Singapore’s SBI Offshore is in talks with an unnamed Middle East-Chinese consortium to build up to five jack-up drilling rigs. SBI Offshore last week secured a US$24 million contract to provide design and engineering services for a jack-up drilling rig that can operate in water depths of up to 110 m
Saudi Aramco, a national oil and gas company of Saudi Arabia, plans to invest $40 billion annually over the next ten years, the company’s CEO said at an industry conference. Speaking at the ONS 2014 conference in Stavanger, Norway, the company’s CEO Khalid A. Al-Falih, touched both, the bearish and
The latest spate of fleet status reports – with news of low dayrates and contract terminations – provide further evidence that being an offshore driller is just not fun right now, Zacks Equity Research writes in its blog. Year-to-date, shares of major companies have significantly underperformed the
Two platform evacuations, Gulf of Mexico lease sale, new rigs in Scotland and Qatar, huge FPSO deal, big oil discovery in Australia…
“Dukhan” is a high specification rig built to Keppel’s proprietary KFELS B Class design.
Topaz Energy and Marine , an offshore support vessel company, has announced a US$75 million new equity investment in the business from Standard Chartered Private Equity (“SCPE”), one of the world’s leading emerging market private equity investors. Under the terms of the investment, SCPE will inject
Lloyd’s Register has launched its new Rules for Offshore Units in one single document following an in-depth consultation with industry.
SBI Offshore Limited has secured a US$24 million contract to provide design and engineering services for a jack-up drilling rig that can operate in water depths of up to 110 meters. SGX Catalist-listed SBI Offshore said its wholly owned subsidiary, SBI O&M Pte. Ltd., signed the contract with a Middl
Fire on platform, FPSO sailaway, Unions take aim at oil giant, Green light for Canary drilling, Virtual tour of PSV, Murchison scrapping imminent,
Norway’s Uptime International has entered into contracts with MAC Offshore Dubai and Fujian Mawei Shipyard China for delivery of three active motion compensated gangways.
The report – ‘Spotlight on megaprojects’ examines the performance of 365 megaprojects and the impact on the oil and gas industry of these overruns.
Edward LaFehr, Chief Operating Officer, said: “We have seen a great performance during the first half. Record oil and gas production and strong prices have driven our EBITDA to its highest levels.”
Iran’s Petroleum Minister Bijan Namdar Zanganeh has rebuffed rumors of any agreement with Russia to buy Iran oil, after media reports of a $20 billion trade deal
DNV GL has signed agreements for the classification of two newbuilding jack ups with dynamic positioning – Vahana Aryan and Vahana Arjun. The units have been designed for Vahana Offshore (S) Private Limited of Singapore by GustoMSC and will be constructed by Eversendai Offshore RMC FZE, Dubai at t
