TotalEnergies and SONATRACH will develop gas resources in Algeria's north-east Timimoun region, (Image source: Adobe Stock).
TotalEnergies and SONATRACH have signed a Memorandum of Understanding to appraise and develop gas resources in Algeria’s north-east Timimoun region under Law No.19-13 governing hydrocarbon activities
The expansion is expected to increase the plant’s processing capacity from 2.5 to up to 4 billion standard cubic feet per day (bscfd). (Image source: Aramco)
Aramco has awarded engineering, procurement and construction (EPC) contracts worth US$7.7bn to SAMSUNG Engineering Company, GS Engineering & Construction Corporation and Nesma & Partners for a major expansion of its Fadhili Gas Plant in the Eastern Province of Saudi Arabia
Block 56 is targeted for commercialisation in 2024. (Image source: Canva)
Swedish energy company Tethys Oil is gearing up for potential commercial success in two oil & gas blocks it operates in Oman. The firm, known for its revenues from non-operated Blocks 3&4 concession, is now focusing on exploring Blocks 56, 49, and 58 in Dhofar Governorate.
Up to 30 major upstream projects could reach FID in 2024, up from 22 in 2023, with Middle East NOCs sanctioning the largest projects, according to a new report from Wood Mackenzie
The majors are pushing into deeper waters. (Image source: Adobe Stock)
The upstream majors are forecast to spend less on upstream exploration from 2020-2024 than in the previous four-year period, but are pushing into frontier areas and deeper waters, according to recent research from Rystad Energy
