Middle East
News
May 19, 2025
The agreement grants ADNOC perpetual and exclusive rights to utilize Tubacex’s Sentinel Prime premium tubular joint connection technology, which is critical for completing oil and gas wells while reducing costs and ensuring supply chain resilience.
News
May 19, 2025
The United Arab Emirates and Exxon Mobil Corp. have agreed to expand the nation’s oil production capacity, ADNOC said in a statement Friday. Under the agreement, ADNOC will work with Exxon to boost capacity at the offshore Upper Zakum field.
News
May 16, 2025
EOG Resources, Inc. (EOG) today announced that the company was awarded a new oil exploration concession for Unconventional Onshore Block 3 (UCO3) by Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA).
News
May 14, 2025
Woodside Energy and Aramco have entered into a non-binding collaboration agreement to explore global opportunities, including Aramco’s potential acquisition of an equity interest in and LNG offtake from the Louisiana LNG project.
News
May 14, 2025
Oil giant Saudi Aramco has signed agreements with major U.S. companies potentially totaling about $90 billion. The signed MoUs and pacts cover partnerships on LNG, AI, emission-reduction technologies and more, Aramco said in a statement.
News
May 12, 2025
Höegh Evi has signed a 10-year time charter agreement with Egyptian Natural Gas Holding Company (EGAS) for the deployment of Hoegh Gandria as a floating storage and regasification unit (FSRU) in Egypt.
News
May 09, 2025
The drilling unit of the United Arab Emirates’ biggest oil company expects to make three acquisitions in the second half of this year totaling about $500 million, as it expands in technology and hardware to bolster growth.
News
May 09, 2025
Oman is looking to sell a stake in natural gas assets valued at about $8 billion, according to people familiar with the plan, as the sultanate seeks to raise cash to shore up its state finances and fund investments.
News
May 08, 2025
ADNOC Drilling has announced strong financial results for the first quarter of 2025, building on its growth trajectory with a focus on strategic investments in fleet expansion, integrated services, AI and global expansion.
News
May 08, 2025
Core Laboratories Inc. has opened a new Unconventional Core Analysis Laboratory in Saudi Arabia. Developed in collaboration with Abdulla Fouad Group, the facility underscores the company's commitment to advancing reservoir evaluation technologies in the Middle East.
News
May 06, 2025
Kazakhstan is weighing options to comply with OPEC+ obligations to cut production, after Saudi Arabia doubled down on its efforts to bring quota-cheats in line. Kazakhstan previously agreed at a May OPEC meeting to reduce production to 1.5 million bpd in June.
News
May 05, 2025
ADNOC Gas has announced net income of $1.27 billion for Q1 2025, attributing the strong performance to continued demand for domestic gas - up on the equivalent quarter last year - as a result of strong economic growth in the UAE.
News
May 02, 2025
OPEC+ agreed to increase output again in June, as the group continues a supply revival aimed at punishing over-producing members that has sent crude prices plunging. Key nations agreed to add 411,000 bpd next month, according to a statement.
News
May 01, 2025
TotalEnergies and OQ Exploration and Production have broken ground on the Marsa LNG plant in Oman, one year after reaching FID on the project. The 1 MMtpa liquefaction plant is being built by Marsa LNG LLC, a joint company between TotalEnergies (80%) and OQEP (20%).
News
April 22, 2025
Mexican industrial valve manufacturer Walworth opened its new production plant in Dubai, UAE, a key strategic step to strengthen its presence in the Middle East and significantly improve its supply chain in the region.
News
April 23, 2025
OPEC+’s audacious bid to punish its oil-quota cheats prompted a renewed plunge in crude on Wednesday, amid growing tensions with Kazakhstan. Kazakhstan Energy Minister Erlan Akkenzhenov appeared on Wednesday to reject pressure to bring output in line with OPEC+'s quota.
News
April 22, 2025
Oil rose as the potential for the U.S. to curtail Iranian flows added to a rebound driven by broader markets. Crude slumped earlier this month on concern that tensions between the U.S. and its trading partners will hurt economic growth and oil consumption.
News
April 21, 2025
Wood has been awarded $11 million in contracts by TotalEnergies to support Iraq’s Ratawi field redevelopment, aiming to boost capacity to 120,000 barrels per day under the Gas Growth Integrated Project.
News
April 21, 2025
(Bloomberg) — Turkey is planning new oil and gas exploration in Bulgaria, Libya, and Iraq as part of a broader upstream expansion strategy. State-run TPAO is leading efforts to boost regional output and secure international energy deals.
News
April 16, 2025
Iraq, along with some other members of the OPEC+ alliance, is under pressure from the group’s leaders to make extra supply curbs as compensation for overproducing during the past year, according to sources familiar with the matter.
News
April 15, 2025
Halliburton and Nabors Industries have achieved the first fully automated surface and subsurface execution of rotary and slide drilling operations in Oman. The closed-loop drilling execution earned both companies the 2025 Digital Enabler of the Year Award and represents a step forward in automation in the region.
