Middle East
News
November 21, 2024
(Bloomberg) – Kuwait Petroleum Corp. plans to spend about 10 billion dinars ($33 billion) over five years to ramp up oil production capacity, betting on robust demand for decades to come.
News
November 14, 2024
ADNOC announced today the fourth cohort of its prestigious Trading Academy, which prepares ADNOC’s UAE National talent for roles as global traders of refined and crude products in the company’s trading operations, ADNOC Global Trading (AGT) and ADNOC Trading (AT).
News
November 14, 2024
ADNOC Gas has signed a 10-year Sales and Purchase Agreement (SPA) with GAIL India Limited, India's largest natural gas company, to supply up to 0.52 million metric tons per annum (mmtpa) of liquefied natural gas (LNG), starting in 2026.
News
November 12, 2024
Kent, a UAE-headquartered engineering company, has launched its UAE Designers and Drafters Training Program. This initiative is specifically designed to equip young Emirati high school graduates and engineering diploma holders with the skills and knowledge necessary to excel in the energy industry.
News
November 11, 2024
ADNOC Gas plc and its subsidiaries today announced strong earnings for the third quarter of 2024, with net income increasing 11% year-on-year (YoY) to $1.24 billion, beating Bloomberg consensus for the quarter.
News
November 11, 2024
ADNOC Gas announced it expects to acquire ADNOC’s 60% stake in the Ruwais Liquified Natural Gas (LNG) plant in the second half of 2028 at cost. Over 7 mtpa of the project’s total production capacity of 9.6 mtpa has already been committed to international customers.
News
November 08, 2024
Weatherford has been awarded a three-year contract for the provision of rigless services as part of the reactivation of ADNOC onshore strings. Weatherford is expected to deploy multiple intervention solutions, advancing the operational efficiency and reliability of ADNOC’s onshore assets.
News
November 07, 2024
ADNOC today announced the award of contracts valued at AED720 million ($196.2 million) for local manufacturing of a wide range of products across its value chain. The announcement was made at ADNOC’s Business Partnership Forum which was held on the sidelines of ADIPEC.
News
November 07, 2024
ADNOC has awarded a contract to BGP worth up to $490 million to expand the scope of the world’s largest combined 3D onshore and offshore seismic survey underway in Abu Dhabi. The contract will focus on identifying additional oil and gas resources in ADNOC’s producing onshore fields.
News
November 06, 2024
Weatherford has announced two contracts in the Middle East, with Kuwait Oil Company (KOC) and a National Oil Company (NOC) in Qatar. The contracts will implement Weatherford's drilling technologies for enhanced safety, speed, and cost-efficiency in well delivery.
News
November 06, 2024
ADNOC announced today at ADIPEC the signing of the first long-term Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquefied natural gas (LNG) project, which is currently under development in Al Ruwais Industrial City, Abu Dhabi.
Article
October 2024
(WO) – The Middle East has historically been an important contributor to the global oil and gas market, with numerous prolific reservoirs. Accordingly, analysts and investors expect to see some big changes over the next 12 months.
News
November 05, 2024
ADNOC has awarded an EPC contract to Jereh Oil & Gas Engineering Corporation, worth up to $920 million (AED3.38 billion), to install remote sensing and well-operating equipment at its onshore Bab, Bu Hasa and Southeast fields, extending its AI-powered well digitalization program to cover the fields.
News
November 04, 2024
His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, rallied the energy industry at the 40th ADIPEC meeting to lead the world to the next phase of sustainable socioeconomic growth.
News
November 04, 2024
ADNOC and AIQ announced today at ADIPEC the launch of ENERGYai, the world’s first-of-its-kind custom-built agentic artificial intelligence (AI) solution for the global energy transformation.
News
November 04, 2024
ADNOC Drilling Company and Alpha Dhabi Holding announced today that their joint venture Enersol has agreed to acquire a 95% equity stake in Deep Well Services (DWS), for approximately $223 million including performance-based payments.
News
November 01, 2024
Petrofac has been awarded a multi-million-dollar, two-year contract by Bapco Upstream. Petrofac will support Bapco's production plans to meet gas demands for Bahrain through the delivery of well hook-ups, associated pipelines and tie-ins for several new wells within the Bahrain Field.
News
October 31, 2024
ADNOC Drilling announced a significant increase in third quarter 2024 revenue, driven by the company's expansion of onshore and offshore fleets, OFS expansion and joint-venture contributions.
News
October 31, 2024
Linde Engineering has signed an agreement with NEXTCHEM to provide carbon capture technology to ADNOC's Hail and Ghasha project. Located in the UAE, the project is one of the world’s largest offshore sour gas developments and aims to operate with net zero emissions.
News
October 30, 2024
(WO) — Drilling waste management specialist TWMA has announced a significant contract win with a leading UAE operator valued at approximately $70 million.
News
October 30, 2024
(WO) — MYCELX Technologies Corporation has been awarded a contract to treat produced water during Enhanced Oil Recovery (“EOR”) production, which will represent its second REGEN installation with a Middle East producer.
