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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...

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ADNOC Drilling completes its first offshore Integrated Drilling Services well

ADNOC Drilling completes its first offshore Integrated Drilling Services well

ADNOC Drilling announced the completion of its first offshore integrated drilling services. The discussions between H.E. Dr. Al Jaber and H.E. Mr. Novak coincided with the 24th meeting of the World Energy. The Abu Dhabi National Oil Company (ADNOC) and the Chartered Institute of Personnel and Development (CIPD) have announced an agreement. The milestone follows...

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Saudi Arabia says Iranian weapons were used to attack oil facilities

Saudi Arabia says Iranian weapons were used to attack oil facilities

Saudi Arabia said preliminary findings show Iranian weapons were used in the attack on one of its key oil installations. Saudi Arabia’s deputy permanent representative to the UN, Dr. Khaled Manzlawiy. The drone attack that took place in the early hours on last Saturday. It stopped short of directly blaming the Islamic Republic for the...

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ADNOC awards Vallourec $900 million OTCG supply contract

ADNOC awards Vallourec $900 million OTCG supply contract

Vallourec has been awarded a contract by Abu Dhabi National Oil Company for the supply of tubing. The Abu Dhabi National Oil Company (ADNOC) is implementing an integrated gas strategy. Abu Dhabi National Oil Co. (ADNOC) has big plans for Ruwais City, a community located near the company’s massive. It casing, over a five year...