The offshore oil and gas industry is currently in a resurrection mode and is expected to keep growing, however, the annual growth rate in the global offshore oilfield services market will likely be halved after 2022, according to the energy intelligence group Rystad Energy.
Italian contractor Saipem has been awarded new contracts in offshore drilling in Norway and the Middle East totaling over $100 million.
Oslo-listed offshore driller Shelf Drilling has secured a contract for its newbuild drilling rig Shelf Drilling Achiever.
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Oil and gas exploration is back and deepwater sweet spots are attracting the most attention, energy intelligence group Wood Mackenzie’s industry survey has shown.
Kenz Figee has recently signed a partner agreement with Saudi Drill.
Offshore Energy Today’s most popular news of the past week.
Drilling contractor Northern Offshore has signed Letters of Award for two long-term contracts for its newbuild jack-up drilling units with Qatar Petroleum.
Offshore engineering and construction specialist McDermott has said been hired by Abu Dhabi’s ADNOC for FEED services on a design-competition basis for phase one of the Umm Shaif Gas Cap Condensate Development Project.
The worldwide offshore rig count in April 2019 increased by 5 units sequentially and by 62 rigs year-over-year, according to monthly rig count reports by Baker Hughes, a GE company (BHGE).
Offshore continues to thrive and has much to offer in the future despite oil price downturns and the shale revolution, according to Norwegian oil and gas intelligence firm Rystad Energy.
Qatar Petroleum said the tender package was issued to world-class contractors.
CEOs of ADNOC and ExxonMobil have met to explore new opportunities for collaboration in the upstream and downstream sectors.
Offshore Energy Today’s most popular news of the past week.
