The price of Brent crude oil has seen an increase of more than 5% to above US$84 a barrel, with the potential of reaching around US$110 a barrel in the coming months, according to some estimates
Oil prices rise amid production cuts and adjustments
Exploration & Production
Hess selects Halliburton well construction suite to implement digital wells
Hess Corporation has selected Halliburton Landmark’s DecisionSpace 365 Well Construction applications powered by iEnergy Hybrid Cloud to plan, design, and construct safe, cost effective, and productive wells
ADNOC Drilling and Masdar explore geothermal energy opportunities
ADNOC Drilling has signed a five-year MoU with Masdar, one of the world’s leading clean energy companies
AGR launches new software for well planning
Global energy engineering consultancy and software provider, AGR, has launched new software that gives drilling professionals unrivalled understanding of time, cost and risk when planning wells
Aramco posts record profits of US$161.1bn
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
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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)
