A consortium including Qatar Petroleum has been awarded two offshore blocks in Suriname, under production sharing contracts as part of the recent Suriname offshore bid round
Exploration & Production
ADNOC awards US$744mn contract for full field development of the Belbazem offshore block
The Abu Dhabi National Oil Company (ADNOC) has awarded a US$744mn contract for the full field development of the Belbazem Offshore Block, underscoring its drive to unlock and maximise value from all of Abu Dhabi’s fields as it expands its oil production capacity to five million barrels per day (mmbpd) by 2030
Energy transition represents a US$14 trillion uncertainty for upstream oil and gas: WoodMac
The energy transition represents US$14 trillion worth of uncertainty for upstream oil and gas, according to a new report by Wood Mackenzie
ADNOC invests US$318mn to connect smart wells at Bu Hasa
The Abu Dhabi National Oil Company (ADNOC) has announced an investment of up to US$318mn to connect newly drilled smart wells to the main production facilities at Bu Hasa, which will sustain production capacity of 650,000 bpd at ADNOC’s largest onshore asset, located 200km south of Abu Dhabi city
PDO appoints new managing director
Petroleum Development Oman (PDO) has announced the appointment of Steve Phimister, currently Shell’s vice president of Upstream in the UK, as PDO managing director to succeed Raoul Restucci in July 2021
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