Middle East
News
February 21, 2025
The CPA awarded to Accell enables Aramco to efficiently procure InflowControl’s patented AICV® technology to support the reduction of unwanted water and increase of net-oil from their onshore and offshore wells.
News
February 20, 2025
Seatrium Offshore Technology has won an international tender from International Maritime Industries (IMI), the largest shipyard in the MENA region, for the supply of equipment and license for a LeTourneau Super 116E Class Self-Elevating Drilling Unit (SE-MODU), Kingdom 3.
News
February 19, 2025
EnerMech has secured a five-year contract extension to provide North Oil Company (NOC) with leak testing and flange management services. The award, in the Al Shaheen Oil Field, Qatar, reinforces EnerMech’s expertise and strong relationship with NOC.
News
February 18, 2025
Drilling waste management specialist, TWMA*, has announced a landmark partnership with a multinational energy operator for its inaugural exploration project in Egypt, located offshore in the Mediterranean Sea.
News
February 17, 2025
bp has announced the start of production from the second development phase of the Raven field, offshore Egypt, which involves the subsea tieback of additional Raven infill wells to its existing onshore infrastructure as part of the West Nile Delta (WND) project.
News
February 14, 2025
Saudi Aramco’s venture arm has invested in UK-based Ori, an AI cloud startup backed by Spanish telecom giant Telefonica SA as it seeks to drive the kingdom’s push to become an artificial intelligence hub. No financial terms were disclosed.
News
February 13, 2025
EDF and TAQA Geothermal have signed a strategic Memorandum of Understanding (MoU) to collaborate on geothermal energy technologies including power generation and HVAC applications as well as Compressed Air Energy Storage in Saudi Arabia.
News
February 13, 2025
ADNOC Drilling announced record financial results for both Q4 and full-year 2024, with Q4 revenue growing 41% year-over-year, and full-year revenue increasing 32% y-o-y. ADNOC attributes the success to its expansion of onshore and offshore fleets, and its oilfield services (OFS) segment.
News
February 12, 2025
ADNOC Gas has signed a 14-year sales and purchase agreement (SPA) with Indian Oil Corporation for the export of up to 1.2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to India’s largest integrated and diversified energy company.
News
February 10, 2025
Bluewater, a specialist energy private equity firm, has agreed to sell Apex International Energy, an independent E&P company focused on the prolific Egyptian upstream market. Apex has become a top ten producer in Egypt in less than two years from oil discovery.
News
February 06, 2025
DNO ASA reported 2024 revenues of USD 667 million on the back of robust production in the Kurdistan region of Iraq and continued North Sea expansion. Net production climbed 50% year-on-year to 77,300 boed combined from Kurdistan, North Sea and West Africa operations.
News
February 06, 2025
ADNOC Gas has announced record earnings for the full year (FY) 2024 of $5 billion, and its highest quarterly income of $1.38 billion since its IPO. The robust improvement was driven by several factors including a richer mix of gas, producing more liquids, and improved commercial terms in the domestic market.
News
February 04, 2025
(Bloomberg) – ADNOC will transfer stakes in some U.S. assets to its new international investment firm, XRG PJSC. ADNOC's holdings in a hydrogen venture with Exxon Mobil Corp. and NextDecade Corp.’s LNG export project will move to XRG, according to CEO Sultan Al Jaber.
News
January 30, 2025
Baker Hughes has been awarded an order by Tecnicas Reunidas for six gas compression trains and six propane compressors for the third expansion phase of Aramco’s Jafurah gas field, located in Saudi Arabia.
News
January 28, 2025
Viridien has won a contract with Petroleum Development Oman (PDO) to provide advanced land seismic imaging services at its dedicated processing center (DPC) in Muscat, Oman, continuing a longstanding partnership between the companies.
News
January 28, 2025
ADNOC Logistics and Services (ADNOC L&S) has joined with an Abu Dhabi seaglider operator to introduce REGENT seagliders into its fleet. ADNOC L&S will use the all-electric seagliders to transport people to and from offshore oil and gas infrastructure.
News
January 22, 2025
KBR has been awarded a contract to support sustainable production of energy resources in Saudi Arabia by contributing to the delivery of Saudi Aramco's Master Expansion Program and increasing gas handling capacity at key regional locations.
News
January 22, 2025
SandboxAQ announced it has signed an agreement with Aramco to collaborate on developing a multi-GPU enabled differentiable computational fluid dynamics solver for application in oil and gas processing facilities.
News
January 21, 2025
ADNOC Gas celebrated a new long-term strategic partnership with EWEC (Emirates Water and Electricity Company) to support the UAE’s energy transformation. This landmark agreement is underpinned by a 10-year flexible natural gas sales and purchase agreement between ADNOC Gas Facilities LLC and EWEC worth $10 billion.
News
January 16, 2025
ADNOC Gas in partnership with Baker Hughes has successfully installed British climate technology firm Levidian’s patented LOOP technology at the Habshan Gas Processing Plant. This marks the first-ever deployment of the technology at an operational gas processing site.
News
January 15, 2025
(Bloomberg) – BP and the Iraqi government agreed the majority of commercial terms toward reviving the Kirkuk oil field on Tuesday, further progress toward a final agreement that is expected early this year.
