Geo-data specialist Fugro has completed the Middle East’s first remotely operated subsea inspection using a low-carbon emission uncrewed surface vessel (USV)
Low-carbon emission USV completes remote subsea inspection
Exploration & Production
TWMA awarded US$15mn contract for bp's Egyptian oil & gas project
TWMA has been awarded a contract worth up to US$15mn to support a large-scale oil and gas project for bp in Egypt
Arabian Drilling Company scoops Aramco land rig contracts
Arabian Drilling Company, a major national onshore and offshore drilling contractor in Saudi Arabia, has won a number of five-year contracts from Aramco for 10 additional land rigs, amounting to more than SR3bn (US$799,680,000)
Exploration spending on the up but discoveries disappointing: Rystad Energy
Spending on conventional oil and gas exploration is rebounding and expected to exceed US$50bn this year, the highest since 2019, according to new research from Rystad Energy
Saudi Arabia top onshore market globally for well intervention: Rystad Energy
Spending on well interventions is projected to jump by almost 20% this year to US$58bn according to research from Rystad Energy, with Saudi Arabia being the top onshore market from 2023-2028
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