Qatar’s Planning and Statistics Authority released a report highlighting a trade surplus of 22 billion Qatari riyals ($6 billion) in April 2023. This represents a 3.5% increase compared to the previous month but indicates a decline of 35.6% on an annual basis. During the same period, the value of merchandise imports dropped by 6.3% year-on-year […]
oil and gas
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Kuwait relaunches tenders for Az-Zour North and Al-Khairan projects
Kuwait authorities have announced the cancellation of the tenders issued for Az-Zour North Phase 2 & 3 integrated water and power project (IWPP), Al-Khairan Phase 1 IWPP and the re-issuance of the qualifying companies to participate in a tender for the development, financing, design, procurement, engineering, construction, testing, commissioning, operation, maintenance and transfer of the projects. Az-Zour […]
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The only chemistry that matters for a sustainable future
If you are reading this article on your mobile phone, there is a good chance its casing is made from a material manufactured by SABIC, as is your computer screen. Perhaps your hand is resting on a mouse, which historically was made from virgin plastic, but thanks to us, is now manufactured from ocean-bound plastic. […]
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‘Worst yet to come’ for Europe’s energy crisis, Qatari minister warns
Qatar’s energy minister warned on Tuesday the “worst is yet to come” for Europe’s oil and gas shortages, saying a warm winter had prevented greater difficulties in recent months, according to an AFP report. Saad al-Kaabi and his Saudi counterpart Prince Abdulaziz bin Salman said a lack of investment in oil and gas, as the […]
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Qatar eyes Iraqi oil and gas projects
Iraq Oil Minister HE Hayan Abdel Ghani confirmed on Wednesday Qatar’s interest in obtaining rights for oil and gas exploration in his country, speaking at the Qatar Economic Forum. Ghani told Qatar News Agency (QNA) that the forum was an opportunity to announce a number of energy projects that Iraq wants to develop in the […]
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Six killed in Pakistan’s oil and gas plant attack
Islamist militants stormed natural gas and oil production facilities in northwest Pakistan on Tuesday, killing four police and two private guards, Reuters reported, citing police and the operator. The attack by up to 50 militants took place at facilities run by MOL Pakistan Oil and Gas Company, a unit of Hungary’s MOL, in Hangu district […]
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BP awards multi-million contract for subsea well development project
BP has awarded a multi-million subsea riser contract to UK-based Aquaterra Energy, a leader in global offshore engineering solutions, for a subsea well development project located in Trinidad and Tobago. According to the contract, Aquaterra Energy will provide a complete end-to-end managed service as a fully independent riser system and connector OEM. The contract will […]
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UAE 2023 economic growth to suffer due to oil output decline: Report
The UAE’s economic growth prospects for 2023 face key obstacles, including a decline in oil output resulting from OPEC-agreed production cuts, a slowdown in the non-oil sector due to higher interest rates, and subdued external demand, a new report from GlobalData shows. The real GDP of the UAE is forecast to expand at a slower […]
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Shell, Equinor to begin engineering work on Tanzania’s $42 billion LNG project
Shell and Equinor will begin engineering work on their $42 billion Tanzania LNG project after signing key agreements. Following the deals, the two European manors will kick off engineering work on a project that will produce about 10 million-15 million tonne per annum LNG plant on the coast at Lindi. “Equinor, Shell, their partners, together […]
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NEOM awards $3 billion contract for Oxagon’s net-zero port
NEOM has awarded a $3 billion contract for the first phase of the improvement and expansion plans for the Port of NEOM, previously Duba port, located on Saudi Arabia’s Red Sea coast. BESIX, through its local subsidiary Six Construct, in partnership with Modern Building Leaders (MBL) and Boskalis have secured the contract. “The Port of […]
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