Offshore Middle East News

ADNOC Cuts Short Two Shelf Drilling Rig Contracts

Jan 18, 2021

UAE-based firm ADNOC Drilling has decided on the early termination of two jack-up rig contracts with drilling contractor Shelf Drilling.Shelf Drilling, a company with one of the largest jack-up rig fleets in the world, said Monday that the customer…

Lamprell to Split Three Ways. Puts Greater Focus on Renewables, Digital

Jan 15, 2021

Lamprell, a company traditionally known as oil and gas rig builder, has this week announced a reorganization of its business aimed at increasing focus on renewables and the energy transition. Based in the UAE, the company has in recent years increased its uptake of renewables sector orders…

Israel and Four Arab States Discuss Energy Sector

Jan 15, 2021

Israel's energy minister held a video conference call with his counterparts in the United Arab Emirates, Morocco, Sudan, and Bahrain for the first time on Thursday, according to a statement from his office.The Israeli minister, Yuval Steinitz…

Ex-Petrofac Exec Pleads Guilty to Bribery Offenses

Jan 15, 2021

Update: Petrofac's statement included below the original articleFormer senior Petrofac Ltd executive David Lufkin pleaded guilty at Westminster Magistrates' Court on Thursday to three further bribery offenses in relation to oil deals in United Arab Emirates (UAE)…

BIMCO: Zero Tonnes of Saudi Crude Oil Imported by the US

Jan 14, 2021

In the seven days up to 1 January 2021, the US did not record any crude oil imports from Saudi Arabia. It is the first time this has happened. Previously, imports have averaged several hundred thousand barrels per day (bpd), BIMCO said in 'BIMCO’s Shipping Number of the Week' report…

Energean Sanctions Karish North Gas Field Project. Gets $700M Loan

Jan 14, 2021

Mediterranean Sea-focused oil and gas company Energean has taken Final Investment Decision ('FID') on the Karish North gas development, offshore Israel.The gas discovery was announced in April 2019. In November 2020, DeGolyer and MacNaughton…

MENA NOC Charters Gulf Marine Services' Jack-Up Unit

Jan 08, 2021

Gulf Marine Services, a UAE-based provider of offshore jack-up support vessels, has secured a long-term contract for its GMS Evolution jack-up. 'Winning this contract follows the successful trial of the vessel's Cantilever Workover System, with…

Swinging Again, Saudi Arabia Sacrifices Market Share to Protect Oil Price

Jan 06, 2021

Saudi Arabia’s announcement that it will reduce oil output by 1 million barrels per day in February and March has boosted prices and helped paper over divisions within the producer alliance, at least temporarily.The unilateral cut, announced on Tuesday…

McDermott Lands Offshore Platform Engineering Deal in Qatar

Jan 06, 2021

Offshore engineering and construction firm McDermott has won a contract from Qatargas to deliver front-end engineering and design (FEED) work for Qatar Petroleum's North Field South (NFS) project.The contract scope includes the replication of five offshore wellhead platforms…

Eni, PTTEP Grab Hold of Giant Offshore Block in UAE

Dec 22, 2020

Italian oil and gas firm Eni and Thailand’s national oil company PTTEP have been awarded exploration concession for Offshore Block 3 in the United Arab Emirates, with the concession deal signed with ADNOC on Monday.Eni is the operator with a 70% stake in the Exploration Offshore Block 3…

Nakilat Takes Over Management of FSRU Exquisite

Dec 21, 2020

Qatar-based energy shipping company Nakilat said Monday it had assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate.The FSRU is jointly owned by Nakilat and Excelerate through a joint venture established in 2018…

Energean in Talks to Take Full Ownership of Israeli Subsidiary

Dec 07, 2020

Mediterranean Sea-focused oil and gas company Energean is looking to take full ownership of its 70 percent-owned subsidiary Energean Israel.The company said Monday it had entered into an exclusivity arrangement with an affiliate of Kerogen Capital…

Lebanon Wants Maritime Border Talks to Succeed. Difficulties Can Be Overcome, President Says

Dec 02, 2020

Lebanon wants maritime border talks with Israel to succeed and difficulties that surfaced in the last session round can be overcome, President Michel Aoun told a U.S. mediator on Wednesday after the latest round was postponed.The negotiations between the old foes were launched in October…

ADNOC Awards Seismic Contract Worth up to $519 Million to BGP

Nov 26, 2020

Abu Dhabi's national oil company ADNOC said Thursday it had awarded a contract worth up to $519 million to Chinese seismic contractor BGP to further expand the scope of what it says is the world’s largest combined 3D onshore and offshore seismic survey…

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