Offshore Middle East News


UAE: Jack-Up Providers Team Up to Cut Costs

May 29, 2020

UAE-based jack-up services provider Gulf Marine Services has entered into a framework agreement with Zakher Marine International ('ZMI'), a privately-owned offshore services provider also based in UAE. Both companies own fleets of self-propelled…

Petrofac in Iraq Contract Extension

May 29, 2020

UK oilfield services company Petrofac has secured a further six-month contract extension with Basra Oil Company (BOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP).The contract extension was awarded to Petrofac's Engineering & Production…

Drydocks World Cuts First Steel For Dutch Wind Farm Substation

May 28, 2020

Dubai's Drydocks World shipyard has cut first steel for the HVAC Transformer Station Topside, named Hollandse Kust Zuid (HKZ) Beta.This is the third such unit that Drydocks World will be constructing for Petrofac and end-client TenneT, and the second project for the HKZ offshore wind farm…

Leviathan Gas for New Israeli Desalination Plant

May 27, 2020

The partners in Israel's offshore Leviathan natural gas field have agreed to sell about 2.5 billion shekels ($716 million) of gas to IDE Technologies for its planned desalination plant along the Israeli coast, according to a source familiar with deal…

GMS Fleet Utilization at 2015 High as More Middle East Work Secured

May 27, 2020

Gulf Marine Services PLC (GMS), a UAE-bases supplier of offshore jack-up service units, has won a seven-month contract for one of its E-Class (large) vessels, and an extension for a smaller unit.Under the 7-month contract which also includes extension options…

QP: North Field Works Going Full Steam Ahead

May 25, 2020

Qatar Petroleum's Saad Sherida Al-Kaabi in a webinar last week said the country was pressing ahead with the giant offshore North Field expansion despite the dire situation in the energy market where he feels it'll take 1-2 years for demand to…

Delek Sells Karish and Tanin Fields Rights for $90M

May 25, 2020

Israel's Delek Group said on Monday it agreed to sell its rights to royalties from oil and gas produced at the Karish and Tanin fields, which are held by Energean, for 318 million shekels ($90 million).The sum will be divided between Delek and its subsidiary Delek Energy…

Energean: Karish Pipelaying Works Set to Begin

May 25, 2020

The Mediterranean-focused oil and gas company Energean is gearing up to begin pipelaying works as part of its Karish development, offshore Israel.The company on Monday said in a social media post that the Solitaire vessel, owned by Allseas, and Normand Cutter vessel…

Gas Output to Resume at Israel's Leviathan After Brief Halt

May 25, 2020

Production at Israel's offshore Leviathan natural gas field will resume in the coming hours after an emergency shutdown on Saturday, the project's operator Noble Energy said [on Saturday].The platform's flare system had been activated to burn off excess gas…

Qatar Petroleum to Cut Spending by 30%

May 22, 2020

Qatar Petroleum will slash its spending by around 30% this year in the face of the sharp drop in oil and gas prices due to the coronavirus epidemic, its Chief Executive said on Thursday.Speaking during a webcast organized by the U.S-Qatar Business Council…

Holders of 52.24% GMS Shares Say They Won't Accept Seafox Proposal

May 21, 2020

Gulf Marine Services, a UAE-based company owning a fleet of jack-up service vessels, said Thursday it had received letters from shareholders who collectively hold 52.24 percent of the company's issued share capital saying that they didn't plant to accept Seafox's takeover proposal…

Oceaneering Wins Asset Integrity Work in Middle East

May 20, 2020

Offshore services provider Oceaneering has been awarded an asset integrity contract from a major operator based in Dubai, UAE. Oceaneering said Wednesday that the 'considerable asset integrity contract' included the provision of general and…

Delek Looking to Sell Karish & Tanin Royalty Rights

May 18, 2020

Israeli energy conglomerate Delek Group said on Sunday it was in talks to sell royalty rights to two small natural gas fields and was amending its proposed share offering.Delek said it planned to sign a 300 million shekel ($85 million) deal…

McDermott Nets 'Sizeable' Offshore Platform Design Deal in Middle East

May 18, 2020

Offshore engineering and construction company McDermott has said it has been given 'a sizeable' contract from a Middle East customer to carry out front-end engineering and design (FEED) work for offshore riser platform topsides.McDermott, which didn't say who the client was…

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