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Exploration & Production

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Exploration & Production

Energean’s brand-new gas deal bringing revenues of more than $2 billion

Energean has penned a multi-year gas sale and purchase agreement (GSPA) with Kesem Energy to supply natural gas to the latter’s new power plant under construction in Israel’s Rosh Ha’ayin within the Southern Levant region of the Middle East.

about 1 year ago

Exploration & Production

Ten-year renewal for ADES rig marks jack-up’s return to drilling work with Aramco

ADES has tucked a multi-year contract renewal in the Kingdom of Saudi Arabia (KSA) under its belt, which enables one of its previously suspended jack-ups to work for Aramco once again.

about 1 year ago

Exploration & Production

Middle East and Guyana on schedule for Saipem under two contracts worth $720M

Italy’s engineering, drilling, and construction services company Saipem has secured two new offshore contracts in the Middle East and Guyana for a total amount of approximately $720 million. The first contract covers engineering, procurement, construction and installation (EPCI) activities for the r

about 1 year ago

Aras Driller jack-up rig; Source: Ocean Oilfield

Exploration & Production

44-year old rig crosses the finish line at offshore drilling job in UAE

Ocean Oilfield Integrated Solutions has confirmed the completion of an offshore drilling assignment, which one of its jack-up rigs carried out off the coast of the United Arab Emirates (UAE).

about 1 year ago

Chevron-operated Leviathan gas asset (for illustration); Source: NewMed Energy

Exploration & Production

BP and SOCAR join NewMed in grabbing slice of multi-license gas exploration pie off Israel

Israel’s Ministry of Energy and Infrastructure has put its stamp of approval on six licenses in a fourth competitive process for natural gas exploration in the State of Israel’s Exclusive Economic Zone (EEZ). The list of license winners entails Azerbaijan’s SOCAR, NewMed Energy – former Delek Drilli

about 1 year ago

FPSO Baobab Ivoirien; Source: Drydocks World

Exploration & Production

MODEC puts Drydocks World in charge of FPSO revamp

Drydocks World has been tasked with refurbishment and life extension works to enable a new lease on life for a floating production, storage, and offloading (FPSO) vessel, which is expected to stay at its post in West Africa for 15 more years once the enhancement activities are out of the way.

about 1 year ago

Exploration & Production

WATCH: ‘Key’ piece of North Sea oil & gas platform ready for next stage

Drydocks World Dubai, a part of DP World, has slid the final section of a module into place for a new platform destined for deployment at an oil and gas development in the North Sea, off the coast of Norway.

about 1 year ago

Valaris DS-12 drillship; Source: Valaris

Exploration & Production

BP to fast-track tie-backs as drilling ops with Valaris rig unleash more gas

BP has made another gas discovery in the Mediterranean region within the Egyptian Exclusive Economic Zone (EEZ).

about 1 year ago

Chevron-operated Leviathan gas asset; Source: NewMed Energy

Exploration & Production

Chevron and partners seek additional capacity boost at Mediterranean gas field

Chevron and its partners in a giant natural gas field project off the coast of Israel have submitted an updated reservoir development plan to the Petroleum Commissioner at the Ministry of Energy and Infrastructures for an additional expansion of the field’s capacity.

about 1 year ago

Al Shaheen field in Qatar; Source: North Oil Company (NOC)

Exploration & Production

UK player staying on duty at giant oil field offshore Qatar for five more years

EnerMech has landed a multi-year contract extension with North Oil Company (NOC), a joint venture between QatarEnergy (70%) and TotalEnergies (30%), for work at an oil asset, which is said to be the largest field off the coast of Qatar.

about 1 year ago

Exploration & Production

Valaris pensions off semi-sub trio, offloads jack-up, and picks up new drilling work for multiple rigs

Valaris has taken steps to optimize its rig fleet by deciding to put three semi-submersible units out of drilling work for good and divest a stacked jack-up rig. The rig owner has also won a new batch of drilling assignments spanning geographies.

about 1 year ago

Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy; Source: QatarEnergy

Exploration & Production

QatarEnergy’s CEO pins oil, gas, and renewables as ingredients of ‘resilient’ energy supply

While discussing the tools required to meet energy demands and move forward with the transition to low-carbon and green sources of supply, the CEO of QatarEnergy has emphasized the importance of diversifying the energy mix by feeding oil and gas alongside renewable energy to its global arsenal.

about 1 year ago

Tungsten Explorer drillship; Credit: Greg Williams

Exploration & Production

TotalEnergies and Eni sign on dotted line for Cyprus gas exports through Egypt

TotalEnergies and Eni have struck a deal with Cyprus and Egypt to develop a gas discovery named after the god of time in ancient Greek mythology by exporting the natural gas from the field off the coast of Cyprus through Egypt.

about 1 year ago

Exploration & Production

BP boosts gas production from Mediterranean Sea as it fires up next chapter of giant project

BP has brought online the second development phase of a field at the West Nile Delta (WND) concession in the Mediterranean within the Egyptian Exclusive Economic Zone (EEZ).

about 1 year ago