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