Exploration & Production

OGCI release 2022 progress report on net zero targets

AdobeStock 488627036The 12 member companies of the Oil and Gas Climate Initiative (OGCI) reduced their upstream emissions, launched an industry-wide initiative to cut methane emissions to near zero and increased investment and activities in low-carbon technologies that will support broader decarbonisation efforts

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SSI signs with Sonihull to bring eco-friendly solutions to oil & gas industries

Bobby StevensStevens Supply International (SSI) announced that it has signed an Exclusive Dealer Agreement with UK-based Sonihull for official representation through its Muscat, Mumbai, Singapore, Baku and Accra locations

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ADNOC confirms multi-billion dollar agreement on integrated drilling fluids services

AdobeStock 181961238ADNOC Drilling Company PJSC confirmed the award of a five-year framework agreement valued at up to US$1.6bn for integrated drilling fluids services (IDFS) to support the expansion of ADNOC’s lower-cost and lower-carbon intensive production capacity, as it continues to respond to growing global demand for energy

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Uncertainty prevails over Turkey-Libya exploration deal

Turkey Libya Exploration Deal

Recep Tayyip Erdoğan, the President of Turkey, has signed a memorandum of understanding with Abdul Hamid Dbeibah, Prime Minister of the Tripoli-based Government of National Unity to explore the latter’s oil and gas resources

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Saudi economy booms thanks to high oil prices and non-oil sector growth

Scott Livermore ICAEWjpegSaudi’s economy is booming according to the latest Economic Insight report, commissioned by ICAEW, for the Middle East

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