As COP30 kicks off its second week in Brazil, much has changed since the landmark Paris climate agreement was penned 10 years ago.The spirit of cooperation that once reigned has been shattered by economic rivalries and a stark divergence in climate policies among the world’s biggest polluters…
Noatum Maritime, Siemens Energy and Green Parrot Tech (GPT) have signed a partnership agreement to explore collaboration in the offshore renewable energy sector.Noatum Maritime, an AD Ports Group company, Siemens Energy and GPT plan to combine…
ADNOC Logistics & Services has unveiled the UAE’s first remotely operated offshore landing craft vessel, a 60-metre unmanned platform designed to improve safety, efficiency and emissions performance across offshore operations.Developed with SeaOwl and launched during Abu Dhabi Autonomous Week 2025…
Arcius Energy, a joint venture between ADNOC’s XRG and BP, has secured full production and exploration rights for the Burj offshore concession in the Mediterranean, which includes Harmattan gas field offshore Egypt.The agreement was signed during…
The Middle East continues to stand out as one of the most active regions for offshore support vessel activity, underpinned by the strategic expansion plans of national oil companies (NOCs) to boost offshore oil and gas production. A series of…
THREE60 Energy, a leader in the global energy services sector, has announced a step in its Middle East growth strategy with the acquisition of Total Vision (TV), a multidisciplinary engineering and project management services provider in Abu Dhabi…
Kuwait Oil Company (KOC) plans to spend 1.2 billion dinars ($3.92 billion) on its exploration drilling program through 2030, its senior executive told Reuters in an interview.The spending is part of a 9.8-billion-dinar budget - the company's…
QatarEnergy has signed a 17-year sales and purchase agreement (SPA) with Gujarat State Petroleum Corporation (GSPC) for the supply of up to 1 million tons per annum (MTPA) of liquefied natural gas (LNG) to the Republic of India.Pursuant to the terms of the SPA…
Offshore drilling contractor Valaris has secured a series of new contracts and extensions worth about $190 million in the North Sea and Middle East regions, lifting its total contract backlog to $4.5 billion.The latest awards include a mix of…
ADES is the largest jackup drilling contractor globally, with 44 rigs owned, and four under its management, and a fleet valued at $1.98 - $2.2 billion. Shelf Drilling, also among the TOP 5 jackup drilling contractors, has a modern 32-rig competitive fleet valued at $1…
Malaysia’s state energy firm Petronas has signed a memorandum of understanding (MoU) with Oman’s OQ Exploration and Production New Ventures (OQEP) to jointly explore oil and gas opportunities across the Middle East and Southeast Asia.The agreement…
Malaysian oil-services company Vantris Energy, formerly Sapura Energy, has through its joint venture company Rawabi Sapura (Rawabi JV) secured a seven-year contract to provide diving support services for Aramco in Saudi Arabia, starting from 2027…
Offshore drilling contractor Vantage Drilling has announced the termination of the contract for its ultra-deepwater drillship Platinum Explorer.The termination, with immediate effect, is for the 260-day campaign the Platinum Explorer drillship was hired earlier in 2025…
Kuwait Oil Company said on Monday it made its third offshore discovery with production capacity of more than 29 million cubic feet per day of natural gas, in a boost to the power-squeezed, desert nation's efforts to ramp up output.The Jazza field…
The shareholders of Dubai-based Shelf Drilling have approved the proposed cash merger with offshore oil contractor ADES International Holding, following the revised offer the Saudi Arabian firm.An extraordinary general meeting was held on October 6…