Silverwell, a developer of advanced intelligent completion technologies, has been awarded a multi-million-dollar, multi-well contract with a leading Middle East operator for the deployment of its Digital Intelligent Artificial Lift (DIAL) technology.
Oil extended gains for a fourth day in Asia trade, with Brent and WTI near three-week highs. Brent crude edged up 26 cents to around $91.28 a barrel, while US WTI crude rose 37 cents to around $85.31.
More than 1,500 global energy companies have confirmed participation in the 50th edition of Middle East Energy in Dubai this September.
Iran appears to be losing significant control over the Strait of Hormuz as commercial vessels increasingly use an Omani shipping route despite Tehran’s warnings, while US President Donald Trump has ruled out any current or planned negotiations with Iran, adding to uncertainty over the strategic waterway and pushing oil prices higher.
SABIC Agri-Nutrients Company (formerly Saudi Arabian Fertilizer Company - Safco) has announced that it has signed an agreement to explore potential collaboration opportunities with Maaden Integrated Fertilizer Company (MIFC), a key unit of Saudi mining giant Maaden.
Saudi-based Arabian Drilling has announced that it has signed a contract with a new client in the GCC, thus marking its entry into a new Gulf market. The deal follows the early completion of its first international offshore drilling contract and the redeployment of the jack-up rig to another GCC country.
Gain.Energy, a US-based energy tech company has announced the launch of Upstrima, a specialised AI platform built for the oil and gas sector. It brings together AI agents, intelligent data processing and engineering expertise to automate complex technical tasks while augmenting the capabilities of experts.
Aramco, one of the world’s leading integrated energy and chemicals companies, and Maaden, one of the world’s fastest‑growing mining companies, on Tuesday announced the signing of a shareholders’ agreement to form a joint venture (JV) to unlock new opportunities in mineral exploration and hard-rock mining in Saudi Arabia.
ExxonMobil Moçambique, Limitada, on behalf of the Area 4 co-venturers, has awarded approximately $1.1 billion in pre-investment contracts for critical long-lead upstream equipment supporting the Rovuma LNG Phase 1 development in Cabo Delgado.
Canada has unveiled a nearly $70 billion clean energy investment centred on hydropower expansion in Newfoundland and Labrador and Québec, in a move that could strengthen the country's position as a major supplier of clean electricity and critical minerals to international markets.
