Aramco reports drop in Q1 profits but ups capital expediture
Aramco has reported a 19% drop in Q1 profits compared to the Q1 2022 total as a result of lower oil prices, but has recorded growth in capital expenditure
E&P
Sparrows Group wins work in Kuwait for first time
Sparrows Group (Sparrows), the engineering and maintenance services specialist for the global energy and industrial sectors, has been awarded work in Kuwait for the first time
ADNOC Drilling secures US$412mn Integrated Drilling Services contract
ADNOC Drilling confirmed the award of a five-year contract for the provision of Integrated Drilling Services (IDS), totalling US$412mn from ADNOC Offshore commencing in the second quarter of 2023
DNV and EGPC sign MoU to support Egypt Vision 2030 plan
DNV, the independent energy expert and assurance provider, strengthened its commitment to tackling climate change through a Memorandum of Understanding (MoU) with the Egyptian General Petroleum Corporation (EGPC) to support their effort to set science-based targets for their net zero goals
QatarEnergy grows offshore exploration portfolio with Mauritania acquisition
QatarEnergy has entered into an agreement with Shell to acquire a 40% working interest in the C-10 block located offshore Mauritania
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