UAE

Production has started on the Mahani field in Concession Area B of the Sharjah Emirate, the first startup from a new discovery onshore Sharjah in 37 years.

The two oil companies will spend more than $400 million to find targets in the expansive offshore area that is currently the subject of the world’s largest 3D survey.

Two contracts awarded for flowlines and wellheads at ADNOC’s Abu Dhabi oil fields are expected to be completed in 5 years. A third contract to develop a bypass system for its Jebel Dhanna and Fujairah terminals is expected to be completed in 30 months.

Saudi energy minister warns speculators not to bet against the OPEC+ alliance.

The $20.7-billion agreement is the single-largest energy infrastructure investment in the region.

Launched in collaboration with industry leaders and academia, the Microsoft Energy Core aims to accelerate digital transformation, build coalitions for responsible innovation, deliver skilling initiatives, and address sustainability and societal challenges.

Middle East could lose 15% of ethane-based ethylene supply in 2020 because of oil supply dynamics.

The contracts were awarded in February. Petrofac said it is working with ADNOC to explore alternative options.

Petrofac continues working relationship with UAE following contract awards for Dalma Gas Development project.

The most recent hydrocarbon production boom is under way in the Middle East, and this time, the race is spilling into offshore waters.