Lamprell is anticipating a contract award for the full scope of work required for the construction of multiple jack-up lift barges.
UAE’s ADNOC has awarded framework agreements to four oilfield services providers valued at $1.94 billion to enable drilling growth.
UAE’s Abu Dhabi National Oil Company (ADNOC) has introduced remotely operated vehicles (ROVs) to its operations, targeting easier and safer underwater safety inspections. ADNOC stated that the move comes as using ROVs reduces human exposure to underwater hull inspections, which is in line with the c
Noble Corporation has secured more work for its rigs, including a conditional award for four drillships working for ExxonMobil in Guyana.
GMS has inked a new contract for one of its vessels with an increased day rate, fuelling expectations of even higher rates in the future.
Borr Drilling has converted several LOAs into contracts, secured a couple of new deals, and postponed delivery dates for five newbuilds.
Dubai’s oil and gas company Dragon Oil has made its first oil discovery in the Gulf of Suez, considered the largest in the last 20 years.
Norwegian cleantech company TECO 2030 has signed a strategic cooperation agreement with Al Misehal Group in the Kingdom of Saudi Arabia (KSA) to form a joint venture aimed at reducing environmental impact in the country and ultimately achieving net-zero by 2060.
Sumitomo Electric Industries has received a limited notice to proceed (LNTP) from Samsung C&T Corporation to deliver a high-voltage direct current (HVDC) cable for what will be the first of its kind submarine HVDC network in the Middle East. Under the $200 million deal, Sumitomo will deliver its 400
GMS has appointed a former CFO of the Qatari Investors Group as its new CFO, since, its current CFO has decided to step down from the role.
The world is changing fast and the offshore energy industry goes along with it.
Wintershall Dea has decided to divest its interest in the Gulf of Suez concession after 38 years of production.
Italian oil and gas company Eni has made a gas discovery in its first exploration well in waters offshore Abu Dhabi.
Ashtead Technology, a subsea technology specialist, has signed a multi-year reseller agreement with Norbit Subsea, a provider of technology solutions to the global maritime sector.
