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ADNOC awards contracts worth US$750mn for drilling-related services

Image Credit: ADNOC The Abu Dhabi National Oil Company (ADNOC) has awarded three contracts worth a total of US$763.7mn (AED2.8bn) for integrated rigless services across six of its artificial islands in the Upper Zakum and Satah Al Razboot (SARB) fields to support its production capacity expansion to 5mn bpd by 2030. ADNOC Offshore awarded the […]

Technology and innovation critical for the survival of oil and gas companies, says Axora

Many companies are at an advanced stage of digital implementation, according to the majority of respondents of the Axora 2021 Innovation Forecast: Oil and Gas survey report. Axora, the digital solutions marketplace for industrial innovators, has published this report into digital trends and major growth drivers in the global oil and gas industry. The report […]

Unconventional oil in the Middle East; a new frontier

After decades of traditional oil extraction, many oil companies are switching to unconventional methods to increase production from oil found in geological formations that make it more challenging to extract. Whether oil is classified as conventional or unconventional depends on the method of extraction, mainly depending on geology. While conventional oil, which is a liquid […]

Baker Hughes in big Aramco drilling site deployment

Baker Hughes, an energy technology company,said it has deployed remote operations digital technology across Saudi oil giant Aramco’s drilling operations, encompassing over 200 sites, in what is seen as the largest deployment of its kind in the company’s history. Building upon Aramco’s existing industry-leading data management infrastructure and capabilities, this project provides the company with […]

Adnoc awards $744m offshore field contract to NPCC

The Belbazem block is being developed to reach a production capacity of 45,000 bpd, with the first barrel of oil expected in 2023 Adnoc awarded a $744 million (Dh2.73 billion) contract to the UAE’s National Petroleum Construction Company to fully develop the offshore Belbazem block. Adnoc subsidiary Al Yasat, a joint venture with the China […]