The offshore oil and gas sector is set for the highest growth in a decade in the next two years, one of the main global drivers being the sizable expansion of offshore activities in the Middle East, according to Rystad Energy research
TotalEnergies has signed an agreement with CEPSA to acquire its upstream assets in the UAE
ADNOC Drilling has signed an agreement to purchase 10 newbuild hybrid power land drilling rigs for a total of US$252mn
Sharjah-based Crescent Petroleum has signed three 20-year agreements with Iraq’s Ministry of Oil to develop three oil and gas fields in Iraq
QatarEnergy has entered into agreements with the Government of Lebanon, TotalEnergies and Eni to become a partner in two exploration blocks offshore the Republic of Lebanon, marking its first exploration venture in Lebanon
