Exploration & Production
Aramco ramps up capital expenditure to boost production
Aramco has announced that it is ramping up capital expenditure in 2022 to US$40-50bn, compared with US$31.9bn in 2021, to boost production in response to increased global demand
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ADNOC awards framework agreements worth US$658mn
Abu Dhabi National Oil Company (ADNOC) has announced the award of framework agreements valued at US$658mn (AED 2.4bn) for cementing services
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Saudi plans to price oil sales with Chinese yuan over US dollars
Saudi and Chinese officials are in talks to price some of the Gulf nation's oil sales in yuan rather than dollars, according to reports
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Majors exit Russia investments
Shell has joined bp and Equinor in announcing its exit from its Russia joint ventures, with more companies expected to follow suit following Russia’s invasion of Ukraine
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New collaboration for well planning and drilling service
GGA and Geologix have announced a collaborative offering, providing a simple, linked service for planning of wells, their drilling and monitoring and their subsequent archiving
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