Saudi Aramco made five new oil and gas field discoveries, including one offshore field, and continued its exploration in the Red Sea in 2015. The Kingdom now has a total 134 discovered oil and gas fields. One of the latest was the Faskar offshore field…
The global offshore rig count for May 2016 has fallen 20%, when compared to May 2015, with Latin America seeing the biggest drop by 57%. Image from Saudi Aramco. According to Houston-based Baker Hughes…
Singapore-based Swiber secured three new contracts worth a total of US$215 million for separate projects in the Middle East and Southeast Asia regions. Swiber was awarded an engineering, procurement, construction and installation (EPCI)…
AccessESP, a leading provider of rigless electric submersible pump (ESP) conveyance solutions, appointed Anwar Assal as Middle East and North Africa region manager. Based in Dubai, Assal will be responsible for developing and enhancing…
Saudi Arabia has taken two steps towards boosting its in-country rig building and high-end manufacturing capabilities in the sector. Saudi Aramco, the Kingdom's oil super-major, Abu Dhabi-based engineering and rig building firm Lamprell…
Mermaid Maritime’s Western Hemisphere business unit (MSSW) has been awarded seven different subsea projects in the Middle East with an estimated value of US$11 million. In addition, Mermaid has also secured extensions for three newbuild deliveries…
DeepOcean 1 UK, a subsidiary of DeepOcean Group Holding has been awarded a contract for the provision of post-lay trenching of a 42km power cable from the shore to offshore United Arabic Emirates. Work will be performed by DeepOcean’s recently upgraded T1 mechanical trencher…
DNV GL – Business Assurance USA, Inc. issued Noble Energy a certificate of compliance to the SEMS (Safety and Environmental Systems) standard, which represents the highest criteria for safe operations of offshore drilling platforms. This…
Singapore's Vallianz Holdings reported an 18.8% drop in its revenue in Q1, in addition to being awarded a US$63 million charter contract to supply two offshore support vessels (OSV) to a national oil company in the Middle East. The company's revenue dipped to $49…
The end of March saw a resolution reached between Kuwait and Saudi Arabia for the resumption of production from the Khafji field – located in the Arabian Gulf. The project was shut-in by the Saudis in October 2014 due to environmental regulation breaches…
Weatherford’s Snorre Lutnes examines managed pressure drilling applications across key regions. MPD deployment. Images from Weatherford. Once reserved as a last resort for wells defined as undrillable…
Wood Group has won a new five-year contract with BP-operated projects, valued at US$500 million, to deliver services to eight facilities, offshore Azerbaijan. Effective immediately, Wood Group PSN (WGPSN) will provide engineering, procurement…
PACC Offshore Services Holdings (POSH) has been awarded long term charters for eight offshore supply vessels with a combined value of approximately US$167.5 million by a Middle Eastern national oil company. POSH will supply eight anchor-handling…
Qatar-based Milaha has taken delivery of a new lift boat which will be deployed offshore, particularly in support of field maintenance efforts. Abdulrahman Essa Al-Mannai, president and CEO of Milaha, and Vivek Seth, CEO of Halul Offshore Services…
Offshore drilling firm Paragon Offshore has picked up two contract extensions, having reduced day rates. In the Middle East, a contract with ADMA OPCO for the M1162 jackup has been extended from mid-January 2017 to late January 2019 and…