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Market Update Jan, 2023

Headlines – Listed below:

1 Chesapeake Announces Sale of Initial Eagle Ford Package for $1.425B
United States – Shale Gas
2 Saipem Awarded 2 Contracts for Total Amount of $900M
Brazil – EPC
3 TA’ZIZ & Proman Sign Agreement to Develop 1st Methanol Facility
United Arab Emirates – Petrochemicals
4 Hudong Selected TMC to Deliver Compressed Air System
China – Compressors, Gas
5 GTT Obtains AIP from LR for Maintenance Solution for LNG Tanks
France – Maintenance and Repair News
Discover the Opportunities in West Africa
6 Vallourec Secures Significant Orders in the Gulf of Mexico
United States – Pipe Lining
7 Koil to Provide Subsea Equipment for Shenandoah Development
United States – Subsea Production
8 Eni & Sonatrach Sign Agreements to Strengthen Energy Security
Algeria – Natural Gas
9 RWE Chooses Reganosa to Operate, Maintain New LNG Terminal
Germany – LNG Terminal
10 KARMOL Secure $71M Loan From Japanese Banks for SENEGAL FSRU
Senegal – FSRU

Reference – Gulf Oil and Gas Newsletter

Gulf Contracts, Awards, Energy Update

Gulf Oil, Gas, and Energy news, Contract awards and more..

1 ADNOC Awards Offshore Block 5 to Pakistani Consortium for $304.7M
United Arab Emirates – Acquisitions and Divestitures
2 Noble Announces Divestment of Four Jackups in Saudi Arabia
Saudi Arabia – Rigs
3 Announcement for Bidding Blocks Offshore China of 2021
China – Exploration
4 Sound Energy Completed Acquisition of Schlumberger Silk Route
Morocco – Acquisitions and Divestitures
5 VAALCO Announces Etame Co-Venturers Approve FSO Agreements
Gabon – FPSO Vessels
6 Santos Awards FEED Contract for Dorado Platform to Sapura
Australia – FEED
7 Repsol Selected Lyondellbasell’s Spherizone Technology
Portugal – Process Technology Licensing
8 Transocean Secures $252M Contract for Ultra-Deepwater Drillship
United States – Rigs
9 Mitsubishi & TotalEnergies Initiate Feasibility Study of LCO2 Carrier
France – Engineering
10 Well-SENSE & Halliburton Enter Five-Year Exclusive Agreement
United States – Downhole Survey

News Update Oil and Gas Projects in Gulf

1JGC Awarded Pre-FEED Contract for First FLNG Facility in Nigeria Nigeria – FEED
2BHP Selects McDermott to Design Trion Floating Production Unit Mexico – FEED
3TechnipFMC Awarded Contract for Ithaca’s Captain EOR Project United Kingdom – EPC
4New Angola Contract for Seadrill Joint Venture Quenguela Drillship Angola – Rigs
5Seaboard Choses Topsoe’s Technology to Produce Renewable Diesel United States – Process Technology Licensing
6NIOC Awards $1.78B Farzad Field Development to Iran Developer Iran – Development
7TGS & Halliburton to Advance Seismic Reservoir Monitoring United States – Reservoir Engineering & Recovery Methods
8Magseis Awarded 4D OBN Monitor Survey Norway – Seismic Survey
9Sasol Concludes SPA to Sell 30% in ROMPCO Pipeline Mozambique – Acquisitions and Divestitures
10Flex Enters into Time Charter Agreement for Flex Constellation Bermuda – LNG Carriers

Gulf News Update – Contract Awards

1Eni Awarded Onshore Block 7 in UAE’s Ras Al Khaimah UAE – Acquisitions and Divestitures
2Panoro Completes Farm in to Block 2B South Africa – Acquisitions and Divestitures
3Zenith Energy to Acquire Oil Assets in Tunisia Tunisia – Acquisitions and Divestitures
4Puma, Trafigura Announce Transfer Puma’s Angolan Business to Sonangol Angola – Acquisitions and Divestitures
5PetroChina & China Post Signed Product Oil Supply Agreement China – Oil
Latest EPC contract awards
6Welltec Signs Significant Contract with Saudi Aramco Saudi Arabia – Reservoir/Completion Consultants
7TechnipFMC Awarded Subsea Contract for Petrobras Brazil – Manifold
8Wartsila Secures Safe Operation for 10 LNG Gas Carriers in Arctic LNG-2 Russia – Communication Equipment
9Noble Corporation Completes Combination With Pacific Drilling United States – Mergers and Acquisitions
10Chevron, Toyota Pursue Strategic Alliance on Hydrogen United States – Hydrogen

Oil Testing in Saudi Arabia

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We enjoy wide scope capability as well as accreditation in all fields of oil analysis from basis to full and extended to blending and so on to meet customer needs. Our Saudi Laboratory covers all the suburbs from front, back, right and the left to accommodate customers with the nearest lab almost to their door step. It circles Bahrain, Qatar, Kuwait, Sudan and all other adjacent regions, helping them out with all their testing, inspection and calibration requisites from same location.

Our lab in Jubail, KSA, provides instant and state of the art services to all ships / vessels approaching and reaching Saudi Arabia with all of the on-shore, off-shore survey, quality and quantity inspection and all type of commodities testing with SAC certified and ISO accredited scope.

So feel free to drop us email and our proficient surveys would reach you out well in-time anywhere in Saudi.

UAE Business, Oil, Gas and Energy News May 2015

Abu Dhabi oil’s pivot to Asia
18 May 2015 | By Mark Watts
South Korea takes first stake in major oil concession as part of a growing interest of Asian companies in UAE production

Emirates airline
Emirates rises on falling oil
12 May 2015 | By Richard Thompson
Strong financial performance lifts carrier’s mood as it seeks to tackle head on the accusations of unfair government support by US rivals

Projects due for award in next 12 months
Projects market loses its momentum
12 May 2015 | By Mark Watts
While essential schemes are still likely to move forwards, the drop in oil prices means projects that are more speculative could be put on hold

Flanagan: I knew Emirates was going to grow
Obituary: Maurice Flanagan
12 May 2015 | By Austyn Allison
The former executive vice-chairman of Emirates airline talked to Austyn Allison in January about the carrier’s spectacular growth through the years. He passed away on 7 May

Top 10 contractors and EPC spend by country
Oil price drop reshapes top 10 contractors
11 May 2015 | By Kevin Baxter
The decline in oil prices has led to a slowdown in project spending in the region, meaning MEED’s annual contractor survey has seen a big shake up this year

Forum: Buamim leads the delegation in Bratislava
Interview: Hamad Buamin, President and CEO, Dubai Chamber
5 May 2015 | By Colin Foreman
The Czech and Slovak republics have been identified as target markets for trade with Dubai. Colin Foreman reports from Prague and Bratislava

Sultan bin Saeed al-Mansouri, UAE Economy Minister
Interview: Sultan bin Saeed al-Mansouri, UAE Economy Minister
5 May 2015 | By Colin Foreman
The fall in oil prices has reinforced the UAE’s commitment to economic diversification

UAE infographic
UAE still exposed to crude market
5 May 2015 | By Mark Watts

Dubai contract awards
Dubai counters market inertia with new projects
4 May 2015 | By Colin Foreman
As the emirate’s property market slows down, government clients have been busy driving forward projects, led by Expo 2020-related schemes

Contractors push for more design-and-build schemes
4 May 2015 | By Robert Jones
International contractors want more clients to award design-and-build deals for their major projects

Gulf Business News Feb 2015

Oman tenders sewerage work
Construction of sewerage networks in Suwaiq

Dubai increases planned solar capacity
Planned capacity of park was 1,000MW and has increased to to 2,600MW

Libya pipeline attacked
Supplies to Marsa al-Hariga are cut

Oman extends Batinah expressway bid deadline
Tender closing date extended for package 11 of road project

Kuwait approves development plan
Previous five-year plan ended in December 2013

Air Arabia posts 30 per cent profit increase
Annual passenger numbers climb to 6.8 million in 2014

Russia and Algeria discuss oil prices
Cooperation between oil producing nations was discussed with Saudi Arabia

Masdar awards solar consultancy contract
German firm providing technical advisory services for Noor 1 solar development

Firms bid for Dubai Metro rolling stock
Study will help increase capacity

Firms bid for Dubai Metro rolling stock
Study will help increase capacity

El-Seif wins $2bn worth of Jizan contracts
Local contractor will build multiple residential areas in Jizan

Bahrain plans to tender Tubli expansion in March
Bahrain upgrades wastewater treatment capacity