Iraq’s Ministry of Oil has initiated the tendering process for the construction of three refineries as Public-Private Partnership projects. The three projects are as follows: The price at which crude oil will be supplied to the refinery investor will be based on the international prices for one barrel of crude oil delivered in port of […]
oil and gas
Posted inExploration & Production
Oman eyes significant production increase from offshore Block 50
Operator of offshore Block 50 Masirah Oil Ltd says it is pressing ahead with a strategy to ramp up output from the field during 2023. Block 50, covering an area of approximately 17,000 sq km, located in Oman’s Gulf of Masirah, is 100 per cent owned by Masirah Oil Limited. Buoying hopes for an uptick […]
Posted inNews
Gulf Energy lands $100 million contract extensions in Oman
Gulf Energy, an affiliate of National Energy Services Reunited (NESR), has secured multiple contract extensions worth $100 million from several clients, NESR said in a statement. The new contracts range in duration for different clients and reflect the strong mutual trust with the client base in an improving oilfield services landscape, NESR said. Gulf Energy […]
Posted inNews
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
Posted inNews
Expat trouble: Kuwait deports 9,000 expats in three months
Kuwait has deported over 9,000 expats in the first quarter of 2023 with India topping list of deportees, according to local media reports. From the 9,000 deportees, over 4,000 were female and were involved in criminal and misdemeanour cases. Indian nationals topped the list of deportees followed by Filipinos, Sri Lankans and Egyptians. According to reports, […]
Posted inNews
Kuwait plans world’s tallest tower ‘Burj Mubarak’ in oil diversification push
Kuwait hopes to diversify its economy by reducing its reliance on oil and expanding its private sector through significant investments across different sectors. The oil rich nation will soon be home to the “world’s tallest tower” – the Burj Mubarak. The one-kilometre tall tower will be the main attraction of Kuwait’s Madinat Al Hareer or Silk […]
Posted inNews
A carbon-neutral future for oil and gas is now achievable
Hydrocarbon producers face mounting pressure to become climate resilient, reduce carbon emissions, and focus on revenue streams from renewables. To alleviate this pressure, power generation organisations need to embrace renewable alternatives, and while some companies have become early adopters, many operators are looking at substantial changes to their business models to accommodate the transition. Oil […]
Posted inNews
Oman announces $3.8 billion projects across sectors
Oman Investment Authority (OIA) has announced 36 investment opportunities worth $3.8 billion covering various industries. Hisham Ahmed Al Sheedi, Director General of Economic Diversification at OIA said that these investment opportunities will potentially ensure better alignment and synergy between OIA and other government and private entities. He noted that the opportunities are distributed across several […]
Posted inNews
From the editor: Oil and gas won’t disappear overnight
I have lost count of the number of times I have silently disagreed with climate activists calling for an immediate end to fossil fuels. Let’s face it. Oil and gas isn’t going to disappear overnight. And ‘boycotting’ fossil fuels to address climate change certainly won’t help. As ADNOC CEO and COP28 President Dr Jaber rightly […]
Posted inNews
UAE offers 100,000 golden visas to attract top talent
UAE is offering long-term residency visas to attract talent as the country aims to become a global leader in AI
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