Oil & Gas

  • Nova 1st oil: Wintershall Dea increases...

    It comes on stream at a time where Europe needs every additional barrel it can get. The completion of Nova emphasizes Wintershall Dea’s strength as one of the largest subsea operators on the Norwegian Continental Shelf.

     

  • Saudi oil exports jump 106% to over $30bln in May

    Saudi Arabia’s oil exports jumped 106 percent, reaching SR116 billion during the month of May 2022 while compared to the same period last year, according to the latest report published by the General Authority for Statistics (GASTAT) on Monday.

  • James Fisher and NMDC Ink Deal to Partner on...

    UK-based James Fisher and Sons plc and Abu Dhabi’s NMDC Group, an engineering, procurement and construction company working in the marine construction and oil and gas industries, have signed a memorandum of understanding to collaborate on projects and opportunities in the oil and gas sector as well as decommissioning, offshore wind and marine civil construction industries worldwide.

  • Guyana enters the big league as O&G revenues...

    As the burgeoning Guyanese offshore oil and gas industry goes from strength to strength, powered by the Stabroek block, government revenue from domestic production is on track to break the $1 billion mark this year and accelerate to $7.5 billion annually in 2030, according to Rystad Energy research. This year is set to be a turning point for the Georgetown government to start capitalizing on the vast reserves in the offshore field, with revenues more than doubling over 2021 levels.

  • Schlumberger sees energy security as basic driver...

    Schlumberger sees “very robust” oil and gas drilling activity in second-half 2022, underpinned by the need for energy security and “urgency” to provide more varied and reliable oil and gas supply sources, the global oilfield services provider’s top executive said July 22.

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James Fisher and NMDC Ink Deal to Partner on Marine and Subsea Projects

UK-based James Fisher and Sons plc and Abu Dhabi’s NMDC Group, an engineering, procurement and construction company working in the marine construction and oil and gas industries, have signed a memorandum of understanding to collaborate on projects and opportunities in the oil and gas sector as well as decommissioning, offshore wind and marine civil construction industries worldwide.

English

Saudi oil exports jump 106% to over $30bln in May

Saudi Arabia’s oil exports jumped 106 percent, reaching SR116 billion during the month of May 2022 while compared to the same period last year, according to the latest report published by the General Authority for Statistics (GASTAT) on Monday.

English

Guyana enters the big league as O&G revenues break $1 billion in 2022, grow to $7.5 billion in 2030

As the burgeoning Guyanese offshore oil and gas industry goes from strength to strength, powered by the Stabroek block, government revenue from domestic production is on track to break the $1 billion mark this year and accelerate to $7.5 billion annually in 2030, according to Rystad Energy research. This year is set to be a turning point for the Georgetown government to start capitalizing on the vast reserves in the offshore field, with revenues more than doubling over 2021 levels.

English

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