- October 23, 2024
Weatherford Secures Multi-Year Contracts in Middle East Q3 2024 Results: Aramco, NOCs, and Kuwait Energy Tap S ..Read More
Weatherford Secures Multi-Year Contracts in Middle East Q3 2024 Results: Aramco, NOCs, and Kuwait Energy Tap Services Across Drilling, MPD, and Completions; Middle East Revenue Hits $542M, Rising 15% YoY with UAE and Saudi Arabia as Key Growth Drivers
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- October 19, 2024
SLB Secures Key Contracts in Gulf Countries Q3 2024: New JV with ADNOC for Unconventional Oil, LSTK Drilling w ..Read More
SLB Secures Key Contracts in Gulf Countries Q3 2024: New JV with ADNOC for Unconventional Oil, LSTK Drilling with KOC, and Integrated Well Services for Shell in Oman; Revenue Hits $3.30B, Up 1% QoQ and 16% YoY, Driven by Strong Sales Across the Region.
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- October 18, 2024
ADNOC deploys AIQ’s Advanced Reservoir 360 (AR360) solution on over 30 reservoirs, enhancing reservoir manag ..Read More
ADNOC deploys AIQ’s Advanced Reservoir 360 (AR360) solution on over 30 reservoirs, enhancing reservoir management and field development planning. Initially tested in 2024 at Bab and Umm Shaif fields, AR360 optimizes drilling and production, supporting ADNOC’s digital transformation and sustainability goals.
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- October 16, 2024
Weatherford International partners with Decahydron to innovate Natural Hydrogen extraction and CO₂ mineralis ..Read More
Weatherford International partners with Decahydron to innovate Natural Hydrogen extraction and CO₂ mineralisation in ultramafic rock formations across MENA. The collaboration, attended by dignitaries including HE Ahmed Al Kaabi, aims to advance the UAE’s National Hydrogen Strategy 2050 and support cleaner energy solutions.
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- October 15, 2024
Aramco and Cybernetix, a Technip Energies subsidiary, have signed a Memorandum of Understanding to explore int ..Read More
Aramco and Cybernetix, a Technip Energies subsidiary, have signed a Memorandum of Understanding to explore integrated robotics solutions for autonomous inspection and maintenance operations. This collaboration aims to optimize operations and enhance the Saudi Aramco Autonomous Robotics (SAAR) project across the Kingdom.
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- October 13, 2024
ADES Holding Company (ADES) has secured 10-year contract renewals for its ADES 13 and ADES 14 onshore rigs in ..Read More
ADES Holding Company (ADES) has secured 10-year contract renewals for its ADES 13 and ADES 14 onshore rigs in Saudi Arabia. This renewal, effective upon current contract expiry, enhances revenue visibility and underscores the company's optimistic outlook in the Kingdom, according to CEO Dr. Mohamed Farouk.
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- October 10, 2024
KCA Deutag has secured over $900 million in new contracts and extensions for land and offshore drilling projec ..Read More
KCA Deutag has secured over $900 million in new contracts and extensions for land and offshore drilling projects across Saudi Arabia, Oman, Pakistan, Angola, and Europe. This includes $431 million in new land contracts, with significant extensions in Saudi Arabia valued at $352 million, reinforcing KCA Deutag's reputation as a premier drilling contractor.
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- October 10, 2024
ADNOC Logistics and Services plc (ADNOC L&S) and AW Shipping have awarded contracts worth $250 million to Chin ..Read More
ADNOC Logistics and Services plc (ADNOC L&S) and AW Shipping have awarded contracts worth $250 million to China's Jiangnan Shipyard for two Very Large Ammonia Carriers (VLACs), enhancing lower-carbon energy supply. This partnership, announced at Jiangnan Shipyard's new Abu Dhabi office opening, underscores commitment to the energy transition. The VLACs, with a capacity of 93,000 cubic meters, are set for delivery between 2027 and 2028, featuring energy-efficient dual-fuel engines.
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