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Wavefront, a specialist in well stimulation and enhanced oil recovery, made our list because of its Powerwave well stimulation tool, which was applied in Saudi Arabia. The majority of its revenue came from the Middle East, where it is looking to expand its KSA distributor base. It also sees opportunities in Kuwait, where it is […]

ADES reported $194.9mn revenue for 2018, and seems poised for growth; the company brought in $108.7mn revenue in Q1 2019 alone. The company secured multiple contract extensions and awards through the year, across Saudi Arabia, Algeria, Kuwait and Egypt, and boasts a total training budget of over $1mn. It also acquired three jack-ups from Nabors […]

In a move to reduce debt, Weatherford sold fellow list member ADES its land drilling rigs in Kuwait, Saudi Arabia, and Algeria. The company’s main goal for 2018 was long-term debt reduction, and in its FY 2018 results reported that it was not able to reduce net debt. Still, its current restructuring could see it […]

Halliburton retains its spot because of its efforts to replicate the US shale boom in the GCC. This is central to achieving the goal of gas self-sufficiency common among many national oil companies. But lowering the cost of production is not as simple as it sounds, since the Middle East has a different set of […]

Schlumberger is an industry titan that needs no introduction, and it has held on to the top spot on this list since it was first introduced in 2017. Its portfolio of products and services is exhaustive, and its focus on the Middle East has only grown with time, as opportunities in the region flourish. Schlumberger […]