Tag Archives: Trade Arabia

Italian oil major has Eni has announced a new oil discovery, in Meleiha Concession, in the Western Desert of Egypt. The discovery was achieved through the Arcadia 9 well, drilled on the Arcadia South structure, which is located 1.5 km south of the main Arcadia field already in production. The …

The Organisation of Arab Petroleum Exporting Countries (OAPEC) have said that its members support the long-term oil-indexed contracts for natural gas as they provide guaranteed stability to the market as well as minimise risks on capital-intensive projects. “In our opinion, long-term contracts bring stability and a win-win situation between the …

Qatar Petroleum has announced a new gas/condensate discovery in the Luiperd prospect, located in Block 11B/12B, in the Outeniqua Basin, 175 kilometres off the southern coast of South Africa. This is the second significant discovery in Block 11B/12B, which is being explored by Qatar Petroleum and its partners, Total (operator), …

Most GCC equity markets ended September in green despite concerns of economic recovery amid threat of second wave of Covid-19 and fall in oil prices, said the Kuwait Financial Centre (Markaz) in its Monthly Markets Review report. The S&P GCC composite index gained 2.5%, with all markets except Abu Dhabi …

Siemens Smart Infrastructure and Infrastructure and hydrogen specialist WUN H2 have signed a contract to build a large CO2-free hydrogen production plant the plant running solely on renewable energy in Germany. It will be built in Wunsiedel in the north of Bavaria with a power intake of six megawatts in …

Germany-based energy company Uniper and General Electric have signed an agreement aiming at a long-term collaboration on the decarbonization of Uniper’s gas-fired power plants and natural gas storage facilities. GE’s Gas Power business and Uniper will explore, assess, and develop technology options for decarbonization — GE’s first fleet-wide decarbonization program …

Social distancing is directly affecting global travel, logistics and material handling, as well as potentially creating gaps along the oil and gas supply chain that will take some time to fix, says GlobalData, a leading data and analytics company. The company’s report, ‘Coronavirus (COVID-19) Case Study: Impact on Oil & …

Shell. along with energy giant Total. have signed agreements with the Omani government to monetize gas resources in the Greater Barik area.

The UAE can raise production to 3.5 million barrels per day. only if needed.

Saudi Aramco’s gas development programme is expected to attract as much as $150 billion in investment over the next decade.