Rig operator Rowan Companies has purchased two LeTourneau Super 116E jackup rigs, the P-59 and P-60, which were both delivered new into service in 2013, in a public auction from a subsidiary of Petrobras for US$38.5 million per unit. As previously reported in May 2017…
Saudi Aramco and partners Lamprell, the National Shipping Company of Saudi Arabia, and Hyundai Heavy Industries, announced on 30 December, 2017, the official launch of their International Maritime Industries (IMI) joint venture. When fully operational in 2022…
Believing that major spending cuts are over, Wood Mackenzie expects global upstream capital expenditures to grow slightly in 2018 to a total of US$400 billion. The downturn resulted in nearly $1 trillion being taken out of company spending from 2015 to 2020…
The Israeli Petroleum Commissioner has awarded Energean Oil & Gas five offshore exploration licenses covering Blocks 12, 21, 22, 23, 31, which were available for bidding in Israel’s first offshore bidding round. Each license has an initial exploration period of three years…
Norwegian seismic firm Magseis and its BGP have been awarded an extension to an ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data in the Red Sea. The new survey is expected to run for more than seven months and will start in January 2018…
Azerbaijan's SOCAR and US engineering house KBR's joint venture has been awarded a front end engineering and design (FEED) contract for topsides on Total's Absheron Early Production Project. The platform will be at SOCAR's Oil Rocks facility…
McDermott International has received a fifth contract award under an existing agreement from Saudi Aramco for work on the Safaniya field onshore and offshore Saudi Arabia. Under the engineering, procurement, construction and installation (EPCI) contract…
Noble Energy has chosen Gate Energy to provide facility commissioning for the Leviathan platform offshore Israel. The scope includes topside commissioning planning, onshore commissioning execution and offshore commissioning services of the production platform…
Saudi Aramco today (9 November) announced several contract awards, including three for fields in the Arabian Gulf offshore Saudi Arabia. The company has awarded Jacobs Engineering an engineering and project management services contract for the offshore Zuluf field development program…
Production has started from the Hail oil field offshore Abu Dhabi in the United Arab Emirates, says Abu Dhabi Oil Co., a subsidiary of Japan's Cosmo Energy Exploration & Production Co. The production from the Hail oil field is the first…
A UAE-based subsidiary of Malaysia's Eversendai Corp. has won an offshore fabrication project for Saudi Aramco. Eversendai Offshore received the project award, fabricating jacket structures, through Italy's Saipem, which is one of…
McDermott International has won a letter of award from Reliance Industries for work on the KG-D6 subsea field development in the Krishna Godavari Basin offshore eastern India. McDermott will provide engineering, procurement, installation and pre-commissioning of subsea flowlines…
The Dubai subsidiary of Scottish energy industry equipment manufacturer and service provider Flowline Specialists has recently completed work on a major subsea umbilical, riser and flexible (SURF) lay project in the Middle East. Flowline…
Sparrows Group has won two crane contracts with Dubai Petroleum, one for maintenance services and the other for the delivery of rental cranes. The first contract, for five-year’s crane maintenance services, covers 76 cranes across all of Dubai Petroleum’s offshore fields…
French cabling firm Nexans has been chosen to supply 3000km cables for the Nasr Phase II full field development project offshore Abu Dhabi in the United Arab Emirates. The Nasr field is a large oil field about 130km northwest of Abu Dhabi…
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