Despite increasing calls from climate activists, the Middle East is expected to commence over 600 projects between 2023 and 2027, according to data from GlobalData Energy. Out of these, upstream projects would be 81, midstream would be 141, the refinery at 84, and petrochemicals would be the highest with 315 projects. Here is a list […]
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Oil and gas projects worth $185 billion set to be approved this year
According to new analysis from Wood Mackenzie, final investment decisions (FIDs) will be reached for upstream oil and gas projects worth $185 billion to develop 27 billion barrels of oil equivalent (boe). Furthermore, Wood Mackenzie expects national oil companies (NOCs) to control the largest investment opportunities this year, taking advantage of huge, discovered resources, while boasting […]
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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 […]
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Middle East to launch over 600 oil and gas projects until 2027
The Middle East is expected to commence 621 projects between 2023 and 2027, according to data from GlobalData Energy. Out of these, upstream projects would be 81, midstream would be 141, the refinery at 84, and petrochemicals would be the highest with 315 projects. New build projects are expected to lead the upcoming project landscape […]
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Top 5 oil and gas trends to watch for in 2023
After a turbulent year, the oil and gas industry is proving resilient amid uncertainty
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ADNOC and TotalEnergies sign strategic partnership agreement
ADNOC and TotalEnergies to explore opportunities to collaborate in areas of mutual interest, including in gas growth, CCUS and trading and product supply