Middle East
News
October 31, 2025
Dana Gas and Crescent Petroleum have completed the $1.1 billion KM250 expansion at Iraq’s Khor Mor field eight months early, adding 250 MMscf/d of new processing capacity and strengthening power generation across the Kurdistan region.
News
October 28, 2025
ADNOC Drilling reported record financial performance for the third quarter and first nine months of 2025, underscoring its role as ADNOC’s upstream growth engine and a key contributor to Abu Dhabi’s long-term energy strategy.
News
October 28, 2025
Odfjell Technology has been awarded a five-year contract to deliver fishing services for drilling and workover operations with a major oil and gas company in Kuwait, marking a continued expansion of its well services portfolio in the Middle East.
Article
October 2025
The Middle East’s oil and gas industry is undergoing one of its most significant transformations in decades. From record upstream investments and LNG expansion to AI-driven efficiency and strategic infrastructure monetization, national oil companies are redefining the region’s energy future.
News
October 24, 2025
Baker Hughes has won a multi-year contract from Aramco to expand coiled tubing drilling operations across Saudi Arabia’s gas fields, increasing its fleet from four to ten units. The project will enhance gas recovery and support the Kingdom’s drive to accelerate natural gas production.
News
October 20, 2025
Kent has been awarded the FEED contract by Al-Khafji Joint Operations (KJO) for the Khafji Desalter and Water Treatment Plant upgrade. The project will sustain 300,000 bpd of crude production and expand treatment capacity to over 500,000 bpd.
News
October 21, 2025
The International Monetary Fund (IMF) says Saudi Arabia’s fiscal balance and current account depend heavily on oil price recovery and higher crude output. A 1 MMbpd rise in production could lift the kingdom’s fiscal balance by 3.2% of GDP as Vision 2030 spending expands.
News
October 21, 2025
Halliburton and VoltaGrid have entered into a strategic collaboration to develop and deploy distributed power generation systems designed to meet the surging energy needs of the global data center industry, with the first projects planned for the Middle East.
News
October 13, 2025
Kuwait Oil Co. has announced a major offshore gas discovery at the Jazah field, with initial tests showing 29 MMcf/d of gas and 5,000 bpd of condensate. The find could hold 1 Tcf of gas and 120 million barrels of condensate, marking a key milestone for Kuwait’s offshore exploration.
News
October 10, 2025
Adnoc Gas CEO Fatema Al Nuaimi says the upcoming wave of global LNG supply through the decade will spark sustained demand growth, as lower prices encourage long-term adoption in emerging markets.
Article
October 2025
Kuwait Oil Company (KOC) is delivering operational excellence and production achievements while building a skilled, motivated and capable workforce that underpins the company’s operational success and Kuwait’s energy future.
News
October 08, 2025
ExxonMobil has signed new agreements with Iraq’s Basra Oil Co. and SOMO to explore and develop the Majnoon oil field, marking its first upstream re-entry into Iraq since exiting West Qurna-1 in early 2024.
News
October 03, 2025
QatarEnergy has signed an agreement with Shell to acquire a 27% participating interest in the North Cleopatra offshore block in Egypt’s Herodotus Basin. Pending government approval, Shell will remain operator with 36%, alongside Chevron (27%) and Tharwa Petroleum (10%).
News
October 03, 2025
OPEC+ has agreed to raise oil production by 137,000 barrels per day in November, signaling a cautious approach as Saudi Arabia and Russia reached consensus after differing on supply strategy.
News
September 18, 2025
ARGAS has become the first company to deploy STRYDE’s nodal seismic technology in Egypt, acquiring 30,000 Range+ nodes and the Nimble system for a large 2D survey. The move marks a breakthrough in onshore seismic acquisition.
News
September 17, 2025
ADNOC's XRG has withdrawn its $19 billion bid for Santos, ending a high-profile push to expand in Australia’s LNG market amid valuation and tax disagreements.
News
September 15, 2025
TotalEnergies, alongside Basra Oil Company and QatarEnergy, has launched construction of the final two major components of Iraq’s multibillion-dollar Gas Growth Integrated Project (GGIP), a landmark upstream and energy transition initiative.
News
September 15, 2025
Subsea7 has secured a $750 million –$1.25 billion offshore contract with Aramco in Saudi Arabia for the engineering, procurement, construction, and installation of 106 km of pipelines, topsides modifications and hook-up work. Offshore operations are planned for 2027–2028.
News
September 12, 2025
Kuwait Petroleum Corp. is considering leasing $7 billion worth of pipelines to fund its $65 billion investment program, with $33 billion focused on boosting upstream oil production capacity to 4 million bpd by 2035.
News
September 10, 2025
Rex International reported August 2025 production of 12,230 boed from assets in Norway, Oman and Germany, led by output from the Brage, Yme and Yumna fields.
News
September 08, 2025
Saudi Arabia will cut prices on all of its crude grades for buyers in Asia for next month as well as on most barrels to other regions after OPEC+ said it will continue to increase output, defying widespread expectations of a looming oversupply.
