Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering financial conditions and making companies re-think near-term strategies, Wood Mackenzie has said. In Q4 2018, as thes
Offshore Energy Today Staff
Italian oilfield services giant Saipem has won two engineering, procurement, installation, and construction contracts with Saudi Aramco worth $1.3 billion. The contracts were awarded under the Long Term Agreement for offshore activities renewed in 2015 and in force until 2021. Saipem said on Friday
Polish oil and gas company PGNiG has signed an agreement with the emirate of Ras Al Khaimah, UAE, to explore for and produce hydrocarbons in the Block 5.
Rystad Energy has predicted that offshore spending would outgrow spending on onshore shale activities in 2019.
Greek oil and gas company Energean is on track to spud the Karish North well located offshore Israel in March 2019.
L&T Hydrocarbon Engineering in consortium with Subsea 7 has won yet another award for two projects from Saudi Aramco.
Eni has signed a memorandum of understanding with the National Oil and Gas Authority of the Kingdom of Bahrain with the aim to pursue petroleum exploration of offshore Block 1.
Eni has signed in Abu Dhabi two concession agreements for the acquisition of a 70% stake in the Offshore Block 1 and Offshore Block 2 exploration areas for a duration of 35 years, leading a consortium including Thailand’s PTTEP with the remaining 30% stake.
ADES International, an oil & gas drilling and production services provider in the Middle East and North Africa, has secured a one-year extension option for its existing contract for Admarine II.
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N-KOM has held a steel cutting ceremony for the first offshore living quarters to be fabricated in Qatar at the Erhama bin Jaber Al Jalahma Shipyard.
The worldwide offshore rig count in December 2018 increased by 30 units from November of the same year and increased by 49 units year-over-year, according to a Tuesday report by Baker Hughes, a GE company.
Offshore driller Noble Corporation has won a contract for its drillship Noble Tom Madden with ExxonMobil in Guyana.
