Offshore Middle East News

Energean Expects First Gas from Karish Offshore Field by Q3

Jan 18, 2022

London-listed oil and gas company Energean said Tuesday its Karish gas field in the Mediterranean Sea, offshore Israel would come on stream by the third quarter of the year, with the Energean Power FPSO expected to sail away from Singapore during this quarter…

UAE Energy Minister: World Needs to Invest $3 trln-plus in Renewables in 10 years

Jan 18, 2022

The world needs to invest at least $3 trillion in renewable energy in the next 10 years, state news agency WAM quoted United Arab Emirates (UAE) Industry Minister Sultan al-Jaber as saying on Tuesday in Dubai.The minister, who is also the Abu Dhabi National Oil Company (ADNOC) chief executive…

Magseis Fairfield, Fairfield Industries in Mediation Over Middle East Project

Jan 11, 2022

Norwegian ocean bottom node survey firm Magseis Fairfield ASA on Tuesday disclosed an ongoing mediation process between Magseis Fairfield ASA and Fairfield Industries Inc. regarding certain contractual claims between the parties. On October 30…

Abu Dhabi's Offshore Service Firm ZMI Secures up to $500M Financing Facility

Jan 11, 2022

Abu Dhabi's offshore marine services company ZMI Holdings said on Tuesday it had signed and closed a new senior secured financing facility of up to $500 million.It will help ZMI invest further in its growth markets, and provide committed and…

McDermott Scores 'Mega' Offshore Contract in Qatar

Jan 11, 2022

Offshore engineering and construction company McDermott said Monday it had secured a mega offshore contract from QatarEnergy.Under the award, McDermott will be responsible for the delivery of engineering, procurement, construction, and installation…

Eco Wave Power: First Floaters Arrive in Jaffa Port

Jan 05, 2022

The first set of floaters and supporting structures for Eco Wave Power’s grid-connected EWP-EDF One project have been delivered to the Jaffa Port project site in Israel, marking what EWP said was a key milestone in the development of the wave energy array…

McDermott to Deliver Platform Topsides for Mega Project Offshore Qatar

Jan 05, 2022

Qatari national oil and gas company QatarEnergy has said it has awarded a major engineering, procurement, construction, and installation (EPCI) contract for the offshore scope of its North Field Expansion Project to McDermott.The expansion project…

ADNOC Offshore Taps NPCC for Umm Shaif Field Work Worth $946M

Jan 05, 2022

Abu Dhabi National Oil Company (ADNOC) on Wednesday announced the award of a $946 million Engineering, Procurement, and Construction (EPC) contract for the strategic long-term development of its Umm Shaif offshore field. The contract. dubbed…

Aramco, AEC to Accelerate Digital Ecosystem Development

Dec 30, 2021

Saudi Arabian Oil Company (Aramco) and Advanced Electronics Company (AEC), a SAMI company, are collaborating to promote the localization of digital businesses in Saudi Arabia.The two companies have signed a memorandum of understanding (MoU) to accelerate the Kingdom’s digital ecosystem development…

Jan De Nul, Samsung Awarded Huge Cable Project in Abu Dhabi

Dec 29, 2021

A joint venture of Korea Electric Power Corporation (KEPCO), Electricité de France (EDF) and Kyushu Electric Power Japan has awarded a high-voltage direct current (HVDC) cable installation and convertors package for the ADNOC-TAQA Lightning…

ADNOC, TAQA Launch $3.6B Project to Decarbonize Offshore Production Ops

Dec 22, 2021

UAE-based oil and gas companies ADNOC and TAQA on Wednesday announced a $3.6 billion strategic project to 'significantly decarbonize' ADNOC’s offshore production operations.The companies said the project would see the development and operation of a first-of-its-kind high-voltage…

ADES to Buy Three Jack-up Rigs from Vantage Drilling for $170M

Dec 21, 2021

Offshore drilling firm Vantage Drilling has agreed to sell its subsidiary Emerald Driller Company (“EDC”) to ADES for $170,000,000 in cash subject to certain adjustments. EDC is the owner of the Emerald Driller jackup rig, which is operating in Qatar…

GMS Bags Two Deals for E-Class Jack-ups

Dec 21, 2021

GMS, a provider of jack-up service vessels for the offshore energy industry, has secured two new contracts for its E Class vessels.One E Class (Large Class) award includes a 6-month contract including options, for an unnamed renewables client in northwest Europe…

Heavy Blow to UK Fraud Office: Conviction of Ex-Unaoil Executive Quashed

Dec 10, 2021

The conviction of Ziad Akle, a former Unaoil executive jailed last year for bribery, has been quashed and the UK Serious Fraud Office (SFO) was accused of a 'serious failure' in a damning judgment by London's Court of Appeal.Senior judges refused an SFO request for a retrial for the 46-year-old…

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