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
Exploration & Production
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
Oil prices rise amid production cuts and adjustments
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
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