Offshore Middle East News - page 7

Report: BP, Azerbaijan's Socar Make Maiden Bid for Israeli Offshore Gas

Jul 17, 2023

BP and Azeri national oil company Socar have taken part for the first time in an Israeli licensing round for natural gas exploration, the latest sign of growing international interest in the Eastern Mediterranean basin, sources said.BP and Socar…

Four Groups Bid in Israel Offshore Gas Exploration Tender

Jul 17, 2023

Four groups of companies have made bids in Israel's latest tender for offshore hydrocarbon exploration, the Energy Ministry said on Sunday.The ministry said the groups include a total of nine companies, five of which were new to the Israeli market…

Iran Says Foreign Ministry will Follow up On Durra Field

Jul 13, 2023

Iran's foreign ministry will follow up on the Durra gas field known as Arash in Iran, the country's Oil Minister Javad Owji said on Wednesday according to semi-official Tasnim news agency.Kuwait and Saudi Arabia have 'exclusive rights' in the Durra gas field in the Gulf…

McDermott Bags Major Subsea Pipeline, Cable Order in Qatar

Jul 12, 2023

Offshore installation firm McDermott has secured a major subsea pipelines and cables engineering, procurement, construction, and installation (EPCI) project from Qatargas.The award is related to the North Field Production Sustainability (NFPS) Offshore Fuel Gas Pipeline and Subsea Cables Project…

Kuwait, Saudi Arabia Have 'Exclusive rights' in Durra Offshore Gas Field - Kuwait Oil Minister

Jul 10, 2023

Kuwait and Saudi Arabia have 'exclusive rights' in the Durra gas field in the Arabian Gulf, Kuwait Oil Minister Saad Al Barrak said on Sunday, and he called on Iran to validate its claim to the field by demarcating its own maritime borders first…

EastMed Pipeline Project Still Viable, Edison CEO Says

Jul 07, 2023

A project to build a 2,000 km pipeline to bring natural gas from East Mediterranean fields to Europe is still alive, the CEO of Italian energy group Edison said on Friday.Edison CEO Nicola Monti said that the group, which is one of the promoters of the pipeline…

Thailand's PTT in Advanced Talks with Qatar for LNG Deal - Sources

Jul 07, 2023

Thailand's largest energy company, state-controlled PTT, is in advanced talks with Qatar for a 15-year liquefied natural gas (LNG) supply deal, four trading sources told Reuters.The oil and gas conglomerate is negotiating a supply of 1 or 2 million tonnes per annum (mtpa)…

McDermott Starts Construction of TenneT's BorWin6 HVDC Converter Platform

Jul 05, 2023

Offshore engineering and construction firm McDermott held a first steel-cutting ceremony at its Jebel Ali fabrication yard in Dubai, United Arab Emirates, to mark the start of construction for the BorWin6 980MW high-voltage, direct current (HVDC) project for TenneT…

Israel: Leviathan Field Consortium Plans $568 Million Pipeline to Expand Gas Production

Jul 04, 2023

Partners in the Israeli offshore gas project Leviathan said on Sunday they would invest $568 million to build a third pipeline that will allow increased natural gas production and exports.Leviathan, a deep-sea field with huge deposits, came…

Saipem Secures $1B in New Contracts for Offshore Activities in Middle East and Subsea Drone Project in Brazil

Jun 29, 2023

Saipem has been awarded two new contracts, one for EPCI offshore activities in the Middle East and the other for the development of underwater drones in Brazil. The total value of the new contracts is approximately $1 billion.Under the existing Long-Term Agreement (LTA) with Saudi Aramco…

Exporting Too Much Gas Could Jeopardize Israel's Energy Security, Warns Official

Jun 28, 2023

Israel should urgently examine how much natural gas the country should export to make sure it keeps enough for itself, a senior official at Israel's Finance Ministry said in a letter seen by Reuters. The country is expected to roughly double…

Saipem Secures $550 Million Worth of Offshore Drilling Contracts

Jun 27, 2023

Italian offshore services firm Saipem has won two offshore drilling contracts, one in the Middle East and one in the Mediterranean Sea, worth about $550 million in total.In the Middle East, Saipem said it had ensured the continuity of the ongoing…

ADNOC Drilling Secures $2 Billion in Contracts for Five Jack-up Rigs

Jun 26, 2023

ADNOC Drilling on Friday confirmed the award of five 10-year contracts, totaling approximately $2 billion for jack-up rigs in support of ADNOC Offshore’s growing drilling operations. 'The contractual conditions, particularly the duration, were…

Israel's Gas Reserves Grew by 40% Over Past Decade, Report Says

Jun 26, 2023

Israel's natural gas reserves have grown by 40% over the past decade due to increased drilling and exploration activities, an industry report said, even as production soared.The growth came amid five-fold growth in offshore gas production since…

Seadrill in Talks to Sell Jack-up Rig Trio in Qatar

Jun 26, 2023

Offshore drilling firm Seadrill said Monday it was in active discussions to sell jack-up rigs West Castor, West Telesto, and West Tucana.The three jack-ups which are bareboat chartered by Seadrill to Gulfdrill, a 50:50 joint venture between Seadrill and Gulf Drilling International…

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