Saudi Arabia's Ministry of Energy announced the discovery of 14 new oil and gas fields and reservoirs by Aramc ..Read More

Saudi Arabia's Ministry of Energy announced the discovery of 14 new oil and gas fields and reservoirs by Aramco across the Eastern Province and the Empty Quarter. These include 6 oil fields, 2 oil reservoirs, 2 gas fields, and 4 gas reservoirs. Key finds include the Ayfan oil field (2,840 bpd), Ghizlan gas field (32 MMscf/day with 2,525 barrels of condensate), and multiple new reservoirs in the Marzouq field. These discoveries bolster the Kingdom’s hydrocarbon reserves, aligning with Vision 2030 and enhancing long-term energy security and economic growth.
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Wood has secured a three-year reimbursable contract to provide specialist technical support to Petroleum Devel ..Read More

Wood has secured a three-year reimbursable contract to provide specialist technical support to Petroleum Development Oman (PDO), involving 65 engineering and project management experts—mainly Omani nationals—working on front-end energy transition and carbon capture projects. The team will be integrated into PDO’s FEED office and supported by Wood’s global expertise. This contract adds to Wood’s strong regional growth, following $920 million in contract awards across the Middle East in 2024.
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Terra Drone, the world’s No.1 Drone Service Provider in 2024, has signed an MoU with Aramco to advance drone ..Read More

Terra Drone, the world’s No.1 Drone Service Provider in 2024, has signed an MoU with Aramco to advance drone, robotics, and AI-driven solutions in the oil and gas sector, focusing on safety, efficiency, and localization. The partnership supports R&D, tech piloting, training, and aligns with Saudi Arabia’s economic goals. Following Wa’ed Ventures' investment, Terra Drone established Terra Drone Arabia to localize services, build R&D facilities, and create skilled jobs. The MoU strengthens both firms’ commitment to innovation and Saudi Arabia’s Vision 2030.
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Saipem has secured contracts worth approximately $720 million in the Middle East and Guyana. The Middle East c ..Read More

Saipem has secured contracts worth approximately $720 million in the Middle East and Guyana. The Middle East contract spans 3 years and covers EPCI for repairing subsea pipelines, reinforcing Saipem's offshore maintenance capabilities. In Guyana, Saipem received a Limited Notice to Proceed from ExxonMobil for the Hammerhead oil field SURF project in the Stabroek block, enabling early engineering and procurement work ahead of a possible 2029 start. Final execution is subject to regulatory approvals, with operations managed locally through the VEHSI yard, supporting job creation in Guyana.
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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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