Offshore energy engineering and construction services firm Lamprell and International Maritime Industries (IMI) on Tuesday announced the completion of the load-out and float-off of the second jackup drilling unit being constructed for IMI.The…
Offshore drilling company Valaris has secured new contracts and contract extensions worth $95 million in total.The contracts were awarded subsequent to the issuing of Valaris' most recent contract awards and fleet status update on September 1…
Israel gave its preliminary nod on Sunday to a draft U.S.-brokered deal demarcating a maritime border with Lebanon that may lead to profit-sharing in a disputed Mediterranean gas prospect. Hoping to defuse one source of conflict between the hostile countries and prod them toward accommodation…
GMS, a UAE-based owner of self‐propelled, self‐elevating support vessels serving the offshore oil, gas, and renewables industries, said Thursday it had secured a new contract.The company said Thursday that the contract was at improved rates…
GMS, a UAE-based provider of self‐propelled, self‐elevating support vessels serving the offshore oil, gas, and renewables industries, said Tuesday it had secured a new contract.The 22-month contract is for an E-Class vessel with an unnamed EPC client in the MENA region…
ADNOC Drilling announced it has signed an agreement to acquire an additional two offshore jack-up drilling unit for a combined cost of $140 million.The two new rigs will join the ADNOC Drilling fleet and commence operations by the end of 2022…
State-owned QatarEnergy on Saturday signed an agreement with French supermajor TotalEnergies for the North Field South (NFS) expansion and its chief executive said more partnerships would be announced for the project later.QatarEnergy chief Saad Sherida Al-Kaabi said TotalEnergies would have a 9…
Abu Dhabi National Oil Company (ADNOC) earlier this month announced a $548 million contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi. ADNOC said the award would increase Lower Zakum field’s gas production capacity…
Offshore drilling contractor Valaris announced on Tuesday that it has received a payment of $40 million from its joint venture with Saudi Aramco, ARO Drilling, representing a partial early repayment of its shareholder notes receivable.Following this payment…
Offshore drilling firm Seadrill has signed a deal to sell seven jack-up drilling rigs in Saudi Arabia to ADES.Upon completion of the sale the rigs AOD I, AOD II, AOD III, West Callisto, West Ariel, West Cressida, and West Leda will be owned by ADES…
Abu Dhabi National Oil Company (ADNOC) on Wednesday announced the award of five framework agreements valued at $1.83 billion (AED6.72 billion) for Directional Drilling and Logging While Drilling (LWD).According to ADNOC, the deals are the largest…
Abu Dhabi-based ADNOC Drilling said Wednesday it had agreed to acquire a premium offshore jack-up drilling rig.The company said it had signed a sale and purchase agreement (“SPA”) with an unnamed counterpart to acquire an additional premium offshore jack-up drilling unit for $70 million…
State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining margins.Aramco joins oil majors such as Exxon Mobil Corp and BP that have reported…
Abu Dhabi National Oil Company (ADNOC) on Thursday awarded a $1.17 billion (AED4.3 billion) contract to ADNOC Logistics & Services (ADNOC L&S) for the hire of 13 self-propelled jack-up barges.ADNOC said the jack-ups would help it drive offshore…
Offshore engineering and construction firm McDermott has been awarded a Front-End Engineering Design (FEED) contract by QatarEnergy for the North Field South (NFS) Offshore Pipelines and Power/FO cables Project. The new contract is in addition…