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ADNOC Signs LNG Supply Agreement with Osaka Gas for Ruwais LNG Project

Aug 06, 2024

Abu Dhabi National Oil Company (ADNOC) has signed a long-term heads of agreement with Osaka Gas for the delivery of up to 0.8 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) from the Ruwais LNG project.The LNG will primarily…

Shelf Drilling Sells Baltic Jack-Up Rig

Jul 30, 2024

Offshore drilling contractor Shelf Drilling has signed an agreement for the sale of Baltic jack-up rig for $60 million with an undisclosed client.The buyer intends to deploy the rig on a multi-year, plug and abandonment (P&A) program in Southeast Asia…

PTTEP Buys Wintershall Dea's Share in Abu Dhabi’s Ghasha Concession

Jun 13, 2024

German oil and gas company Wintershall Dea has sold its 10% interest in Abu Dhabi's Ghasha Concession to Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) as part of its exit strategy from the United Arab Emirates, ahead of announced business combination with Harbour Energy…

Aramco Acquires 40% stake in Gas & Oil Pakistan

May 31, 2024

Saudi Arabian state-owned oil and gas giant Aramco has competed the acquisition of a 40% equity stake in Gas & Oil Pakistan (GO).GO is a diversified downstream fuels, lubricants and retail store operator in Pakistan with a network of more than 1…

First Production Starts at ADNOC’s Belbazem Offshore Block

Mar 27, 2024

Abu Dhabi's national oil firm ADNOC has announced the start of crude oil production from its Belbazem offshore block, operated by Al Yasat Petroleum, a joint venture between ADNOC and China National Petroleum Corporation (CNPC).Located 120 kilometers northwest of Abu Dhabi city…

Saipem Loads Out Three Topsides for QatarEnergy LNG’s North Field Gas Project

Mar 13, 2024

Italian energy industry engineering and construction firm Saipem has loaded out the first three topsides for QatarEnergy LNG’s North Field Production Sustainability (NFPS) gas project, located offshore the north-east coast of Qatar.The three topsides…

QatarEnergy and Petronet Sign 20-Year LNG Supply Deal for India

Feb 06, 2024

QatarEnergy has entered into a 20-year sale and purchase agreement with Petronet LNG for the supply of 7.5 million tons per annum (MTPA) of liquefied natural gas (LNG) destined to the Republic of India.Pursuant the terms of the sale and purchase agreement (SPA)…

QatarEnergy Signs 15-year LNG Supply Deal with Excelerate Energy

Jan 29, 2024

QatarEnergy and Excelerate Energy have signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) for the supply of LNG from Qatar to Bangladesh.Pursuant to the SPA, Excelerate will purchase up to 1 million tons per annum…

Indian Firm Clinches Mega Offshore Order in the Middle East

Nov 22, 2023

India-based L&T Energy Hydrocarbon – LTEH, the hydrocarbon business of Larsen & Toubro (L&T) has received a Letter of Intent for a 'mega' offshore order from an unnamed 'prestigious client in the Middle East.'For LTEH, a 'mega' contract means the contract is valued between ₹C 10…

Santos, ADNOC Enter CCS Collaboration Deal

Nov 22, 2023

Australian oil and gas company Santos has entered into a strategic collaboration agreement with Abu Dhabi based oil and gas firm ADNOC to collaborate on carbon capture and storage (CCS) projects.The agreement will explore the potential for establishing…

Tekmar Group to Provide Equipment for Middle East Subsea Project

Nov 16, 2023

Tekmar Group said Thursday it had secured a £2.5 million contract to provide equipment for a subsea project in the Middle East.'The contract is for the design and supply of TekDuct, one of Tekmar Group's cable protection products, ballast modules…

Lamprell Delivers Newbuild Jack-up Rig 'Kingdom 1' to IMI

Nov 10, 2023

Offshore energy engineering and construction services company Lamprell said Friday it had delivered the first of two new build jack-up rigs to its client, International Maritime Industries (IMI). The jack-up rig, Kingdom 1, which has been built collaboratively between ARO…

ADNOC to Cut 2024 Upper Zakum Oil Supply to Some Term Buyers -sources

Nov 09, 2023

Abu Dhabi National Oil Company (ADNOC) has notified some term customers that it will reduce the volume of Upper Zakum crude oil supply in 2024, three sources with direct knowledge of the matter said on Thursday.The move could affect supplies to China…

Advanced Watertek Puts Focus on Offshore Sustainability at OJME Conference

Nov 08, 2023

Advanced Watertek, a provider of water treatment solutions, has recently delivered a presentation that emphasized the alignment of offshore operations with Global Sustainable Development Goals (SDGs) and Environmental, Social, and Governance (ESG) requirements…

Saudi Aramco Net Profit Drops Broadly as Expected, Shares Inch Up

Nov 07, 2023

Saudi Aramco on Tuesday reported a 23% fall in third-quarter net profit on the back of lower oil prices and volumes sold, marginally beating analyst estimates and helping underpin its shares.Net profit fell to $32.6 billion for the quarter to Sept…

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Sempra Port Arthur Phase 2 receives US approval for LNG export
After the latest court ruling, Trump tariffs are still in place and stocks fall. The dollar also falls.
The market is looking at another OPEC+ production hike as the oil price drops for a second consecutive week
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