Deepwater discoveries are leading the charge with global discoveries of conventional oil and gas continuing to show promising growth, according to Rystad Energy’s mid-year upstream data assessment.
Offshore installation and construction firm McDermott has been awarded a contract by Qatar Petroleum (QP) for front-end engineering and design (FEED) work for offshore facilities in Qatar.
The company will build a gas and crude-processing plant in Saudi Arabia.
The award represents the single largest EPCI offshore contract awarded by Aramco
Italian oilfield services giant Saipem has won a large part of Saudi Aramco’s $18 billion awarded as part of further development of Marjan and Berri offshore fields in Saudi Arabia.
Saudi oil giant Saudi Aramco has said it has awarded $18 billion worth of contracts for the engineering, procurement and construction of the Marjan and Berri field increment programs.
Jack-up rig firm Shelf Drilling has won a contract extension for one of its rigs operating offshore the UAE.
Offshore Energy Today’s most popular news of the past week.
Shelf Drilling has executed a two-year extension for each of the Shelf Drilling Tenacious and the Shelf Drilling Mentor jack-up rigs.
Zentech has been selected by ADNOC Drilling on an exclusive basis to provide comprehensive engineering support for all ADNOC Drilling engineering needs for both its offshore and onshore drilling rigs.
Sparrows Group has been awarded its first contract for the provision of rigging loft maintenance services in Qatar.
The worldwide offshore rig count in June 2019 rose by 9 units sequentially and rpse by 56 units year-over-year, according to monthly rig count reports by Baker Hughes, a GE company.
With nearly 60 offshore rigs, China is doing everything it can to boost oil and gas production. And the country’s energy independence policy is keeping rig supply out of the global market.
Following OPEC’s decision on Monday to extend the voluntary oil production cuts in order to keep oil prices stable, the Russia-led block of non-OPEC nations has agreed to the same on Tuesday.
