Offshore Middle East News - page 10

QatarEnergy Awards $384,5M Offshore EPCI Deal to Milaha

Jul 18, 2022

Qatari company Milaha said Monday it had secured a five-year contract with QatarEnergy to deliver engineering, procurement, construction, and installation (EPCI) services for offshore projects in Qatar. The contract is worth QR 1.4 billion ($384…

Hezbollah: 'No one' will Extract Gas From Maritime Zones if Lebanon Unable To do So

Jul 14, 2022

The head of powerful armed group Hezbollah warned on Wednesday that 'no one' would be allowed to operate in maritime oil and gas fields if Lebanon was barred from its 'rights' in extracting from areas off of its own coast.'If you don't give us the rights that our state is asking for…

Blofeld, Al Gihaz Eye Potential Offer, Loan for Cash-strapped Lamprell

Jul 12, 2022

Cash-strapped offshore construction company Lamprell said Tuesday it had received a combined non-binding indicative all cash offer from Blofeld and Al Gihaz for the acquisition of all remaining Lamprell shares. The Blofeld and Al Gihaz have a combined shareholding of 44…

Saipem Expands Offshore Drilling Fleet with New Jack-up Rig

Jul 11, 2022

Italian energy industry services provider Saipem has expanded its offshore drilling fleet with a new jack-up drilling rig - the Perro Negro 11.Ocean Challenger, the asset management company of the Chinese rig builder CIMC, in June entered into a bareboat charter contract with Saipem…

Shell Joins Qatar's LNG Expansion Mega-Project

Jul 05, 2022

QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies, Exxon, ConocoPhillips, and Eni…

Saipem Nets $1,2B Worth of Onshore, Offshore Contracts in M. East

Jun 28, 2022

Italian oil and gas services company Saipem said Tuesday it had won several contracts, both onshore and offshore, in the Middle East worth approximately $1,2 billion.The first batch of is related to the extension of onshore drilling contracts in the Middle East…

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…

Current News

Equinor's Arctic LNG Plant to Resume Production Next Week After Gas Leak Shutdown

Equinor's Eggen Wildcat in North Sea Proves Dry

QatarEnergy in 15-Year LNG Supply Deal with Bangladesh

Plans Announced for LNG Export Facility in U.S. Gulf of Mexico

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