International

ADNOC Drilling lands $2bn in contracts

ADNOC Drilling has been awarded two substantial contracts totaling $2bn for the Hail and Ghasha development project in the United Arab Emirates (UAE).

EU Countries Seek Deal on Weakened Plan to Cut Winter Gas Use

Europe faces a further gas squeeze this week, after Russian Gazprom said it would again slash flows through the Nord Stream 1 pipeline

Sonatrach: Gas supplies to Spain temporarily suspended

The Spanish technical teams are working to carry out the necessary repairs and restore the gas supply to Spain as soon as possible

Libya to increase oil production to 1.2mln bpd in two weeks - NOC

Current oil production is at 860,000 bpd, compared with 560,000 bpd before resuming production, NOC added

Putin discusses oil market with Saudi crown prince who hosted Biden last week

The conversation took place six days after U.S. President Joe Biden visited the prince in Saudi Arabia - highlighting the kingdom importance to both Washington and Moscow at a time when Russia war in Ukraine is roiling global energy markets

Mena Power Projects Forum to focus on $250bln worth of projects

The combined committed and planned investments in the Mena power sector will exceed a total of $250bln including $93bln committed and $157bln planned, according to a report by Arab Petroleum Investments Corporation

Gazprom expects Siemens to continue servicing Nord Stream 1 turbines

Kremlin-controlled Gazprom has said it could not guarantee the safe operation of a critical part of the pipeline that runs under the Baltic sea to Germany because of doubts over the return of a turbine from Canada

U.S. and Saudi Arabia sign 18 agreements in energy, other areas

The United States and Saudi Arabia signed 18 partnership agreements in fields including energy, communications, space and healthcare during a visit by U.S. President Joe Biden, Saudi state TV al-Ekhbariya reported.