The way to secure the funds to complete the operation in full hangs in the air with around $20 million still missing.
Shelf Drilling has revealed higher revenue for 2Q 2023, compared to 1Q 2023, driven by higher day rates and effective fleet utilisation.
Borr Drilling has secured letters of award (LOA) for two premium jack-up drilling rigs, which increase the company’s firm backlog by approximately 421 days, excluding optional periods.
Qatar’s energy sector is positioned for further growth, solidifying the country’s position as the world’s top exporter of LNG.
Transocean has won a bundle of new contracts and extensions in Mexico, Australia, Norway, Lebanon, and the East Mediterranean Sea.
With the demand for black gold still going strong, Europe has replaced Russian oil barrel for barrel by importing more from other producers.
A new report says closer dialogue between producers and consumers is required to ensure security of gas supply while curbing emissions.
Sparrows Group has secured a long-term crane replacement contract with an undisclosed player in the Middle East.
The installation of the much-anticipated South Pars (SP) Phase 11 platform has been completed in the Persian Gulf.
Gas has solidified its position at the top of the energy pyramid, thus, the pursuit for more natural gas and LNG is in full swing.
McDermott has won a “major” contract with Qatargas to deliver engineering, procurement, construction, and installation (EPCI) for a subsea pipeline and cable project. McDermott will deliver EPCI for the North Field Production Sustainability (NFPS) Offshore Fuel Gas Pipeline and Subsea Cables Project
Baker Hughes’ international rig count report shows that the number of offshore rigs experienced a downward trend in June 2023.
Salvage operations to transfer the oil from a rapidly decaying FSO, moored off Yemen, to a safe vessel are expected to start soon.
Italy’s oilfield services provider Saipem has secured new contracts, which are worth approximately $1 billion.
