Middle East

Crude Oil , Policy & Regulations

TotalEnergies, Iraq See Further Delays to $27 Billion Energy Deal

Amid differences with Baghdad, TotalEnergies has asked its foreign employees in Iraq to leave the country and local staff to work from home.

February 2, 2023

Energy Transition , Technology

Transition in the Trilemma

Despite the energy trilemma, 45% of companies oil and gas sector are confident they can reach net zero by 2050, according to the Baker Hughes Energy Transition Pulse report.

January 30, 2023

Joint Ventures

Maha, Mafraq Energy Enter Joint Operating Agreement in Oman

Maha’s partnership with Mafraq Energy marks a milestone as Block 70 aims for commercialization. 

January 30, 2023

Exploration & Production , Transactions

Eni, TotalEnergies Complete Transfer of Lebanon Exploration Block Interest to QatarEnergy

Eni and QatarEnergy both hold a 30% interest in the offshore Lebanon Blocks 4 and 9, while operator TotalEnergies holds a 35% interest.

January 30, 2023

IPO , Natural Gas , Crude Oil

ADNOC Eyes Valuation of at Least $50 Billion for Its Gas Business

An initial public offering of ADNOC Gas could launch as soon as February as the company sharpens its focus on the gas market as Europe seeks to replace all Russian energy imports as early as mid-2024.

January 30, 2023

Service Contracts , Earnings

Oilfield Service Outlook: Earnings Will be Driven by Everything, Everywhere, All at Once

International growth, along with offshore and strength in North America, propelled fourth quarter and 2022 earnings for oilfield service companies SLB, Baker Hughes and Halliburton.

January 27, 2023

Liquefied Natural Gas , Policy & Regulations

Eni Unable to Deliver Feb LNG Cargo to Pakistan, Declares Force Majeure

"February LNG delivery disruption is beyond the reasonable control of Eni and due to an event of force majeure. Eni does not benefit in any way from the situation," Pakistan LNG said in a statement.

January 26, 2023

Exploration & Production , International

Libya to Sign Gas Deals with Italy's Eni, NOC's Bengdara Says

The deal involved the renewal of an existing agreement originally struck in 2008, according to Libya's National Oil Corp. head Farhat Bengdara.

January 26, 2023

Service Contracts , Earnings , Liquefied Natural Gas

Baker Hughes Q4 Earnings Soar, But Miss Analyst Expectations

Baker Hughes earnings per share jump 46% over Q3, but analysts were disappointed they weren’t as high as they expected.

January 24, 2023

Crude Oil

What's Affecting Oil Prices This Week? (Jan. 23, 2023)

The latest Energy Information Agency report indicated that U.S. oil production was 12.2 MMbbl/d, which compares to 11.7 MMbbl/d at the same time of the previous year, according to Stratas Advisors.

January 23, 2023