Advertise your business here! 🚀

Ades Secures New Award In Nigeria For Admarine 501

oil-gas

09 February 2025

Gulf Oil and Gas

oil-gas

Feb 09, 2025

Gulf Oil and Gas

ADES Holding Company (“ADES”, the “Group” or the “Company”), a world

leading international oil and gas drilling services provider, is pleased to announce that its jackup drilling unit “Admarine

501” has been awarded a contract with Nkuku Ikon Petroleum Development Company Limited for offshore drilling

operations in Nigeria. Following closely on the heels of the Admarine 504 award in Nigeria announced last month, this

new contract marks the final redeployment of ADES’ suspended rigs in Saudi Arabia, with the Group successfully

capitalizing on its strong global platform to secure attractive opportunities for all suspended assets within one year.

The new award also marks ADES’ second contract in Nigeria within one month, reflecting its determined focus on

expanding its footprint in the West Africa region and growing its presence in high-potential markets globally. Nigeria

has significant potential in the oil and gas sector and strong prospects for increased demand for drilling rigs in the coming

years, particularly in the offshore drilling segment. The country also plays a vital role in the Organization of Petroleum

Exporting Countries (OPEC) and has a strong influence on the energy landscape in Africa. As such, ADES will continue

to leverage on the increased tendering activity, and secure a long-term presence for the recently awarded rigs in Nigeria.

Key Highlights of the Award

• Contract Scope and Duration: The contract includes a firm scope to drill two wells plus an option for two

additional wells with a total estimated duration (firm + option) of 180 days. Operations are expected to

commence in the second quarter of 2025.

• Operating Structure: Similar to the previous award for Admarine 504, the new contract for Admarine 501 will

be jointly operated by ADES and an in-country partner under a charter structure.

• Backlog: The value of the charter contract between ADES and the in-country partner (Valiant) is estimated at

SAR 45 million (USD 12 million), which represents a percentage of the total contract value between Nkuku and

Valiant estimated at SAR 78.4 million (USD 21 million).

Share Your Insights!

Publish your articles, reach a global audience, and make an impact.

Oil and Gas Related News You might want to check out

View by

Blackstone To Invest $25 Billion In Co-Located Data Centers, Gas Plants In Pennsylvania(Reuters) — Blackstone plans to invest $25 billion in developing data centers and power plants in Pennsylvania, President and Chief Operating Officer Jon Gray said at a panel at the Energy and Innovation Summit in Pittsburgh on July 15. Blackstone had identified several sites to build the energy-intensive centers, Gray said, adding that the private equity firm also plans to partner with an electric utility to build multiple natural gas power generation facilities to fuel the data centers in Pennsylvania. Big Tech is fueling a turnaround in U.S. power consumption with the expansion of data centers, which are needed to train and roll out artificial intelligence. One of the biggest roadblocks in the race to expand artificial intelligence technologies are the long wait times, caused by supply chain constraints and permitting, to power data centers. Locating data centers directly at the sites of power plants, an arrangement known as co-location, can potentially cut down time to power. Blackstone plans to focus on co-located projects in Pennsylvania, Gray said. "What makes us so excited about this area is the idea that you can co locate data centers directly next to the source of power and that's really the special sauce here is being able to put these things together," Gray said.

Blackstone To Invest $25 Billion In Co-Located Data Centers, Gas Plants In Pennsylvania

Pipeline Gas Journal

15 July 2025

oil-gas

Adnoc Gas Signs $400M Lng Deal With Germany’S SefeAdnoc Gas has signed an agreement with Germany’s Securing Energy For Europe (Sefe) to supply liquefied natural gas for three years. The UAE’s state-owned oil and gas company will sell more than 700,000 metric tonnes of LNG from its Das Island liquefaction facility valued at $400 million, with deliveries due to start this summer, Adnoc Gas said in a statement. The Das Island’s LNG plant has a production capacity of 6 million tonnes per year. More than 3,500 cargoes have been shipped worldwide since operations began in 1977. “This new medium-term LNG contract builds on the long-term supply agreement with Adnoc that we signed last year, thereby adding another flexible source of LNG to our portfolio,” said Frederic Barnaud, chief commercial officer of Sefe. The agreement allows Sefe to decide on delivery destinations at its discretion, the statement said. Adnoc already has ties with Germany. It has been in talks since last year to buy chemicals company Covestro, with approval by the EU expected to be ratified soon. And in May last year it signed a 15-year LNG supply agreement with energy major Energie Baden-Württemberg AG. In April Reuters reported that China’s ENN Natural Gas and state-run Zhenhua Oil have each signed deals to buy LNG from Adnoc. AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Already registered? Sign in I’ll register later AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Already registered? Sign in I’ll register later

Arabian Gulf Business Insight

oil-gas

14 July 2025

2 min read

Adnoc Gas Signs $400M Lng Deal With Germany’S Sefe

Arabian Gulf Business Insight

14 July 2025

oil-gas

Dangote Refinery To Build 1.6 Million-Barrel Fuel Storage Facility In NamibiaNigeria’s Dangote Refinery will construct fuel storage tanks in Namibia with a total capacity of at least 1.6 million barrels to supply petrol and diesel to Southern African countries. The tanks will be located in the port city of Walvis Bay and will serve Botswana, Namibia, Zambia and Zimbabwe. The facility may also supply the south of the Democratic Republic of Congo. The initiative is part of Dangote’s wider strategy to expand market access for fuel refined at its 650,000-barrel-per-day plant in Nigeria. Commissioned last year at a cost of $20 billion, the refinery has started supplying Nigeria’s domestic market and is gradually targeting new export destinations. Last month, a Dangote petroleum cargo reportedly left Nigeria for Asia, marking the refinery’s first known shipment outside West Africa. At full capacity, the refinery is expected to meet domestic demand and export surplus volumes.

Dangote Refinery To Build 1.6 Million-Barrel Fuel Storage Facility In Namibia

Energy Capital Power

14 July 2025

oil-gas

Nigeria’S Oil Rig Count Climbs To 46, Backed By $8B In InvestmentNigerian regulation department the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the country’s active number of oil rigs has increased to 46. Up from eight in 2021, the increase follows over $8 billion in investments by oil producers between 2022 and 2025, resulting in the drilling of 236 wellbores. Gbenga Kamolafe, Commission Chief Executive, NUPRC attributed the rise to the 2021 Petroleum Industry Act, the Project One Million Barrels initiative launched in 2024 and Executive Orders 40, 41 and 42 issued in 2024. According to Kamolafe, these reforms have boosted investor confidence, attracted capital and enabled regulatory efficiencies. Nigeria’s oil production now averages over 1.7 million barrels per day (bpd), rising from 1 million bpd in 2021. Kamolafe added that rigs are now active across all terrains – land, swamp and offshore – including deepwater fields. The NUPRC emphasized that increased rig activity is a key metric of industry health, with sustained momentum driving progress toward the country’s 2.6-2.8 million bpd production target by 2026. Nigeria’s rig count is expected to approach 50 by the end of 2025.

Nigeria’S Oil Rig Count Climbs To 46, Backed By $8B In Investment

Energy Capital Power

14 July 2025

oil-gas

208-Mi Mississippi-To-Alabama (U.S.) Gas Pipeline Moves Into Ferc ReviewKinder Morgan’s Tennessee Gas Pipeline Company LLC (TGP) has filed a formal application with federal regulators to build the Mississippi Crossing Project (MSX), a $1.7-B natural gas pipeline expansion designed to deliver 2.1 billion cubic feet per day (Bft3d) of firm transportation capacity across Mississippi and Alabama. The project includes 208 mi of new pipe — the centerpiece being a 199-mi, 42- and 36-in. mainline stretching from Greenville, Mississippi, to Butler, Alabama. Additional infrastructure includes three new compressor stations, multiple interconnects, and four metering facilities. TGP submitted its Certificate of Public Convenience and Necessity application to the Federal Energy Regulatory Commission (FERC) on June 30, 2025, officially moving the project into the federal review phase. The filing followed the May 31 submission of all required environmental resource reports, which included consultations with regulatory agencies and other stakeholders. The project is backed by strong market demand, with more than 90% of its capacity under long-term precedent agreements. Customers include major Southeast utilities and power generators such as Southern Company Services, Dominion Energy South Carolina, Tennessee Valley Authority, and the Municipal Gas Authority of Georgia. TGP affiliate Southern Natural Gas Company has secured 1.17 Bft3d of capacity to serve downstream users. TGP is requesting FERC approval by July 1, 2026, with construction scheduled to begin in January 2027 and the pipeline expected to enter service by November 2028. An independent market analysis submitted with the application projects that natural gas demand in Mississippi and Alabama will grow by 8% by 2030, driven by coal retirements, increased electricity generation and industrial activity. Current infrastructure in the region is operating near peak capacity. In addition to enhancing energy reliability, the project is expected to provide a significant economic boost. TGP estimates it will support 4,760 to 9,820 average annual jobs across Mississippi, Alabama, and Georgia during construction, generating between $950 MM and $2.4 B in regional economic output. To help reduce environmental and community impacts, approximately 28% of the proposed route will parallel existing infrastructure corridors, and several segments will be installed using horizontal directional drilling.

Gas Processing and LNG

oil-gas

14 July 2025

2 min read

208-Mi Mississippi-To-Alabama (U.S.) Gas Pipeline Moves Into Ferc Review

Gas Processing and LNG

14 July 2025

oil-gas

Venezuela'S Pdvsa Reports $17.5 Billion In 2024 Oil Revenue As Exports Jump(Reuters) — Venezuelan state-run PDVSA's oil sales abroad in 2024 stood at $17.52 billion, according to a results document seen by Reuters on Friday, as exports jumped due to U.S. licenses allowing foreign partners to operate in the sanctioned OPEC member. There are no comparative figures from previous years because PDVSA has not published its results since 2016, and it did not immediately respond to a request for comment. Venezuela has some of the world's largest reserves of oil, but its crude output remains at a fraction of what it was a decade ago after a lack of investment, mismanagement at PDVSA and U.S. sanctions on Venezuela's energy industry since 2019. The licenses to U.S. oil major Chevron and other foreign firms in Venezuela have allowed a slight recovery in oil output and exports since 2023. In late May, however, Washington revoked those licenses to take Venezuelan crude bound for U.S. and European refineries. PDVSA's crude oil and fuel exports averaged 805,500 barrels per day (bpd) last year, according to preliminary data from its 2024 financial and operational results. That would be an over 15% hike from almost 700,000 bpd in 2023, according to data and documents viewed by Reuters. According to PDVSA's results, the OPEC member produced an average of 952,000 bpd in 2024, compared with 783,000 bpd in 2023 reported by OPEC. President Nicolas Maduro and his government have always rejected sanctions by the United States and others, saying they are illegitimate measures that amount to an "economic war" designed to cripple Venezuela. Maduro and his allies have cheered what they say is the country's resilience despite the measures, though they have historically blamed some economic hardships and shortages on sanctions. Crude production was above 1 million bpd in the first quarter of 2025, according to the results documents, and authorities have said that exports continue to perform normally. In June, crude and fuel exports were 844,000 bpd, and were directed to China, according to shipping data and documents.

Venezuela'S Pdvsa Reports $17.5 Billion In 2024 Oil Revenue As Exports Jump

Pipeline Gas Journal

12 July 2025

oil-gas

208-Mile Mississippi-To-Alabama Gas Pipeline Moves Into Ferc ReviewBy Mary Holcomb, Digital Editor (P&GJ) — Kinder Morgan’s Tennessee Gas Pipeline Company, L.L.C. (TGP) has filed a formal application with federal regulators to build the Mississippi Crossing Project (MSX), a $1.7 billion natural gas pipeline expansion designed to deliver 2.1 billion cubic feet per day (Bcf/d) of firm transportation capacity across Mississippi and Alabama. The project includes 208 miles of new pipe — the centerpiece being a 199-mile, 42- and 36-inch mainline stretching from Greenville, Mississippi, to Butler, Alabama. Additional infrastructure includes three new compressor stations, multiple interconnects, and four metering facilities. TGP submitted its Certificate of Public Convenience and Necessity application to the Federal Energy Regulatory Commission (FERC) on June 30, 2025, officially moving the project into the federal review phase. The filing followed the May 31 submission of all required environmental resource reports, which included consultations with regulatory agencies and other stakeholders. SEE ALSO: FERC OKs Construction on Mississippi Hub Gas Storage Expansion The project is backed by strong market demand, with more than 90% of its capacity under long-term precedent agreements. Customers include major Southeast utilities and power generators such as Southern Company Services, Dominion Energy South Carolina, Tennessee Valley Authority, and the Municipal Gas Authority of Georgia. TGP affiliate Southern Natural Gas Company has secured 1.17 Bcf/d of capacity to serve downstream users. TGP is requesting FERC approval by July 1, 2026, with construction scheduled to begin in January 2027 and the pipeline expected to enter service by November 2028. An independent market analysis submitted with the application projects that natural gas demand in Mississippi and Alabama will grow by 8% by 2030, driven by coal retirements, increased electricity generation, and industrial activity. Current infrastructure in the region is operating near peak capacity. In addition to enhancing energy reliability, the project is expected to provide a significant economic boost. TGP estimates it will support 4,760 to 9,820 average annual jobs across Mississippi, Alabama, and Georgia during construction, generating between $950 million and $2.4 billion in regional economic output. To help reduce environmental and community impacts, approximately 28% of the proposed route will parallel existing infrastructure corridors, and several segments will be installed using horizontal directional drilling. Mary Holcomb is the Digital Editor & Operations Manager at Gulf Energy Information, overseeing the Pipeline & Gas Journal, World Oil, and Underground Infrastructure brands. With over 5 years of experience, she drives digital content strategy and operations for these industry-leading publications.

208-Mile Mississippi-To-Alabama Gas Pipeline Moves Into Ferc Review

Pipeline Gas Journal

12 July 2025

oil-gas

Adnoc Gas Enters $400M Lng Supply Agreement With SefeADNOC Gas has announced a three-year liquefied natural gas (LNG) supply agreement, worth approximately $400m, with Germany’s SEFE. The contract will see ADNOC Gas deliver 0.7 million tonnes (mt) of LNG from its Das Island facility in Abu Dhabi, with deliveries commencing this year. The gold standard of business intelligence. Find out more The Das Island liquefaction plant, a key asset in ADNOC Gas’ portfolio, has a production capacity of six million tonnes per annum (mtpa). Since its inception in 1977, the facility has dispatched more than 3,500 LNG cargoes across the globe, solidifying ADNOC Gas’ long-standing partnerships within the international energy sector. ADNOC Gas CEO Fatema Al Nuaimi said: “This agreement marks a significant step in strengthening our long-standing partnership with SEFE and reinforces ADNOC Gas’ role as a reliable and responsible global energy provider, committed to supporting Germany’s energy security. “It also reflects the strong progress we are making in delivering our strategic objectives and demonstrates the confidence our partners, investors, and stakeholders place in our ability to create long-term value in a dynamic energy landscape.” Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis. This supply agreement reinforces the strategic cooperation between the UAE and Germany, building on the 2022 Energy Security and Industry Accelerator (ESIA) pact and the 2024 Joint Declaration with the state of Baden-Württemberg. Both initiatives are designed to promote energy security and the development of sustainable fuels. SEFE chief commercial officer Frédéric Barnaud said: “Over the past two decades, we’ve built a strong partnership with ADNOC, and we value our relationship with such a reputable and reliable supplier. “This new medium-term LNG contract builds on the long-term supply agreement with ADNOC that we signed last year, thereby adding another flexible source of LNG to our portfolio – to the benefit of both Europe’s security of supply and our global market trading activities.” Last month, ADNOC Gas announced a final investment decision (FID) and awarded contracts worth $5bn for the first phase of its Rich Gas Development (RGD) project. The project’s initial phase involves the expansion and optimisation of gas processing operations at four strategic locations: Asab, Buhasa, and Habshan onshore, as well as the Das Island offshore liquefaction facility.

Adnoc Gas Enters $400M Lng Supply Agreement With Sefe

Offshore Technology

11 July 2025

oil-gas

Adnoc Gas And Sefe Signs $400 Million Lng Supply AgreementUAE’s ADNOC Gas Plc and its subsidiaries (ADNOC Gas) announced that it has entered into a three-year liquefied natural gas (LNG) supply agreement with Germany’s SEFE Securing Energy for Europe, for the delivery of 0.7 million tonnes of LNG with deliveries commencing this year. The agreement, valued at approximately $400 million (AED1.5 billion) over its three-year term. The company stated that the agreement highlights ADNOC Gas’ continued expansion into global markets, with LNG supplied from ADNOC Gas’ Das Island liquefaction facility – a key asset in the company’s portfolio. With a production capacity of 6 mtpa, Das Island’s LNG plant has shipped over 3,500 LNG cargoes worldwide since starting operations in 1977, strengthening ADNOC Gas’ long-term relationships with key global energy partners. Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said: “This agreement marks a significant step in strengthening our long-standing partnership with SEFE and reinforces ADNOC Gas’ role as a reliable and responsible global energy provider, committed to supporting Germany’s energy security. It also reflects the strong progress we are making in delivering our strategic objectives and demonstrates the confidence our partners, investors, and stakeholders place in our ability to create long-term value in a dynamic energy landscape.” The agreement builds on the ongoing strategic collaboration between the UAE and Germany, including the 2022 Energy Security and Industry Accelerator (ESIA) pact and the 2024 Joint Declaration with the state of Baden-Württemberg, both aimed at fostering energy security and sustainable fuel development. Frédéric Barnaud, Chief Commercial Officer of SEFE, said: “Over the past two decades, we’ve built a strong partnership with ADNOC, and we value our relationship with such a reputable and reliable supplier. This new medium-term LNG contract builds on the long-term supply agreement with ADNOC that we signed last year, thereby adding another flexible source of LNG to our portfolio – to the benefit of both Europe’s security of supply and our global market trading activities.” To Promote your Products and Services on SaudiGulf Projects, please visit "Advertise" Section

Adnoc Gas And Sefe Signs $400 Million Lng Supply Agreement

Saudi Gulf Projects

10 July 2025

oil-gas

New Fortress $20 Billion Gas Deal Halted By Puerto Rico Watchdog(Reuters) — Puerto Rico's finance regulator has halted New Fortress Energy's $20 billion natural gas supply deal over monopoly concerns, Bloomberg News reported on July 10, citing a letter to the island's energy czar, Josue Colon. Shares of the company were down 7.6% in afternoon trading. The Financial Oversight and Management Board said it has "profound concerns" about a proposed 15-year contract between New Fortress' subsidary Genera PR and the company's unit that delivers liquefied gas, the report said. New Fortress Energy did not immediately respond to a Reuters request for comment.

New Fortress $20 Billion Gas Deal Halted By Puerto Rico Watchdog

Pipeline Gas Journal

10 July 2025

oil-gas

Uk Bags $10B Japanese Investment For Offshore Wind And Hydrogen ProjectsThe U.K. government has unlocked $10.1 billion investment into key clean energy projects, like offshore wind and hydrogen, with the signing of a new deal with the Sumitomo Corporation in Tokyo. Sumitomo Corporation aims to facilitate the investment into key U.K. infrastructure and clean energy projects by 2035, backing the government’s aim to significantly increase long-term business investment into key growth sectors following the publication of the Modern Industrial Strategy and the 10-Year Infrastructure Strategy. The investment will be focused on key offshore wind and hydrogen projects, supporting the U.K.’s aim to become a clean energy superpower, according to the government. “The U.K. is a top investment destination for Japanese businesses, so I’m delighted to be in Tokyo to sign this new collaboration with Sumitomo Corporation. This is yet another major vote of confidence in our economy and shows international backing for our modern Industrial Strategy, which shows our Plan for Change is working. “We’re serious about clean energy as a key growth sector, and deals like this create high value jobs, encourage further investment into our world-leading industry and help boost economic growth right across the U.K.,” said Poppy Gustafsson, U.K. Minister for Investment.

Uk Bags $10B Japanese Investment For Offshore Wind And Hydrogen Projects

Offshore Engineer

09 July 2025

oil-gas

Hynamics Uk And Hy24 To Develop $407M Green Hydrogen Facility In UkHynamics UK, a subsidiary of EDF Group, and Hy24 have partnered to advance the development of the Fawley green hydrogen project, to be situated beside the Esso Fawley refinery in Hampshire, England. The project was selected in the UK government’s subsidy scheme, Hydrogen Allocation Round 2 (HAR2), in April 2025. The gold standard of business intelligence. Find out more Hy24, through its clean hydrogen infrastructure fund, will engage in exclusive negotiations to fund a £300m ($407m) hydrogen electrolytic production facility. Hy24 UK, Southern Europe and MENA head Amir Sharifi stated: “The policy landscape in the UK is providing the certainty and clarity needed to enable decarbonisation projects at the right scale and pace. We see this as a very positive signal and a strong opportunity for Hy24 to expand into the UK for the first time, alongside partners who are deeply committed to the energy transition. “The reality is that leadership positions across the hydrogen value chain are being shaped now – and the UK has shown remarkable consistency and determination in this regard. In this context, Hynamics UK stands out as one of the most advanced players, and we are pleased to solidify our partnership with them to help accelerate the development of the UK’s hydrogen economy.” The project will supply ExxonMobil’s petrochemical complex with green hydrogen as it seeks decarbonisation solutions. Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis. The proposed project will include a 120MW electrolyser, which could potentially save up to 100,000t per year of CO₂ by replacing heavy fuel oil and grey hydrogen with its low-carbon hydrogen. Hynamics UK CEO Pierre de Raphélis-Soissan stated: “I am delighted with this partnership with Hy24, which marks a new stage in the development of Hynamics’ projects in the United Kingdom. “This agreement is a continuation of the relationship of trust that has been built up over several years. Our MoU is in line with the Clean Industrial Strategy presented by the British government in June [2025] and is a testimony to the potential for cooperation between industrial and financial players across the Channel.”

Hynamics Uk And Hy24 To Develop $407M Green Hydrogen Facility In Uk

Offshore Technology

09 July 2025

oil-gas