Offshore Middle East News - page 3

 

ADNOC Exploring International Listing of Its Investment Arm XRG

Mar 10, 2025

Abu Dhabi National Oil Company is considering listing its international investment arm XRG on an exchange outside of the United Arab Emirates, three people with knowledge of the matter said, potentially creating one of the largest listed energy companies globally…

Aramco Reports Over 12% Profit Fall in 2024

Mar 04, 2025

Saudi oil giant Aramco said on Tuesday it expects to declare total dividends of $85.4 billion in 2025, nearly 30% less than last year, after reporting a drop in profits as a result of lower sales and higher costs.For the first quarter of 2025…

ADNOC Signs 15-Year LNG Supply Deal with Osaka Gas for Ruwais Project

Feb 27, 2025

Abu Dhabi National Oil Company (ADNOC) has signed a Sales and Purchase Agreement (SPA) with Osaka Gas, one of Japan’s largest utility companies, for the supply of up to 0.8 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from its lower-carbon Ruwais LNG project…

Abu Dhabi’s TAQA Looks into Cyprus Interconnector Project

Feb 27, 2025

Cyprus's Energy Minister, George Papanastasiou, said on Thursday that Abu Dhabi's TAQA is interested in investing in and supporting the delivery of an electricity connection project the country is developing.The project is the Great Sea Interconnector…

Chevron Extends Shelf Drilling Scepter Rig’s Stay Off Nigeria

Feb 20, 2025

Offshore drilling contractor Shelf Drilling has secured a one-year extension with Chevron for its Shelf Drilling Scepter jack-up rig offshore Nigeria.The extension will begin in direct continuation of the rig’s current contract, extending the commitment until July 2026…

EnerMech Nets Long-Term Job at Qatar’s Largest Offshore Oil Field

Feb 19, 2025

Energy industry services firm EnerMech has secured a five-year contract extension to provide North Oil Company (NOC) with leak testing and flange management services at Al Shaheen oil field, offshore Qatar.The contract extension for the Al Shaheen Oil Field for NOC…

Saudi and UAE Drilling Rig Owners Form Strategic Alliance

Feb 18, 2025

UAE-based shallow water drilling contractor Shelf Drilling has formed a strategic alliance with Arabian Drilling, the largest onshore and offshore drilling company in Saudi Arabia by fleet size, to work together on international rig deployment…

ADNOC Drilling Seeks Ways to Refinance $1.25B Debt

Feb 14, 2025

ADNOC Drilling, a unit of the United Arab Emirates' state oil giant, is looking to refinance debt maturing later this year worth an overall $1.25 billion, its chief financial officer said on Friday.The company will refinance a term loan worth…

Eco Wave Finds Partner for Wave Energy Project in India

Feb 14, 2025

Eco Wave Power Global has signed a Memorandum of Understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL), marking a first step for the introduction of wave energy into India’s renewable energy strategy.The collaboration aligns with…

ARO Drilling and IMI Shake Hands for First Saudi-Built Jack-Up Drilling Rig

Feb 13, 2025

ARO Drilling, a joint venture between Aramco and Valaris, and International Maritime Industries (IMI) have signed an agreement to build a new jack-up drilling rig, Kingdom 3, which will be the first to be constructed in the Kingdom of Saudi Arabia…

ADNOC Secures LNG Supply Deal with India's BPCL

Feb 10, 2025

Abu Dhabi National Oil Company (ADNOC) will supply 2.5 million tons of liquefied natural gas (LNG) to India's Bharat Petroleum Corp under a new five-year deal, sources with knowledge of the matter said on Monday.Indian's state refiner will receive…

ADNOC Opts for Seagliders for Offshore Energy Crew Transportation

Jan 29, 2025

ADNOC Logistics and Services (ADNOC L&S), part of the Abu Dhabi National Oil Company (ADNOC), has partnered with an Abu Dhabi seaglider operator to introduce REGENT seagliders into its fleet for offshore energy logistics services.The seagliders will provide high-speed…

ADES Gets Its First Jack-Up Contract Offshore Nigeria

Jan 24, 2025

Saudi oil and gas drilling contractor ADES Holding has secured a $21.8 million drilling contract with Brittania-U for its Admarine 504 jack-up drilling rig, marking its first entry to the Nigerian offshore oil and gas sector.ADES and Admarine…

Kuwait Strikes Oil and Gas at Al-Jlaiaa Offshore Field

Jan 22, 2025

Kuwait Oil Company (KOC) has made a discovery of hydrocarbon resources with large commercial quantities at the Al-Jlaiaa offshore field, estimated at 800 million of medium-density oil barrels and 600 billion standard cubic feet of associated gas…

GMS Brings Backlog to $483M with Latest Jack-Up Contract Extension

Jan 21, 2025

Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured a contract extension for one of its large-class vessels operating in the Persian Gulf region.The latest extension to an existing contract is for 171 days…

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