Viking’s managing director noted that the potential for securing additional contracts in the near future is high
oil gas news
More EPC projects on the horizon as UAE expands oil production capacity
ADNOC has allocated a budget of $150 billion on capital expenditure in the next five years to achieve this target
Qatar, ConocoPhillips sign agreement to supply LNG to Germany
The LNG volumes will be sourced from the two joint ventures between QatarEnergy and ConocoPhillips
ADNOC to set up gas subsidiary; approves $150 billion budget
Abu Dhabi’s state-owned energy giant ADNOC has approved a $150 billion budget for the next five years as the company prepares to set up its gas subsidiary and list its shares on the Abu Dhabi Securities Exchange (ADX) next year. The new gas processing and marketing company will be called ADNOC Gas, and will begin […]
The controversial Russian oil price cap: 5 facts you need to know
EU ambassadors have failed to agree on the maximum price at which Russian oil should be allowed to trade
Saudi Aramco unit proceeds with $1 billion IPO
Luberef is planning to sell 50 million shares, or a nearly 30% stake, according to a statement from Aramco
Eni, Sonatrach begin fast-track production at Algerian field
Italian major Eni announced yesterday the start-up of the HDLE/HDLS oil field in in the Berkine North Basin onshore Algeria, only six months after its discovery in March. HDLE/HDLS is currently producing 10,000 b/d. Production ramp up will be achieved through an accelerated development plan which envisages the drilling of new wells in 2023. According […]
ADNOC Drilling awarded nearly $1 billion contract to ramp up offshore production
This award brings the total value of awards from ADNOC Offshore to ADNOC Drilling in 2022 to $5.95 billion