Al Shaheen News

 

ADNOC Partners with ExxonMobil, Occidental to Boost UAE Oil and Gas Capacity

May 16, 2025

ADNOC has signed agreements with ExxonMobil to expand the capacity of United Arab Emirates (UAE) Upper Zakum field, and with Occidental to explore increasing Shah Gas field’s capacity, as part of multiple strategic agreements that could potentially enable $60 billion of U.S. investments in UAE energy projects.The agreements include a landmark field development plan with ExxonMobil and INPEX/JODCO to expand the capacity of Abu Dhabi’s Upper Zakum offshore field through a phased development…

Qatari Output at Gas Field Shared With Iran Is Steady

Jun 17, 2025

Qatar's gas production at the South Pars field is steady and supply is proceeding normally, it said on Tuesday, after the world's largest gas field was hit by an Israeli airstrike on Saturday, prompting Iran to partially suspend its production…

ADNOC Finds Partner for Oil and Gas Well Completion Solutions

May 19, 2025

ADNOC has signed a strategic partnership agreement with Tubacex, a global leader in advanced tubular solutions, securing exclusive rights to use Tubacex’ tubular joint connection technology which is critical for completing oil and gas wells…

Indonesia Grants Approval to Kuwaiti Firm for Anambas Block in Natuna Sea

May 15, 2025

The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has secured approval for its development of the Anambas block in Indonesia, where it aims to acquire more projects, officials said on Thursday.KUFPEC will invest about $1.54 billion to…

ADNOC’s XRG Partners Up with Petronas for Offshore Gas Block in Caspian Sea

May 14, 2025

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), Petronas and the Turkmenistan State Enterprise Hazarnebit have signed a new Production Sharing Contract (PSC) with the State Concern Turkmennebit for the offshore Block I gas and condensate fields in Turkmenistan…

ADNOC Drilling Marks Profit Rise Driven by Strong Oilfield Services

May 08, 2025

ADNOC Drilling, the subsidiary of Abu Dhabi's state oil giant, reported a 24% rise in first-quarter profit on Thursday, driven by strong growth in its oilfield services segment.ADNOC Drilling's net profit rose to $341 million in the quarter ended March…

ADNOC Drilling Nets $806M for Three New Island Rigs for Zakum Offshore Field

May 05, 2025

ADNOC Drilling has been awarded a contract for three island rigs by ADNOC Offshore, valued approximately $806 million, to support expanding operations at the offshore Zakum development project.The three rigs are in addition to three ordered in July 2024…

ASRY, AtkinsRéalis Sign MoU on Offshore Wind Energy Projects

Apr 24, 2025

The Arab Shipbuilding and Repair Yard Company (ASRY) has signed a memorandum of Understanding (MoU) with AtkinsRéalis, an engineering services company with capabilities in the net zero energy sector. The signing took place earlier this April…

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

Apr 21, 2025

China's privately controlled ENN Natural Gas and state-run Zhenhua Oil have each signed a term deal to buy liquefied natural gas from Abu Dhabi National Oil Company (ADNOC).ENN Natural Gas said on its official WeChat account on Saturday that…

Saipem Renews Offshore Activities Agreement With Saudi Aramco

Apr 17, 2025

Saipem has signed a renewal for its framework agreement with Saudi Aramco. The Long-Term Agreement (LTA) now extends until the end of 2027.With the renewal of the LTA, Saipem is reconfirmed in the exclusive list of contractors selected by Saudi Aramco who are eligible to bid for work orders…

ADNOC Drilling Gets $1.63B Integrated Offshore Drilling Services Contract

Apr 17, 2025

ADNOC Drilling has secured a $1.63 billion, five-year contract for integrated drilling services (IDS) from ADNOC Offshore.The contract covers the provision of directional drilling, drilling fluids, cementing, wireline logging and tubular running services…

Kuwait Launches Merger of State Oil Firms KNPC and KIPIC

Apr 15, 2025

Kuwait has begun taking executive steps to merge two of its state-owned oil firms, news agency Kuna reported on Tuesday, as the OPEC producer seeks to restructure its energy industry.Kuwait National Petroleum Company (KNPC) plans to acquire Kuwait Integrated Petroleum Industries Company (KIPIC)…

Abu Dhabi’s Masdar Completes Acquisition of Terna Energy

Apr 10, 2025

Abu Dhabi Future Energy Company (Masdar) has completed the acquisition of 100% shares in Greece’s Terna Energy.The acquisition follows the successful completion of an all-cash mandatory tender offer (MTO) and squeeze-out process for the remaining 30% shares of the company at a price of $22…

Gulf Marine Services Lands New Jack-Up Vessel Contract

Apr 08, 2025

Gulf Marine Services (GMS), a provider of jack-up support vessels to the offshore energy industry, has secured a contract for one of its large-class vessels in the Gulf Cooperation Council (GCC) region.The new contract spans a total of 142 days…

GMS Nets Another Jack-Up Vessel Contract in Middle East

Mar 19, 2025

Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured a new contract for an additional vessel in the Middle East.The contract, awarded by a major regional client whose name was not disclosed…

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