Middle Ease News

 

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Jul 02, 2025

Offshore drilling contractor Borr Drilling has singed new contract commitments for four of its premium jack-up rigs, which are set for deployment in the Middle East, Southeast Asia and Mexico.The new awards have a combined duration of approximately 1,300 days, including fixed priced options, and an estimated contract revenue of more than $129 million, according to Borr Drilling.In the Middle East, the Arabia II jack-up rig…

JDR to Test Cables on Middle Eastern Offshore Platforms for L&T

Jul 08, 2025

JDR Cable Systems (JDR), part of the TFKable Group, has secured a contract from Larsen & Toubro (L&T), an Indian multinational engaged in EPC projects, to assist with offshore umbilical testing in the Middle East.The work will see JDR test 14…

RightBridge Ventures Agrees Reverse Takeover of Swemar

Jul 02, 2025

RightBridge Ventures Group has announced a proposed reverse acquisition of Swemar, which has entered into an agreement to acquire an offshore oil service company with operations across the Middle East, India, and South-East Asia.The company…

Cyberhawk Lands Multi-Million Contract Renewal with Shell

Jul 01, 2025

Cyberhawk, a drone-based inspection and survey services and visual data management software specialist, has renewed a five-year global agreement with Shell.The contract will extend Shell’s and Cyberhawk’s collaboration to projects and assets…

Saudi Aramco to Keep Shelf Drilling’s Jack-Up Busy for Five More Years

Jun 30, 2025

Offshore drilling firm Shelf Drilling has secured a five-year extension with Saudi oil and gas giant Aramco for its High Island V jack-up drilling rig.The extension is in direct continuation of the rig’s current contract with Aramco, extending the commitment until July 2030…

Vallourec Bags ADNOC Order for Tubular Solutions

Jun 30, 2025

French tubular solutions supplier Vallourec has secured a significant order from Abu Dhabi National Oil Company (ADNOC) for the supply of more than 30,000 tons of carbon steel tubulars and associated accessories featuring VAM premium connections…

OEG Strengthens Oil and Gas Services Offering in Qatar

Jun 24, 2025

Energy solutions company OEG has finalized an evergreen agreement with Al Nasr Holding Co., to enhance support for the oil and gas, petrochemical, and industrial sectors in Qatar.The agreement further reinforces the company's strategic partnership with Venture Gulf Engineering (VGE)…

Prio Aims to Double Oil Output in 2026

Jun 23, 2025

Brazilian oil company Prio expects to double its daily output next year when compared with 2024 levels, driven by the development of some key offshore fields, CEO Roberto Monteiro said on Monday.Prio forecasts production to exceed 200,000 barrels per day (bpd) next year…

Strategic Marine Delivers Fourth Fast Crew Boat to Thai Firm

Jun 23, 2025

Strategic Marine has delivered TMS Tah Muang fast crew boat to Truth Maritime Services (TMS), a subsidiary of the Prima Marine Group.The latest 42-metre Generation 4 Fast Crew Boat (FCB) marks the fourth high-performance vessel delivered by Strategic Marine to TMS since 2024…

ESAB Fast-Tracks Welding Efficiency, Effectiveness

Jun 22, 2025

As the shipyards struggle to effectively recruit and retain new welders to replace the aging workforce, attention increasingly turns to key system suppliers like ESAB, a global welding and cutting equipment. A host of continuous improvement…

ConocoPhillips Confirms Oil Discovery off Norway

Jun 19, 2025

ConocoPhillips Skandinavia, a subsidiary of U.S. energy major ConocoPhillips, has completed the drilling of an appraisal well in the Norwegian Sea, confirming the previously made oil discovery.ConocoPhillips Skandinavia, the operator of production license 891…

Commodity Report: Meeting Oil Demand a Challenge if Israel Hits Iran Oil

Jun 13, 2025

Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days this week.After Israel attacked Iran and Tehran pledged to retaliate, oil prices jumped as much as 13% to their highest…

Israel Orders Energean to Halt FPSO Production as Iran Launches Counterstrikes

Jun 13, 2025

British gas producer Energean said on Friday it has temporarily suspended the production and activities of its Power floating production storage and offloading (FPSO) located offshore Northern Israel due to the geopolitical escalation in the Middle East…

EIA: US Natural Gas Output to Reach Record Levels in 2025

Jun 11, 2025

U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.EIA projected dry gas production will rise from 103.2 billion cubic feet per day (bcfd) in 2024 to 105…

MacGregor to Supply Winch Package for SPEC’s AHTS Newbuilds

Jun 10, 2025

MacGregor has secured a contract to supply an advanced anchor handling towing winch (AHTW) package for a series anchor handling tug supply (AHTS) vessels owned by SINOPACIFIC Engineering & Contracting (SPEC).The MacGregor AHTW package is designed…

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