Author: Rigs & Barge World
Al-Khafji Joint Operations has awarded contracts for two major offshore packages and one onshore package, worth an estimated $6.7bn, under its Dorra field facilities development project Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insights SUBSCRIBE To MEED REGISTER to unlock sample content Source link
Korra Energi, a leading Egyptian provider of energy efficiency solutions and contracting services, secured EGP 5.1 billion in new contracts during the first half (H1) of 2026—a massive leap from EGP 1.1 billion in the corresponding period of 2025, noted a company disclosure to the Egyptian stock market. More significantly, Foreign currency-denominated contracts accounted for 45% of new contract value in H1 2026, bolstering foreign exchange reserves and easing international project obligations. The current backlog of contracts reached approximately EGP 15.7 billion (up from EGP 13.6 billion in H1 2025), reflecting the company’s success in securing strategic, high-value projects that…
Adnoc Gas had been forced to deal with unprecedented crises this year. The Middle East has not only restricted its primary export route, but direct Iranian strikes in April caused considerable damage to its 6.1bn cfd capacity Habshan gas processing complex, the centerpiece of the country’s gas sector. “Q2 2026 was one of the most challenging operational periods in Adnoc Gas’ history,” CEO Fatema al-Nuaimi told investors during the firm’s 10 August earnings call. Last quarter, she said attacks on the firm’s 6.1bn cfd Habshan facility had put the country’s gas network close to collapse (MEES, 15 May). Despite the…
The Abu Dhabi energy giant has been overseeing a feed-to-EPC competition among contractors for the project to build a 4 million t/y onshore LNG liquefaction facility Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insights SUBSCRIBE To MEED REGISTER to unlock sample content Source link
Saudi Aramco is holding private talks with several Asian refiners to supply crude oil through ship-to-ship (STS) transfers off Fujairah in the UAE, as producers seek alternative routes amid continued disruptions to shipping through the Strait of Hormuz, according to Reuters. STS transfer is the process of transferring cargo, such as crude oil, directly from one vessel to another at sea or in an offshore location, rather than loading or unloading it at a port. The Saudi oil giant is offering Arab Medium and Arab Heavy crude for September loading through the arrangements, the sources said. The move mirrors a…
The government of Venezuela has awarded an exploration and production license for the 4tcf Phase 2 development of the offshore Loran gas field to a consortium of BP, Adnoc’s XRG and Qatari-Syrian company UCC Holding. Each partner will hold a 33.33% stake in the project, which will be operated by BP. President Delcy Rodriguez attended the 13 August signing ceremony, underscoring the importance for Venezuela of attracting new investors into its energy sector. US President Donald Trump has also repeatedly called for foreign firms – especially from the US – to invest in Venezuela following the US capture and removal…
Fuel shortages have returned to parts of Russia in August, prompting authorities in at least 10 regions to reimpose restrictions on gasoline sales, according to Reuters citing regional authorities and media reports . Reuters witnesses said gasoline was unavailable at some petrol stations in the Moscow region on Monday, while diesel remained available at most stations. The fuel crisis, which intensified in May and spread to nearly all regions by July, was driven by refinery shutdowns following drone attacks and seasonal demand growth. Authorities responded by extending gasoline and diesel export restrictions, easing fuel quality requirements, and importing petroleum products.…
The contract is focused on accelerating technology innovation in the country’s upstream energy sector Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insights SUBSCRIBE To MEED REGISTER to unlock sample content Source link
Karim Badawi, Minister of Petroleum and Mineral Resources, has discussed with Halliburton the preparation of technical and economic studies on opportunities to increase oil and gas production across the country, with a focus on horizontal drilling and hydraulic fracturing. The studies will identify technically and economically viable applications based on the characteristics and production potential of each field and reservoir, to increase output, improve field economics, and reduce operating and production costs, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). Badawi made the remarks during talks with a senior Halliburton delegation led by Ahmed Helmy,…
Adnoc Gas is facing an unprecedented challenge because of the Middle East conflict, with gas output and revenue down significantly. Nevertheless, the company is confident that its resilience and flexibility mean it can maintain both growth plans and dividend payments. With production and sales volumes plummeting, Adnoc Gas’ balance sheet has taken a serious hit. Net income halved year on year to $665mn in the second quarter. For the year as a whole, it is guiding for $3.5-4.0bn, a sizeable drop from $5.2bn last year. (CONTINUED – 628 WORDS) Read this article for free Gain access to over 60-years of…