The vessels are being sold on an “as-is-where-is” basis, and have historically been used for a range of offshore chartering services
Qatari oil and gas company Qatar Petroleum has signed a farm-in deal with ExxonMobil to acquire a 10 percent stake in three offshore exploration blocks in the Angoche and Zambezi basins in the Republic of Mozambique, marking the company’s entry into Mozambique.
Offshore Energy Today’s most popular news of the week.
The Organization of Petroleum Exporting Countries has struck a deal with its Russia-led allies to cut production by 1.2 million barrels a day, in order to bring up oil prices.
Shelf Drilling has received a three-year contract award for the Compact Driller jack-up rig with ADNOC Drilling.
Following several years of depressing market conditions, offshore rig owners have started showing optimism about the market outlook, encouraged by a recent rise in oil prices and the expectations that the oil majors must start spending more on exploration after years of underinvestment.
Baker Hughes, a GE company, has been awarded a major stimulation and well-testing contract by Saudi Aramco.
Qatar is set to leave membership in the Organization of Petroleum Exporting Countries (OPEC).
Offshore Energy Today’s most popular news of the week.
Italian oil and gas explorer Eni, together with its French partner Total, has plans to explore to further explore for hydrocarbons in Cyprus, despite a recent setback when the company moved its drillship out of the Country amid Turkish objections.
Israel has launched its second bid round to grant exploration licenses for natural gas and oil in Israel’s economic waters in the Eastern Mediterranean.
Malaysia’s Sapura Energy has confirmed its subsidiaries Sapura Fabrication Sdn Bhd and Sapura Saudi Arabia, were selected to join Saudi Aramco’s Long-Term Agreement (LTA) programme.
Impending cyclical cost inflation could raise break-even costs in an otherwise healthy deepwater industry, energy analytics company Wood Mackenzie said in its latest report.
Saudi Arabian oil and gas giant Saudi Aramco has said it has this week signed $27.5 billion worth of deals with suppliers during its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam.
