Exploration & Production

ADNOC confirms multi-billion dollar agreement on integrated drilling fluids services

AdobeStock 181961238ADNOC Drilling Company PJSC confirmed the award of a five-year framework agreement valued at up to US$1.6bn for integrated drilling fluids services (IDFS) to support the expansion of ADNOC’s lower-cost and lower-carbon intensive production capacity, as it continues to respond to growing global demand for energy

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Uncertainty prevails over Turkey-Libya exploration deal

Turkey Libya Exploration Deal

Recep Tayyip Erdoğan, the President of Turkey, has signed a memorandum of understanding with Abdul Hamid Dbeibah, Prime Minister of the Tripoli-based Government of National Unity to explore the latter’s oil and gas resources

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Saudi economy booms thanks to high oil prices and non-oil sector growth

Scott Livermore ICAEWjpegSaudi’s economy is booming according to the latest Economic Insight report, commissioned by ICAEW, for the Middle East

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Eni acquires bp's Algeria business

Onshore oil jack reduced AdobeStock 181961238Eni has agreed to acquire bp's upstream business in Algeria, including the two gas-producing concessions 'In Amenas' and 'In Salah' (45.89% and 33.15% working interest respectively)

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ADNOC Offshore awards US$548mn EPC contract to NPCC

Lower Zakum Field Abu Dhabi reducedAbu Dhabi National Oil Company (ADNOC) Offshore has awarded a US$548mn (AED2.01bn) EPC contract to build a new main gas line at its offshore Lower Zakum field to National Petroleum Construction Company (NPCC)

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