Offshore Middle East News


OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

May 30, 2025

Austrian oil and gas firm OMV has signed an agreement with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest its stake in a sour gas development offshore the United Arab Emirates (UAE).OMV has agreed the sale of 5% stake in the…

Aramco, ADES Ink 10-Year Contract Renewal for Previously Suspended Jack-Up Rig

May 19, 2025

Saudi oil and gas drilling contractor ADES Holding has signed a contract renewal with Aramco for one of its previously suspended offshore jack-up.The unit was among the suspended rigs that were previously operating in the Kingdom of Saudi Arabia…

ADNOC Finds Partner for Oil and Gas Well Completion Solutions

May 19, 2025

ADNOC has signed a strategic partnership agreement with Tubacex, a global leader in advanced tubular solutions, securing exclusive rights to use Tubacex’ tubular joint connection technology which is critical for completing oil and gas wells…

ADNOC Partners with ExxonMobil, Occidental to Boost UAE Oil and Gas Capacity

May 16, 2025

ADNOC has signed agreements with ExxonMobil to expand the capacity of United Arab Emirates (UAE) Upper Zakum field, and with Occidental to explore increasing Shah Gas field’s capacity, as part of multiple strategic agreements that could potentially enable $60 billion of U…

Aramco Inks Multiple Deals with US Firms Worth $90B

May 15, 2025

Aramco, one of the world’s leading integrated energy and chemicals companies, has signed 34 memoranda of understanding (MoUs) and agreements, with a potential total value of approximately $90 billion, with major U.S. companies.The MoUs and agreements…

ARO Drilling Inks Contract Extensions with Aramco for Five Jack-Up Rigs

May 13, 2025

Saudi Arabian state-owned oil giant Aramco has signed contract extension with ARO Drilling, its 50-50 joint venture with Valaris, for five jack-up drilling rigs.The contract, deemed as significant by ARO Drilling, marks a key milestone in the…

Aramco Sees Profit Drop in First Quarter 2025

May 12, 2025

Saudi oil giant Aramco, a longtime cash cow for the kingdom, reported a 4.6% drop in first-quarter profit on Sunday due to lower sales and higher operating costs as economic uncertainty hit crude markets.The world's top oil exporter reported net profit of 97…

ADNOC Drilling Marks Profit Rise Driven by Strong Oilfield Services

May 08, 2025

ADNOC Drilling, the subsidiary of Abu Dhabi's state oil giant, reported a 24% rise in first-quarter profit on Thursday, driven by strong growth in its oilfield services segment.ADNOC Drilling's net profit rose to $341 million in the quarter ended March…

ADNOC Drilling Nets $806M for Three New Island Rigs for Zakum Offshore Field

May 05, 2025

ADNOC Drilling has been awarded a contract for three island rigs by ADNOC Offshore, valued approximately $806 million, to support expanding operations at the offshore Zakum development project.The three rigs are in addition to three ordered in July 2024…

TotalEnergies, OQEP Start Construction of Marsa LNG Plant in Oman

May 01, 2025

French energy giant TotalEnergies and OQ Exploration and Production (OQEP), Oman's national oil company, have held the ground breaking ceremony for the Marsa LNG plant, marking the start of construction of the Marsa LNG plant in the port of Sohar…

Technip Energies to Work on Qatar’s Largest Offshore Gas Field

Apr 29, 2025

Technip Energies has secured a detailed engineering design contract by India’s EPC contractor Larsen & Toubro (L&T) for the expansion of QatarEnergy LNG’s North Field, one of the largest natural gas fields the world.Under the contract, Technip Energies…

Vantage Drilling Lines Up $80M Job for Platinum Explorer Drillship

Apr 23, 2025

Offshore drilling contractor Vantage Drilling has received a conditional letter of award (CLOA) for the Platinum Explorer ultra-deepwater drillship, valued at approximately $80 million.The CLOA, with an undisclosed client and 90-day validity period…

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

Apr 21, 2025

China's privately controlled ENN Natural Gas and state-run Zhenhua Oil have each signed a term deal to buy liquefied natural gas from Abu Dhabi National Oil Company (ADNOC).ENN Natural Gas said on its official WeChat account on Saturday that…

ADNOC Drilling Gets $1.63B Integrated Offshore Drilling Services Contract

Apr 17, 2025

ADNOC Drilling has secured a $1.63 billion, five-year contract for integrated drilling services (IDS) from ADNOC Offshore.The contract covers the provision of directional drilling, drilling fluids, cementing, wireline logging and tubular running services…

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