Arabian Drilling reports first-half loss as offshore activity weighs on revenue
Land drilling partly offsets offshore weakness; the contractor reports 43 active rigs at the end of June.
Arabian Drilling
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Business, economics, finance, fiscal policy and energy from Türkiye and the world. Primary sources, clear dates and multilingual reporting.
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Arabian Drilling wins four-rig offshore contract from KJO
A four-year award worth approximately SAR 2 billion lifts the contractor’s reported backlog to SAR 18 billion.
Arabian Drilling
Arabian Drilling secures offshore work with a new GCC client
The contractor expects a jack-up redeployment to another Gulf country before the end of the third quarter.
Arabian Drilling
Arabian Drilling receives restart notices for remaining suspended offshore rigs
The contractor targets full offshore utilization by the end of the third quarter; the notice is not proof of completed restarts.
Arabian Drilling
Dana Gas reports higher first-half profit with a one-off reconciliation
Egypt drilling supports production while security disruption constrains Kurdistan processing utilization.
Dana Gas
DNO reports record revenue while restarting Kurdistan production and drilling
The second-quarter update distinguishes group financial performance from recovery at Tawke and Peshkabir.
DNO
Egypt and AIQ discuss well-data analytics and pump-failure prediction
The talks include a proposed AIQ Egypt platform; no completed national rollout or signed drilling contract is announced.
Egypt Ministry of Petroleum and Mineral Resources
Egypt restarts Baraka drilling and workovers after a multi-year halt
Mediterra’s investment program targets seven interventions and two new wells in the Aswan area.
Egypt Ministry of Petroleum and Mineral Resources
Egypt reviews BP’s USD 700 million four-well program
Fayoum-4 is reported on stream, while the rig moves toward exploration and deepwater targets.
Egypt Ministry of Petroleum and Mineral Resources
EGAS reports 28 connected wells and outlines its next exploration program
Egypt’s gas company separates FY2025/26 delivery from a planned 16-well campaign.
Egypt Ministry of Petroleum and Mineral Resources
Shell completes ARC Resources acquisition in Canada
The completed transaction adds approximately 370,000 barrels of oil equivalent per day across liquids and gas, according to Shell.
Shell — ARC Resources acquisition completion
Shell completes sale of Na Kika interest and Coulomb tieback
Shell reports approximately $840 million in closing cash proceeds; BP remains the Na Kika operator in the announcement.
Shell — Na Kika and Coulomb sale completion
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