This marks the beginning of QP's massive LNG shipbuilding program
Qatar Petroleum has ordered four new LNG carriers from Hudong-Zhonghua Shipbuilding Group Co. Ltd. (Hudong), a wholly owned subsidiary of China State Shipbuilding Corporation Limited (CSSC). These four carriers are the first batch of orders in Qatar Petroleum’s massive LNG shipbuilding program, which will cater for future LNG fleet requirements for the North Field expansion […]
ADNOC Drilling is now trading on the ADX, with a market capitalisation of $10 billion. This initial public offering (IPO) will raise over $1.1 billion, making the ADNOC Drilling IPO the largest-ever ADX listing to date and will also be the first issuance on the newly inaugurated ADX premises. This important milestone will bolster the […]
As of August 2021, Qatar has delivered a total of 715 LNG cargoes to China
Qatar Petroleum entered into a long-term sale and purchase agreement (SPA) with CNOOC Gas and Power Trading & Marketing Limited, a subsidiary of China National Offshore Oil Corporation (CNOOC), for the supply of 3.5 million tons per annum (MTPA) of LNG over a 15-year period starting January 2022. The SPA was signed during a virtual […]
Abqaiq becomes Aramco’s third facility to be included in the World Economic Forum’s group of 4IR pioneers
The World Economic Forum has recognized a third Aramco facility, Abqaiq, for its pioneering adoption and integration of cutting-edge technologies of the Fourth Industrial Revolution (4IR). The Abqaiq oil processing facility, the largest oil processing plant in the world, joins Aramco’s Uthmaniyah Gas Plant and Khurais oil complex in the Forum’s prestigious Global Lighthouse Network. […]
Former Petrofac employees made payments to influence the award of projects worth billions of dollars across the Middle East, the UK SFO says
Petrofac has reached a plea agreement with the UK Serious Fraud Office (SFO) and will plead guilty to seven bribery offences in relation to payments made for contracts across the Middle East. The SFO charged Petrofac with seven offences of failing to prevent bribery, as former employees who offered or made payments in relation to […]
It includes high pressure gas pipelines and fibre optic cabling
Petrofac has been awarded a new multi-million-dollar contract by Tatweer Petroleum to support their gas distribution network project in Bahrain. The Engineering, Procurement, Construction, and Commissioning (EPCC) scope of work includes high pressure gas pipelines and fibre optic cabling. The underground pipelines will run through sections onshore and offshore below the seabed in support of […]
The initiative was taken in the frame of the Saudi Aramco’s Nama’at Industrial Investment Program
Saipem and Saudi Aramco have signed a Memorandum of Understanding (MoU) aimed at exploring the possibility to establish a new entity in Saudi Arabia for the execution of engineering and construction activities in the industrial sector. The initiative was taken in the frame of the Saudi Aramco’s Nama’at Industrial Investment Program, focused on capacity building […]
The ADNOC Drilling IPO set to be largest-ever ADX listing
The Abu Dhabi National Oil Company (ADNOC) announced that it has increased the number of ordinary shares offered in the initial public offering (IPO) of ADNOC Drilling from 1,200,000,000 ordinary shares to 1,760,000,000 ordinary shares, which equates to 11% of ADNOC Drilling’s total issued share capital. Subject to completion of the IPO, ADNOC will continue […]
H.E. Dr. Al Jaber noted LNG and broader gas markets globally are tightening, with demand outpacing supply
Natural gas is set to play a pivotal role in powering economic growth in the United Arab Emirates (UAE) over the next 50 years, according to His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC). Delivering […]
New inspection solution reduces human risk and improves speed and accuracy
The power of ground-breaking, artificial intelligence (AI) technology has been harnessed in a new real-time inspection solution, capable of autonomously detecting and categorising equipment anomalies. The Augmented Machine Vision Solution (AMVS) has been developed through a 12 month, AUD$288,600 partnership between Wood and NERA (National Energy Resources Australia) – the independent NFP, grant funded by […]
