Greek oil company Energean has said that its Karish development in the Mediterranean Sea off Israel is on track for first production in the first half of 2021. Energean has previously said that the first gas is expected to start flowing in the first quarter of 2021…
Qatar Petroleum has chartered the Energy Embracer jack-up drilling rig from Northern Offshore.The Energy Embracer was delivered from the Shanghai Waigaoqiao Shipyard in China to Northern Offshore in December 2018 and has since been warm stacked…
Iran’s Petropars will develop phase 11 of South Pars, the world’s largest gas field, after the withdrawal of French oil major Total and the China National Petroleum Corp (CNPC), Iran’s oil minister was quoted as saying on Saturday. “Now with the exit of the other two companies from the contract…
GMS, the UAE-based operator of self-elevating support vessels (SESV), has been awarded a five-year contract in the Middle East.The company announced Tuesday the 5-year award for maintenance services 'as an enhanced extension to an existing vessel contract…
Drilling contractor ADES has won a contract extension for its ADMARINE 261 jack-up rig in Saudi Arabia.ADES said Monday that the contract extension was for a tenure of one year. The contract is expected to start upon the expiry of the current contract in February 2020…
ARO Drilling, a joint venture (JV) of Saudi Aramco and Valaris Companies, has awarded a couple of contracts to International Maritime Industries (IMI) and signed a subsequent sub-contract agreement with long-term partners Lamprell Energy Ltd…
Offshore oil and gas exploration spending in the Middle East is set to grow significantly over the next few years, as onshore resources mature and become more numbered, Rystad Energy said Friday.'The most bountiful petroleum plays in the Middle…
Seismic data acquisition company Axxis Geo Solutions (AGS) has begun a 3D ocean bottom node survey in the Middle East.'The work has now commenced and will continue through most of the first quarter of 2020,' Oslo-listed seismic survey company said…
Abu Dhabi-based offshore energy services firm GMS has raised its 2020 EBITDA guidance compared to its 2019 outturn, citing new contracts and cost cuts.'Guidance for 2020 EBITDA is in the range of $57 - $62m, compared to an expected 2019 outturn…
Oil prices slipped on Wednesday on concerns that the U.S./China Phase 1 trade deal may not provide much of a demand boost because the United States intends to keep tariffs on Chinese goods until a second phase deal. Prices were also under pressure…
Gas from the Leviathan gas field offshore Israel has started flowing to Egypt, Delek, a partner in the giant development, has said.The $3.6 billion development operated by US-based Noble Energy started producing gas in the last week od December 2019…
Lebanon has postponed a deadline for the submission of applications as part of its second licensing round for oil and gas acreage, Lebanon's energy minister Nada Boustani tweeted Monday.According to Reuters, which translated the tweet in Arabic…
Oil prices dropped on Friday extending days of losses as the threat of war in the Middle East receded and investors switched attention to economic growth prospects and the rise in U.S. crude oil and product inventories.Brent crude fell 20 cents…
Drilling rig contractor ADES International has secured a contract for its ADMARINE 262 jack-up rig.The MENA-focused drilling contractor, which owns 13 jack-up drilling rigs, said Tuesday it had been awarded a contract renewal for the ADMARINE 262 drilling unit…
Dubai-based offshore drilling firm Shelf Drilling has completed the purchase of the jack-up drilling rig Maersk Completer from Maersk Drilling. The rig, which has now been renamed, has been stacked in Singapore since 2017. The two companies…