The Kingdom of Bahrain inaugurated the Bapco Modernization Project (BMP), its largest-ever strategic initiativ ..Read More

The Kingdom of Bahrain inaugurated the Bapco Modernization Project (BMP), its largest-ever strategic initiative, during the 53rd National Day celebrations. BMP modernizes Bahrain's energy sector with advanced technologies, boosting refining capacity, efficiency, and sustainability. A key component of Vision 2030, the project reflects Bahrain's commitment to economic progress, energy transformation, and carbon reduction, positioning Bapco Energies as a global leader in sustainable energy solutions.
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Bawan announced that its subsidiary, Petronash Arabia, secured an SAR 832 million contract with Saudi Aramco t ..Read More

Bawan announced that its subsidiary, Petronash Arabia, secured an SAR 832 million contract with Saudi Aramco to supply special products for gas wells. This is the third purchase order under a long-term agreement, with deliveries scheduled from October 2025 to August 2026.
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ADNOC Drilling, SLB, and Patterson-UTI finalized the Turnwell Industries joint venture, with ADNOC holding a 5 ..Read More

ADNOC Drilling, SLB, and Patterson-UTI finalized the Turnwell Industries joint venture, with ADNOC holding a 55% stake. Turnwell has achieved record efficiency in its initial 144 unconventional wells, reducing delivery time by 13% and costs by 53% on a four-well pad. The JV aims to unlock Abu Dhabi’s vast unconventional oil and gas resources using advanced drilling technologies and AI-driven innovations.
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Wood secured $920 million in contracts across the Middle East in 2024, spanning Iraq, Kuwait, Oman, Qatar, Sau ..Read More

Wood secured $920 million in contracts across the Middle East in 2024, spanning Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. Projects include pre-FEED for Aramco, a flare gas reduction program cutting 10 million tonnes of CO2 annually, and hydrogen and carbon capture consulting. Wood expanded its workforce by 500 employees and launched graduate engineering programs, with plans to open a vocational training center in Iraq in 2025.
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XRG and bp have finalized the formation of Arcius Energy, a joint venture focused on international natural gas ..Read More

XRG and bp have finalized the formation of Arcius Energy, a joint venture focused on international natural gas operations, with bp holding 51% and XRG 49%. Initially operating in Egypt, the JV combines their technical expertise and aims to build a competitive gas portfolio while supporting a lower-carbon energy transition. Naser Saif Al Yafei was appointed CEO, and Katerina Papalexandri CFO, bringing extensive experience from ADNOC and bp.
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ADNOC has signed a 15-year Sales and Purchase Agreement with Germany’s EnBW for 0.6 million tonnes per annum ..Read More

ADNOC has signed a 15-year Sales and Purchase Agreement with Germany’s EnBW for 0.6 million tonnes per annum (mtpa) of LNG from the Ruwais LNG project, set to begin deliveries in 2028. This marks ADNOC’s second long-term LNG deal with Germany, advancing UAE-Germany energy collaboration under the ESIA agreement and supporting decarbonization efforts. The Ruwais LNG project will double ADNOC Gas’ production capacity to 15 mtpa by 2028.
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QatarEnergy has acquired a 27.5% working interest in Namibia’s offshore Block 2813B (PEL0090) through an agr ..Read More

QatarEnergy has acquired a 27.5% working interest in Namibia’s offshore Block 2813B (PEL0090) through an agreement with Harmattan Energy Limited (a Chevron subsidiary), which retains a 52.5% stake. The block, located 200 km offshore and near QatarEnergy’s Venus discovery, spans 5,433 km² in deep waters. QatarEnergy plans to begin drilling the first exploration well soon, strengthening its upstream presence in Namibia.
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Subsea 7 has secured a substantial contract from Aramco for decommissioning and installing new subsea faciliti ..Read More

Subsea 7 has secured a substantial contract from Aramco for decommissioning and installing new subsea facilities at the Abu Safah field, offshore Saudi Arabia. The project, valued between $150 million and $300 million, includes engineering, procurement, construction, and installation, with offshore operations planned for 2026. It will be managed from Subsea 7's Al Khobar office, reinforcing their long-standing partnership with Aramco.
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