The market was valued at $12.86bn in 2016, and is expected to reach $17.22bn at a compound annual growth rate (CAGR) of 4.2% from 2017 to 2023.
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Schlumberger wins Aramco contracts for drilling rigs for oil and gas wells
Under the contracts, Schlumberger Integrated Drilling Services (IDS) will provide drilling rigs and services for up to 146 gas wells and up to 128 oil wells over three years.
Oman in focus: Marwan Chaar of GlassPoint Solar on the Sultanate’s oil & gas sector
Marwan Chaar, vice president, project development, GlassPoint Solar, speaks to ArabianOilandGas.com on the latest developments in the oil and gas market in the Sultanate of Oman.
LUKOIL continues exploration at Block 10, appraisal of Eridu field in Iraq
At Block 10, 2D seismic acquisition of the southern and central parts is planned to be accomplished over an area of 3,500 linear kilometres to ensure the mapping of targets for prospect drilling.
ExxonMobil, Petrobras form alliance to explore new opportunities in oil & gas value chain
The firms will evaluate areas of mutual interest that can bring together their experience across the oil and gas production value chain, including opportunities for cooperation in exploration, production, gas and chemicals, both inside and outside Brazil.
Petrofac wins $160mn contract in Iraq from Basra Oil Company
The new two-year extension reflects Petrofac’s continued delivery focus and five-year track record as the incumbent operations and maintenance service provider.
BASF, LetterOne to merge oil and gas subsidiaries
Wintershall DEA would have significant growth potential and be one of the largest independent European exploration and production companies. In the medium term, BASF and LetterOne envisage to list Wintershall DEA through an initial public offering.
Iraqi oil minister invites foreign bids for oil, gas blocks
The ceremony to open the bids to foreign investors will be held on June 21, 2018
ADNOC awards EPC contract for enhancing output from Bab oilfield
CNPC subsidiary CPECC wins ADNOC Onshore contract to carry out works for increasing production from 420,000 bpd to 450,000 bpd by 2020 at the Bab onshore oilfield
Shipping services provider ADSB forays into oil and gas
This is Abu Dhabi Ship Building’s (PJSC) first foray outside the maritime and defence sectors, as it opens up to opportunities beyond its traditional areas of focus