Rowan Companies, a Houston-based drilling contractor, has sold two jack-up drilling rigs effective July 1, 2015. In addition, Rowan has signed several new contracts and contract extensions. Namely, the Rowan Alaska and the Rowan Juneau have been retired from service as drilling units as the company
After 10 years of diplomatic negotiation, the UN P5+1 countries (the US, the UK, France, China, Russia and Germany) have reached an agreement to unwind economic sanctions on Iran in return for significant international control and surveillance over its nuclear activities. The long-awaited deal will
Vallianz Holdings Limited, a provider of offshore support vessels, has signed new contracts valued up to $458 million that has lengthened the charter duration for 19 of its offshore support vessels (OSV) currently deployed to an existing customer in the Middle East. According to Vallianz’s press rel
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Polarcus has recently completed a comprehensive verification process of its emissions monitoring system in collaboration with specialists from DNV GL, the international certification body and classification society. A weeklong verification process involving experts from DNV GL and Polarcus was recen
STATS Group has won a ten year Emergency Pipeline Repair System (EPRS) contract, worth over $10 million by a major LNG operator in the Middle East. Under the contract, the pipeline engineering group will design, manufacture and test pipeline isolation and intervention equipment for a range of pipeli
Sinopacific Shipbuilding Group has recently won the bid for the construction of nine anchor handling tug and supply (AHTS) vessels for Abu Dhabi National Oil Company (ADNOC) and its subsidiary, ESNAAD. As stated in Sinopacific’s press release, ADNOC firstly launched bids for this new-building projec
ABB, power and automation technology group, has received orders worth around $100 million, from Hyundai Heavy Industries for electrical and telecommunication systems to be supplied for an oil field project offshore Abu Dhabi. According to the company, the order was about half booked in the last quar
Global powers and Iran have today in Vienna reached what has been described as a historic deal, where Iran agreed it would scale down its nuclear program, in return for the crippling economic sanctions being eased and eventually lifted against the oil and gas rich Middle Eastern nation. According to
Paragon Offshore, a provider of offshore drilling rigs, has stacked two jack-up drilling rigs, one in Malaysia and another one in Cameroon, and it will be stacking four jack-ups in the U.S. Gulf of Mexico. Namely, Paragon Offshore stacked the jack-up rig Paragon L785 in Malaysia. The rig was previou
Genel Energy has reshuffled its management positions announcing new Chairman and CEO. The company has said that its Chairman Rodney Chase has resigned, making way for Tony Hayward, who will in turn set free his CEO position for Murat Özgül, previously President, Turkey and KRI. Özgül has also been a
Singapore’s Vallianz, a provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has won a time charter valued at up to $300 million to supply two self-elevating platforms. Vallianz has said that the contract is with an existing customer in the Middle East. I
Qatargas has signed an Incident Assistance Agreement with ConocoPhillips in order to further enhance its Response Management System. Qatargas expects the agreement to improve its technical expertise to effectively respond to an emergency incident. “The first and foremost goal of Qatargas is to opera
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