Global decommissioning in the oil and gas industry is projected to hit an average of US$12bn per year from 2019 through 2021, according to Rystad Energy, an independent energy research company
Gas
Oman signs upstream agreement with Total, Shell
Total, the Ministry of Oil and Gas of the Sultanate of Oman (MOG), Oman Oil Company (OOC), Shell and Petroleum Development Oman (PDO) have signed an interim upstream agreement to further explore and develop gas resources of the Greater Barik area, northern part of Block 6 located onshore in the central west region of Oman
Honeywell opens Kuwait’s manufacturing and testing centre for oil and gas technologies
Multinational conglomerate company Honeywell has opened Kuwait’s first certified in-country manufacturing, integration and testing centre for advanced automation technologies
Shell signs agreement for Oman’s Saih Rawl gas field
Shell and Oman’s Ministry of Oil and Gas have signed an interim upstream agreement for the development of gas resources for integrated projects, aiming to help meet Oman’s growing need for energy
ENOC signs JV agreement to expand Egyptian operations
Dubai’s ENOC Group and Proserv Egypt, the oil and gas company, have signed a joint venture (JV) agreement to establish ENOC Misr, its first on-ground operations in the lubricants sector in Egypt