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…
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…
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…
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…
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 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…
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…
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…
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…
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…
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…
Lebanon said on Monday it would invite a U.S. mediator to Beirut to continue negotiations over a disputed maritime boundary with Israel to prevent any escalation after accusing Israel of encroaching on contested waters.The issue flared up on…
Oil futures jumped on Monday, with Brent rising above $120 a barrel after Saudi Arabia hiked prices for its crude sales in July, signaling tight supply even after OPEC+ agreed to accelerate output increases over the next two months.Brent crude was up 91 cents…
McDermott International has won a Front-End Engineering Design (FEED) contract by the Qatari North Oil Company (NOC) for the Ruya Development, previously referred to as Al-Shaheen Phase 3-Batch 1, located offshore Qatar. 'This award is one the…
Italian energy services group Saipem has agreed to sell its onshore drilling business to Britain's KCA Deutag (KCAD) for $550 million, as it strives to bolster its finances after a profit warning and focuses on offshore drilling.Asset sales…