AD Ports Group has signed a 50-year agreement with UAE-based Oylz Terminals to develop a 600,000 cbm clean pet ..Read More

AD Ports Group has signed a 50-year agreement with UAE-based Oylz Terminals to develop a 600,000 cbm clean petroleum storage facility at Khalifa Port Logistics Hub in two phases. The first phase is set to begin operations by mid-2027. The project strengthens Khalifa Port’s role as a key energy storage and trading hub, enhancing its global market connectivity. Oylz Terminals aims to bolster Abu Dhabi’s position as a global energy hub through this milestone initiative.
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Baker Hughes has secured a multi-year contract with Dubai Petroleum Establishment (DPE) on behalf of Dubai Sup ..Read More

Baker Hughes has secured a multi-year contract with Dubai Petroleum Establishment (DPE) on behalf of Dubai Supply Authority (DUSUP) to provide integrated coiled-tubing drilling services for the Margham Gas storage project. The project enhances Dubai’s energy stability by enabling a flexible switch between natural gas and solar power. Baker Hughes will deploy its CoilTrak™ coiled-tubing system to optimize horizontal drilling and maximize reservoir contact, supporting a reliable and lower-carbon power system.
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QatarEnergy LNG has awarded its largest-ever Ultra Mega Offshore Contract for the North Field Production Susta ..Read More

QatarEnergy LNG has awarded its largest-ever Ultra Mega Offshore Contract for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4) to Larsen & Toubro (L&T) Hydrocarbon Business. The contract covers engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes, located 80 km off Qatar’s northeast coast. L&T executives hailed the project as a landmark achievement, reinforcing their global energy portfolio and supporting Qatar’s energy security and LNG leadership.
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HEISCO Kuwait's Saudi branch has signed a SAR 275.5 million contract with main contractor Enppi for the civil ..Read More

HEISCO Kuwait's Saudi branch has signed a SAR 275.5 million contract with main contractor Enppi for the civil and mechanical works of the Debottleneck Production Facilities project in Abqaiq. The contract, awarded in January 2025, has a duration of 865 days.
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Bapco Refining, Bahrain, has received bids for the Sitra Wharf Enhancement Project, with proposals from Nass C ..Read More

Bapco Refining, Bahrain, has received bids for the Sitra Wharf Enhancement Project, with proposals from Nass Contracting (BHD 12.29M), AL HASSANAIN (BHD 16.28M), and Mohammed Jalal Contracting (BHD 19.87M). The project aims to enhance liquid cargo handling at berths 5 and 6 to accommodate larger hydrocarbon shipments, boosting efficiency and profitability at the Sitra port terminal.
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NMDC Energy P.J.S.C., UAE, has received a letter of award for a local project valued at AED 9.7 billion. The p ..Read More

NMDC Energy P.J.S.C., UAE, has received a letter of award for a local project valued at AED 9.7 billion. The project will be executed on an engineering, procurement, and construction (EPC) basis over 57 months, commencing on 31 March 2025.
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OQ Exploration & Production SAOG (OQEP), Oman, has signed an Exploration and Production Sharing Agreement (EPS ..Read More

OQ Exploration & Production SAOG (OQEP), Oman, has signed an Exploration and Production Sharing Agreement (EPSA) for Block-54 with the Ministry of Energy and Minerals of Oman. OQEP will hold a 60% interest and operate the block, while Genel Energy will hold the remaining 40%. A Joint Operating Agreement (JOA) has been formalized, and the agreements will take effect once ratified by a Royal Decree. The block is currently under exploration with geological studies, seismic surveys, and exploratory drilling.
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AIQ, a Presight company, has secured a $340 million contract with ADNOC to deploy ENERGYai and associated AI s ..Read More

AIQ, a Presight company, has secured a $340 million contract with ADNOC to deploy ENERGYai and associated AI solutions across ADNOC’s upstream operations. The three-year agreement aims to enhance optimization and efficiency, using ENERGYai's advanced AI, which combines large language models with agentic AI tailored for specific workflows. This solution will significantly reduce process times, minimize costs, and cut emissions by streamlining tasks such as seismic analysis, geological modeling, and real-time monitoring.
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