Kuwait Oil Co. said it has discovered “huge commercial amounts” of light oil and associated gas in an offshore field, marking a “turning point” in its efforts to explore offshore hydrocarbons.
Kuwait Oil Co. said it has discovered “huge commercial amounts” of light oil and associated gas in an offshore field, marking a “turning point” in its efforts to explore offshore hydrocarbons.
The wife of an offshore oil rig worker killed by a colleague in Qatar says questions still remain about the case.
The United Arab Emirates’ main oil company bought a stake in NextDecade Corp.’s (NYSE:NEXT) natural gas export project in Texas, in a first US acquisition that also gives it a 20-year supply deal.
Adnoc is expected to make a final investment decision on the Ruwais LNG export project as soon as next month.
Oil shrugged off Iran’s unprecedented attack on Israel, with prices easing on speculation that the conflict would remain contained.
Aberdeen-headquartered Craig International has received a contract from QatarEnergy LNG, formerly Qatargas.
At a time when sustainability and financing are becoming increasingly intertwined, making the case to fund oil and gas companies can prove challenging.
The Abu Dhabi National Oil Company (Adnoc) plans to invest $13 billion (£10.3bn) in "domestic and international growth opportunities" over the next five years through its gas and LNG arm, Adnoc Gas.
BP and the United Arab Emirates’ state oil firm suspended a $2 billion bid to buy a major stake in Israel’s NewMed Energy as the war in Gaza upends politics across the region.
Abu Dhabi National Oil Co. is advancing plans for a new liquefied natural gas export project, making it the latest company looking to capture a share of the growing market later this decade.
Energean has begun producing gas at Karish North, the company said, while also celebrating the signing of an additional gas sale and purchase agreement.
QatarEnergy (QE) will target 142 million tonnes per year of LNG production before 2030, up from its previous goal of 126mn tpy by 2027.
Chevron has taken the final investment decision (FID) on the second phase of the Tamar field, offshore Isreal.
Chedid and Salibi are due to appear in Westminster Magistrates’ Court on February 19, 2024 to hear the charges.
Emirati energy and utilities giant Taqa reported bumper profits for 2023 from its new stake in Adnoc Gas, but decline from North Sea assets prompted a 7% slide in production.
The move raised questions about Saudi Arabia’s view on future demand as the world shifts toward low-carbon energy, and was also seen as a concession there’s adequate oil supply from competitors including US shale producers.
Tourists will be travelling in style to a giant oil rig theme park planned off the coast of Saudi Arabia.
“The sentiment for oil and gas stocks is on the very low side, at least in European markets,” Nordin continued. “There is a clear misalignment in valuations”, he continued, when contrasting market cap with how Tethys is valued within the industry.
“The access to capital is no problem for anybody that understands how to present the asset. And that's what we do. We know how to present the opportunities in the right language.”
Saudi Arabia is considering plans to revive a follow-on offering in Aramco as soon as February, in a multibillion-dollar deal that’s likely to rank among the biggest share sales in recent years, according to people familiar with the matter.
“By awarding these contracts, we are taking an important step towards realising the full potential of Al-Shaheen field, which produces around half of Qatar’s crude oil today,” said Minister of State for Energy Affairs, and CEO of QE, Saad Sherida Al-Kaabi.
Saudi Arabia’s reversal of plans to bolster its oil production capacity has raised questions about the future of demand, but it points to another long-running risk to the kingdom’s energy petroleum revenue — rival suppliers.
Aberdeen-based consulting and engineering firm Wood has announced that it secured $850 million in Middle East contracts throughout 2023.
“We continue to see progress,” said Genel CFO Luke Clements. “It’s painfully slow. But it’s not like we’re close and then it all blows up. It’s just small steps, but with good progress.”
“We have cut all non-essential activity and significantly reduced spend, while developing a new source of income through domestic sales,” said Weir.