Abu Dhabi’s XRG has finalized a deal to partner with Malaysia’s Petronas in Turkmenistan’s upstream sector. In a 14 May announcement, XRG stated that the two firms have signed a production sharing contract (PSC) wi...
Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy, stated that its LNG project in the USA is set to start production by the end of 2025. He added that its North Fi...
The Ministry of Petroleum and Mineral Resources announced Tuesday a new agreement with Ardiseis, a subsidiary of Arabian Geophysical and Surveying Company (Argas), to conduct a 2D seismic survey spanning 5,233 kilometers...
Kuwait is examining a new contract model for IOCs operating in the country as it targets a 1mn b/d increase in crude oil production capacity over the next decade, MEES understands. Capacity currently stands at 3mn b/d (s...
Minister of Petroleum and Mineral Resources Karim Badawi met with Minister of Electricity and Renewable Energy Mahmoud Esmat to review the action plan for the electricity and petroleum sectors. They also reviewed the pre...
Saudi Arabia is making inroads in bringing down its astronomically high oil burn levels says Aramco CEO Amin Nasser. Speaking on the firm’s 12 May Q1 earnings call, Mr Nasser said “we have been seeing the first impac...
Pharaonic Petroleum Company (PHPC) recorded 117% of its approved production plan in 2024/2025, with a daily average of 76,280 barrels of oil equivalent (boe), said company Chairman, Hossam Zaki. During the company’s ge...
Egyptian Linear Alkyl Benzene Company (ELAB) Chairman, Alaa Abd ElFattah, announced that his company achieved its highest production rate of Linear Alkyl Benzene (LAB), a key ingredient in industrial detergents, since it...
Saudi Aramco is the engine on which the kingdom’s economy relies, with oil accounting for 60% of government revenues last year. The continued downturn in global oil prices is therefore problematic not just for Aramco�...
Emirati Mubadala Energy has signed an initial agreement with Indonesia’s state-owned fertilizer producer, Pupuk Indonesia, to supply natural gas, Reuters reported, citing Paul Slinger, the Head of Communications at Mub...
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