ADNOC Drilling Company PJSC confirmed the award of a five-year framework agreement valued at up to US$1.6bn for integrated drilling fluids services (IDFS) to support the expansion of ADNOC’s lower-cost and lower-carbon intensive production capacity, as it continues to respond to growing global demand for energy
Exploration & Production
Uncertainty prevails over Turkey-Libya exploration deal
Recep Tayyip Erdoğan, the President of Turkey, has signed a memorandum of understanding with Abdul Hamid Dbeibah, Prime Minister of the Tripoli-based Government of National Unity to explore the latter’s oil and gas resources
Saudi economy booms thanks to high oil prices and non-oil sector growth
Saudi’s economy is booming according to the latest Economic Insight report, commissioned by ICAEW, for the Middle East
Eni acquires bp's Algeria business
Eni has agreed to acquire bps upstream business in Algeria, including the two gas-producing concessions In Amenas and In Salah (45.89% and 33.15% working interest respectively)
ADNOC Offshore awards US$548mn EPC contract to NPCC
Abu Dhabi National Oil Company (ADNOC) Offshore has awarded a US$548mn (AED2.01bn) EPC contract to build a new main gas line at its offshore Lower Zakum field to National Petroleum Construction Company (NPCC)