ADNOC Drilling, UAE, secured a $1.15 billion 15-year contract for two advanced jack-up rigs to support ADNOC O ..Read More

ADNOC Drilling, UAE, secured a $1.15 billion 15-year contract for two advanced jack-up rigs to support ADNOC Offshore’s growing operations, with rigs prepared at Sharjah’s Lamprell shipyard. Equipped with AI, digitalization, and real-time analytics, these rigs will enhance efficiency and safety, starting operations in the second half of 2025. This long-term deal strengthens ADNOC Drilling’s revenue visibility and supports the UAE’s energy strategy and economic development.
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• Oil & Gas

The Governments of Saudi Arabia and Kuwait announced a new oil discovery at the North Wafra Wara-Burgan field, ..Read More

The Governments of Saudi Arabia and Kuwait announced a new oil discovery at the North Wafra Wara-Burgan field, located 5 km north of the Wafra field. The Wara-Burgan-1 well produced over 500 barrels per day with an API gravity of 26-27 degrees. This is the first discovery since production resumed in the Partitioned Zone in mid-2020, strengthening both countries’ roles as reliable global energy suppliers.
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• Oil & Gas

NesmaKent Energy Company (NKJV), a joint venture between Nesma & Partners and Kent, signed a strategic contrac ..Read More

NesmaKent Energy Company (NKJV), a joint venture between Nesma & Partners and Kent, signed a strategic contract with Aramco to lead phase one of the National EPC Champion Initiative, focusing on water handling facility upgrades in South Ghawar. The project supports Saudi Arabia’s MSC crude oil targets and emphasizes operational excellence, workforce development, advanced technologies, and sustainability aligned with Vision 2030. NesmaKent’s role strengthens local supply chains and the Kingdom’s energy infrastructure leadership.
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Aramco has successfully commissioned the world’s first megawatt-scale Iron-Vanadium (Fe/V) flow battery to p ..Read More

Aramco has successfully commissioned the world’s first megawatt-scale Iron-Vanadium (Fe/V) flow battery to power gas well operations in Wa’ad Al-Shamal, Saudi Arabia. Developed with Rongke Power, the 1-MWh system supports up to five wells, is designed for extreme climates, and provides a safer, more efficient, and low-maintenance alternative to traditional batteries. This innovation supports Aramco’s net-zero 2050 goal and renewable energy strategy.
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At the Make it in the Emirates forum, ADNOC (UAE) awarded AED543 million ($147.8 million) in contracts to nine ..Read More

At the Make it in the Emirates forum, ADNOC (UAE) awarded AED543 million ($147.8 million) in contracts to nine UAE-based manufacturers, including Al Ghaith Industries and Union Chlorine, for locally made industrial products like PPE, chemicals, valves, and biodiesel. Enabled by its In-Country Value (ICV) programme, these deals aim to boost local manufacturing, reduce import reliance, and create Emirati private-sector jobs. ADNOC plans to locally produce AED90 billion ($24.5 billion) worth of products by 2030.
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ADNOC has signed AED6 billion ($1.64 billion) worth of framework agreements with 12 UAE-based companies to loc ..Read More

ADNOC has signed AED6 billion ($1.64 billion) worth of framework agreements with 12 UAE-based companies to locally manufacture pressure vessels and cables, supporting the ‘Make it in the Emirates’ initiative. These long-term deals are expected to create 1,300 skilled private-sector jobs, boost industrial activity across UAE zones, and strengthen supply chain resilience. ADNOC plans to locally procure AED90 billion ($24.5 billion) worth of goods by 2030 as part of its In-Country Value (ICV) program.
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National Energy Services Reunited Corp. (NESR) has secured five-year Slickline contracts worth US$200 million ..Read More

National Energy Services Reunited Corp. (NESR) has secured five-year Slickline contracts worth US$200 million in Kuwait and Oman, expanding its Drilling & Evaluation (D&E) segment across the MENA region. These new awards mark NESR’s entry into Slickline services in both countries, building on existing strengths in Saudi Arabia and Egypt. The move supports NESR’s “portfolio pull through” strategy and reinforces its position among the top three regional providers of evaluation services.
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Technip Energies has secured a Detailed Engineering Design contract worth between €50 million and €250 mil ..Read More

Technip Energies has secured a Detailed Engineering Design contract worth between €50 million and €250 million from Larsen & Toubro's Hydrocarbon Business for QatarEnergy LNG's North Field Production Sustainability Offshore Compression Project (NFPS COMP 4). The scope includes designing two offshore compression complexes with platforms, flare systems, and interconnecting bridges. This follows the successful completion of the FEED phase and was recorded in Q1 2025 under Technip’s Technology, Products & Services segment.
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