Offshore Middle East News - page 2


Iraq Inks Deal to Develop Subsea Oil Pipeline

Apr 14, 2025

Iraq has signed a deal to establish a subsea oil pipeline for exports via its southern ports, the country's oil ministry said on Sunday.The project is in cooperation with Italian offshore contractor Micoperi and Turkey's Esta for a pipeline with capacity of 2…

Abu Dhabi’s Masdar Completes Acquisition of Terna Energy

Apr 10, 2025

Abu Dhabi Future Energy Company (Masdar) has completed the acquisition of 100% shares in Greece’s Terna Energy.The acquisition follows the successful completion of an all-cash mandatory tender offer (MTO) and squeeze-out process for the remaining 30% shares of the company at a price of $22…

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

Apr 10, 2025

Pakistan's Oil and Gas Development Company Limited (OGDC) expects to start production in Abu Dhabi's Offshore Block-5 by 2027, while also increasing domestic oil and gas output and diversifying into minerals, its CEO said on Wednesday.OGDCL…

Gulf Marine Services Lands New Jack-Up Vessel Contract

Apr 08, 2025

Gulf Marine Services (GMS), a provider of jack-up support vessels to the offshore energy industry, has secured a contract for one of its large-class vessels in the Gulf Cooperation Council (GCC) region.The new contract spans a total of 142 days…

ADES Signs Long-Term Deal for One of its Suspended Offshore Jack-Ups

Apr 08, 2025

Saudi oil and gas drilling contractor ADES Holding has signed a 10-year contract renewal for one of its standard offshore jack-up rigs, which was among the suspended rigs previously operating in the Kingdom of Saudi Arabia.The standard jack-up is currently fulfilling a medium-term contract in Egypt…

TotalEnergies Terminates Contract for Shelf Drilling’s Jack-Up Rig

Apr 03, 2025

Offshore drilling firm Shelf Drilling has received a notice of contract termination from TotalEnergies EP Denmark for its Shelf Drilling Winner jack-up rig, operating offshore Denmark.Under the notice and in accordance with the contract, the termination will be effective during August 2025…

Saipem Nets $720M for Offshore Work in Middle East and Guyana

Apr 02, 2025

Italian offshore energy services firm Saipem has secured new offshore contracts in Middle East and Guyana, worth approximately $720 million.The first contract encompasses the engineering, procurement, construction and installation (EPCI) activities…

Constellation-Operated Jack-Up Rig Up for Petrobras Job

Mar 31, 2025

Constellation, an offshore oil and gas drilling services provider in Brazil, has secured a new contract with Petrobras for the deployment of Admarine 511, a jack-up drilling rig owned by its commercial partner ADES Holding.The rig, operated by Constellation…

ADNOC’s XRG Acquires Galp's Share in Mozambique Offshore Block

Mar 28, 2025

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of Galp’s 10% interest in the Area 4 concession in Mozambique's Rovuma Basin.The Rovuma Basin, one of the largest gas discoveries in the past 15 years…

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Mar 27, 2025

India’s EPC contractor Larsen & Toubro (L&T) has secured its largest-ever contract, worth over $1.8 billion, from QatarEnergy LNG for work on the expansion of the North Field, one of the largest natural gas fields the world.The contract is for…

Energean Cancels $945M Deal with Carlyle Over Approval Delays

Mar 21, 2025

UK-based gas producer Energean on Friday it was terminating a deal with private equity fund Carlyle for the sale of some of its assets due to delays in obtaining regulatory approvals in Italy and Egypt.The two companies struck a $945 million…

GMS Nets Another Jack-Up Vessel Contract in Middle East

Mar 19, 2025

Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured a new contract for an additional vessel in the Middle East.The contract, awarded by a major regional client whose name was not disclosed…

Israel Issues Offshore Licenses to BP, Socar and NewMed for Gas Exploration

Mar 17, 2025

Israel awarded licences to BP, Azeri national oil firm Socar and local company NewMed Energy NWMDp.TA on Monday to explore for natural gas in Israeli waters as the country seeks to boost domestic gas reserves and expand exports.In 2023 the trio…

Energean, Carlye Deal at Risk of Falling Through as Deadline Looms

Mar 17, 2025

A deal for Carlyle to buy assets from Energean for up to $945 million is at risk of collapse as some regulatory hurdles are yet to be cleared ahead of a deadline this week, Energean said on Monday.The two companies reached an agreement last…

Gulf Marine Services Nets Two Jack-Up Contracts Extension

Mar 13, 2025

Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured three-year contract extensions with a major National Oil Company (NOC) in the Middle East for two of its vessels.These extensions, secured at enhanced rates…

Current News

Gibdock Wraps Up Refurbishment of TechnipFMC's Deepwater Pipelayer

Portuguese Firm Bags $280M for Maintenance Work on Petrobras' Platforms

Galp Targets 40% Oil Production Boost in Brazil with New Field

Eni Starts Talks with GIP for Carbon Capture Unit Stake Sale

Subscribe for OE Digital E‑News

Offshore Engineer Magazine