U.S. oil major Chevron has exercised an option for the Pacific Drilling-owned drillship Pacific Sharav, operating in the U.S. Gulf of Mexico.
Noble Energy and its partners Delek and Ratio have met all conditions precedent for the export of natural gas to Egypt from the Leviathan and Tamar gas fields offshore Israel.
The Leviathan is expected to be brought online this month.
Offshore Energy Today’s most popular news from the past week.
Energy projects that need oil prices above $60 per barrel in order to break even risk being uncommercial going forward, according to Rystad Energy. However, massive investments in exploration and sanctioning are still needed to meet growing global demand.
Saudi Arabia together with other OPEC members and Russia have decided on deeper production cuts for the first quarter of next year as part of an attempt to prevent oversupply and support oil prices.
Ali & Sons Marine Engineering Factory (ASMEF), the UAE-based company catering to the marine and oil & gas industry, together with the Rosetti Marino Group, an Italian EPC contractor, have recently joined forces to form a new UAE-based company under the name of Rosetti-Ali & Sons. With both companies
Offshore Energy Today’s most popular news from the past week.
The worldwide offshore rig count in November 2019 increased by four units sequentially and 41 units year-over-year, according to reports by Baker Hughes Company.
Norwegian offshore vessel owner Solstad Offshore has been awarded several contracts in the Middle East and Mediterranean.
Barring additional oil production cuts by OPEC in 2020, Norwegian energy intelligence company, Rystad Energy, forecasts a substantial build of global crude stocks and a corresponding drop in oil prices.
Offshore Energy Today’s most popular news from the past week.
Offshore oilfield contractor Gulf Marine Services (GMS) has won a firm 15-month contract plus options for one of its E-Class (Large) vessels.
Qatar Petroleum has announced the completed fabrication of the first two jackets required for offshore facilities as part of its North Field Expansion (NFE) Project aimed to further develop one of the world’s largest offshore gas fields.
