Brent oil price rose to $71 a barrel early on Thursday, a level not seen since late 2014
McDermott has been awarded a large contract from Saudi Aramco for the engineering, procurement, construction and installation of 13 jackets in the Zuluf, Marjan, Berri and Abu Safah fields, offshore Saudi Arabia.
Oil major ExxonMobil has been named the 2017 Explorer of the Year by the World Oil and Gas Council.
OPEC and Non-OPEC countries have achieved record-breaking levels of conformity with production adjustments during December 2017.
Kotug has recently named what it claims to be the world’s biggest Rotor tug ART 100-46 in Sharjah, UAE.
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DNV GL – Oil & Gas has appointed a new regional manager for continental Europe, Eurasia, Middle East, India, and Africa.
Odfjell Well Services has signed a contract with Kuwait Oil Company to provide tubular running services, downhole drilling tools, drillpipe, pressure control and wellbore clean up equipment.
Japanese offshore drilling company JDC has informed that two of its drilling rigs have started drilling operations for clients in the Middle East and Malaysia.
Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels (SESVs) to the offshore oil, gas and renewable energy sectors, has made some changes to its existing bank facility agreement.
The most popular news of the past week.
ADES rigs keep working offshore Egypt
Offshore drilling contractor Borr Drilling has appointed a new member to its board of directors.
Gulf Marine Services (GMS) has been awarded contract extensions for two of its vessels.
