The UAE-headquartered Gulf Marine Services (GMS) has won two new deals for one of its small-size class vessels.
BP and ADNOC have made a non-binding offer to take NewMed Energy private through an acquisition of the free float and a partial acquisition of Delek’s stake.
IEA: More than 140 new CCUS projects were announced, ramping up planned storage capacity by 80 per cent, and capture capacity by 30 per cent.
With the oil and gas sector in high demand, Shelf Drilling is envisioning further offshore drilling market improvements, especially within the jack-up segment.
A 300-ft jack-up drilling rig built by CIMC Raffles has joined the fleet of Italy’s contractor Saipem, following a naming ceremony in China ahead of a five-year contract in the Middle East.
Since the introduction of G7 oil price cap for Russia’s crude oil and refined products there have been speculations on Russia’s so-called shadow fleet being used to evade sanctions. Russia has repeatedly stated that it will not work with the price cap, but the vast majority of seaborne Russian oil s
Shell remains the world’s most valuable oil and gas brand for the ninth consecutive year, however, Aramco is closing the gap.
Westwood has advised buyers to be mindful of exploration farm-outs, after analysing the results of 419 high-impact exploration wells drilled outside the U.S. and Canada between 2017 and the end of October 2022.
With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, says Rystad Energy.
Aramco has posted its highest annual profit ever as a listed company, totalling $161.1 billion, amid high demand, tight supply and elevated oil and gas prices.
Energean has achieved the first gas from a well located offshore Egypt while the remaining wells are expected to come online later this year.
The United Nations Development Programme (UNDP) signed an agreement with tanker owner EURONAV Luxemburg to buy a very large crude carrier (VLCC), as part of the UN-coordinated operation to remove more than one million barrels of oil from a decaying tanker off Yemen’s Red Sea coast. The new vessel to
Westwood says offshore rig scrapping is at its lowest level in years, as the offshore drilling market’s recovery intensifies.
Baker Hughes’ international rig count report shows that the number of offshore rigs took a downturn in February 2023, slipping by 4 units, compared to last month.
