Kuwait Oil Company (KOC) said it has awarded 129 contracts worth about KD2.2 billion ($7.2 billion) during the first half of 2026 as it stepped up investments to expand oil production capacity, strengthen drilling and exploration activities as well as modernise oilfield infrastructure.
Leading Chinese group Jereh New Energy Regeneration and Recycling Tech (Jereh NER) has secured an oil-based drilling cuttings treatment service contract from Kuwait Oil Company. Once completed, each unit will be able to process 12 tonnes per hour, backing continuous large-scale KOC operations.
Dana Gas reported strong Egypt drilling results and confirmed full settlement of overdue receivables, receiving AED 79 million ($21.5 million) and noting continued timely payments from the Egyptian Government.
Saudi mining company Almasane Alkobra Mining Company (AMAK) said it has completed the incorporation of a wholly owned drilling and exploration services subsidiary, marking a further step in expanding its mining support capabilities.
SLB has launched AlphaSight, a new reservoir mapping and drilling intelligence technology that improves visibility and control in complex drilling environments, setting a benchmark and helping maximise production potential.
Weatherford International, a leading oilfield service company, secured significant orders in 2025 across GCC from heavyweights including Oman PDO, Oxy, Kuwait Oil Company and Bahrain Petroleum (Bapco) for well services, gas-lift as well as directional drilling and MPD services.
ADNOC Drilling Company today announced record fourth quarter (Q4) and full year (FY) 2025 results, marking a step change in scale, technology-enabled performance and excellence in execution. The company's revenue totalled $4.9 billion, up 22% year-on-year (YoY); EBITDA was $2.2 billion, an increase of 9% YoY; and net profit hit $1.45 billion, a growth of 11% YoY.
Action Energy Company (AEC), a leading Kuwaiti onshore drilling and oilfield services provider, has begun trading on Boursa Kuwait’s Premier Market following the completion of its private placement. It raised KD55.1 million ($180 million) from local and international investors.
Eni North Africa, the Italian energy company, has resumed its exploration activities in the offshore area northwest of Libya, specifically in Block 16/4, after a hiatus of more than five years.
Adnoc Drilling Company has reported financial results for the third quarter (3Q) and the first nine months of 2025. The highlights of the 9 months 2025 performance showcase significant growth, with revenue hitting $3.63 billion, reflecting a 27 per cent increase year-on-year.
