Bapco Refining, Bahrain, has received bids for the Sitra Wharf Enhancement Project, with proposals from Nass C ..Read More

Bapco Refining, Bahrain, has received bids for the Sitra Wharf Enhancement Project, with proposals from Nass Contracting (BHD 12.29M), AL HASSANAIN (BHD 16.28M), and Mohammed Jalal Contracting (BHD 19.87M). The project aims to enhance liquid cargo handling at berths 5 and 6 to accommodate larger hydrocarbon shipments, boosting efficiency and profitability at the Sitra port terminal.
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NMDC Energy P.J.S.C., UAE, has received a letter of award for a local project valued at AED 9.7 billion. The p ..Read More

NMDC Energy P.J.S.C., UAE, has received a letter of award for a local project valued at AED 9.7 billion. The project will be executed on an engineering, procurement, and construction (EPC) basis over 57 months, commencing on 31 March 2025.
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OQ Exploration & Production SAOG (OQEP), Oman, has signed an Exploration and Production Sharing Agreement (EPS ..Read More

OQ Exploration & Production SAOG (OQEP), Oman, has signed an Exploration and Production Sharing Agreement (EPSA) for Block-54 with the Ministry of Energy and Minerals of Oman. OQEP will hold a 60% interest and operate the block, while Genel Energy will hold the remaining 40%. A Joint Operating Agreement (JOA) has been formalized, and the agreements will take effect once ratified by a Royal Decree. The block is currently under exploration with geological studies, seismic surveys, and exploratory drilling.
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AIQ, a Presight company, has secured a $340 million contract with ADNOC to deploy ENERGYai and associated AI s ..Read More

AIQ, a Presight company, has secured a $340 million contract with ADNOC to deploy ENERGYai and associated AI solutions across ADNOC’s upstream operations. The three-year agreement aims to enhance optimization and efficiency, using ENERGYai's advanced AI, which combines large language models with agentic AI tailored for specific workflows. This solution will significantly reduce process times, minimize costs, and cut emissions by streamlining tasks such as seismic analysis, geological modeling, and real-time monitoring.
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ADNOC, UAE, signed a 15-year Sales and Purchase Agreement (SPA) with Osaka Gas, Japan, for up to 0.8 mtpa of L ..Read More

ADNOC, UAE, signed a 15-year Sales and Purchase Agreement (SPA) with Osaka Gas, Japan, for up to 0.8 mtpa of LNG from its Ruwais LNG project, set to begin operations in 2028. This marks ADNOC’s first long-term LNG agreement with Osaka Gas and the fourth for the Ruwais project, bringing total committed capacity to 8 mtpa out of 9.6 mtpa. The Ruwais plant, operating on clean power, will be one of the lowest-carbon intensity LNG facilities globally, enhancing ADNOC’s global LNG expansion strategy.
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Bapco Energies, Bahrain, signed an agreement with EOG Resources, U.S., to evaluate a promising gas exploration ..Read More

Bapco Energies, Bahrain, signed an agreement with EOG Resources, U.S., to evaluate a promising gas exploration prospect in the Kingdom, with drilling expected to begin in 2025. This collaboration, following high-level discussions in January 2025, aligns with Bahrain’s National Energy Strategy, leveraging advanced technologies and strategic partnerships to support sustainable economic growth and the country’s energy transition.
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QatarEnergy signed a 20-year Sales and Purchase Agreement (SPA) with Guangzhou Guanggang Gases & Energy Co. Lt ..Read More

QatarEnergy signed a 20-year Sales and Purchase Agreement (SPA) with Guangzhou Guanggang Gases & Energy Co. Ltd (G-gas) to supply 100 million cubic feet per annum of helium to China, marking Qatar’s first direct long-term helium supply agreement with China. The helium will be sourced from Qatar’s Ras Laffan facilities, with capacity expected to double through North Field LNG expansion projects. This agreement strengthens QatarEnergy’s global partnerships and supports critical industries reliant on helium, including medical, technology, and space exploration sectors.
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SOHAR Port and Freezone has commenced dredging operations for the $1.6 billion Marsa LNG project, aiming to po ..Read More

SOHAR Port and Freezone has commenced dredging operations for the $1.6 billion Marsa LNG project, aiming to position SOHAR as the Middle East’s first LNG bunkering hub. Led by Boskalis’ advanced dredgers, the operation will remove 4 million cubic meters of material to develop key maritime infrastructure, ensuring completion by September 2025. Marsa LNG will produce 1 million metric tons of LNG annually, powered by a 300 MW solar plant, supporting Oman’s carbon neutrality goal by 2050 and reinforcing SOHAR’s role in sustainable maritime growth and global trade.
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