Abu Dhabi National Oil Company, along with investment group Carlyle, has made a takeover offer exceeding $36 billion for the Australian oil and gas company Santos. This significant bid has received support from the Santos board, but there remains uncertainty about whether the deal will ultimately be finalized. The proposed acquisition highlights the growing interest...
The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2025 is scheduled to take place in Abu Dhabi, showcasing the latest advancements in the oil and gas sector. This annual event is held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, emphasizing the nation’s commitment to leading...
GOTECH 2025, a conference in the oil and gas sector, is set to take place in Dubai from April 21 to 23. The event will focus on the theme “Towards a Digital and Sustainable Future of Energy,” bringing together global leaders, innovators, and experts to discuss the emerging trends and challenges in the energy landscape....
Eni, the Italian energy company, is investing $360 million to drill two new gas wells in Egypt’s Zohr field. Currently, Eni is utilizing the Zohr-Saipem 10 000 rig to drill slant wells 9 and 13, which represent part of the overall investment totaling $160 million. This ongoing drilling activity is projected to increase the output...
The Kingdom of Bahrain is set to host the Middle East Oil, Gas and Petroleum Geosciences Show (MEOS GEO 2025) from September 16 to 18, 2025, at the Exhibition World Bahrain. This significant event is organized by Informa Markets, which is a global leader in exhibitions, and is supported by the Bahrain Ministry of Oil...
Terra Drone Corporation has signed a Memorandum of Understanding (MOU) with Saudi Aramco, a leading integrated energy and chemicals company, to foster innovation in drone technology and robotics tailored specifically for the oil and gas industry. This strategic partnership aims to enhance safety and operational efficiency while supporting localization efforts within the sector. The MOU...
The Arab Investment and Export Credit Guarantee Corporation has reported that the Arab region’s GDP grew by 1.8% last year, reaching over $3.5 trillion. This growth comes despite ongoing wars and conflicts in the region, particularly the recent violent conflict in Gaza and other neighboring countries. While some economic indicators reflect positive progress, rising unemployment...
Samsung E&A, a leading South Korean engineering and construction company, has won a major contract worth $1.69 billion to build a methanol plant in the United Arab Emirates (UAE). The deal was officially announced on Monday. The project, commissioned by the Abu Dhabi National Oil Company (ADNOC), will focus on designing, procuring materials, and constructing...