Baker Hughes announced a multi-year contract with Kuwait Oil Company for Ahmadi Innovation Valley on August 11, 2026. The collaboration focuses on developing and deploying technologies for upstream oil and gas operations.
The company plans a dedicated research and technology development centre in Kuwait. Digital automation will address production performance, operating costs, produced water and energy consumption. No contract value was disclosed, and the centre was described as a future commitment rather than a completed facility.
Egyptian and Cypriot energy ministers used an MOC 2026 panel to argue for infrastructure integration to increase the economic benefit of regional gas resources and strengthen supply security. The ministry announcement disclosed no new agreement, supply volume or investment commitment.
Source: Egyptian Ministry of Petroleum and Mineral Resources — MOC 2026 energy-market panel
The petroleum ministry’s closing statement records conference recommendations on exploration, investment, regional gas infrastructure and AI; they are proposals from the event, not binding policy or completed projects.
Source: Egyptian Ministry of Petroleum and Mineral Resources — MOC 2026 closing statement
The petroleum ministry said drilling at Narges-2 confirmed an extension of previously identified gas-bearing layers and a further layer, while stressing that resource evaluation and development studies remain under way.
Source: Egyptian Ministry of Petroleum and Mineral Resources — Narges-2 well results
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