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.
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.
Offshore drilling contractor Seadrill has secured contracts totalling $404 million for three jack-up rigs in the Middle East.
High commodity prices and increasing oil & gas supply are set to push upstream sector payments to governments to an all-time high, Rystad says.
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.
Maersk Drilling has entered into an agreement with ADES to sell a jack-up rig for $42.5 million in an all-cash transaction.
The invasion of Ukraine has led to tighter gas supplies, higher prices, and an uncertain outlook, resulting in a downward revision to the IEA’s forecast for gas demand this year.
India’s Aban Offshore has entered into an agreement with the UAE-based operator ADES for the sale of four of its jack-up drilling rigs.
Surging oil, gas and power prices together with the EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult global energy spending this year to $2.1 trillion, Rystad Energy research shows.
A notable update relates to a Valaris drillship contract in the Gulf of Mexico, which has now been novated from TotalEnergies to Equinor.
Saipem has been awarded new contracts in offshore drilling in the Middle East and in West Africa for a total amount of over $400 million.
