Saudi Aramco and McDermott have reached a milestone with McDermott breaking ground on its new fabrication facility within the King Salman International Complex for Maritime Industries and Services in Ras Al-Khair, Saudi Arabia.
ADNOC has decided to build on its position as one of the least carbon-intensive oil and gas producers in the world by expanding its CCUS program, according to Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of ADNOC.
Offshore Energy Today’s most popular news of the past week.
German multinational conglomerate Siemens has been awarded a contract by Arabian Drilling Company to modernize an offshore jack-up drilling rig for a customer in the Middle East.
Italian oil and gas major Eni has started drilling what is reportedly the first ever deepwater offshore exploration well in Oman’s waters.
Equipment and integrated engineering services company Sparrows Group has secured a contract to manufacture three cranes for Qatargas’ North Field expansion project.
Petrofac Emirates has been awarded two contracts, together worth around $1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates.
Offshore Energy Today’s most popular news of the past week.
Significant cost reductions have improved E&P cashflows and should drive increased offshore tendering activity in 2020 with pricing expected to remain competitive, according to market research provider Westwood Global Energy Group.
UAE-based offshore oil rig builder Lamprell and digital twin solutions provider Akselos have signed an exclusive memorandum of understanding to collaborate on digital projects.
The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic and an international level, reducing demand for oil.
Offshore telecommunication services provider RigNet has signed a long-term agreement with offshore driller Northern Offshore to provide various services to its fleet of rigs in the Middle East.
OPEC has recommended extending oil production cuts until the end of 2020 due to the negative impact of the coronavirus outbreak on global oil demand.
Offshore Energy Today’s most popular news of the past week.
