Penspen underlined its commitment to growth in the Middle East with three new appointments and investment in a new office in Iraq. Ahmed Al-Dadah and Na’el Barghouthi have this month joined the company from other engineering providers…
Hercules Offshore received a welcome notice from Saudi Aramco—a withdrawal notice to rescind Aramco’s previously issued notice of termination of its contract for the Hercules 261. As a result, almost all terms and conditions of the contract…
McDermott International has been awarded a contract by Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of 12 jackets for offshore oil and gas fields in Saudi Arabian waters. The work, McDermott's second…
Houston-headquartered drilling contractor Hercules Offshore sold four jackups that had been previously cold stacked since 2009. Despite the sale, 11 rigs in the company’s fleet remained cold stacked, five were added to that list this year alone…
Drydocks World is to build an external turret mooring systems for JX Nippon’s Layang field floating production vessel offshore Malaysia. Under a contract with UK-based naval architects Orwell Offshore, Dubai-based Dydocks World is expected to supply the turret system by Q1 2016…
Saudi Aramco has awarded Australia's WorleyParsons a contract to provide project management services for its offshore program. WorleyParsons has been managing the Offshore PMC contract for Saudi Aramco for the last 12 years, which has employed in excess of 400 people in recent years…
SMD has recently delivered a Q-Trencher 400 telecoms vehicle to United Arab Emirates-based company E-Marine. The vehicle is to be installed on the company’s new build CS Maram; E-Marine’s dedicated submarine cable installation and maintenance vessel…
Ensco entered into a three-year contract with NDC for a new premium jackup, ENSCO110. This newbuild rig is scheduled to begin operations later this month offshore United Arab Emirates at a rate of approximately US$114,000 per day. NDC…
Protecting, inspecting and repairing pipelines in the shallow waters of the Middle East isn’t as easy as it sounds. Elaine Maslin reports. McDermott’s DP2 offshore construction support vessel Thedbaud Sea in the Middle East…
Infield Systems’ Catarina Podevyn takes a look at recent oil price movements and market conditions on the deepwater (500m+) capex spending up to 2019. Olympus platform in deepwater US Gulf of Mexico…
In a break from the energy industry’s current contraction trend of spending cuts, employee layoffs, contract delays and cancellations, Abu Dhabi National Oil Co. (ADNOC) recently announced plans to spend more than US$25 billion on various offshore fields…
Golder Associates has appointed Dr. Hisham Mahmoud as its president and CEO. He will be based in Atlanta, Georgia. Dr. Mahmoud’s career spans some 27 years, the majority of which has been in diversified global engineering and construction companies…
UAE-based rig builder and fabrication firm Lamprell has been awarded a jackup construction contract by Abu Dhabi's National Drilling Co. (NDC). Image of the Muhaiyimat for National Drilling Co…
Baker Hughes Inc. issued its international rig count that showed 1251 rigs operating worldwide in March 2015 outside of the US and Canada. Unsurprisingly, global rig counts have dropped significantly due to an approximate 50% drop in crude oil prices since 2014…
Drill rig fleet operators are dropping dayrates as the market is squeezed due to the precipitous fall in global crude price. Industry insiders say dayrate bargaining by upstream companies is the play of the day. Rigs operating in the Middle East are particularly exposed…
Subscribe
