Saipem has landed a new set of contract awards for work at oil and gas fields off the coast of Saudi Arabia, which the Saudi energy giant Aramco operates.
Singapore-based shipbuilder Strategic Marine has delivered two fast crew boats (FCBs) to the UAE’s ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC).
Shelf Drilling has pushed its total contract backlog to $2.1 billion at the end of the second quarter of 2024.
Dubai-headquartered offshore drilling contractor Shelf Drilling has gone through a management reshuffle as three positions – Chief Executive Officer (CEO), Executive Chairman, and Lead Independent Director – have been filled with members who have previously fulfilled other roles at the company.
ADNOC has signed a long-term heads of agreement (HOA) with Japan’s Osaka Gas for LNG supply mainly originating from its Ruwais LNG project.
ADNOC has harnessed the power of advanced digital solutions to raise the production bar at one of its oil fields off the coast of Abu Dhabi, UEA.
Saipem has expanded the subsea pipeline offering by revamping an existing technology, created by the U.S.-based United Pipeline Systems (UPS).
The ongoing efforts to expand black gold production from Qatar’s largest offshore oil field have been bolstered with the entrance of the American Bureau of Shipping (ABS).
Chevron and its partners in a giant natural gas field off the coast of Israel have greenlighted a multimillion-dollar investment to start the ball rolling on the front-end engineering design (FEED) phase for the proposed expansion of the gas export capacity from this Mediterranean field.
UAE-based Gulf Marine Services (GMS), a provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sector, has sealed a deal with three banks to refinance its bank debt.
South Korea’s Hanwha Ocean is on track to send off a fixed platform to its final destination where it will be installed at Qatar’s largest offshore oil field.
Technip Energies has completed all its contractual obligations for the second phase of an offshore oil field in the Arabian Gulf, 30 km northwest of Abu Dhabi, UAE.
With two of the world’s top five floating rig contractors merging into one, the market consolidation trend is ripe for further such moves, bringing the possibility of transformation endeavors in existing business models and a potential shift in offshore rig supply and demand dynamics.
In pursuit of further growth and diversification, Helmerich & Payne (H&P) has embarked on a business combination with KCA Deutag.
