AI | Egypt Oil & Gas
AIQ Expands into Indian Oil and Gas Market with New Technology Deal
UAE-based energy technology company AIQ, a joint venture (JV) between Abu Dhabi National Oil Company (ADNOC) and AI technology company Presight, has signed an agreement to enter India’s oil and gas sector, marking ano...
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 the 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 oilfie...
Aramco Signs Agreements Worth More Than $3.7 Bn With French Companies
Saudi Aramco, Saudi Arabia’s state-owned energy giant, has signed agreements and a memorandum of understanding (MoU) with French companies with a potential combined value exceeding $3.7 billion, as part of efforts to ...
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 President o...
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 the d...
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, a member of the Egypt Upstream Gateway (EUG) team, for receiving the Best AI Agent Award at the International Geomechanics Conferen...
Aramco Finalizes $11 Bn Jafurah Gas Deal, Signs AI Partnership with PIF
Saudi Aramco, one of the world’s leading integrated energy companies, has completed a $11 billion lease and leaseback agreement for its Jafurah gas processing facilities. It also agreed on buying a minority stake in a...
