Offshore Middle East News

Seadrill to Sell its Qatar Jack-up Fleet

May 16, 2024

Offshore drilling contractor Seadrill on Thursday announced it has reached a deal to sell its three-rig fleet of jack-ups in Qatar.The definitive agreement will see Seadrill sell the rigs West Castor, West Telesto and West Tucana, as well as…

McDermott Performs Record-Breaking Lift on BorWin6 HVDC Project

May 13, 2024

McDermott has executed its heaviest stacking lift at the Jebel Ali fabrication yard in Dubai as part of the BorWin6 980MW high-voltage, direct current (HVDC) project for TenneT.The stacking of deck level one had a total weight of 1,962 metric…

Mermaid Gets Subsea Services Contract Extension in Middle East

May 09, 2024

Mermaid Maritime has, through its joint venture company with GCC, secured a one-year contract extension for subsea services in the Middle East with a national upstream oil and gas major.The contract extension, including several medium-term subcontract awards…

McDermott’s Subsidiary Grabs Marsa LNG Job Worth Up To $250M

May 08, 2024

CB&I, a wholly owned subsidiary of McDermott, has been awarded a significant contract by TotalEnergies and OQ joint venture for the engineering, procurement, construction (EPC) of a full containment concrete liquefied natural gas (LNG) storage tank…

Saudi Aramco Profit Falls Amid Lower Oil Prices and Volumes Sold

May 07, 2024

Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its shareholders despite reporting lower earnings for the first quarter on Tuesday, hit by lower oil prices and volumes sold.The Saudi government…

Escalated Middle East Conflict Could Hike Oil Price to $150/barrel, Bloomberg Finds

May 07, 2024

So far, the Israel-Hamas conflict has had limited impact on the global economy. However, an escalation to a direct war between Israel and Iran, could result in oil prices rising to $150 a barrel and global output cut by $1 trillion, according…

ADES Holding Finds Work in Egypt for Recently Suspended Jack-Up Rig

May 06, 2024

Saudi oil and gas drilling contractor ADES Holding has secured a contract from Suez Oil Company (SUCO) for a 21-month jack-up drilling work in the Gulf of Suez, offshore Egypt.The contract, whose firm term is valued at $42.9 million (SAR 161 million)…

Saudi Oil and Gas Driller Nets $93M for Jack-Up Rig Deal

Apr 26, 2024

Saudi oil and gas driller ADES Holding has secured a contract from major international oil company for one its jack-up drilling rigs, valued $93.3 million.ADES Holding received the letter of award for a one-year firm jack-up drilling contract in Qatar with three optional six-month extensions…

TotalEnergies, OQ Reach FID for Marsa LNG Project in Oman

Apr 22, 2024

French energy giant TotalEnergies and Oman National Oil Company (OQ) have reached the final investment decision (FID) on the Marsa LNG project, which will feature an LNG plant completely powered by renewable energy that will produce LNG for use as a marine fuel for maritime transportation…

Middle East: 18 Drilling Rigs Believed to be Suspended by Aramco So Far

Apr 05, 2024

Six offshore drilling companies – Valaris, Borr Drilling, Shelf Drilling, ADES Holding, COSL, and Arabian Drilling – have received notices of suspension for the shared total of 18 drilling rigs, all believed to have come from Saudi state-owned oil giant Aramco…

Aramco Suspends Another Jack-Up Rig

Apr 05, 2024

Offshore drilling company Valaris, through its joint venture ARO Drilling, has received a notice of suspension from Aramco for its VALARIS 143 jack-up rig.The rig’s contract was previously scheduled to end in December 2024. The suspension notice…

Borr Drilling’s Arabia I Rig to Suspend Ops

Apr 04, 2024

Offshore drilling contractor Borr Drilling has received a notice of temporary suspension for its jack-up rig Arabia I, currently under contract with Saudi Aramco.The temporary suspension for Arabia I rig, currently operating offshore Saudi Arabia…

Craig International Wins Contract with QatarEnergy LNG

Apr 04, 2024

Oilfield procurement specialist Craig International has secured a contract with QatarEnergy LNG, underpinning the company’s growth in the Middle East.The scope of Craig International’s contract with QatarEnergy LNG covers sourcing and supplying products and services for maintenance…

Middle Eastern Customer Suspends Four Shelf Drilling Jack-Ups

Apr 01, 2024

Offshore drilling contractor Shelf Drilling has received a notice of suspension of operations of four jack-up rigs from a customer in the Middle East.The company said it is in active discussions with the customer to determine which rigs will be suspended and the exact timing of the suspensions…

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