ADNOC changes crude pricing to a prompt-month Dubai basis
The methodology takes effect on 1 November for Murban, Das, Umm Lulu and Upper Zakum grades.
ADNOC
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WELLFICENT / NEWSROOM
514 storiesWorld economy and business news — Page 24
Developments in the world economy, international trade, finance and energy. Source-linked reporting appears in this section.
ADNOC Drilling raises first-half revenue and profit
Oilfield services support growth, while the company reports an early deployment of its AI-enabled island rig.
ADNOC Drilling
ADNOC and SLB deploy an AI platform across more than 120 rigs
The UAE rollout connects real-time drilling operations while retaining critical data in a local sovereign cloud.
ADNOC
ADNOC approves Umm Shaif gas investment with a 14-well drilling package
The USD 6.2 billion decision targets gas production from 2030, with drilling services assigned to ADNOC Drilling.
ADNOC
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
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
Beyond the wellhead, context.
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