Offshore Middle East News


Gulf Marine Services Secures $463M Backlog with Latest Middle East Deal

Mar 11, 2024

Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has signed the first of a two-phase contract for one of its vessels operating in the Middle East.GMS said it also received a Letter of Award, relating to the second phase of this four-year contract…

ADNOC Says AI Added $500 Million of Extra Value in 2023

Mar 05, 2024

Abu Dhabi National Oil Company's (ADNOC) use of artificial intelligence generated $500 million of additional value last year, it said on Tuesday.The state oil giant said it had already integrated more than 30 AI tools across processes from field operations to corporate decision-making…

Energy Emerger Jack-Up Rig Booked for Work Offshore Oman

Feb 29, 2024

Masirah Oil, a 91.81% subsidiary of Rex International, has signed a contract for the Energy Emerger jack-up drilling rig that will be put to work at Yumna Field, offshore Oman.The rig, operated by Northern Offshore, will perform a multi-well program in the offshore Yumna Field in Block 50 Oman…

Qatar's Bigger LNG Expansion to Squeeze US, Other Rivals

Feb 28, 2024

Qatar's planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals…

Aramco Inks $6B Procurement Deals

Feb 27, 2024

Saudi oil giant Aramco has signed 40 corporate procurement agreements worth $6 billion with suppliers in the Kingdom of Saudi Arabia.The agreements aim to advance localization program, strengthen domestic supply chain, and contribute to the…

DP World and Masdar Team Up to Power Port Operations with Renewables

Feb 26, 2024

DP World has signed a partnership agreement with Abu Dhabi Future Energy Company (Masdar) to explore and implement renewable energy systems across its global port operations in the Middle East and Africa.The agreement aims to facilitate the…

Jumbo Offshore Appoints Middle East Partner as it Eyes Regional Expansion

Feb 19, 2024

Dutch heavy lift shipping and offshore transport and installation contractor Jumbo Offshore has signed a memorandum of understanding (MoU) with Sea Horizon Offshore Marine Services, which will act as its representative in the Middle East region…

Red Sea Disruption to Impact Deliveries, Not Output, QatarEnergy CEO Says

Feb 19, 2024

Disruption to shipping in the Red Sea region will impact QatarEnergy's deliveries of liquefied natural gas (LNG) but not its production, CEO Saad al-Kaabi said on Monday.'It's only going to take longer to get it there. But it will not reach…

ADNOC and BP to Form Gas Joint Venture in Egypt

Feb 14, 2024

BP and Abu Dhabi National Oil Company (ADNOC) have made an agreement to form a new joint venture (JV) that will focus initially on development of gas interests in Egypt.The JV (51% BP and 49% ADNOC) will combine the pair’s deep technical capabilities…

Shelf Drilling’s CEO Steps Down

Feb 08, 2024

Offshore drilling contractor Shelf Drilling has approved a management transition plan that will see the current CEO David Mullen step down from the role, with Greg O’Brien taking his position from August 2024.Shelf Drilling has launched a search…

QatarEnergy and Petronet Sign 20-Year LNG Supply Deal for India

Feb 06, 2024

QatarEnergy has entered into a 20-year sale and purchase agreement with Petronet LNG for the supply of 7.5 million tons per annum (MTPA) of liquefied natural gas (LNG) destined to the Republic of India.Pursuant the terms of the sale and purchase agreement (SPA)…

QatarEnergy Awards $6B in EPCI contracts for Al-Shaheen Oil Field Expansion

Jan 31, 2024

QatarEnergy has awarded the four main Engineering, Procurement, Construction, and Installation (EPCI) contract packages related to the next development phase of the Al-Shaheen field, Qatar’s largest offshore oil field, to increase production by about 100…

New Dive Support Vessel Delivered to ADNOC

Jan 30, 2024

The United Arab Emirates' Abu Dhabi National Oil Company (ADNOC) has taken delivery of ADNOC MD 01, the first in a series of two new dive support vessels.The aluminum catamaran was designed by Canadian naval architects Robert Allan Ltd. and…

Saudi Arabia Instructs Aramco to Lower Oil Production Capacity Target

Jan 30, 2024

Saudi Aramco on Tuesday said it was asked to cut its planned maximum sustainable oil production capacity to 12 million barrels a day (bpd), having raised it to 13 million bpd almost four years ago.The move in no way reflects a change of view…

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