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
Aramco posts record profits of US$161.1bn
Exploration & Production
Middle East leads offshore growth
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 acquires CEPSA's upstream assets in the UAE
TotalEnergies has signed an agreement with CEPSA to acquire its upstream assets in the UAE
ADNOC Drilling purchases hybrid power land drilling rigs
ADNOC Drilling has signed an agreement to purchase 10 newbuild hybrid power land drilling rigs for a total of US$252mn
Crescent Petroleum to develop three oil and gas fields in Iraq
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
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