Available assets, lack of capital, and sluggish fundamental market improvement are keeping rig values under pressure
Sparrows Group has been awarded its first contract with Qatar Petroleum to provide crane maintenance services on the PS-1 platform – located in the Idd El-Shargi field, North Dome, 85 kilometres east of Doha.
Offshore drilling contractor Shelf Drilling has secured a three-year contract extension for the High Island VII jack-up rig.
Shelf Drilling has secured contract extensions for four of its jack-up drilling rigs.
The worldwide offshore rig count in September 2019 decreased by four units sequentially, but increased by 43 units year-over-year, according to reports by Baker Hughes, a GE company.
State-owned Qatar Petroleum has assumed the management and operatorship of the Idd El-Shargi North Dome (ISND) and Idd El-Shargi South Dome (ISSD) offshore oil fields.
The Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) have signed a memorandum of understanding to strengthen cooperation in research and the sharing of best practices.
The most popular news on Offshore Energy Today last week.
More gas from Leviathan, less from Tamar.
Offshore Energy Today’s most popular news from the past week.
ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has completed its first offshore integrated drilling services well in Abu Dhabi’s Umm Lulu offshore oilfield.
German oil and gas giant Wintershall Dea is reportedly thinking about withdrawing from Libya, where it has been operating since 1958, amid challenging conditions.
Abu Dhabi’s ADNOC Offshore has awarded a $220 million contract to the U.S. oilfield services provider Weatherford for the provision of directional drilling services.
Israeli oil and gas company Delek has received an offer from an unnamed investor for a potential investment of up to $250 million into its North Sea focused subsidiary Ithaca Energy.
