PTT Exploration and Production (PTTEP), Thailand’s national energy company, is gearing towards the development of future energy together with five world-renowned companies in a large-scale green hydrogen project in the Sultanate of Oman
Exploration & Production
Saipem secures lucrative offshore drilling contracts in Middle East and Mediterranean Sea
Saipem has announced that it has received two new offshore drilling contracts worth around US$550mn
ADNOC Drilling expands offshore operations with US$2bn contracts
ADNOC Drilling confirmed the award of five 10-year contracts, totalling approximately US$2bn, in support of ADNOC Offshore’s growing drilling operations
Iraq invites bids for 11 gas blocks
Iraq’s Oil Ministry is launching the sixth bid round, offering 11 gas blocks
Rig utilisation on the up: Wood Mackenzie
Rig utilisation has returned to pre-COVID levels, driving rates up 40% in the past year as demand is forecast to increase another 20% from 2024-2025, according to a recent report from Wood Mackenzie