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Oil & Gas

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Illustration; Source: Arabian Drilling
Oil & Gas

With suspension of 12 more jack-ups, rig pool in Middle East narrows down

ADES, COSL, and Arabian Drilling have joined the rig owners that have confirmed a temporary suspension of operations for one or more rigs in the Middle East.

about 2 years ago
Arabia I jack-up rig; Source: Borr Drilling
Oil & Gas

Aramco hands out 12-month jack-up rig suspension to Borr Drilling

Borr Drilling has received a notice of temporary suspension of operations for one of its jack-up rigs working for Aramco.

about 2 years ago
Valaris 143 jack-up rig; Source: Valaris
Oil & Gas

Valaris jack-up rig’s gig with Aramco suspended

Valaris has confirmed the receipt of a suspension for one of its 19 contracted rigs working for Saudi Arabia’s Aramco.

about 2 years ago
Harvey H. Ward jack-up rig is currently working in Middle East for Aramco (for illustration purposes); Source: Shelf Drilling
Oil & Gas

Suspension of gigs for four jack-up rigs deals a blow but Shelf Drilling’s fleet outlook still ‘optimistic’

Shelf Drilling has acknowledged the issues arising from a suspension of operations for four jack-up rigs in the Middle East.

about 2 years ago
Illustration; Source: QatarEnergy
Oil & Gas

Mega LNG fleet expansion rises to 104 vessels after QatarEnergy strikes deal with four shipowners

The second phase of QatarEnergy’s giant shipbuilding program has surpassed the 100 mark, reaching 104 conventional LNG vessels.

about 2 years ago
Energy Emerger jack-up rig; Source: Northern Offshore
Oil & Gas

Jack-up rig kicks off multi-well offshore drilling campaign in Oman

Masirah Oil, a subsidiary of Singapore’s Rex International, has embarked on a multi-well drilling program at a field off the coast of Oman.

about 2 years ago
Oil block offshore Abu Dhabi starts producing
Oil & Gas

Offshore block near Abu Dhabi starts oil production

UAE energy giant Abu Dhabi National Oil Company (ADNOC) has started crude oil production from its Belbazem offshore block, helping meet growing demand for Abu Dhabi’s lower-carbon intensity oil and gas. The block, operated by Al Yasat Petroleum, a joint venture between ADNOC and China National Petro

about 2 years ago
Illustration; Source: Energy Industries Council (EIC)
Oil & Gas

Widening chasm between reality and ambitions endangers net zero targets

The rift between the current energy landscape and greener desires continues to expand, putting global net zero targets in peril.

about 2 years ago
FPSO Energean Power; Source: Energean
Oil & Gas

Energean awaits 30-year production license ahead of sanctioning phased gas development offshore Israel

Energean is looking forward to receiving a 30-year production license soon for an area where a string of gas discoveries was made in 2022.

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Oil & Gas

Fossil fuels’ 75% methane cuts by 2030 come with $170 billion price tag

A new IEA analysis emphasizes the need for more action to bring forth the required emission reductions by 2030.

about 2 years ago
MethaneSAT Data Rendering; Credit: MethaneSAT
Oil & Gas

Brand-new satellite with ‘superpower’ to gauge methane goes live – gallery

A satellite has been launched to glean insight into methane emissions, focusing first on oil and gas operators.

about 2 years ago
ADNOC
Oil & Gas

Deployment of over 30 AI tools brings ADNOC $500 million while slashing emissions

ADNOC has used more than 30 AI solutions across its full value chain to curb its emissions footprint while generating $500 million in value during 2023.

about 2 years ago
Tekmar
Oil & Gas

Tekmar says 2023 pivotal year, despite instability in offshore wind market

Tekmar Group has reported improved financial performance for the 2023 financial year with a revenue of £39.9 million, compared to £30.2 million in FY22. Deemed a pivotal year that saw instability in the offshore wind market, Tekmar said it had stabilized the business in 2023. Tekmar saw an adjusted

about 2 years ago
Illustration; Source: Saudi Aramco
Oil & Gas

Viasat and Aramco join forces for ‘first maritime trial’ of 5G mesh network

Inmarsat Maritime, a Viasat company, has signed a memorandum of understanding (MoU) with Saudi Arabia’s oil and gas giant Aramco to perform what is said to be the world-first 5G mesh network trial for the Saudi energy player’s offshore projects in the Arabian Gulf. The goal is to enable high-speed c

about 2 years ago
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