TotalEnergies has signed an agreement with CEPSA to acquire its upstream assets in the UAE
Exploration & Production
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
QatarEnergy acquires interest in two exploration blocks offshore Lebanon
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
IMI Saudi Industry’s New Facility Secures First Framework Agreement
IMI Saudi Industry LLC’s (IMI Saudi Industry) Damman facility has signed its first Corporate Procurement Agreement (CPA), with Saudi Aramco