Qatar Petroleum has awarded an engineering, procurement, and construction (EPC) contract for its North Field Expansion Project to Técnicas Reunidas S.A., a Spanish-based contractor that provides EPC services to the energy industry.Técnicas Reunidas…
The Abu Dhabi National Oil Company (ADNOC) said Monday it had signed framework agreements worth up to $1 billion for Concept and Front-End Engineering Design (FEED) services for major projects across its full value chain.The framework agreements…
Abu Dhabi's ADNOC Logistics & Services has teamed up with the Dutch firm Roll Group to strengthen its turnkey integrated logistics offering.'The partnership with Roll Group enables ADNOC L&S to jointly implement heavy haulage solutions for both onshore and offshore projects…
Offshore Support and Logistics Services Company (OFCO – Offshore International), the integrated maritime logistics service provider that is jointly owned by Allianz Marine & Logistics Services (AMLS) and SAFEEN, Abu Dhabi Ports’ marine services arm…
Qatar Petroleum (QP) has set the term price for al-Shaheen crude cargoes loading in October at $2.62 a barrel above Dubai quotes, the lowest premium in two months, several trade sources said on Wednesday.The price was set after QP sold three cargoes via a tender at premiums ranging from $2 to $2…
Saudi Aramco is looking to raise at least $17 billion from the sale of a significant minority stake in its gas pipelines, higher than the $12.4 billion raised from its oil pipeline deal, sources familiar with the matter said on Monday.Potential…
The investment outlook for liquefied natural gas (LNG) has improved this year but project go-aheads will not match the bonanza of 2019, as the fight against climate change clouds the prospects for gas demand growth longer term.Renewed optimism as the industry emerges from the pandemic…
OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic.The group, which includes OPEC countries and allies like Russia…
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) has won an order to build a fixed offshore platform for the Al-Shaheen oil field in Qatar.The order, worth around KRW 725.3 billion ($635,3 million) was made by the North Oil Company (NOC)…
The Abu Dhabi National Oil Company (ADNOC) on Wednesday announced awards of $763.7 worth of contracts to Schlumberger, ADNOC Drilling, and Halliburton for integrated rigless services across six of its artificial islands in the Upper Zakum and Satah Al Razboot (SARB) fields…
Saudi Arabia and the United Arab Emirates have reached a compromise over OPEC+ oil policy, giving the UAE a higher production baseline and paving the way for extending a pact on remaining supply curbs to the end of 2022, an OPEC+ source said on Wednesday…
Subsea equipment and installation firm Subsea 7 said Wednesday it had secured a sizeable contract in the Middle East. Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.The scope of work, for an unnamed client…
CGG, a France-based provider of seismic data for oil and gas exploration, said Monday its subsidiary Sercel has recorded the first major sale of its recently launched GPR300 seabed nodal solution.Sercel sold the nodes to BGP, a China-based international geophysical services provider…
Offshore drilling firm Valaris has won a contract extension with Aramco in Saudi Arabia for one of its standard-duty modern jackup drilling rigs.The Saudi national oil company has elected to extend the charter of the VALARIS JU-140 jack-up by 183 days…
Abu Dhabi National Oil Company (ADNOC) has added Goldman Sachs to a lead role on the initial public offering of its drilling unit, sources said, in the bank's first such high-profile deal in the emirate since 2019.Goldman Sachs' investment banking…