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Richard Hall, CEO of Dana Gas. (Image source: Dana Gas)

Exploration & Production

Dana Gas has reported success in the initial stages of its US$100mn investment programme to increase Egypt’s gas production

The US$100mn investment programme, which involves the drilling of 11 new wells, is expected to significantly increase Dana Gas’s long-term production in Egypt and add approximately 80 bcf in recoverable gas reserves over the course of the two-year plan.

The company has received encouraging initial results from the ‘Begonia-2’ appraisal well, the first appraisal well within the Begonia development area in Egypt’s onshore Nile delta and the first of eleven appraisal and exploration wells planned under the investment programme. The well is estimated to contain nine billion cubic feet (bcf) of gas as an initial estimate, which is subject to increase. Begonia-2 will produce an additional five million cubic feet per day. The well is located in the "New El-Manzala" concession and is operated by the  El-Wastani Petroleum Company (Wasco).

The company has also begun to re-complete several wells in other geological layers, which are expected to add more reserves and enhance production. Work is currently underway on the Balsam-3 well, where estimated reserves are 4 bcf, with an anticipated additional production of 3 million cubic feet of gas per day. The successful recompletion of Balsam-3 is expected to reduce the risk associated with drilling exploration wells in the area and further enhance output.

Richard Hall, CEO, Dana Gas, said, “We have been developing and producing gas in Egypt for over a decade, and the signing of the concession area consolidation agreement with the Egyptian Natural Gas Holding Company (EGAS) late last year has allowed us to acquire additional areas under improved financial terms, enabling us to launch this new phase.

“The success of drilling this well opens vast prospects for gas production in the 'Begonia' area and presents promising future opportunities for expansion and growth. It will also extend the operational life of our assets in Egypt. We are fully committed to making every effort to ensure the success of the programme and its efficient and timely execution. Dana Gas reaffirms its strong commitment to reinvesting the payments it receives from the Egyptian government into executing this ambitious programme and supporting future development projects in the country.”

Amin H. Nasser, CEO Aramco. (Image source: Aramco)

Industry

Aramco reported healthy profits of US$22.7bn in Q2 2025 in its latest financial results, albeit down from the US$26bn recorded in Q1, and maintained high levels of capex to pursue its strategic objectives 

Half-year profits stood at US$48.7bn compared with US$56.3bn in the first half of 2024. The decrease was mainly due to the impact of lower revenues (due to lower crude oil prices and lower refined and chemical products prices) as well as higher operating costs, according to the company.

Aramco declared a Q2 2025 base dividend of US$21.1bn and a performance-linked dividend of US$0.2bn to be paid in the third quarter.

“Aramco’s resilience was proven once again in the first half of 2025 with robust profitability, consistent shareholder distributions and disciplined capital allocation,” said Amin H. Nasser, Aramco CEO.

“Market fundamentals remain strong, and we anticipate oil demand in the second half of 2025 to be more than two million barrels per day higher than the first half. Our long-term strategy is consistent with our belief that hydrocarbons will continue to play a vital role in global energy and chemicals markets, and we are ready to play our part in meeting customer demand over the short and the long term.”

Upstream capital expenditure stood at US$19.2bn for the first half of 2025, relatively consistent with the first half of 2024 due to continuing development activity on multiple strategic gas projects to expand its gas business and advancement of crude oil increments designed to maintain crude oil MSC at 12.0mn bpd.

Aramco reported progress in its Berri, Marjan and Zuluf crude oil increments and brought Phase One of the Dammam development project onstream.

Aramco’s strategy to increase sales gas production capacity by more than 60% was advanced with multiple gas projects, including the Tanajib Gas Plant, Fadhili gas plant expansion and Jafurah Gas Plant, part of the Jafurah unconventional gas field development, with phase one on track for completion in 2025.

Downstream, capital expenditures for the first half of 2025 were US$5.1bn, an increase of 33.1% compared to the same period in 2024, predominantly due to the steady progress of capital projects such as the construction of the refinery-integrated petrochemical steam cracker being developed by S-OIL, the Amiral expansion at the SATORP refinery, and other projects. Global retail momentum continued with the introduction of premium fuel lines in Chile and Pakistan.

“We continue to invest in various initiatives, such as new energies and digital innovation with a focus on AI – aiming to leverage our scale, low cost, and technological advancements for long-term success,” added Nasser. The company significantly boosted its AI computing capacity to reach over 500 PetaFLOPS, a 20-fold increase from the previous year, while power purchase agreements were signed to develop new renewables projects, capitalising on the Kingdom’s advantaged solar and wind resources.

The two companies will collaborate on AI-powere autonomous operations. (Image source: Borouge)

Petrochemicals

Abu Dhabi-based petrochemicals company Borouge is collaborating with Honeywell to conduct a proof of concept for AI-powered autonomous operations, which is set to deliver the petrochemical industry’s first AI-driven control room designed for full-scale, real-time operation

The initiative aims to deploy the proof-of-concept technologies to enhance Borouge’s operations across its Ruwais facilities in the UAE. Autonomous operations will enable Borouge to optimise production, reduce energy use, and enhance safety while reducing costs at what will be the single largest petrochemical site in the world. Both companies will leverage their expertise in process technology and autonomous control capabilities to identify new opportunities to deploy Agentic AI solutions and advanced machine learning algorithms.

The project is a key component of Borouge's companywide AIDT programme, which is projected to generate US$575mn in value this year. In 2024, Borouge’s portfolio of over 200 AIDT initiatives—spanning operations, health and safety, sales, sustainability, and product innovation—generated $573mn in value

Borouge has already installed the world’s largest Real-Time Optimisation (RTO) system across three large-scale ethane crackers and 20 furnaces. The initiative analyses over 2,500 parameters per minute, enabling instant data-driven decisions, significantly enhancing productivity, optimising energy consumption and reducing emissions. The unique system minimises ethane dumping and optimises resource use, in line with Borouge's commitment to sustainable growth and operational excellence.

Borouge has invested in its state-of-the-art Innovation Centre located in Abu Dhabi and is now using advanced AI-powered tools to accelerate innovation, enabling the company to bring new grades of advanced polymers to market quicker. In collaboration with ADNOC AI Lab, Borouge has completed its first “Polymer Optimisation” programme, achieving a 97% accuracy, enabling Borouge to reduce its development timeline from months to weeks.

Hazeem Sultan Al Suwaidi, chief executive officer of Borouge, said, “Borouge's AI, Digitalisation, and Technology (AIDT) transformation programme is setting new standards in operations, innovation and business performance. By collaborating with global AI leaders such as Honeywell, we are accelerating growth, driving efficiency, and enhancing shareholder value. This project further strengthens Borouge’s competitive edge as we continue to deliver on our ambitious AIDT roadmap.”

George Bou Mitri, president of Honeywell Industrial Automation, Middle East, Turkey, Africa, Central Asia, said, “By integrating AI and automation technologies into core operations, we are helping unlock new levels of efficiency, safety, and performance. This agreement shows how advanced technologies, applied with purpose, can reshape industrial operations at scale.”

The agentic AI solution will be deployed across ADNOC's subsurface operations. (Image source: SLB)

Technology

SLB and AIQ, the Abu Dhabi-based AI company focusing on the energy sector, will collaborate to advance AIQ’s deployment of its ENERGYai agentic AI solution across ADNOC’s subsurface operations

ENERGYai combines large language model (LLM) technology with cutting-edge agentic AI, which is trained for specific workflows across ADNOC’s upstream value chain. ENERGYai will power agentic AI to automate complex, high-impact tasks, increasing efficiency, enhancing decision-making and optimising production across ADNOC’s operations and thereby accelerating the impact of AI-driven energy transformation. AIQ and SLB will jointly design and deploy new agentic AI workflows across ADNOC’s subsurface operations, including for geology, seismic exploration, and reservoir modelling, supported by SLB’s Lumi data and AI platform, and other digital technologies.

A scalable version of ENERGYai is under development, which will include AI agents covering tasks within subsurface operations, with deployment commencing in Q4 2025.

“The collaboration between AIQ and SLB enables the development of sophisticated AI workflows that integrate seamlessly with ADNOC’s infrastructure, driving efficiency, scalability, and innovation at every stage of the energy lifecycle,” said Dennis Jol, CEO of AIQ. “Our ENERGYai agentic AI solution is pioneering in its sheer scale and impact, and we are proud to involve other significant industry technology players in its development and evolution.”

“Our collaborations with AIQ have already delivered innovative solutions, and now we are supporting the building of the foundation for the next era of intelligent energy operations together with AIQ’s ENERGYai . This agentic AI solution is set to drive long-term value and operational resilience across ADNOC’s energy value chain,” said Rakesh Jaggi, president, Digital & Integration, SLB.

See also: https://oilreviewmiddleeast.com/technical-focus/aiq-win-us-360mn-adnoc-for-agentic-ai-deployment

https://oilreviewmiddleeast.com/technical-focus/adnoc-aiq-launch-proof-of-concept-trial-of-energyai

https://oilreviewmiddleeast.com/technical-focus/slb-launches-lumi-data-and-ai-platform

The webinar will transform confined space inspections. (Image source: Flyability)

Webinar

Despite advances in digital technology, many oil and gas sites across the Middle East still rely on manual entry for tank and vessel inspections, resulting in days of downtime, high scaffolding costs and risk to human life

What if you could change all that with drone technology?

Inspections drones such as the Elios 3 are revolutionising the world of confined space inspections, improving safety, reducing downtime and enhancing operational efficiency.

Join us for an exclusive live webinar hosted by Flyability in association with Oil Review Middle East on ‘Transforming oil and gas operations with the Elios 3 drone’ on Tuesday 2 September at 2pm GST. Industrial experts will explain how drones such as the Elios 3 are transforming confined space inspections, and how you can integrate this technology into your operations seamlessly.

Key highlights:

Drone integration: learn how to safety and effectively implement drones in confined space
Safety and training: understand essential safety protocols and training strategies for your team
ROI: discover how to measure and achieve a strong return on investment with drone technology
Real world use cases: hear from the engineers using drone tech in the field on the impact Elios 3 is having on in oil and gas inspections.

Speakers and host:

Fabio Fata – senior sales manager, Flyability (moderator)
Eralp Koltuk – inspection lead engineer, Tüpraş
Danijel Jovanovic – director of operations, ZainTECH

Take your operations to the next level! Don’t miss out on gaining valuable insights into how drones can make inspections safer, faster and smarter .

From making inspections in hazardous confined spaces much safer to streamlining the whole process and providing valuable real-time data, you will get to see exactly how the Elios 3 is changing the game.

Register for the free webinar here.

Steel remains one of the most carbon-intensive industries

Energy Transition

Sustainable technologies are attracting unprecedented attention across sectors, particularly as the global shift toward net zero intensifies.

From the increasing use of low-carbon hydrogen in industries like green steel to the development of alternative fuels and renewable energy solutions, companies are actively seeking viable pathways to decarbonise.

IDTechEx’s Energy & Decarbonisation and Sustainability Research Reports provide in-depth coverage of these trends, exploring cutting-edge technologies and their impact on various markets.

The steel industry’s role in emissions

Steel remains one of the most carbon-intensive industries, and demand continues to rise due to global population growth, accelerating industrialisation, the AI-driven expansion of data centres, and the rollout of renewable energy infrastructure. As a result, efforts to decarbonise steelmaking have become critical.

The traditional blast furnace route, still the dominant method for crude steel production, emits roughly 2.3 tonnes of CO₂ per tonne of steel produced. This poses significant sustainability challenges and is pushing regulators to tighten emissions controls and promote low-carbon alternatives.

Electric arc furnaces (EAFs), often used in steel recycling, offer a cleaner alternative. When powered by renewable electricity, EAFs can enable near-zero-emission steel production. This method is already in use and forms the backbone of green steel projects. When paired with direct reduced iron (DRI) technology, hydrogen can be used as a reducing agent instead of fossil fuels. IDTechEx’s report Green Steel 2025–2035 explores these technologies in detail, outlining their benefits, challenges and commercial potential.

Hydrogen as a low-emissions alternative

Green hydrogen, produced via water electrolysis using renewable energy, is emerging as a viable low-carbon energy carrier. It is particularly suited to sectors where electrification is difficult or inefficient. Companies already using hydrogen in industrial processes, such as chemical manufacturers, fertiliser producers and refineries, are expected to lead the early adoption of green hydrogen, given the relatively minor adjustments required to existing infrastructure.

Heavy industries such as steel and long-haul transportation are likely to be major consumers of green hydrogen up to 2040. Hydrogen fuel cells are gaining traction due to their faster refuelling times and longer range compared to batteries. In these cases, green hydrogen provides a sustainable energy source that aligns with decarbonisation goals.

Beyond 2040, green hydrogen is expected to play a growing role in power generation, aviation, and long-duration energy storage, though cost remains a key barrier. Progress in water electrolyser technologies will be crucial to scaling green hydrogen. Advances in component innovation and reduced dependence on critical raw materials will help drive adoption. IDTechEx’s report Materials for Green Hydrogen Production 2026–2036 covers the key technologies and suppliers supporting this evolution.

Green energy technologies rely heavily on advanced materials. Composite materials like carbon fibre offer the strength and lightweight properties needed for efficiency and durability. However, their own production processes can be energy-intensive and difficult to decarbonise.

Also read: Advanced tracer technology for CCS monitoring

 

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