The latest meeting of the G7 ministers for climate, energy, and environment has resulted in further commitments from the world’s most developed countries to curb the rise in global temperatures to 1.5°C and assist the countries affected the most by climate change. One of the commitments that stands
Energean’s new FPSO has crossed the Suez Canal while on its way from a shipyard in Singapore to waters off Israel.
McDermott has been awarded a FEED contract, its the largest ever received in the Middle East, for work on Qatar’s largest offshore oil field.
Saipem has decided to sell its onshore drilling business to KCA Deutag for $550 million in cash plus an equity stake in the combined entity.
Offshore drilling contractor Vantage Drilling has completed the sale of its subsidiary holding three jack-up rigs to ADES.
Keppel LeTourneau has joined forces with Saudi yard IMI to help it strengthen its rig building capabilities.
UAE-based ADNOC Drilling has signed an agreement to acquire an additional two premium offshore jack-up drilling units.
Sumitomo Electric Industries has concluded the contract with Samsung C&T Corporation for the delivery of high-voltage direct current (HVDC) submarine cables for the first subsea HVDC network in the Middle East. The contract follows the limited notice to proceed (LNTP) for the project in the United A
Westwood Global Energy reveals that oil & gas exploration remained resilient in 2021 undeterred by the accelerating energy transition.
Drydocks World Dubai has inked a deal with Yinson to upgrade an FPSO vessel, which will operate for Enauta offshore Brazil, upon completion.
Abu Dhabi-based Masdar and National Petroleum Construction Company (NPCC) have entered into an agreement to collaborate on offshore wind and green hydrogen project development in the UAE. Under a Memorandum of Understanding (MoU) signed this month, the two companies will initially focus on collabora
Singapore’s Keppel Offshore & Marine has signed contracts for the bareboat charter of another two KFELS B Class rigs to be deployed in the Middle East.
Lamprell and IMI have completed load-out and float-off operations for the first of two jack-up rigs built for this Saudi yard.
Shelf Drilling has secured more work for its rigs and it expects the global jack-up utilisation and pricing to beat pre-pandemic levels in 2022.
