News

  • ADNOC enters new UAE pipelines consortium

    ADNOC has entered a midstream pipeline infrastructure partnership with institutional investors KKR and BlackRock.   They have agreed to form a new entity called ADNOC Oil Pipelines – Sole Proprietorship LLC (ADNOC Oil Pipelines). Over a 23-year period this will lease ADNOC’s interest in 18…

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  • Aramco lets contracts for Marjan oil field work

    Saudi Aramco has let two contracts to McDermott International Inc. for engineering, procurement, construction, and installation services for Marjan oil field offshore Saudi Arabia.   Aramco is expanding production capacity of Marjan field, now 500,000 b/d, by 300,000 b/d.   One contract – valued at…

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  • Somali offshore oil dreams threatened by border dispute

    Somalian offshore blocks, soon to be offered to interested oil companies as part of its first offshore licensing round, could hold billions of barrels of oil equivalent, however, maritime dispute with Kenya and other political risks could hamper its efforts towards fulfilling its offshore oil…

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  • Iran seeking clarification on South Pars Phase 11 status

    Bijan Zangeneh, Iran’s Minister of Petroleum, flew to China earlier last week to discuss cooperation between the two countries.   According to news service Shana, one of his priorities was to firm up the status of the South Pars Phase 11 gas/condensate development in the…

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  • Global Gas Demand to Grow Ten Percent to 2030

    Global demand for gas will grow by around ten percent towards 2030.   That is what Equinor expects, according to a statement posted on its website on the 21st February, which revealed that the company sees “strong market opportunities for gas”.   In an energy…

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