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ADNOC awards Petrofac $1.65B Dalma Gas Development contract

ADNOC awards Petrofac $1.65B Dalma Gas Development contract

Petrofac Emirates has been awarded two contracts, together worth around US$1.65 billion with Abu Dhabi National Oil Company in the United Arab Emirates. The new 15-year agreement, with an option of a 5-year extension, will enable ADNOC L&S to unlock value. In man-hours, the two FEED contracts, collectively, are the largest awarded by an oil...

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UAE finds 80 tcf gas field, the world’s biggest since 2005

UAE finds 80 tcf gas field, the world’s biggest since 2005

Dubai and Abu Dhabi made what could be the world’s largest natural gas discovery since 2005 as the two biggest sheikhdoms in the United Arab Emirates. UAE is committed to implementing the global plan to reduce disaster losses via the Sendai Framework. It keen to develop a museum and future strategy. It’s aim to push...

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Kuwait to resume oil output in area shared with Saudis by March

Kuwait to resume oil output in area shared with Saudis by March

Kuwait plans to restart oil production by March at the Wafra field that it shares with Saudi Arabia. Kuwait and Ethiopia are in talks to work out an agreement on sending domestic helpers. The Kuwait army has denied claims that recent US air strikes on Iraq were launched from military bases. It more than four...

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Petrofac to establish Petrogas NEO UK’s new North Sea operations

Petrofac to establish Petrogas NEO UK’s new North Sea operations

Petrofac has been selected by Petrogas NEO UK – a jointly owned company created by Petrogas E&P UK, and NEO Energy. Company announces a new contract and the award of an additional scope of work with Petroleum Development Oman (PDO). Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of...

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Saudi Arabia, Kuwait agree to resume oil output at shared fields

Saudi Arabia, Kuwait agree to resume oil output at shared fields

Saudi Arabia and Kuwait agreed to resume oil production in a shared border region more than four years after halting output. Kuwait has said it is ready to host Yemen’s opposing factions for UN-sponsored talks. Former Kuwaiti lawmaker Walid Al Tabtabaie, convicted for storming parliament in 2011. The government submitted its resignation to Kuwait’s Emir...

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Schlumberger commits to Paris Agreement emissions-reduction targets

Schlumberger commits to Paris Agreement emissions-reduction targets

Schlumberger announced its commitment to setting a science-based target to reduce its greenhouse gas emissions. The target will align Schlumberger with the goals of the Paris Agreement to reduce climate change. This award is issued under the 20-year subsea master order for the Gulf of Mexico. Schlumberger’s commitment has been submitted to the Science Based...

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Schlumberger and Dataiku partner to offer enterprise-scale artificial intelligence

Schlumberger and Dataiku partner to offer enterprise-scale artificial intelligence

Schlumberger and Dataiku have entered into an exclusive technology partnership that will enable the E&P industry. Company announced that Simon Ayat, Executive Vice President and Chief Financial Officer, will step down from this position. Company hold a conference call on January 17, 2020 to discuss the results for the fourth quarter and full year ending...

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ADNOC, LUKOIL sign cooperation agreement on UAE gas fields

ADNOC, LUKOIL sign cooperation agreement on UAE gas fields

ADNOC has awarded to a subsidiary of LUKOIL a 5% stake in the Ghasha ultra-sour gas concession. LUKOIL and Vladimir Region concluded an Agreement on Cooperation in the city of Vladimir. The Volgograd refinery a wholly-owned subsidiary company. LUKOIL got first place in the 2019 Environmental, Social and Governance (ESG) rating. Ghasha, Dalma and other...

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ADNOC taps Weatherford for $220 million rotary steerables contract

ADNOC taps Weatherford for $220 million rotary steerables contract

Weatherford has signed a $220 million, three-year contract with ADNOC Offshore. The Abu Dhabi National Oil Company (ADNOC) announced that it is establishing a new trading unit. As global exploration, development and production of oil and gas resources shifts to more complex. Company provide directional drilling services for the stated goal of increasing offshore production...