Offshore drilling contractor Shelf Drilling has secured a contract extension for one of its jack-up drilling rigs for operations in Egypt.
After a challenging 2020, oil and gas demand recovery – supported by vaccinations and OPEC+ cuts – is proving good for drilling activity, Rystad said.
Saipem has received from Qatargas a letter of award worth over $1 billion related to the North Field Production Sustainability Pipelines Project.
Vaccination hiccups could prevent the recovery of up to 1 million bpd of oil demand in 2021, Norwegian energy intelligence company Rystad Energy has said.
Oil and gas company Masirah Oil has completed the upgrade of the Yumna field process facilities located in Block 50 offshore Oman.
Oilfield services provider Petrofac has been suspended by UEA’s oil and gas giant ADNOC from competing for new contract awards until further notice.
Saudi Arabia’s national shipping carrier Bahri said that its business unit Bahri Chemicals has concluded a long-term time charter deal with Dubai-headquartered United Arab Chemical Carriers Limited (UACC). As part of the deal, nine UACC IMO2 medium range (MR) chemical tankers will join Bahri Chemica
Noble Corporation has won several new contracts for its fleet of drilling rigs, which will see three of its units come back from the warm-stack mode.
Qatar Petroleum has signed a multi-party deal with a number of LNG players to develop new medium and large liquefied natural gas carrier designs.
Italian oil and gas company Eni reached an agreement to sell its shares in its entities in Pakistan to Prime International Oil&Gas Company.
Cairn Energy has made two deals, one for the sale of its interests in two UK fields and the other for the purchase of Shell’s assets in Egypt.
Innovative Energy has made an all-cash $12.5 per share offer to take UAE-based oil & gas drilling and production services provider ADES International into Saudi hands.
OPEC and allies on Thursday decided to extend oil production cuts into April 2021, while offering small exemptions to Russia and Kazakhstan.
Offshore project commitments are set to reach a new record in the five-year period towards 2025, a Rystad Energy report says.
