Offshore Middle East News - page 9

Libya NOC Could Declare Force Majeure in Gulf of Sirte Area

Jun 27, 2022

Libya's National Oil Corporation (NOC) said on Monday it was considering declaring force majeure in the Gulf of Sirte area within 72 hours unless production and shipping resume at the oil terminals there.Mustafa Sanallah, chairman of the state oil firm…

France Wants Iran, Venezuela Return to Oil Markets

Jun 27, 2022

France wants sanctions-hit Iran and Venezuela to return to the oil markets to alleviate a Russian squeeze of energy supplies that has spiked prices, a French presidency official said on Monday.It also wants a planned mechanism to cap the price…

Seadrill Announces $361 Million In Contract Extensions

Jun 22, 2022

Offshore drilling contractor Seadrill on Wednesday announced it has been awarded contract extensions for three of its jack-up rigs for work offshore in the Arabian Gulf.The firm term of each contract is three years with commencement in direct continuation of the current contracts…

Egypt's EGAS, Chevron to Explore New East Med Offshore Gas Deal

Jun 22, 2022

Egypt's state-owned gas company and U.S.-based Chevron Corp on Monday signed a preliminary agreement to explore sending natural gas from offshore Mediterranean fields to Egypt for processing and export.The memorandum of understanding signed…

Kuwait Investing in Offshore Exploration and Production to Meet Any OPEC Output Increase

Jun 22, 2022

Kuwait Petroleum Corporation chief said on Tuesday the Gulf producer had the capacity to reach its OPEC quota and was moving to its first offshore production as it invests to meet future oil demand.'We are making the investments necessary to…

Exxon Joins Oil Majors in Qatar's Mega-LNG Expansion Project

Jun 21, 2022

QatarEnergy on Tuesday signed a deal with Exxon Mobil Corp for the Gulf state's North Field East expansion, the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies, Eni and ConocoPhillips.Qatar is partnering…

Shelf Drilling to Buy Aban Offshore's Jack-up Rig for $30M

Jun 18, 2022

Jack-up drilling rig specialist Shelf Drilling has agreed to buy the Deep Driller 7 jack-up drilling rig from the Indian offshore drilling company Aban Offshore. Shelf Drilling will pay $30 million for the 2008-built jack-up drilling unit. The rig is of Baker Marine Pacific Class 375 design…

New UAE JV Offers Surveys and Subsea Services

Jun 16, 2022

A new joint venture company formed in the United Arab Emirates will offer offshore surveys and subsea services in the UAE, across the GCC region, as well as in select international markets.The new firm, SAFEEN Surveys and Subsea Services, was…

Shelf Drilling Nets 3-Year Jack-up Rig Deal with Saudi Aramco

Jun 14, 2022

Shallow water offshore drilling contractor Shelf Drilling has secured a contract extension for its Shelf Drilling Achiever jack-up drilling rig in Saudi Arabia.The rig, of the GustoMSC CJ46-X100-D 350 design, had a contract with Saudi Aramco running until December 2022…

Lebanon Preparing to Offer Compromise on Maritime Spat with Israel

Jun 13, 2022

Lebanon is preparing to offer a compromise to U.S. energy envoy Amos Hochstein to resolve a dispute with Israel over maritime gas resources, three Lebanese officials with knowledge of the negotiations told Reuters.Hochstein landed in Beirut on Monday at the invitation of the Lebanese government…

QatarEnergy Picks TotalEnergies as First Partner in 'Largest LNG Project in History'

Jun 13, 2022

Qatari national oil and gas company QatarEnergy has selected France's TotalEnergies as its first international partner in the North Field East (NFE) expansion project, dubbed 'the single largest project in the history of the LNG industry.'The…

EU Looking to Boost Gas Imports from Israel, Egypt to Cut Reliance on Russia

Jun 09, 2022

The European Commission has proposed a deal to EU member states with Egypt and Israel to boost imports of natural gas from the eastern Mediterranean, according to a draft document seen by Reuters dated June 7.The draft memorandum of understanding…

International Seaways Sells Stake in Al Shaheen Oil Field FSOs to Euronav

Jun 08, 2022

Oil tanker operator International Seaways has sold its 50% stake in two floating storage and offshore (FSO) vessels, the FSO Asia and FSO Africa, to its joint venture partner Euronav NV. The purchase price values the two FSO vessels at $300 million in total…

North Field Expansion: Qatar Selects Exxon, Total, Shell, Conoco for mega-LNG Expansion - Sources

Jun 08, 2022

Qatar has picked ExxonMobil Corp, TotalEnergies, Shell, and ConocoPhillips, as partners in the expansion of the world's largest liquefied natural gas (LNG) project, people with knowledge of the matter said on Tuesday.The North Field expansion will boost Qatar's LNG output by 64% by 2027…

Israel-Lebanon Sea Boundary Row Obstructs Energy Development

Jun 07, 2022

A dispute between Israel and Lebanon over their maritime boundary has obstructed energy exploration in the eastern Mediterranean and risks exacerbating tensions between two foes.After months of deadlock in U.S.-mediated talks, Beirut on Sunday warned against any activity in the disputed area…

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