Aramco’s half year net income soared to $87.9 billion, beating earnings of the largest listed oil majors, including Exxon Mobil, Chevron and BP
Exploration & Production
Posted inExploration & Production, Earnings, EPC Contracts
Energy roundup: Middle East oil and gas companies riding high on profits and projects
This week, key players in the region unleashed billions in revenues and continued to advance key projects
Posted inNews, Exploration & Production
ADNOC awards $1.17 billion contract for jack-up barges to boost offshore production
The award is expected to support ADNOC’s objective to achieve 5 million barrels of daily crude oil production capacity by 2030
Posted inEPC Contracts, Exploration & Production
Saipem wins three new EPC contracts for $900 million in Angola
Saipem will handle the project’s EPC work including hook-up and commissioning assistance
Posted inDownstream, Earnings
ADNOC Distribution reports AED 1.56 billion H1 net profit
The company accelerated delivering on its growth strategy throughout the first half of the year, with the opening of 12 new stations in the UAE
Posted inExploration & Production
Energy roundup: Top 5 Trends of the global energy market
Amid fluctuating demand-supply outlooks and recession concerns, here are editor’s top picks of what’s trending in the energy market
Posted inDRILLING & PRODUCTION
ADNOC Drilling awarded over $3.4 billion in contracts to boost offshore production capacity
Over 80% of the contract value will flow back into the UAE’s economy under ADNOC’s In-Country Value program
Posted inEPC Contracts
Petrofac, GCB win $300 million EPC contract in Algeria
Once completed, the project will ramp up gas production and remove CO2 from the field’s gas reserves
Posted inEarnings, DRILLING & PRODUCTION
Big Oil, US shale companies report bumper second-quarter profits
Soaring energy prices and strong demand recovery has boosted Big Oil’s profits, which have exceeded estimates
Posted inExploration & Production
ADNOC makes second gas discovery from offshore Block 2 exploration concession
Operated by Eni, ADNOC’s latest discovery indicates a further 1 – 1.5 TSCF of natural gas from a deeper zone in Abu Dhabi’s Offshore Block 2 Exploration Concession