International

NPCC awarded $2.23bn contract by Saudi Aramco

National Petroleum Construction Company, which is wholly owned by the National Marine Dredging Company, was awarded a major contract by Saudi Aramco for works related to the Zulf marine field in the kingdom.

Russian annual oil output recovers in 2021 after slump

Russia annual oil production rose by more than 2 percent last year thanks to the easing of output cuts by the OPEC group of leading oil producers after a pandemic

Russian pipeline faces big hurdles amid Ukraine tensions

The pipeline is built and being filled with natural gas. But Russia’s Nord Stream 2 faces a rocky road before any gas flows to Germany, with its new leaders adopting a more skeptical tone toward the project and tensions ratcheting up over Russia’s troop buildup at the Ukrainian border.

Libyan NOC declares force majeure on Zawia and Mellitah crude exports

National Oil Corp (NOC) has declared force majeure on crude exports from the Zawia and Mellitah terminals, a document sent to traders and seen by Reuters showed on Monday

ExxonMobil, Qatar sign Cyprus gas deal

US giant ExxonMobil and Qatar Energy signed a contract on Friday for oil and gas exploration and production-sharing off the divided island of Cyprus.

Jordan to explore for oil in two areas in February, minister says

Jordan will begin oil exploration in two areas, Al-Jafr and Al-Sarhan

ADIPEC 2021 First Smart Manufacturing Conference to Redefine The Global Industrial Sector

Held under the patronage of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the United Arab Emirates, and hosted by the Abu Dhabi National Oil Company

UAE, Opening Oil and Gas Summit, Says No Unplugging From Hydrocarbons

Abu Dhabi National Oil Co (ADNOC) Chief Executive Sultan al-Jaber said on Monday the world could not "simply unplug" from hydrocarbons and that the oil and gas industry needed to invest over $600 billion a year until 2030 to meet expected demand