Eni reportedly considering to spin-off West Africa, Middle East assets
Spinning off operations into new joint ventures could help reduce debt and give capital for funding energy transition plans. Italian energy company Eni is reportedly mulling the separation of its oil and gas businesses in West Africa and the Middle East in a move to cut down its debt. The company will look to spin […]
Oil Dynamics: Water production from deep aquifers installed in Middle East
Water production from deep aquifers: Middle East installation by Oil Dynamics GmbH Team. A team of Oil Dynamics GmbH recently finished a substantial water installation in a wide mountainous area in the Eastern Mediterranean. The German company supplied a turn-key electric submersible pumping system (ESPS) including the electrical variable speed drive, control system, wellhead and […]
Fugro opens new Remote Operations Center in Abu Dhabi
The center is delivering remote and autonomous solutions to clients in the Middle East and India region. Fugro has opened a new remote operations center (ROC) in Abu Dhabi. The company now has eight ROCs operating across all four regions. By combining the ROC’s capabilities with its new uncrewed surface vessel operations, Fugro’s teams can […]
Rystad expects swift recovery in offshore oil & gas pipeline market led by Middle East
The global oil and gas market demand for a large-diameter offshore pipeline, known as trunkline, is set for an annual drop of 26 per cent this year, with the size of total installations forecasted to reach 2,150 kilometres (km), a Rystad Energy analysis shows. This downturn’s impact on trunkline demand is, however, lighter than that […]
Siemens to modernize offshore jack-up rig for Arabian Drilling Company
German conglomerate Siemens has been awarded a contract by Arabian Drilling Company to modernize an offshore jack-up drilling rig for a customer in the Middle East. Siemens said that the upgrade of the rig’s integrated drilling-drives lineup, including auxiliaries, and controls would enable the customer to meet the latest safety standards. Delivery of the new […]
Italian Exhibition Group open Ecomondo & Key Energy in Rimini, Italy
Italian Minister for the Environment Costa: “Ecomondo is the most important Green Ecology Show in the World”. Also representing the Government, Riccardo Fraccaro, Undersecretary to the Presidency of the Council of Ministers, and Antonio Misiani, Undersecretary for Economy and Finance; Message from Stefano Patuanelli, Minister for Economic Development. From new models of circular economy development to […]
Italy: Green Business in North Africa and the Middle East at Ecomondo
The countdown has begun for Ecomondo 2019, the Euro Mediterranean area’s number one green and circular economy show that runs alongside Key Energy, the renewable energy show. Over 500 buyers on their way to Italy for Ecomondo registered on the platform to fix their business appointments in their agendas with a net growth of those […]
Power dominates MENA energy investment plans – Oil & Gas Journal
Electric power accounts for most energy investment planned in the Middle East and North Africa (MENA) during the next 5 years as oil and gas spending recovers in the region’s major oil-producing countries. Arab Petroleum Investments Corp. (Apicorp), Dammam, projects 5-year energy spending of $919 billion in MENA countries. Of that, $345 billion is for […]
Middle East LNG demand set to decrease as Egypt becomes more self sufficient
Egypt could become a net exporter of energy again as it ramps up production from the Zohr gasfield. Middle East imports of liquefied natural gas are set to decrease as Egypt becomes more self sufficient, but the Arabian Gulf region will need more of the fuel amid a gas deficiency in several states. Egypt could […]
Infographic: MENA LNG imports and exports (LNG World Shipping)
The latest LNG World Shipping infographic highlights how the Middle East and North Africa region has evolved from an export-dominated LNG market to become one of the world’s fastest-growing LNG-import markets. Egypt and Abu Dhabi, previously exporters of LNG, are now also regasifying cargoes. Jordan has joined the LNG importers’ club and established importers Turkey […]
