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Gastech 2023 to feature exclusive roundtable discussions on gas, LNG and hydrogen

A series of 10 invitation-only roundtable discussions will be held as part of the Gastech 2023 conference and exhibition, which will focus on the major themes of energy supply security, low-carbon energy for sustainable global growth, energy transition alliances, and the development of the energy industry workforce globally

The roundtable discussions will see participation from more than 10 energy ministers and 100 C-suite executives from across APAC, Europe, the US, and beyond, to discuss action and tangible solutions accelerating the future of the gas and energy industries and supporting global decarbonisation goals towards a more secure energy future. They will focus on gas, LNG and hydrogen as key enablers and accelerators of the energy transition.

UNEP will host a Roundtable asking: ‘How will the gas and LNG industry make a step change in its decarbonising efforts?’. UNEP OGMP 2.0 manager Giulia Ferrini will be joined by representatives from the Gas Exporting Countries Forum (GECF), Zhero, SLB, the World Bank, the Global Centre for Maritime Decarbonisation, ENGIE, Linde, and TES to debate strategies to tackle the existential issue of methane emissions curbs.

Giulia Ferrini  said, “The oil and gas sector needs to act and curb methane emissions as a first step towards their decarbonisation efforts. It is only through collaboration, accountability, and transparency that industry can be part of the transition to sustainable energy and urgently address the climate crisis.”

A range of measures are already being evaluated, from responsibly produced gas to CCUS to more efficient engines in ships. Convening a broad panel of public and private sector players will ensure that these important questions are not just asked but answered.

A session on ‘Hydrogen - unlocking the off-takers and market signals needed to secure demand’ will be led by Siemens Energy, addressing the critical role of hydrogen in the path to net zero and reducing scope 3 emissions in hard-to-abate sectors. Insights will focus on accelerating APAC’s ability to unlock the roll-out of its hydrogen economy, while balancing decarbonisation, energy security, and affordability.

Anne-Laure de Chammard, member of the Executive Board of Siemens Energy, said, “Engaging in conversations about hydrogen becomes crucial as we seek to shape policies, attract investments, and establish markets. Nevertheless, the road towards a thriving hydrogen economy is complex, requiring careful navigation to ensure tangible benefits for all stakeholders while considering its impact on our planet.”

Key outcomes from the Gastech 2023 Leadership Roundtables will feed into industry reports produced by Wood Mackenzie, with the aim to support the global energy agenda and inspire the industry to develop the crucial strategies required to accelerate energy progress and meet net zero targets.

Simon Flowers, chairman & chief analyst, Wood Mackenzie, said: “The gas outlook remains bullish, for LNG in particular. LNG demand growth, mainly from Asia, requires another 100 mmtpa of new capacity to be built by the mid-2030s on top of that already under construction. While this growth is positive, suppliers also face multiple challenges: margins are at risk from cost inflation, developers must meet growing calls for low-carbon-footprint LNG and securing long-term offtake with Asian buyers is key. I can’t think of a better time and location for the industry to be meeting than in Singapore for this year’s Gastech.”

Gastech takes place from 5-8 September in Singapore. For the opportunity to participate in the Gastech 2023 Leadership Roundtables, apply to become a Gastech Energy Club Member by registering your interest here.

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The company is expecting a base work programme for 2026.

Exploration & Production

In line with its ambitions, Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, has managed to record a gross average production of around 41,400 bopd in 2025

The company's approach involved transitioning from trucking sales to pipeline exports via the Iraq-Türkiye Pipeline so that volumes can be quickly ramped up to attain full well capacity. 

Well workover is currently underway to bring back two wells online, which in turn, will result in increased production rates by early 2026. A three-week shutdown is also in plans next year to ensure safety upgrades at PF-2, with equipment tie-ins to be conducted as well. Engineering design work is on track for the installation of PF-2 water handling in 2027. 

Jon Harris, Gulf Keystone’s chief executive officer, said, "2025 has been a milestone year for the Company after pipeline exports from the Shaikan Field were successfully restarted in September following a hiatus of over two and a half years. Liftings allocated to Gulf Keystone and other IOCs commenced in November and we are pleased to have recently received our first payment. The process as outlined in the interim exports agreements is working and we look forward to a return to full PSC entitlement at international prices following the international independent consultant’s review.

"We are on track to meet our production, capital and cost guidance for 2025. Strong operational and financial performance in the year has enabled us to safely advance key projects while distributing US$50mn of dividends to shareholders. Cumulative production from the Shaikan Field recently surpassed 150 million barrels, underlining the scale and quality of the asset. Looking ahead to 2026, we are expecting a base work programme focused on the progression of current projects. We are also embedding optionality to restart drilling and review disciplined field development, contingent on consistent exports payments at international prices. We are excited about a potentially transformational year for the company and remain focused on executing for our shareholders."



Hail and Ghasha under construction. (Image source: ADNOC)

Industry

ADNOC, in partnership with Eni S.p.A. and PTT Exploration and Production Public Company Limited (PTTEP), has announced the successful signing of a landmark structured financing transaction of up to US$11bn(AED 40.4bn) for its offshore Hail and Ghasha gas development

Hail and Ghasha is part of the Ghasha Concession, located offshore Abu Dhabi, which is expected to produce 1.8bn standard cubic feet per day (bscfd) of gas. As such, project will play a vital role in meeting ADNOC’s goal of gas self-sufficiency and the rising demand for exports. It is also the world’s first offshore gas project of its kind that aims to operate with net zero emissions, capturing 1.5 million tonnes per year (mtpa) of carbon dioxide (CO2).

In addition to providing immediate access to capital, the financing structure introduces an innovative commercial model that ring-fences midstream processing facilities and operations, which enables ADNOC and its partners to raise low-cost funding while retaining strategic and operational control of the assets.

This is the latest in a series of landmark midstream and infrastructure transactions, including a US$4.9bn (AED18bn) oil pipeline partnership, and a US$10.1bn (AED 37.1 bn) gas pipeline agreement, with some of the world’s leading global infrastructure and institutional investors.

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC managing director and Group CEO, said, “This landmark transaction builds on ADNOC’s successful track record of global energy partnerships and unlocks capital to drive progress at Hail and Ghasha, one of the world’s most ambitious offshore gas projects. The exceptional demand from over 20 leading global and regional financial institutions reinforces confidence in ADNOC’s value creation strategy, innovative approach to financing, and expertise in delivering mega projects. Hail and Ghasha is an important contributor to ADNOC’s gas strategy and is on track to generate significant value for ADNOC, our partners, and the UAE, while unlocking important new gas resources for our customers.”

The agreement with strengthen Saudi Arabia's base oils sector. (Image source: Adobe Stock)

Petrochemicals

Bahri Chemicals, a subsidiary of logistics and transportation company Bahri, has signed a Contract of Affreightment (COA) with Luberef to strengthen Saudi Arabia’s base oil and petrochemicals sectors

Under the agreement, Bahri Chemicals will transport base oil produced in the kingdom from local ports to destinations across the Arabian Gulf and the west coast of India.

The strategic partnership will unlock synergies between the two companies, reflecting their shared commitment to advancing Saudi Arabia’s base oils sector, while also serving as an example of collaboration under the Saudi Inc. initiative, which strengthens partnerships and growth among Saudi companies.

Faisal Al Husseini, president of Bahri Chemicals, said, “This agreement with Luberef builds on our long-standing collaboration and reflects Bahri Chemicals’ commitment to delivering reliable, flexible, and customer-first maritime transportation solutions. Together with Luberef, we aim to create long-term value for our customers and contribute to the Kingdom’s economy.”

Eng. Samer A. Al-Hokail, President & CEO of Luberef, added, “This agreement represents another important step in our partnership with Bahri Chemicals toward enhancing the efficiency and resilience of our operations across international markets. We look forward to further strengthening our cooperation to deliver sustainable value to customers and to advance the Kingdom’s standing in the base oil sector.”

Luberef is one of the world’s leading suppliers of high-quality base oils, serving markets in Saudi Arabia and India, in addition to various markets across the Middle East and North Africa.

Bahri Chemicals is one of the largest owners and operators of chemical tankers in the Middle East, currently operating a fleet of 50 vessels, through which it provides maritime transportation services to a global customer base in the chemicals, clean petroleum products, and vegetable oils sectors.

The Kingdom 4 award marks the 45th order for the LeTourneau Super 116 series.

Technology

A prominent shipyard in the MENA region, International Maritime Industries has booked Seatrium Offshore Technology's services by a repeat contract 

This binds Seatrium to supply IMI with equipment and license for a LeTourneau Super 116E Class Self-Elevating Drilling Unit (SE-MODU), Kingdom 4.

The Kingdom 4 project comes after the Kingdom 3 contract that was delivered earlier this year, both approached in line with the Kingdom’s Vision 2030 objectives of technology leadership, sustainability and local content development.

The project design will follow the Kingdom 3 style -- the LeTourneau Super 116E Class next-generation jack-up that is tailored for operational requirements in the MENA region. The rigs are equipped with 343-foot legs 1.5-million-pound hook load capacity, and advanced cyber systems for challenging offshore situations. 

The rig yards have scope for vessel-building, and Seatrium offers rig kits to meet local content requirements. The company's legacy in jack-up rig designing and construction can be traced back to 1955, when it established the world’s first independent leg jack-up drilling rig.

The Kingdom 4 award marks the 45th order for the LeTourneau Super 116 series, reaffirming its position as one of the most trusted and widely deployed jack-up designs globally. Seatrium has designed and contributed to the construction of more than half of all jack-up rigs in service worldwide, including 65% of those operating in the Middle East.

The webinar will transform confined space inspections. (Image source: Flyability)

Webinar

Despite advances in digital technology, many oil and gas sites across the Middle East still rely on manual entry for tank and vessel inspections, resulting in days of downtime, high scaffolding costs and risk to human life

What if you could change all that with drone technology?

Inspections drones such as the Elios 3 are revolutionising the world of confined space inspections, improving safety, reducing downtime and enhancing operational efficiency.

Join us for an exclusive live webinar hosted by Flyability in association with Oil Review Middle East on ‘Transforming oil and gas operations with the Elios 3 drone’ on Tuesday 2 September at 2pm GST. Industrial experts will explain how drones such as the Elios 3 are transforming confined space inspections, and how you can integrate this technology into your operations seamlessly.

Key highlights:

Drone integration: learn how to safety and effectively implement drones in confined space
Safety and training: understand essential safety protocols and training strategies for your team
ROI: discover how to measure and achieve a strong return on investment with drone technology
Real world use cases: hear from the engineers using drone tech in the field on the impact Elios 3 is having on in oil and gas inspections.

Speakers and host:

Fabio Fata – senior sales manager, Flyability (moderator)
Eralp Koltuk – inspection lead engineer, Tüpraş
Danijel Jovanovic – director of operations, ZainTECH

Take your operations to the next level! Don’t miss out on gaining valuable insights into how drones can make inspections safer, faster and smarter .

From making inspections in hazardous confined spaces much safer to streamlining the whole process and providing valuable real-time data, you will get to see exactly how the Elios 3 is changing the game.

Register for the free webinar here.

Methane emissions reporting is improving, but more action is needed to reduce emissions. (Image source: Adobe Stock)

Energy Transition

Government and industry responses to UN Environment Programme (UNEP) satellite methane alerts rose from 1% to 12% cent in the past year, and oil and gas methane emissions reporting has improved, but action needs to accelerate to achieve the Global Methane Pledge goal of curbing methane emissions 30% by 2030, according to a new UNEP report

Atmospheric methane continues to be the second biggest driver of climate change after carbon dioxide, responsible for about one-third of the planet’s warming, and real-world data is a critical tool to track and reduce methane emissions.

The fifth edition of the UN Environment Programme’s (UNEP) International Methane Emissions Observatory (IMEO) publication, An Eye on Methane: From measurement to momentum, finds that member oil and gas companies of IMEO’s Oil and Gas Methane Partnership 2.0 (OGMP 2.0) are set to track one-third of emissions from global production using real-world measurements. The OGMP 2.0 is the world’s global standard for methane emissions measurement and mitigation in the oil and gas sector. Over the past five years, OGMP 2.0 membership has more than doubled to 153 companies in the countries, covering 42% of global oil and gas production.

One-third of global oil and gas production reports, or will soon report, emissions at OGMP 2.0’s Gold Standard – meaning emissions are tracked with real-world measurements. This positions a large amount of the global industry to effectively measure – and thus mitigate – emissions. One of the companies achieving 'Gold Standard reporting' in 2024 for having effectively achieved the highest levels of data quality is Eni. OGMP 2.0’s 2025 report recognized Eni for its continued progress, including identifying and quantifying emissions across non-operated assets, as well as training and technical assistance on the LDAR (Leak Detection and Repair) approach to fugitive emissions. LDAR training sessions were organised with the support of UNEP and delivered to National Oil Company (NOC) personnel.

The report highlights that while government and company responses to alerts from IMEO’s Methane Alert and Response System (MARS) have grown tenfold over the previous year, nearly 90% remain unanswered, necessitating an increase in response rates. Through MARS, UNEP has sent over 3,500 alerts about major emissions events across 33 countries. These alerts are based on satellite monitoring and artificial intelligence-supported analysis. IMEO has documented 25 cases of mitigation action in ten countries since MARS was launched in 2022, including across six new countries during the past year.

“Reducing methane emissions can quickly bend the curve on global warming, buying more time for long-term decarbonisation efforts, so it is encouraging that data-driven tools are helping the oil and gas industry to report on their emissions and set ambitious mitigation targets,” said Inger Andersen, executive director of UNEP. “But to keep the Paris Agreement targets within reach, the important progress on reporting must translate into cuts to emissions. Every company should join the Oil and Gas Methane Partnership 2.0, and both governments and operators must respond to satellite alerts – then they must act to reduce emissions.”