Offshore Middle East News - page 85

 

Aramco withdraws Hercules contract termination

Jun 01, 2015

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 to build 12 Saudi Aramco jackets

May 26, 2015

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…

Hercules sells rigs, cuts workforce

May 19, 2015

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 wins Layang FPSO turret contract

May 14, 2015

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 selects WorleyParsons

May 11, 2015

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 delivers Q-Trencher 400

May 07, 2015

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 wins two jackup contracts

May 05, 2015

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…

Shallow water hazards

May 01, 2015

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…

Short-term uncertainties in the deep

May 01, 2015

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…

ADNOC plans $25 billion offshore spend

Apr 28, 2015

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 appoints new CEO

Apr 28, 2015

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…

Lamprell lands latest jackup order

Apr 28, 2015

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…

BHI rig count not for the faint of heart

Apr 24, 2015

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…

Fleet dayrates drop in 1Q 2015

Apr 16, 2015

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…

Drydocks record rig turnaround

Apr 09, 2015

Dubai-based Drydocks World has completed a rig refurbishment project on Abu Dhabi-based National Drilling Company’s (NDC) offshore drilling rig jackup Beynouna in record time. The work on rig Beynouna, which included dry docking, hull treatment…

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