Vallourec has secured a major contract worth over $130 million to supply advanced Oil Country Tubular Goods (O ..Read More

Vallourec has secured a major contract worth over $130 million to supply advanced Oil Country Tubular Goods (OCTG) to Kuwait Oil Company (KOC) for drilling operations in 2025 and 2026. The contract includes carbon steel OCTG with high-torque flush premium connections and proprietary steel grades, supporting Kuwait’s goal to raise oil production to 4 million barrels/day by 2035. Vallourec’s selection reflects its longstanding partnership and technical edge in both offshore and onshore projects.
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Borouge Plc has announced strategic asset expansions to enhance its ethylene and polyethylene production capac ..Read More

Borouge Plc has announced strategic asset expansions to enhance its ethylene and polyethylene production capacity, adding between $165 million to $200 million in EBITDA annually. The expansions include a 15% capacity increase for its second ethane cracker (EU2), scheduled for completion in Q4 2028, and the expansion of polyethylene units PE4 and PE5 to 700,000 tpa by Q1 2027. These projects align with Borouge’s commitment to innovation and sustainable growth, further bolstering the UAE’s economy and ADNOC’s In-Country Value program. Borouge also plans to merge with Borealis and acquire Nova Chemicals, forming a $60 billion global leader in polyolefins.
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SLB has secured multiple significant contracts in the Middle East, including a corporate purchase agreement wi ..Read More

SLB has secured multiple significant contracts in the Middle East, including a corporate purchase agreement with Aramco for drilling fluid chemicals in Saudi Arabia, a joint electric completions campaign with ADNOC in the UAE, and a natural gas discovery in Egypt with ExxonMobil. In Kuwait, SLB is supporting KOC’s Integrated Digital Field project and deploying Hi-Ex™ cement technology to boost production in the Burgan Field. Additionally, SLB is partnering with Shell for Petrel™ software deployment and Dragon Oil for AI-driven optimization.
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NMDC Energy PJSC has extended its Long-Term Agreement (LTA) with Aramco, continuing its strategic growth in Sa ..Read More

NMDC Energy PJSC has extended its Long-Term Agreement (LTA) with Aramco, continuing its strategic growth in Saudi Arabia. The LTA covers engineering, procurement, fabrication, installation, and pre-commissioning of offshore facilities in Saudi territorial waters. This extension follows NMDC Energy’s 2016 LTA and the inauguration of an advanced fabrication yard in Ras Al Khair, Saudi Arabia, in early 2025.
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Weatherford International has signed a strategic MOU with AIQ, an Abu Dhabi-based AI company, to integrate Wea ..Read More

Weatherford International has signed a strategic MOU with AIQ, an Abu Dhabi-based AI company, to integrate Weatherford’s software and hardware solutions with AIQ’s AI-driven systems. The partnership aims to enhance energy production efficiency by combining automation, data-driven insights, and AI technology. Key offerings include the Modern Edge suite, Unified Data Model, and WFRD Software Launchpad for optimized workflows, reduced downtime, and cost savings in oil and gas operations.
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BAPCO Upstream W.L.L, Bahrain, has received proposals from six companies for Directional Drilling and Logging ..Read More

BAPCO Upstream W.L.L, Bahrain, has received proposals from six companies for Directional Drilling and Logging While Drilling services to support its drilling program. The bids range from BHD 24.54 million (Rukun Al Yaqeen International) to BHD 53.24 million (Baker Hughes), with Schlumberger submitting two options. The scope includes supply of equipment, materials, and personnel, with flexibility for BAPCO to adjust service levels based on its drilling needs
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Kuwait Petroleum Corporation (KPC) held an official ceremony in Seoul to mark the first crude oil shipment und ..Read More

Kuwait Petroleum Corporation (KPC) held an official ceremony in Seoul to mark the first crude oil shipment under its new storage agreement with Korea National Oil Corporation (KNOC). Signed in October 2024, the two-year agreement allows KPC to store up to 4 million barrels of crude oil at KNOC’s Ulsan facility. The move strengthens Kuwait’s global hydrocarbon reach and supports energy security in the region.
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Wood has secured two new engineering and procurement framework agreements worth $11 million from TotalEnergies ..Read More

Wood has secured two new engineering and procurement framework agreements worth $11 million from TotalEnergies EP Ratawi Hub as part of Iraq’s Gas Growth Integrated Project (GGIP). The three-year contracts support the Associated Gas Upstream Project (AGUP) at the Ratawi field, aiming to upgrade facilities and increase production to 120,000 barrels/day. Wood, active in the Ratawi field since 2023, has hired 70 Iraqis and will deliver the work via teams in Basra and the UAE.
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