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Three New Players to Join Qatar Energy's North Field South (NFS) Project

Oct 06, 2022

Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said that three new partners will be entering the North Field South (NFS) project in addition to the partner recently announced, adding that they will be announced in due course…

OPEC+ Agrees Deep Oil Production Cuts, Biden Calls It Shortsighted

Oct 06, 2022

OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.OPEC's de-facto leader Saudi…

Israel, Lebanon Closing in on Maritime Border Deal

Oct 06, 2022

Lebanon and Israel are closer than ever to signing a deal demarcating their maritime border, opening the door to new oil and gas exploration, after years of U.S.-brokered negotiations.While limited in scope, the agreement is set to ease security and economic concerns in both countries…

QatarEnergy to Be the Largest LNG Trader Over Next 5-10 years - Minister

Oct 05, 2022

QatarEnergy CEO and state minister for energy Saad al-Kaabi said on Wednesday that his company will become the world's largest trader of liquefied natural gas (LNG) over the next 5-10 years, a position that is currently held by Shell. Following Russia's invasion of Ukraine…

Lamprell, IMI Load Out Second Newbuild Jack-up Rig

Oct 05, 2022

Offshore energy engineering and construction services firm Lamprell and International Maritime Industries (IMI) on Tuesday announced the completion of the load-out and float-off of the second jackup drilling unit being constructed for IMI.The…

GMS Nets 22-Month Contract for One of Its Jack-up Units

Sep 27, 2022

GMS, a UAE-based provider of self‐propelled, self‐elevating support vessels serving the offshore oil, gas, and renewables industries, said Tuesday it had secured a new contract.The 22-month contract is for an E-Class vessel with an unnamed EPC client in the MENA region…

ADNOC Eyes Higher Gas Output with $548M Lower Zakum Subsea Pipeline Deal

Sep 13, 2022

Abu Dhabi National Oil Company (ADNOC) earlier this month announced a $548 million contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi. ADNOC said the award would increase Lower Zakum field’s gas production capacity…

ADNOC Awards $1.83B Drilling-related Services Deals

Aug 31, 2022

Abu Dhabi National Oil Company (ADNOC) on Wednesday announced the award of five framework agreements valued at $1.83 billion (AED6.72 billion) for Directional Drilling and Logging While Drilling (LWD).According to ADNOC, the deals are the largest…

Saudi Aramco Profit Soars

Aug 15, 2022

State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining margins.Aramco joins oil majors such as Exxon Mobil Corp and BP  that have reported…

ADNOC L&S Wins $1.17B Contract for 13 Jack-up Barges

Aug 12, 2022

Abu Dhabi National Oil Company (ADNOC) on Thursday awarded a $1.17 billion (AED4.3 billion) contract to  ADNOC Logistics & Services (ADNOC L&S) for the hire of 13 self-propelled jack-up barges.ADNOC said the jack-ups would help it drive offshore…

QatarEnergy Awards $384,5M Offshore EPCI Deal to Milaha

Jul 18, 2022

Qatari company Milaha said Monday it had secured a five-year contract with QatarEnergy to deliver engineering, procurement, construction, and installation (EPCI) services for offshore projects in Qatar. The contract is worth QR 1.4 billion ($384…

Shell Joins Qatar's LNG Expansion Mega-Project

Jul 05, 2022

QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies, Exxon, ConocoPhillips, and Eni…

Shelf Drilling to Buy Aban Offshore's Jack-up Rig for $30M

Jun 18, 2022

Jack-up drilling rig specialist Shelf Drilling has agreed to buy the Deep Driller 7 jack-up drilling rig from the Indian offshore drilling company Aban Offshore. Shelf Drilling will pay $30 million for the 2008-built jack-up drilling unit. The rig is of Baker Marine Pacific Class 375 design…

QatarEnergy Picks TotalEnergies as First Partner in 'Largest LNG Project in History'

Jun 13, 2022

Qatari national oil and gas company QatarEnergy has selected France's TotalEnergies as its first international partner in the North Field East (NFE) expansion project, dubbed 'the single largest project in the history of the LNG industry.'The…

North Field Expansion: Qatar Selects Exxon, Total, Shell, Conoco for mega-LNG Expansion - Sources

Jun 08, 2022

Qatar has picked ExxonMobil Corp, TotalEnergies, Shell, and ConocoPhillips, as partners in the expansion of the world's largest liquefied natural gas (LNG) project, people with knowledge of the matter said on Tuesday.The North Field expansion will boost Qatar's LNG output by 64% by 2027…

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