Aramco has reported a 19% drop in Q1 profits compared to the Q1 2022 total as a result of lower oil prices, but has recorded growth in capital expenditure
Aramco reports drop in Q1 profits but ups capital expediture
Exploration & Production
Sparrows Group wins work in Kuwait for first time
Sparrows Group (Sparrows), the engineering and maintenance services specialist for the global energy and industrial sectors, has been awarded work in Kuwait for the first time
ADNOC Drilling secures US$412mn Integrated Drilling Services contract
ADNOC Drilling confirmed the award of a five-year contract for the provision of Integrated Drilling Services (IDS), totalling US$412mn from ADNOC Offshore commencing in the second quarter of 2023
DNV and EGPC sign MoU to support Egypt Vision 2030 plan
DNV, the independent energy expert and assurance provider, strengthened its commitment to tackling climate change through a Memorandum of Understanding (MoU) with the Egyptian General Petroleum Corporation (EGPC) to support their effort to set science-based targets for their net zero goals
QatarEnergy grows offshore exploration portfolio with Mauritania acquisition
QatarEnergy has entered into an agreement with Shell to acquire a 40% working interest in the C-10 block located offshore Mauritania
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SmartMaster can be used with a range of ABB and third-party instruments. (Image source: ABB)
Oman LNG signed various agreements with Shell Gas to secure its gas supply until 2034. (Image source: Adobe Stock)
Michael Monica, director sales, marketing and customer care at GPT Industries signs the agreement with Mohamed Altaf, sale manager, Abdulla Fouad Energy Services. (Image source: Alain Charles Publishing)
Amin H. Nasser, CEO of Aramco. (Image source: Aramco)
ARO Drilling and IMI announce first Kingdom jack up rig (Image source: ARO)
Global Drilling Rig Demand by Region, 2023 vs 2027. Source: Westwood Global Land Rigs
Saudi Arabia's Energy Minister has announced that OPEC+ production cuts can be extended past the first quarter of 2024 if needed. (Image source: Adobe Stock)
The partnership aims to advance science-backed decision-making in the upstream energy industry. (Image source: Adobe Stock)
The technology ensures deeper penetration into the reservoir with low fluid volumes, allowing for improved stimulation. (Image source: Adobe Stock)
Fouling leads to increased energy consumption and CO2 emissions. (Image source: Adobe Stock)
The Uni-Mini and Uni-Max USVs. (Image source: Unique Group)
Fugro and SEA-KIT have collaborated closely to push the boundaries of USV technology. (Image source: Fugro)
The scope of work comprises engineering, procurement, construction and installation of a new large offshore platform and brownfield work of integration with existing facilities. (Image source: Adobe Stock)
Emmanuel Guilhamon with the Taurob inspection robot. (Image source: Alain Charles Publishing)
The discovery will bolster Shell’s exploration campaign. (Image source: Adobe Stock)
The new range has been launched in response to the demand for compact and lightweight lifeboats. (Image source: VIKING)
Production quotas for next year are set to be confirmed at the OPEC+ meeting on 26 November. (Image source: Adobe Stock)
SmartMaster can be used with a range of ABB and third-party instruments. (Image source: ABB)
The new discoveries will bolster Aramco’s strategy to increase gas production by more than half over 2021 levels, through 2030. (Image source: Adobe Stock)
The design features a balanced poppet construction that permits high flows at minimum power levels. (Image source: Emerson)
Aramco has produced the first unconventional tight gas from its South Ghawar operational area ahead of schedule. (Image source: Adobe Stock)
The investment will allow Alkhorayef Petroleum to strengthen its position as a leading oilfield services company. (Image source: Adobe Stock)
PythonPipe offers up to 60% reduction in installation time and at one-fifth the cost of comparative steel installation. (Image source: Baker Hughes)
ARO Drilling and IMI announce first Kingdom jack up rig (Image source: ARO)
Operations and Maintenance (O&M) represented 59% of the total contracts in Q3 2023. (Image source: GlobalData)
