Following a relatively weak first quarter, a demand recovery thereafter combined with supply uncertainties should see Brent recover to trade in the $90s
oil gas news
Posted inNews
Aramco partners with US software company for carbon capture tech
The solution aims to help companies determine the optimum balance between emissions and profitability
Posted inExploration & Production
ADNOC’s drilling unit to acquire $200 million rigs
ADNOC Drilling has almost doubled its offshore jack-up rig fleet to 32 since early 2021
Posted inPeople, News
‘Sustainability is at the heart of everything we do’: SLB’s Middle East head on ramping up production
Schlumberger has had a constant presence in the Middle East for the past 85 years. Our rebrand to SLB does not change this, says Tarek Rizk, president of Middle East and North Africa at SLB
Posted inNews
Emirati, Saudi CEOs optimistic about 2023 despite global recession fears
More than half of Saudi and Emirati CEOs are optimistic about the economy, a new report finds
Posted inPeople
Mubadala’s head of investments to join ADNOC’s low carbon business
ADNOC’s new unit will focus on low carbon solutions, including the company’s renewable energy and hydrogen portfolios
Posted inNews
Top 5 oil and gas contracts in the Middle East: November 2022
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, People
Forging ahead: McDermott’s SVP shares his bold vision
Mike Sutherland talks about the company’s 50+ years of relationship with the UAE, and his strategic priorities as the newly-appointed senior vice president for Offshore Middle East at McDermott International
Posted inExploration & Production
Saudi Aramco discovers two natural gas fields in Dhahran
“The importance of these discoveries lies in strengthening the kingdom’s natural gas reserves..,”Energy Minister Prince Abdulaziz bin Salman said.