Arabian Drilling Company (ADC), a drilling subsidiary of Saudi Arabia’s Industrialization and Energy Services Company (TAQA), plans to acquire Schlumberger’s Middle East onshore drilling rigs business in Kuwait, Oman, Iraq and Pakistan.
Iraq’s crude oil exports from its southern ports has reached 3.33 million barrels per day (b/d) during April.
The oil market is balanced, and current oil prices are fair, according to Talal Al-Sabah, Kuwait’s Acting Deputy Oil Minister.
Saudi Arabia and Nigeria plan to draft an agreement for an oil and gas partnership.
Petrofac was awarded two deals for providing Health, Safety, and Environment (HSE) and technical training solutions, as well as a contract extension for assessment services.
Eni and Sonatrach signed a memorandum of understanding (MoU) to renew the gas supply contract.
Honeywell inaugurated its new Honeywell Masdar Innovation Center in Abu Dhabi as a step towards boosting digitalization.
The Gulf members of the Organization of the Petroleum Exporting Countries (OPEC) plan to meet the oil market demand in case of a supply shortage.
The Abu Dhabi National Oil Company (ADNOC) has inked a long-term sales agreement with the Indian Oil Corporation (IndianOil) for its high-quality base oil (ADbase).
Oil production from Iraq’s West Qurna 2 oil field reached 400,000 barrels per day (b/d).
