AD Ports Group's subsidiary SAFEEN has acquired a support vessel to boost the company's subsea service capabilities.Built in 2014, the vessel, previously known as the Nordic Prince, will operate under the name ‘SAFEEN Surveyor’ and will undergo an extensive conversion prior to starting operations…
Abu Dhabi National Oil Company (ADNOC) said Thursday it had set a new world record for the longest oil and gas well, at its Upper Zakum offshore concession.'Stretching 50,000 feet [15240 meters], the well is around 800 feet [243.84 meters] longer…
Italian energy industry engineering and construction firm Saipem said Thursday it had secured the largest single offshore contract by total value in the company’s history.The company has won a contract with Qatargas for the North Field Production…
U.S. energy envoy Amos Hochstein will be in Beirut next week carrying a copy of the maritime agreement with Israel for Lebanese officials to sign, Lebanese negotiator Elias Bou Saab told Reuters on Wednesday. The deal - hailed by all three…
Qatar Energy has reduced the term price for December-loading al-Shaheen crude oil to a premium of $4.19 a barrel above Dubai quotes after receiving lower bids in its tender, several trade sources said on Wednesday. This was down from a premium of $5…
The United Arab Emirates believes OPEC+ made the correct technical choice when it agreed to cut production and the unanimous decision had nothing to do with politics, energy minister Suhail al-Mazrouei said on Tuesday. His comments came after…
Saudi Arabia's national oil company, Saudi Aramco, said Monday it was, in collaboration with international partners, establishing two offshore fabrication yards that aim to deliver a more than 200 percent increase in Saudi Arabia’s offshore fabrication capacity…
East Mediterranean gas reserves can help ease Europe's energy crunch but require funding from institutions like the European Bank for Reconstruction and Development and the European Investment Bank to realise the area's full potential, an official said on Friday…
Lebanon's caretaker energy minister said on Friday that Qatar has expressed an interest in joining a consortium involving Eni and TotalEnergies that is exploring for oil in the eastern Mediterranean sea.A post on the official cabinet Twitter account…
Singapore's Keppel Offshore & Marine (Keppel O&M), has completed the modification works for four KFELS B Class jack-up rigs which will be deployed on bareboat charters in Saudi Arabia this month.The rigs are being chartered in pairs by Arabian…
Egypt is aiming to take over the development of Gaza's offshore natural gas field, Egyptian and Palestinian officials said, in what would be a boost for the cash-strapped Palestinian economy. While Egypt and Israel have been producing gas in the eastern Mediterranean for years…
Abu Dhabi National Oil Company awarded a contract worth $980 million to ADNOC Drilling to hire two jack-up offshore rigs, the company said on Thursday. The award will support the expansion of ADNOC's production capacity as it responds to the…
Top Israeli ministers on Wednesday endorsed a U.S.-brokered deal to delineate a maritime border with Lebanon, paving the way for a potentially fractious two-week parliamentary review before it goes into force.Prime Minister Yair Lapid's security cabinet said the deal should be 'urgently' green-lit…
Israel and Lebanon have reached 'a historic agreement' on their maritime border, Israeli Prime Minister Yair Lapid said on Tuesday. “This is a historic achievement that will strengthen Israel’s security, inject billions into Israel’s economy…
Offshore drilling firm Shelf Drilling has secured a five-year contract for the recently acquired premium jack-up rig Shelf Drilling Victory for operations in the Arabian Gulf.The contract value for the firm period, including mobilization revenue…
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