Kuwait’s Heavy Engineering Industries and Shipbuilding Co (HEISCO) announced in a statement that it has secured a five-year contract from Kuwait Oil Co (KOC) for the construction of flowlines and associated works in West Kuwait Area. The value of the contract is KWD 68.5 million ($223.7 million). Earlier during August 2022, HEISCO announces that the company submits […]
oil and gas
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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
Posted inPeople
Oil and gas sector top choice for energy workers: Report
Record energy prices and skills shortages are driving soaring salaries across the oil and gas sector. Oil and gas salaries have surged above pre-pandemic levels with more than half of the workforce expecting a further pay rise next year. Almost a third of oil and gas workers have been headhunted over six times in the […]
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Opinion: Why the energy sector stands vulnerable
The uncertainty in the current global economy generates a wide range of possible risks that can abruptly alter a firm’s business model and strategy. Events developing in Eastern Europe, shifts in global government leadership, rising inflation, interest rates, constant cyberthreats, competition for talent and specialized skill sets, ongoing disruptions in global supply chains, and quickly […]
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Crescent Petroleum signs three contracts to develop Iraqi oil and gas fields
Crescent Petroleum, the Middle East’s oldest privately-owned upstream oil and gas company, has signed three 20-year agreements with Iraq’s Ministry of Oil to appraise, develop, and produce oil and gas from two blocks in Diyala governorate and one in Basra governorate. The agreements will deliver much needed natural gas to fuel nearby power plants and […]
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Kuwait invites bids to power oil and gas facilities with renewable energy
Two state-owned Kuwaiti oil companies have invited consultancy bids from five Western firms to study the use of renewable energy to run their facilities, Zawya Projects reported, citing a Kuwait newspaper. France’s Technip and Worley Engineering of Australia are amongst the companies that are invited to submit bids. The Kuwait National Petroleum Co and the […]
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Oil & Gas Middle East Awards: Nabors joins as silver sponsor
Global oil and gas drilling contractor Nabors has partnered with Oil & Gas Middle East as the Silver Sponsor for the Oil & Gas Middle East Awards 2022, which are set to take place on March 2 at Grosvenor House, Dubai. The 13th installment of the event will gather executives from the upstream and downstream sectors in […]
Posted inExploration & Production
Egypt set to launch three oil and gas project tenders
Egypt will announce three tenders this year for oil and gas exploration and production projects, the country’s Petroleum and Mineral Resources Minister Tarek El Molla said at the opening ceremony for the Egypt Petroleum Show on Sunday. “Egypt plans to hold three international tenders in 2023 for oil and gas exploration and production,” the Nile […]
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Top 5 oil and gas contracts in the Middle East: January 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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TotalEnergies begins gas production in Oman’s gas block
Gas production is expected to reach 500 MMcfd by mid-2024
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