Weatherford International has been awarded a three-year contract with Saudi oil giant Aramco to deliver drilling services, the company announced in a press release. Under the contract, Weatherford will deploy its Drilling Services portfolio, which includes a suite of technology that combines real-time information analysis and drilling tools to maximize efficiency. Deploying these service and technology offerings […]
drilling
UAE’s Dana Gas eyes $100 million investment to drill new wells in Egypt
Dana Gas, a prominent UAE-based company, is set to commence drilling operations on 11 new wells in Egypt this year with an investment of around $100 million, a senior company official has revealed. The investment is expected to contribute approximately 80 billion cubic feet of reserves and production, said Mohammed Mubaideen, the company’s head of […]
ADNOC Drilling eyes major drilling growth in Abu Dhabi
In an exclusive interview with Oil & Gas Middle East, CEO of ADNOC Drilling Abdulrahman Abdulla Al Seiari, discusses the company’s fleet expansion, first-quarter results, and increased decarbonisation focus. Can you discuss what projects/plans are in the pipeline for ADNOC Drilling? The pipeline of opportunities in Abu Dhabi is vast and remains our number one […]
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 […]
Oman’s Abraj Energy Services to list 49% shares on Muscat Stock Exchange
Oman’s drilling firm Abraj Energy Services has announced its intention to proceed with an IPO and listing on the Muscat Stock Exchange, which is expected to take place in March 2023, subject to receiving the required regulatory approvals from the Capital Market Authority of the Sultanate of Oman. The company’s planned listing will allow investors […]
Abraj Energy CEO on Oman’s diverse drilling landscape
In an exclusive interview with Oil & Gas Middle East, Saif Al Hamhami, CEO of Oman-based Abraj Energy Services — a fully-owned subsidiary of OQ — talks about Oman’s drilling sector, the company’s new brand identity and its planned IPO next year. Oil & Gas Middle East: With an increasing focus on higher oil and […]
AI on drilling rigs: real-time detection and immersive insights
Drilling rig risks can be drastically mitigated only by using new technologies
Top 5 oil and gas contracts in the Middle East: October 2022
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
Top 5 oil and gas contracts in the Middle East: September 2022
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
Arabian Drilling IPO to raise $712 million
The Saudi drilling company has set a price range of SR 90-SR100 for its IPO