Offshore rig builder Lamprell has reached a settlement with Cameron, a subsidiary of Schlumberger, regarding issues with jacking equipment supplied by Cameron in 2016 for the Ensco 140 jack-up rig. To remind, Lamprell’s delivery of the Ensco 140 jack-up rig was delayed in June 2016 due to a technica
U.S. engineering and construction services firm KBR has entered into a memorandum of understanding (MoU) with Saudi Aramco to expand and develop its services for the Saudi oil company. KBR said on Wednesday that the deal with Saudi Aramco was in line with the Kingdom of Saudi Arabia’s localization o
Oil giant Saudi Aramco has signed contracts that will mark the start of works on what is going to be the giant maritime complex known as King Salman International Complex for Maritime Industries and Services in Ras Al-Khair. The company signed a contract with a consortium comprising Saudi Archirodon
Italian offshore and onshore oilfield services provider Saipem has leased a space in the Hamriyah Free Zone, UAE, in an effort to expand its services in the region. Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority (HFZA) and Sharjah Airport Free Zone (SAIF Zone) late in July signed a
The international offshore rig count for July 2017 dropped by 22 units year-over-year, Baker Hughes, a GE company, said in its monthly report on Monday. Namely, according to Baker Hughes’ report, the international offshore rig count for July 2017 was 204, up 7 from the 197 counted in June 2017, and
Now that half the year has passed, a review of offshore project sanctioning might be timely.
The Abu Dhabi National Oil Company (ADNOC) is in advanced discussions with more than a dozen potential partners who have expressed a significant interest in the offshore concession, currently operated by the Abu Dhabi Marine Operating Company (ADMA-OPCO), that expires next March. The potential partn
The most popular articles of the week July 31 – August 6, 2017.
Seismic services player Polarcus posted a bigger loss for the second quarter 2017 period compared to a year ago while recording a little over half the revenues it booked last year. The Oslo-listed geophysical company on Friday posted a net loss of $33.7 million for this year’s second quarter as oppo
Borr Drilling, a recently established offshore drilling company, has appointed a new chief executive officer (CEO) of the company. The company said last Friday that it chose Simon Johnson as the new CEO. Johnson most recently served as a senior vice president of marketing & contracts at another offs
The most popular articles of the week July 24 – 30, 2017.
Ensco, one of the world’s largest drilling contractors, posted a $45.6 million net loss for the second quarter 2017, a steep drop compared to the $590.6 million profit in the same quarter a year ago. Revenues in the second quarter of 2017 were $458 million, compared to $910 million a year ago. Exclu
Schlumberger, the world’s largest oilfield services provider, has been awarded a contract by Noble Energy for the provision of a measurement and control system for the Leviathan project offshore Israel. Schlumberger said in its second quarter financial report last Friday that the valves and measurem
Oil behemoth Saudi Aramco is reportedly set to award contracts to increase the security of its offshore oil and gas installation. Reuters on Monday reported, citing unnamed sources, that the oil company has already received bids from the likes of Raytheon, Rheinmettal, and General Dynamics for defen
