Al Shaheen News

 

Gulf Marine Services Nets Two Jack-Up Contracts Extension

Mar 13, 2025

Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured three-year contract extensions with a major National Oil Company (NOC) in the Middle East for two of its vessels.These extensions, secured at enhanced rates…

Libya Plans First Oil Exploration Bidding Round in Almost 20 Years

Mar 04, 2025

Libya plans its first bidding round for oil exploration in more than 17 years, Masoud Suleman, acting Chairman of the National Oil Corporation (NOC), announced in a televised address on Monday.Libya is Africa's second-largest oil producer and…

ADNOC Signs 15-Year LNG Supply Deal with Osaka Gas for Ruwais Project

Feb 27, 2025

Abu Dhabi National Oil Company (ADNOC) has signed a Sales and Purchase Agreement (SPA) with Osaka Gas, one of Japan’s largest utility companies, for the supply of up to 0.8 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from its lower-carbon Ruwais LNG project…

EnerMech Nets Long-Term Job at Qatar’s Largest Offshore Oil Field

Feb 19, 2025

Energy industry services firm EnerMech has secured a five-year contract extension to provide North Oil Company (NOC) with leak testing and flange management services at Al Shaheen oil field, offshore Qatar.The contract extension for the Al Shaheen Oil Field for NOC…

ARO Drilling and IMI Shake Hands for First Saudi-Built Jack-Up Drilling Rig

Feb 13, 2025

ARO Drilling, a joint venture between Aramco and Valaris, and International Maritime Industries (IMI) have signed an agreement to build a new jack-up drilling rig, Kingdom 3, which will be the first to be constructed in the Kingdom of Saudi Arabia…

Kuwait Strikes Oil and Gas at Al-Jlaiaa Offshore Field

Jan 22, 2025

Kuwait Oil Company (KOC) has made a discovery of hydrocarbon resources with large commercial quantities at the Al-Jlaiaa offshore field, estimated at 800 million of medium-density oil barrels and 600 billion standard cubic feet of associated gas…

GMS Brings Backlog to $483M with Latest Jack-Up Contract Extension

Jan 21, 2025

Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured a contract extension for one of its large-class vessels operating in the Persian Gulf region.The latest extension to an existing contract is for 171 days…

Sable Offshore give Update on the Haaland Lawsuit

Jan 03, 2025

Sable Offshore Corp. provided an update on the previously disclosed Center for Biological Diversity et al. v. Debra Haaland et al. lawsuit. On December 20, 2024, the U.S. Department of Justice (in its capacity as counsel for the U.S. Bureau of Safety and Environmental Enforcement…

ADNOC Drilling Welcomes Two New Rigs to Its Fleet

Dec 27, 2024

Al Jurf and Dana jack-up rigs (Credit: ADNOC Drilling)Abu Dhabi’s offshore drilling contractor ADNOC Drilling has boosted its offshore drilling rig feet with the arrival of two new high-specification jack-up rigs.The new jack-up rigs, Al Jurf and Dana…

BP and ADNOC’s XRG Launch JV Focused on Egypt’s Gas Assets

Dec 16, 2024

BP and XRG, ADNOC’s international energy investment company, have established new regional gas platform, Arcius Energy, to initially focus on development of gas assets in Egypt.Announced in February 2024, Arcius Energy is 51% owned by BP and 49% by XRG…

QatarEnergy Takes Share of Chevron-Operated Block Offshore Namibia

Dec 16, 2024

QatarEnergy has entered into an agreement with Harmattan Energy Limited (HEL), an indirect subsidiary of Chevron, to acquire a working interest in an oil and gas block offshore Namibia.Pursuant to the agreement, QatarEnergy will acquire a 27…

Saudi Aramco Engages Subsea7 for Pipeline Replacement at Abu Safah Field

Dec 12, 2024

Saudi state-owned oil giant Aramco has hired Subsea7 for the replacement of pipeline at its Abu Safa field, offshore Saudi Arabia, under contract worth up to $300 million.The contract scope includes the decommissioning of existing subsea facilities as well as engineering…

Kuwaiti Oil and Gas Firm Exploring More Opportunities in Indonesia's Natuna Sea

Dec 10, 2024

Kuwait Foreign Petroleum Exploration Company (KUFPEC) is looking at more oil and gas opportunities in Indonesia's Natuna Sea, its country representative said on Monday, with Indonesian President Prabowo Subianto looking to boost the country's production…

Oil Rises as Syria's Assad Departs, China eases Monetary Policy

Dec 09, 2024

Oil prices rose by nearly 2% on Monday on increased geopolitical risk after the fall of Syrian President Bashar al-Assad, and as top importer China flagged its first move towards a loosened monetary policy stance since 2010.Brent crude futures were up $1…

Deal in Place for Construction of Saudi Aramco’s CCS Hub in Jubail

Dec 05, 2024

Saudi oil and gas giant Aramco has signed a shareholders’ agreement with Linde and SLB paving the way for development of a Carbon Capture and Storage (CCS) hub in Jubail that is expected to become one of the largest globally.Under the terms…

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