covers the strategic long-term development of ADNOC’s Umm Shaif field and is part of the company’s plan to boost oil production capacity to five million barrels per day by 2030
Abu Dhabi National Oil Company (ADNOC) announced Wednesday that it had awarded a $946 million engineering, procurement, and construction (EPC) contract to National Petroleum Construction Company (NPCC). The contract covers the strategic long-term development of ADNOC’s Umm Shaif field and is part of the company’s plan to boost oil production capacity to five million barrels […]
The firm announced "significant" contracts with two Middle East hydrocarbon customers.
Larsen & Toubro’s (L&T) heavy engineering unit announced that it had won several contracts across various business segments in the third quarter of the 2022 financial year (ending March 2022). In a statement, L&T said that its modification, revamp and upgrade (MRU) business had won a contract from “a key hydrocarbon sector customer in the […]
Hamel will hold the office for two years beginning January 1, 2022
Mohamed Hamel assumed office as the fourth Secretary General of the Gas Exporting Countries Forum (GECF). Hamel, an Algerian, began his term at the 23rd GECF Ministerial Meeting and will hold the office for two years beginning January 1, 2022. The GECF is an 18-country energy organisation made up of the world’s leading natural gas […]
