Offshore drilling contractor Noble Corporation has been awarded a contract for a jack-up rig in Australia. In its latest fleet status report on Thursday, the driller said that the 2014-built jack-up drilling rig Noble Tom Prosser has been awarded a contract with PTTEP offshore Australia. The contrac
Lamprell, a UAE-based provider of fabrication, engineering and contracting services to the oil & gas industry, has appointed a new non-executive director to its board of directors Lamprell said on Friday that Nicholas “Nick” Garrett was the latest addition to the company’s board with immediate effec
The Abu Dhabi-based oil and gas exploration and production company Mubadala Petroleum has appointed a new chief executive officer. Mubadala Petroleum said on Sunday that Bakheet Al Katheeri would succeed Musabbeh Al Kaabi as the CEO of the company. Al Kaabi is leaving the company to head the new Pet
The most popular articles of the week
Packed full of jackup rigs which owners don’t want to take delivery of, shipyards are doing little to help their situation. They could benefit from a more commercial approach. By David Carter Shinn As we noted in our previous article, 107 jackup rigs are sitting at yards with yards and owners cont
Geophysical company Magseis has, together with its partner BGP, been awarded an extension to the ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data block in the Red Sea. According to the company’s statement on Friday, the project has an expected duratio
Engineering company CH2M has signed a framework agreement with Shell to provide engineering, procurement, construction and project management services across upstream, integrated gas, and downstream projects globally. This is in line with continuing efforts to make transformational improvements in c
By Edmund Blair LONDON (Reuters) – Oil prices climbed more than $1 on Wednesday, lifted by a surprise drawdown in U.S. inventories and data from the International Energy Agency (IEA) suggesting OPEC cuts should create a crude deficit in the first half of 2017. “For those looking for a rebalancing of
The operator of the giant Leviathan gas field offshore Israel, Noble Energy, will drill another development and production well at the field, the Leviathan-7. Noble Energy holds 39.66% stake at the Leviathan gas field. Its partner Avner Oil Exploration has 22.67% interest, Delek Drilling owns 15%, a
Atlantic Navigation, a provider of marine logistics services, has, through its country representative in the Middle East, been awarded a $44 million charter contract for its liftboat, the AOS Maintainer I. The contract was awarded by a Middle Eastern National Oil Company (NOC). According to Atlantic
By Aaron Sheldrick TOKYO (Reuters) – Crude oil prices hovered near three-month lows on Tuesday, with investors waiting for key reports and data that may shed light on a supply overhang in the global market. U.S. West Texas Intermediate crude (WTI) <CLc1> was down 7 cents at $48.33 a barrel, as of 07
The most popular articles of the week.
By Aaron Sheldrick TOKYO (Reuters) – Crude prices inched up on Friday after dropping to their lowest in more than three months the session before, pressured by concerns that a global supply glut is proving stubbornly persistent. U.S. West Texas Intermediate crude (WTI) <CLc1> was up 17 cents, or 0.4
While delivery dates for the 107 jackups under construction get pushed back toward 2020, the path to achieving deliveries couldn’t be more obstructive. By David Carter Shinn Last week, COSCO Shipyard announced that it “sees no notable upturn in the global market any time soon” and will close three
