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Seadrill bags extension deals for three rigs worth $361 million

Business & Finance

Seadrill rigs rake in $361 million in extension deals

Seadrill has won contract extensions with a total value of approximately $361 million in aggregate for three jack-up rigs in the Middle East.

about 4 years ago

Business & Finance

Two players join forces to research carbon capture and global supply chain

American Bureau of Shipping (ABS) has teamed up with TAMUQ to launch a study into carbon capture and the global supply chain.

about 4 years ago

Business & Finance

Rystad: Russian crude oil diverted from Europe to India & China as war rebalances trade flows

Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia, Rystad says.

about 4 years ago

Business & Finance

Energean to drill two more Israel wells with Stena drillship

Energean has exercised its options with Stena Drilling for two more wells offshore Israel as part of its 2022 growth drilling campaign.

about 4 years ago

Business & Finance

New addition for Shelf Drilling’s fleet as India’s Aban offloads another rig

UAE’s Shelf Drilling has inked a deal with India’s Aban Offshore to buy one of the latter’s jack-up drilling rigs.

about 4 years ago

Business & Finance

As O&G share of MMO market goes down, renewables and low-carbon to take increasingly large slice of pie – Rystad

The oil and gas industry has dominated the MMO market but this is set to change, an analysis by Rystad Energy shows.

about 4 years ago

Worley bags 10-year deal for Chevron’s onshore and offshore asset portfolio

Business & Finance

Worley lands 10-year deal with Chevron

Chevron has awarded a long-term deal to Worley, encompassing its global portfolio of onshore and offshore assets.

about 4 years ago

Business & Finance

New UAE joint venture to provide subsea and survey services

Abu Dhabi-based National Marine Dredging Company (NMDC) and AD Ports Group have joined forces to form SAFEEN Surveys and Subsea Services, a new joint venture dedicated to providing surveys, trenching and dredging support services. SAFEEN Surveys and Subsea Services will offer a range of trenching, d

about 4 years ago

Business & Finance

India’s Aban gets rid of another rig

India’s offshore drilling contractor Aban Offshore has sold one of its jack-up rigs to UAE’s ADNOC Drilling.

about 4 years ago

Business & Finance

Three-year extension for Saudi rig

Offshore drilling contractor Shelf Drilling has secured a contract extension for one of its jack-up rigs in the Middle East.

about 4 years ago

Gulf Driller VII aka Perro Negro 11 - Saipem

Business & Finance

Saipem adds another jack-up rig to its fleet

Ocean Challenger, the asset management company of CIMC Raffles, has entered into a charter contract with Saipem for a jack-up drilling rig.

about 4 years ago

Idle fleet reactivation on the rise as high oil prices spearhead offshore investments, Westwood says

Business & Finance

Idle OSV fleet reactivation on the rise as high oil prices spearhead investments, Westwood says

Westwood reveals an uptick in offshore E&P investment and rig count with the demand for OSVs resulting in more idle fleets being reactivated.

about 4 years ago

Business & Finance

Euronav takes full control of two FSOs working on Qatar’s giant oil field

Euronav has become the full owner of two FSO vessels, operating on Qatar’s Al-Shaheen field, as previously held in its JV with International Seaways.

about 4 years ago

Business & Finance

As Energean FPSO reaches Israel, Lebanon warns against any activity in disputed waters

Following the crossing of the Suez Canal last Friday, the Energean Power FPSO has arrived on location in Israel and hook-up and commissioning operations will begin immediately.

about 4 years ago