Exploration & Production

Qatar Petroleum wins two offshore exploration blocks in Suriname

Offshore bvlock QatarA 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

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ADNOC awards US$744mn contract for full field development of the Belbazem offshore block

Al Yasat Petroleum Offshore RigThe 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

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Energy transition represents a US$14 trillion uncertainty for upstream oil and gas: WoodMac

Oil Rig at late evening Copyright iuriiThe energy transition represents US$14 trillion worth of uncertainty for upstream oil and gas, according to a new report by Wood Mackenzie

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ADNOC invests US$318mn to connect smart wells at Bu Hasa

Bu HasaThe 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

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PDO appoints new managing director

Petroleum DeSteve Phimister 1velopment 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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