The worldwide offshore rig count in January 2020 has dropped by 14 units sequentially but rose by two units year-over-year, according to a rig count report by Baker Hughes Company.
Italian oilfield contractor Saipem has been awarded several EPCI contracts in various countries around the world worth over $500 million.
Demand from the world’s top oil companies for floating drilling units is set to rise through 2020 and 2021, according to Norwegian energy research and consultancy firm Rystad Energy.
KBR has been awarded a major project management consultancy (PMC) services contract by Abu Dhabi National Oil Company (ADNOC) for the Ghasha Concession portfolio of projects.
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Al Yasat, a joint venture between UAE’s ADNOC and China’s CNPC, has started first oil production from the Bu Haseer 2 offshore platform in Abu Dhabi.
Energean plans to start drilling the Zeus exploration well, located offshore Israel, in March this year.
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ADNOC has signed a strategic framework agreement with Italy’s energy company, Eni, to explore new opportunities for collaboration in carbon capture utilization and storage.
Gulf Marine Services (GMS) has been awarded a five-year contract for maintenance services as an enhanced extension to an existing vessel contract.
ADES International, an oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has secured a contract renewal for the Admarine 261 jack-up rig in Saudi Arabia.
UAE-based offshore oil rig builder Lamprell has won a formal award from International Maritime Industries (IMI) for the fabrication and delivery of two jack-up drilling rigs for ARO Drilling.
Offshore Energy Today’s most popular news of the past week.
Exploration and production company Masirah Oil has raised $21.5 million for drilling of the Yumna appraisal well offshore Oman.
