Middle East
News
April 16, 2025
Iraq, along with some other members of the OPEC+ alliance, is under pressure from the group’s leaders to make extra supply curbs as compensation for overproducing during the past year, according to sources familiar with the matter.
News
April 15, 2025
Halliburton and Nabors Industries have achieved the first fully automated surface and subsurface execution of rotary and slide drilling operations in Oman. The closed-loop drilling execution earned both companies the 2025 Digital Enabler of the Year Award and represents a step forward in automation in the region.
News
April 11, 2025
The UAE’s recent investments in Mozambique and Egypt highlight its expanding role in Africa’s energy sector, positioning it as the continent’s largest investor and a key partner in driving future growth.
News
April 08, 2025
U.S. Energy Secretary Chris Wright will tomorrow begin a nearly two-week tour of three Middle East countries, including Saudi Arabia, marking his first visit as a U.S. official to the de facto leader of the OPEC+ oil producer group.
News
April 08, 2025
AIQ, the Abu Dhabi-based artificial intelligence (AI) champion developing innovative solutions for the energy sector, has entered a Strategic Collaboration Agreement with Gulf Energy Information (Gulf) to enhance the development of ENERGYai by integrating Gulf’s vast energy sector data assets with AIQ’s advanced AI capabilities.
News
April 03, 2025
In a conference Thursday, OPEC+ was expected to simply remind errant members to respect output limits, ahead of confirming its existing plan to gradually raise production. Instead, they delivered a major shock — increasing supply by three times the planned amount in May in what delegates described as a deliberate effort to drive down prices.
News
April 01, 2025
Petrofac’s Asset Solutions division has been awarded a number of scope expansions and new contracts in Q1 2025 totaling $500 million (USD). The awards span late-life asset management, decommissioning and integrated services across core global markets.
News
March 26, 2025
Baker Hughes announced Wednesday a multi-year contract with Dubai Petroleum Establishment (DPE), for and on behalf of Dubai Supply Authority (DUSUP), to provide integrated coiled-tubing drilling services for the company’s Margham Gas storage project.
News
March 26, 2025
bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. The contract between North Oil Company (NOC), North Gas Company (NGC) and bp includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration.
Article
March 2025
This article presents a unique experience where logging-while-drilling data could be streamed with high quality in real time, in a record-length extended-reach well drilled through complex carbonate reservoirs with deployment of an advanced new solution.
News
March 24, 2025
Iraq is in talks with several companies to secure two floating storage regasification units (FSRUs) by early June, as OPEC’s second-biggest producer tries to address power shortages caused by a U.S. move against Iran.
News
March 20, 2025
Odfjell Technology has successfully deployed a 36” x 38” conductor pipe in Kuwait's first offshore Jurassic well. The well received a custom-tailored solution to support the wellbore structure and prevent formations caving.
News
March 19, 2025
Earlier this week, Egyptian President Abdel Fattah El-Sisi met with Prime Minister, Dr. Mostafa Madbouly, and Minister of Petroleum and Mineral Resources, Eng. Karim Badawi to discuss exploration activity, and particularly the "Fayoum 5" oil and gas field.
News
March 14, 2025
Gulf Marine Services (GMS), a leading provider of self-propelled, self-elevating support vessels to the offshore energy industry, has secured three-year contract extensions with a major National Oil Company (NOC) in the Middle East for two of its vessels.
News
March 12, 2025
OPEC+ crude production surged last month as Kazakhstan further breached its agreed limit. OPEC+ has said it can “pause or reverse” the scheduled series of output increases depending on market conditions, and has just under a month to consider the next hike.
News
March 07, 2025
ADNOC is seeking to buy its first natural gas producing fields in the U.S. to deepen its presence in the country, according to people familiar with the matter. CEO Sultan Al Jaber is set to outline the investment strategy, including a U.S. focus, during a speech at the CERAWeek by S&P Global energy conference in Houston on Tuesday.
News
March 05, 2025
The cost of Oman crude on the Gulf Mercantile Exchange slipped below Brent on Tuesday for the first time since late 2024, according to data compiled by Bloomberg. That marks the end of the Middle Eastern grade’s longest run of premiums over the global benchmark since 2023.
News
February 28, 2025
The Association of the Petroleum Industry of Kurdistan (APIKUR) applauds U.S. Secretary of State Marco Rubio’s efforts to restart oil exports from the Kurdistan Region of Iraq, including in a call with Iraqi Prime Minister Mohammed Shia al-Sudani on February 25, 2025.
News
February 27, 2025
TWMA* has officially broken ground on its latest facility in Habshan, Abu Dhabi. The milestone marks the beginning of construction for the world’s most advanced, self-sustainable drilling waste management site.
News
February 25, 2025
bp today reached agreement on all contractual terms with Iraq to invest in several giant oil fields in Kirkuk providing for the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration.
