The price of Brent crude oil has seen an increase of more than 5% to above US$84 a barrel, with the potential of reaching around US$110 a barrel in the coming months, according to some estimates
Oil prices rise amid production cuts and adjustments
Exploration & Production
Hess selects Halliburton well construction suite to implement digital wells
Hess Corporation has selected Halliburton Landmark’s DecisionSpace 365 Well Construction applications powered by iEnergy Hybrid Cloud to plan, design, and construct safe, cost effective, and productive wells
ADNOC Drilling and Masdar explore geothermal energy opportunities
ADNOC Drilling has signed a five-year MoU with Masdar, one of the world’s leading clean energy companies
AGR launches new software for well planning
Global energy engineering consultancy and software provider, AGR, has launched new software that gives drilling professionals unrivalled understanding of time, cost and risk when planning wells
Aramco posts record profits of US$161.1bn
Aramco has posted a record net income of US$161.1bn in its full year 2022 results, up 46.5% on the 2021 figure and representing the largest annual profit ever recorded by an oil and gas company
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