Leading Norwegian technology company Kongsberg has secured a contract to protect critical infrastructure for an international company. The essential systems include oil and gas installations, telecommunication cables, energy grids, ports and transportation networks.
Wood has secured a five-year Long-Term Agreement with Aramco, extendable by three years, to provide engineering, design and project management services for oil, gas, refining, petrochemical and lower-carbon hydrogen projects in Saudi Arabia.
For ADNOC’s portfolio of listed companies, the UAE’s decision to conclude its membership of OPEC and OPEC+ removes a constraint that has historically limited how investment in capacity translates into activity and earnings, said a WAM news agency report.
Aramco reported strong earnings in third quarter, underpinned by operating momentum as major projects progress. The energy major's adjusted net income for the quarter stood at $28 billion (Q3 2024: $27.7 billion).
AVEVA, a global leader in industrial software, driving digital transformation and sustainability, will showcase CONNECT, its industrial intelligence platform powered by AI at ADIPEC 2025 to be held in Abu Dhabi from November 3 to 6.
Kuwait Oil Company (KOC) has awarded a series of contracts worth KD208 million ($676.8 million) to major global firms including Western Atlas and Halliburton for the provision of logging and perforation services as part of its ongoing efforts to boost upstream oil and gas operations.
Merit, a global engagement and incentives technology company headquartered in Riyadh, has announced the acquisition of Synchro Marketing, an Australian market leader in sales incentive programmes for the automotive and oil & gas sectors.
The Middle East is on track to attracting more than $100 billion annually in strategic capital expenditure by 2026, spread across oil and gas, renewable energy, healthcare, digital infrastructure and manufacturing, said a report. The Middle East’s oil and gas sector remains a market anchor.
