KBR will initially sign a three-year agreement with scope of extension
Oil & Gas
Unlocking the power of digital twins: A game-changer for oil and gas production
Digital twins are changing the game for the industry, providing a complete 360-degree replica of physical assets and enabling companies to optimise their operations and improve asset availability
ADNOC Distribution acquires a 50% stake in TotalEnergies Egypt for approx. $200mn
The acquisition by ADNOC Distributions will also see the refurbishment of several service stations to ADNOC branding, offering a robust foothold in a fast-growing fuel retail market in Egypt
Al Masaood Power Division inks distribution agreement with Sunstream International
Al Masaood Power Division noted that it will continue to heavily invest in renewable energy to provide sustainable electricity through solar energy in the GCC region
BCG report: The future of operating models for oil and gas companies
National oil companies must look towards new operating model for a decarbonised future, says global consultancy BCG
The autonomous and digital future of offshore environments: Fugro
Industry experts from Fugro analyse what the future holds for offshore energy fields, and how it can embrace and prepare itself for an autonomous and digital future
QatarEnergy signs agreement with TotalEnergies for the North Field East LNG project
TotalEnergies and QatarEnergy have formed a joint venture (25:75) which will have a 25% interest in the 32 Mpta NFE project
How can AI help decarbonise oil & gas?
KAUST in Saudi Arabia is working on custom AI algorithms for process control and optimisation, which will eventually help oil and gas firms with green hydrogen generation
Saipem sells onshore drilling business for $550mn to KCA Deutag
The Saipem-KCAD agreement will create a leading global onshore drilling business with over $1.6bn in revenue across core geographies in the Middle East and key markets in Europe and Latin America.