High natural gas prices have prompted the rapid development of new gas fields in the Middle East, and European oil majors are at the heart of the action
in the aftermath of Russia’s invasion of Ukraine in February have prompted several major European oil and gas companies to expedite the development of gas projects in the Middle East, with Italian major Eni’s latest announcement regarding the UAE being the latest example.
The Ghasha concession was one of the key projects that was part of the US$2 billion of drilling contracts handed out recently by ADNOC as part of the UAE’s plans to help OPEC’s third-biggest producer achieve gas self-sufficiency, and after that to look to exporting the surplus.
Eni’s efforts in the UAE will complement those of other major European oil and gas firms in recent months, most notably France’s TotalEnergies, which recently signed a partnership agreement with ADNOC that includes cooperation in trading, product supply and carbon capture, utilisation and storage.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cars getting scraped as bins put out in middle of streetBollards had been put up to try and help the problem
Read more »
Genome-wide association study of musical beat synchronization demonstrates high polygenicity - Nature Human BehaviourNiarchou et al. identify 69 genomic loci associated with people’s synchronization to a musical beat. The genetic architecture of beat synchronization was enriched for genes involved in early brain development and lifelong brain function.
Read more »
High energy prices attract investors back to UK fossil fuel small caps\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
HS2 wins route-length High Court injunctionA judge grants an 'extensive' injunction in order to prevent access without permission to HS2 land or disruption taking place to its construction.
Read more »
Mercedes glad to see the back of F1’s high-speed tracks, says RussellGeorge Russell thinks Mercedes will feel glad to see the back of high-speed Formula 1 track layouts like Spa and Monza as it bids to end its win drought.
Read more »