MMA has secured an integrated vessel and subsea services contract to provide offshore construction support services in Qatar. The multi-purpose support vessel MMA Pinnacle will be deployed in Qatar to provide a range of subsea services in support of a tier-one contractor working on a pipeline instal
Lamprell is in the frame for upgrade work on three jack-up drilling rigs ahead of their move to the Gulf region.
Energean has made a commercial gas discovery in Block 12 offshore Israel, bolstering its beliefs in the potential of the Olympus Area.
Keppel O&M has won a deal worth around $97 million with Saudi Arabia’s Public Investment Fund-affiliated company, ADES, for two jack-up rigs.
The UN is working on raising the funds for the implementation of its plan to address a threat posed by an FSO unit off the Yemen coast.
Rystad Energy expects public E&P companies to break prior records as profits are set to reach a 70 per cent increase in 2022.
Energean has revealed that its FPSO for the Karish project located offshore Israel has sailed away from Singapore.
Gulf Marine Services (GMS) has won a new long-term deal for one of its small-size class vessels with a higher day rate.
Offshore drilling contractor Seadrill has secured contracts totalling $404 million for three jack-up rigs in the Middle East.
Subsea 7 has reported a revenue of $1.2 billion in the first quarter of 2022, an increase of $197 million or 20% compared to Q1 2021, said to reflect strong growth in the Subsea and Conventional business unit. According to the UK-based company, the increase in revenue is impacted by significant acti
High commodity prices and increasing oil & gas supply are set to push upstream sector payments to governments to an all-time high, Rystad says.
TechnipFMC has reported $1.9 billion of inbound subsea orders in the first quarter of 2022, an increase of 83% when compared to the fourth quarter of 2021, resulting in a book-to-bill of 1.5. For the Subsea segment, TechnipFMC reported revenue of $1,289.1 million, a 4.3% increase from the fourth qua
Offshore rig owner Valaris has sold two jack-up rigs to a subsidiary of the UAE-based operator ADES International Holding.
UAE-based Shelf Drilling has secured a three-year contract extension for a jack-up rig operating offshore Saudi Arabia.
