News
December 19, 2022
In Oman, three rigs have been extended for a total of seven years of work. Additionally, KCA Deutag’s Kenera business unit will provide a grid container for rig T-899. Elsewhere, the T63 has mobilized to drill two wells, with two more optional wells, for a client in Kurdistan.
News
December 15, 2022
Commissioned by the Omani authorities, the SLB experts assessed surface, subsurface and well data from the national data repository over a three-month period. The next phase will include an assessment of the economic feasibility of the development of potential geothermal resources.
News
December 15, 2022
TAG Oil has chosen the BED 1-7 vertical well for its first re-completion and evaluation operations in BED-1. The data collected from BED 1-7 and incorporated into the modeling studies will help facilitate plans for drilling the first horizontal ARF well in BED-1.
News
December 12, 2022
Saudi Aramco is talking with potential backers for its $110 billion Jafurah gas development as the oil producer plans to exploit one of the world’s largest unconventional gas fields.
News
December 06, 2022
Saudi Arabia plans to allocate more than a third of its current oil output to chemical production by 2030 in a bid to squeeze more value from its bbl as the world shifts toward a low-carbon economy.
News
December 06, 2022
Two months after snubbing U.S. President Joe Biden’s pleas for oil, Saudi Arabia is rolling out the red carpet for his Chinese counterpart, Xi Jinping.
Article
November 2022
Need to achieve net zero? Big problem. But as demonstrated by an unprecedented list of remarkable technological achievements and recent initiatives, it’s clear our industry is not the problem. On the contrary, we are integral to the solution.
Article
November 2022
Politics and regulations, particularly on the federal level, affect so much of the upstream industry’s health and performance, which can lead to a muddled mess in future developments.
News
November 28, 2022
During the meeting, which was held at ADNOC headquarters, the board directed ADNOC to pursue a net-zero by 2050 ambition to support the UAE net zero by 2050 strategic initiative. The board also endorsed plans to accelerate its 5 million barrels per day oil production capacity expansion to 2027, from the previous target of 2030.
News
November 28, 2022
Viking Completion Technology announced on Monday multiple contract wins valued at more than $7 million to deliver its full portfolio of well completion manufacture and design services to major MENA operators, further cementing its strong regional presence.
News
November 27, 2022
Iraq, OPEC’s second largest producer, plans to start increasing oil export capacity from its southern ports from next year to add a total of 1 million to 1.5 million barrels a day by 2025, according to its OPEC delegate.
Article
October 2022
With a contentious cohort largely sidelined, the Saudi Arabia-led OPEC+ alliance is reinforcing a hard truth: the coalition is firmly in control of the global oil market.
News
November 17, 2022
Saudi Arabia has cut oil exports sharply this month as the kingdom delivers on an OPEC+ agreement to shore up global crude markets.
News
November 16, 2022
SLB announced on Wednesday that is collaborating with Oman’s Ministry of Energy and Minerals and the Oman Investment Authority in building a national strategy to develop the potential of Oman’s geothermal resources.
News
November 14, 2022
Saudi Arabia’s wealth fund is considering an initial public offering of oil and gas driller ADES International Holding by the first half of next year, as it accelerates efforts to raise billions of dollars for new investments, sources said.
News
November 14, 2022
Moscow may have found an important new outlet in the UAE for some of its crude shunned by Europe after Russia’s invasion of Ukraine. Tracking data shows a tanker recently delivered about 700,000 barrels of Russian crude to an ADNOC refinery.
News
November 10, 2022
Saudi Arabia has established a carbon-capture sequestration center, as the state oil giant seeks to reach its goal of net-zero emissions by 2060.
News
November 08, 2022
Many of the world's oil refineries are rushing to secure supplies of Middle East crude for next year as nearly all European Union countries will be barred from purchasing seaborne cargoes from Russia within a month.
News
November 07, 2022
An oil tanker hauling a cargo of Russian crude has been sitting off the coast of the United Arab Emirates for three days, raising the prospect that the gulf state might become customer for Moscow.
News
November 01, 2022
OPEC’s crude production held steady last month after the group pledged a symbolic cutback to stabilize market sentiment, with output up 30,000 bpd to 29.98 million barrels ahead of deeper cuts this month.
News
November 01, 2022
Russia started swapping oil products with Iran, Interfax reported, the latest sign of deepening ties between the two sanctioned countries pushed closer by Russia’s war in Ukraine.
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