SLDC, a newly established drilling joint venture (JV), announced today the award of a significant drilling contract by SLB (Schlumberger Oilfield Eastern Limited) for operations in Kuwait’s Mutriba field.
Inflation across the OECD, as measured by the Consumer Price Index (CPI), increased to 4 per cent in March 2026 from 3.4 per cent in February. The rise was primarily driven by a sharp increase in energy inflation.
Aramco and solutions by stc are collaborating to deploy a next-generation supercomputer to enhance upstream operations. The $372.5 million system will boost seismic imaging and reservoir modelling, delivering sevenfold compute capacity, accelerating hydrocarbon discovery.
Saudi Energy Company reported Q1 2026 results with operating revenue rising 9.4 per cent, while improved efficiency boosted net profit by 89.3 per cent to SAR1.8 billion ($480 million), reflecting strong financial performance and operational gains.
According to the International Renewable Energy Agency, solar and wind paired with battery storage provide reliable, cost-effective 24/7 electricity. In prime regions, hybrid renewable systems deliver continuous power at lower costs than fossil fuels.
Expo City Dubai Foundation has awarded funding to seven global projects under its Global Innovators Programme, focused on tackling extreme heat challenges across the Global South.
Opsealog, a provider of data integration and performance management services for the marine offshore industry, has announced Tullow Ghana’s ‘MV Flat Confidence’ as the inaugural winner of its Fuel Efficiency Award.
Aramco and IBM announced their intended collaboration on opportunities to advance AI, agentic AI, automation, material science and other mutually agreed domains in the industrial sector.
EnerMech has won a major Subsea7 contract for Mexico’s Trion ultra-deepwater project, delivering pre-commissioning services including flooding, cleaning, hydrotesting and nitrogen dewatering, supported from Houston and Villahermosa operations bases.
Chapman Freeborn, part of Avia Solutions Group, completed a time-critical charter moving 90 tonnes of oilfield equipment from China to Saudi Arabia, including pumps and oversized parts up to 8 metres, using a Boeing 747 freighter.
