ADNOC Drilling Co today reported record breaking net profits totaling $802 million, up 33% year-on-year. Additionally, the company secured over $10 billion of contract backlog during the period, ADNOC Drilling’s CEO Abdulrahman Abdulla Al Seiari noted. The company also achieved record revenue during the fourth quarter of 2022, while its fleet expansion program delivered the […]
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Kuwait awards $77.5 million contract for pipeline construction
Kuwait’s state-owned Kuwait Oil Co (KOC) has awarded a $77.5 million contract for a project involving the construction of pipelines at two of its Northern oilfields, Arabic language daily Al-Anba reported, quoting KOC sources. The scope of work includes building pipelines and proving associated services for the Northern oilfields of Um Niqa and South Retqa, […]
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Germany to sign long-term LNG supply deal with Oman
Europe has been scrambling to replace Russian gas since last year
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Aramco to supply full crude contract volumes to Asia refiners in MarchÂ
Saudi Aramco has told at least four customers in North Asia they will receive full contract volumes of crude oil in March, Reuters reported on Friday, citing several sources with knowledge of the matter. Saudi Arabia, the world’s top oil exporter, unexpectedly raised the official selling prices for its flagship Arab Light in March amid […]
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Adani’s $133 billion ‘fraud scandal’: 5 things you need to know
The Adani Group has denied the allegations, calling them “malicious” and “baseless”
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Middle East growth a priority for ChampionX, says regional head
Susan Hart, general manager of Middle East and Africa at ChampionX, discusses the company’s growth strategy in the region and how the Houston, Texas-based company is pursuing opportunities for expansion in existing core markets. Oil & Gas Middle East: Can you discuss ChampionX’s ongoing projects in the Middle East region? Hart: With the ramp-up of […]
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UAE Digital Twins Conference: Exploring breakthroughs in the industrial revolution
Powered by Oil & Gas Middle East, Construction Week ME and ITP.net, the Digital Twins Conference will be held on 13 March 2023 at the Grosvenor House in Dubai
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Leveraging IIoT for worker health and safety
The Oil & Gas Automation and Technology Week will be held 14-15 February in Houston, TX and will see industry experts sharing their valuable insights. Captain Daniel Alcantara Chief Solutions Delivery Officer at Magellan X will speak at the event on the topic ‘Leveraging IIoT for Worker Health and Safety,’ highlighting the importance of worker safety and […]
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Bahrain’s Tatweer Petroleum receives EPC bids for gas compression project
Bahrain is undertaking a field development project to increase oil and associated gas production in the Bahrain Oil Field
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Can technology save the Middle East from climate change?
With targeted investment, the Middle East will be able to assume global leadership in a number of climate tech domains