Aramco, the world’s most profitable energy company forecast its capital expenditure for 2023 between $45 to $55 billion in its largest spending exercise to date as it looks to increase its output capacity to 13 million b/d by 2027, the Saudi giant said in its full year financial results on March 12. Aramco continues to […]
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NESR secures well testing contract from Aramco
National Energy Services Reunited Corp (NESR) announced that it has been awarded a long-form well testing contract from Saudi Aramco. This contract is expanding well testing services provided to Aramco on various applications with the latest technology deployed by NESR in Saudi, the statement mentioned. Earlier this year, NESR was awarded a nine-year, wireline services […]
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QatarEnergy strikes oil again in Namibia
QatarEnergy announced today a light oil discovery in the Jonker-1X deep-water exploration well, which marks the company’s third recent discovery offshore Namibia. The well was drilled to a total depth of 6,168 meters in a water depth of 2,210 meters. The acquired data is being evaluated while further appraisal is planned to determine the size […]
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Top 5 oil and gas contracts in the Middle East: February 2023
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
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Thailand’s PTTEP set to host the International Petroleum Technology Conference
PTT Exploration and Production Public Co Ltd (PTTEP) will host the 15th International Petroleum Technology Conference (IPTC 2023) between March 1-3, 2023 in Bangkok. Under the theme ‘Balancing the Energy Landscape through Innovation and Sustainability’, the event will welcome professionals and experts in the energy industry from over 50 countries to exchange and discuss new […]
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Crescent Petroleum signs three contracts to develop Iraqi oil and gas fields
Crescent Petroleum, the Middle East’s oldest privately-owned upstream oil and gas company, has signed three 20-year agreements with Iraq’s Ministry of Oil to appraise, develop, and produce oil and gas from two blocks in Diyala governorate and one in Basra governorate. The agreements will deliver much needed natural gas to fuel nearby power plants and […]
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Hiring soon: Kuwait Oil Company to recruit foreign technical workers
Kuwait Oil Co (KOC), a subsidiary of state-owned Kuwait Petroleum Corp, said it plans to bring in skilled technical workers from several countries including Canada, US, Egypt, Southeast Asia and the Gulf states. The company will hire technicians who are experts in drilling operations, maintenance, exploration and production, and medical and health, safety, environment and engineering, […]
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Egypt set to launch three oil and gas project tenders
Egypt will announce three tenders this year for oil and gas exploration and production projects, the country’s Petroleum and Mineral Resources Minister Tarek El Molla said at the opening ceremony for the Egypt Petroleum Show on Sunday. “Egypt plans to hold three international tenders in 2023 for oil and gas exploration and production,” the Nile […]
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Tethys Oil to invest $85 million in Oman oil and gas assets
Swedish energy firm Tethys Oil said it plans to invest between $85 to $95 million in the development of its upstream oil and gas assets in the Sultanate of Oman this year. The allocation is roughly on par with the company’s investments made across its sizable portfolio last year, the company said in a press […]
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Top 5 oil and gas contracts in the Middle East: January 2023
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region