Middle East
News
April 05, 2023
Signed in September 2021, the GGIP is a key strategic project that involves investing approximately $10 billion to design and construct facilities for recovering significant volumes of otherwise flared gas throughout the Basra region and supplying such recovered gas to power stations.
News
March 31, 2023
Gulf Keystone Petroleum Ltd. will become the latest oil producer in Iraqi Kurdistan to cut production, as a legal spat between the region’s government and Baghdad that’s pushed up crude prices drags on.
News
March 30, 2023
During the meeting, ADNOC presented its strategic vision for sustainable, reliable energy production and its commitment to an inclusive energy transition.
News
March 27, 2023
To date, the southern area of the field has been appraised and developed using extended reach drilling techniques, which has enabled the completion of 3 production wells from the existing Geisum field GD platform, with a further well currently being drilled from the platform.
News
March 27, 2023
The ministry “will discuss mechanisms for exporting Iraqi oil through [Turkey’s] Ceyhan port with the concerned authorities in the Kurdistan region” as well as with Turkey, in a manner that guarantees exports will be sustained and international commitments met.
News
March 23, 2023
The proposed collaboration aims to contribute to the digital transformation of the oil and gas sector in Saudi Arabia by leveraging advanced 4G and 5G technologies capable of providing secure, fast and reliable communications to satisfy business critical requirements of industries.
News
March 23, 2023
DNO reported that cumulative oil production from its Peshkabir field in the Kurdistan region of Iraq has broken through the 100 MMbbl milestone less than six years after startup. The field was initially estimated to contain proven and probable reserves of 75 MMbbl commingled with associated gas.
News
March 20, 2023
Abdul Ghani said his country, OPEC’s second largest producer, plans to boost crude oil production to between 5-6 MMbpd or more, while adhering to OPEC’s limits, without further explanation about the timings to do so.
News
March 17, 2023
Biweekly, a new well will be added to the test until all new wells are connected to the testing system. Each well will be completed with PCP pumps before being placed on the test.
News
March 13, 2023
The results were underpinned by stronger crude oil prices, higher volumes sold and improved margins for refined products, while Aramco continues to strengthen its oil and gas production capacity to meet anticipated future demand.
News
March 03, 2023
Investors placed $124 billion of orders for a 5% stake in ADNOC Gas, an oversubscription level of more than 50 times.
News
March 03, 2023
The Wall Street Journal reported earlier that a growing rift with Saudi Arabia means the UAE is having internal discussions about quitting the producer group, a move that could potentially leave it free to lift output.
News
March 01, 2023
TotalEnergies acquired a 20% participating interest in the Satah Al Razboot, Umm Lulu, Bin Nasher and Al Bateel offshore concession. The company also acquired a 12.88% indirect interest in the Mubarraz concession.
News
February 27, 2023
Abu Dhabi National Oil Co. will now offer 3.84 billion shares, or a stake of about 5%, in ADNOC Gas, according to a statement on Monday. It was previously looking to sell 4%.
News
February 23, 2023
The MoU includes methane and decarbonization study tours and workshops for MOPMR employees at Chevron facilities in the U.S. and other locations, to build awareness of methane control technologies, measurement practices and projects to effectively reduce carbon emissions.
News
February 23, 2023
The order book opened on Thursday morning and is now fully covered, according to a message sent to investors and seen by Bloomberg. Several funds, including Abu Dhabi state-linked entities, committed $850 million as cornerstone investors. Among them were also Alpha Dhabi and International Holding Co.
News
February 22, 2023
The government expects oil output to increase by 250,000 bpd once the blocks covered by the agreements start producing, Oil Minister Hayyan Abdul Ghani said on local television on Tuesday.
News
February 20, 2023
Senate Republican Leader Mitch McConnell will meet with Sheikh Mohammed bin Zayed Al Nahyan, the president of the United Arab Emirates, on Tuesday, according to people familiar with their plans.
News
February 17, 2023
Abu Dhabi National Oil Co. will offer a 4% stake in ADNOC Gas, formed through a merger of liquefied natural gas and gas-processing arms. The IPO will start on Feb. 23 and the final offer price will be on March 3, with trading slated to start 10 days later.
News
February 16, 2023
The study will focus on the decarbonization of the LNG terminal in IDKU operated by Shell through capturing and storing the carbon dioxide in a depleted reservoir in the Abu Qir offshore concession operated by Energean.
News
February 15, 2023
Egypt's two LNG terminals on the Mediterranean coast are designed to ship 12 million tons annually, but reaching those levels will depend on Egypt pumping more gas and receiving more flows from Israel.
