Energean has signed two new gas sales and purchase agreements (GSPAs) for the sale of gas from its Karish project located offshore Israel, which is expected to come online in the second half of 2021.
The rising number of purpose-built offshore wind vessels has a direct impact on the costs of offshore wind projects, as the sector is getting more room to use its own fleet instead of deploying vessels from the oil & gas industry, which can be costly if high oil price is driving increased oil & gas
Offshore drilling contractor Noble Corp. has won more work for some of its drilling rigs but has also seen its day rates slashed.
Following its third price collapse in 12 years, the oil and gas industry may be facing a period of transformation. The industry managed to recover from the previous two downturns and continue with business as usual, but this time it seems the recovery might look a bit different from the ones before.
ARO Drilling, a Saudi-focused offshore drilling joint venture between oil and gas giant Saudi Aramco and Valaris, has named a new chief executive officer (CEO) of the company.
The festivities scheduled for OPEC’s 60th Anniversary, originally scheduled for later this month in Baghdad where the organization was founded, have been postponed.
Dubai-based port and terminal operator DP World and Canada’s insitutional investor Caisse de dépôt et placement du Québec (CDPQ) have announced the expansion of their ports and terminals investment platform through a new commitment of $4.5 billion.
Subsea protection specialist Tekmar has recently secured a number of contracts with an aggregate value of over £6 million due for delivery in 2021 financial year. During August, Tekmar Energy and Pipeshield International won multiple contracts to supply subsea asset protection and stabilisation tech
Bahri, the world’s largest owner and operator of very large crude oil carriers, has signed an agreement with Hyundai Mipo Dockyard, a member of Hyundai Heavy Industries (HHI) Group, to build ten 49,999-dwt Medium Range (MR) chemical tankers. Valued at $ 410 million (SAR 1.537 billion), the agreement
Dubai-based port and terminal operator DP World reported a profit attributable to owners of $313 million for the first half of 2020, a decrease of 58.5 % from the last year’s equivalent of $753 million. However, the company reported a revenue growth of 17.7 % on a reported basis having booked $4.07
Denmark-based shortsea operator Unifeeder A/S, part of Dubai-based port and terminal operator DP World, has unveiled the acquisition of three businesses of Transworld Group.
Qatari North Oil Company (NOC) has extended drilling contracts for a Japanese jack-up rig duo at the giant Al Shaheen offshore oil field in Qatar.
Shelf Drilling has seen a couple of its rig contracts suspended and one terminated early while another termination has been rescinded.
A Rystad Energy analysis of the top 50 OFS firms shows that staffing is set to reach its lowest level in more than 10 years.
