Oceaneering has been awarded a considerable asset integrity contract from a major operator based in Dubai, UAE.
U.S. engineering and construction services company McDermott International has been awarded a sizeable contract from a Middle East customer to carry out front-end engineering and design (FEED) work for offshore riser platform topsides.
Hydrogen has surged up the priority list of many oil and gas organizations, taking a primary position in the sector’s decarbonization efforts, according to a new report by DNV GL.
Shelf Drilling booked a loss of $185 million in the first quarter of 2020 due to rig impairment charges and is taking actions to reduce costs and preserve liquidity amid challenging market situation.
Engineering and management services provider Penspen has been awarded a contract by Target Engineering Construction for slug catcher replacement support on a project on Zirku Island in the United Arab Emirates.
Oil giant Saudi Aramco has suspended the contract for one of Noble Corporation’s offshore drilling rigs.
Kotug has completed the 100 per cent acquisition of Marsol, an offshore and marine terminal service centre specialized in offshore single point mooring (SPM) buoy terminals and its related infrastructure.
Abu Dhabi-based Gulf Marine Services (GMS) has turned down a USD 32 million takeover offer from Seafox International saying that the offer ”fundamentally undervalues GMS”. As reported earlier, Seafox submitted an unsolicited and non-binding possible cash offer for the entire issued and to be issued
The worldwide offshore rig count in April 2020 has dropped 28 rigs year-over-year and 19 rigs sequentially, according to rig count reports by Baker Hughes Company.
Borr Drilling has decided to sell two jack-up rigs for total cash proceeds of $15.8 million.
ADNOC and ADPower have issued a joint tender to develop and operate the MENA region’s first HVDC subsea transmission system. The system will connect ADNOC’s offshore production facilities to ADPower’s onshore electricity grid. The project should as a result reduce the carbon footprint of ADNOC’s off
The last two modules for Equinor’s Johan Castberg FPSO turret mooring system have sailed away from Dubai to Singapore.
State-run Qatar Petroleum said Wednesday it has entered into a deal to reserve LNG ship construction capacity in China as part of ongoing North Field expansion projects. QP signed the deal with Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation. The deal potentially worth m
Exploration plans are being redrawn and the well count is expected to drop by as much as 35 per cent on 2019 levels due to the “double whammy” of the oil price collapse and COVID-19 pandemic, according to market research provider Westwood Global Energy Group.
