AI | Egypt Oil & Gas

AI | Egypt Oil & Gas

UAE, Germany Seal Energy, AI Partnerships Enabling €5 Bn Investment

Abu Dhabi National Oil Company (ADNOC), and its international energy investment company XRG, along with UAE’s Masdar have signed a series of agreements with German companies that could enable more than €5 billion ...

SLB to Acquire Kelvion for $4.1 Bn, Enters Data Centers

SLB has agreed to acquire thermal management and heat exchange technology provider Kelvion for approximately $4.1 billion, including $3.4 billion in cash and the assumption of about $700 million in debt, as the oi ...

Aramco Signs Agreements Worth More Than $3.7 Bn With French Companies

Saudi Aramco has signed agreements and an MoU with French companies worth more than $3.7 billion, targeting supply chain resilience, drilling equipment procurement, and industrial AI and digital technology develop ...

Badawi Explores AI Adoption with SLB to Boost Oil Production

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Sherif Bayoumy, Managing Director of SLB (formerly Schlumberger) for Egypt and the Eastern Mediterranean, and Basil Abdel Wahab, SLB Vice Preside ...

Aramco, Microsoft Sign MoU to Advance Industrial AI

Saudi Aramco, the global energy leader and Microsoft, the technology innovation giant, have signed a non-binding memorandum of understanding (MoU) to explore a range of digital initiatives aimed at accelerating th ...

Badawi Honors EUG’s Mohannad Atef for Winning Best Global AI Agent Award

The Minister of Petroleum and Mineral Resources, Karim Badawi, honored Mohannad Atef, one of the Egypt Upstream Gateway (EUG) team, for receiving the Best AI Agent Award at the International Geomechanics Conferenc ...

Aramco Finalizes $11 Bn Jafurah Gas Deal, Signs AI Partnership with PIF

Saudi Aramco, one of the world’s leading integrated energy companies, announced it has completed a significant $11 billion lease and leaseback agreement for its Jafurah gas processing facilities and signed a non-b ...

TotalEnergies Accelerates AI Adoption in Upstream Activities

TotalEnergies, a major energy company, has entered a new phase of its partnership with industrial artificial intelligence (AI) specialist Cognite, signing a three-year program to deploy Cognite’s data and AI platf ...

GUPCO and Partners Tap AI to Optimize Production

The Gulf of Suez Petroleum Company (GUPCO), in collaboration with Dragon Oil, organized a workshop on the optimal use of artificial intelligence (AI) applications in developing and enhancing production from brownf ...

ADNOC Drilling Records 32% Increase in the Revenue in 2024

ADNOC Drilling announced that the full-year revenue increased significantly to a record $4.034 billion, rising by 32% year-on-year and its full-year EBITDA reached a record high of $2.01 billion, up 36% year-on-ye ...

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