Engineering and management services provider Penspen has been awarded a project management consultancy (PMC) framework agreement from the Abu Dhabi National Oil Company (ADNOC).
Offshore Energy Today’s most popular news from the past week.
The European Commission has approved the creation of a joint venture between subsidiaries of oil giant Saudi Aramco and South Korean rig and shipbuilder Hyundai Heavy Industries.
The global oil and gas industry has seen a substantial boost from contract activity in the Middle East resulting in contract value of $44.4 billion in Q3 2019, according to data and analytics company GlobalData.
Israel’s giant Leviathan gas field is set to start producing gas in December 2019, as the construction works on the offshore project are nearing completion.
The worldwide offshore rig count in October 2019 decreased by two units sequentially, but increased by 37 units year-over-year, according to reports by Baker Hughes Company.
Abu Dhabi has become the world’s sixth-largest nation by oil and gas reserves, Abu Dhabi’s Supreme Petroleum Council announced at a meeting earlier this week. The SPC announced increases in the country’s hydrocarbon reserves of 7 billion STB of oil and 58 TSCF of conventional gas, moving the UAE fro
Masirah Oil has awarded a drilling rig contract to Foresight Offshore Drilling to use one of its jack-up rigs for an appraisal well in Block 50 in Oman.
Offshore drilling contractor Pacific Drilling has secured more work for a drillship working in the Gulf of Mexico and a new deal for a drillship in Oman.
Seismic services provider Polarcus returned to profit in the third quarter of 2019 on the back of improved pricing and operational performance. Polarcus said on Tuesday it had recorded revenues of $103.4 million, an increase of 19% compared to 3Q 2018 and revenues of $87 million, driven by the incre
Gulf Marine Services has been awarded a four-year contract for a K-Class (Small) vessel in the Middle East.
Sparrows Group has doubled the size of its operations in the United Arab Emirates after securing £55 million ($71M) in contracts over the past three months.
The IPO could be a record-breaking one, surpassing Alibaba’s 2014 $25B IPO
U.S. company Noble Energy and Israel’s Delek, and Egypt’s EGAS are nearing the completion of the acquisition of a gas pipeline linking Israel and Egypt, which will serve as a transport route for gas from Israel’s Tamar and Leviathan offshore gas fields to Egypt.
