ADES Holding Company, Saudi Arabia, has secured a Letter of Award (LOA) from PTTEP Energy Development Company ..Read More

ADES Holding Company, Saudi Arabia, has secured a Letter of Award (LOA) from PTTEP Energy Development Company for a five-year offshore jack-up drilling contract in the Gulf of Thailand, with an estimated backlog of SAR 1.035 billion. The contract includes the deployment of the Admarine 503 rig, strengthening ADES’ presence in Southeast Asia, where it now operates five jack-up rigs. This milestone reflects ADES’ agility in redeploying rigs and reinforces its strategic commitment to the region, contributing to its strong financial outlook for the year.
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Heavy Engineering Industries & Shipbuilding Co. (HEISCO), Kuwait, has signed a KWD 33.5 million contract with ..Read More

Heavy Engineering Industries & Shipbuilding Co. (HEISCO), Kuwait, has signed a KWD 33.5 million contract with Kuwait Oil Company (KOC) to upgrade the gas and condensate network in East Kuwait Area-II. The project, with a duration of three years, aims to enhance the region's infrastructure and operational efficiency.
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Combined Group Contracting (CGC) Co., Kuwait, has been awarded a KWD 38.3 million contract for piping and pipe ..Read More

Combined Group Contracting (CGC) Co., Kuwait, has been awarded a KWD 38.3 million contract for piping and pipeline support services, affiliated with the joint operations of Arabian Chevron Inc. and Kuwait Gulf Oil Company. The project will span four years and four months.
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Aramco has partnered with Carbon Clean and SAMSUNG E&A to demonstrate CycloneCC, an innovative carbon capture ..Read More

Aramco has partnered with Carbon Clean and SAMSUNG E&A to demonstrate CycloneCC, an innovative carbon capture technology. The compact, modular system, designed to capture CO2 from natural gas turbine exhaust streams, aims to reduce the cost and footprint of carbon capture systems by up to 50% while maintaining high efficiency. The project will test the technology under real-world conditions, supporting Aramco's carbon-reduction goals.
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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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