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Oil & Gas

ADNOC Drilling expands its offshore rig fleet with two more jack-ups

ADNOC Drilling is acquiring two new premium offshore jack-up drilling rigs, as part of its fast-tracked fleet expansion programme.

about 3 years ago

Illustration; Source: American Petroleum Institute (API)

Oil & Gas

Natural gas hailed as backbone of energy mix with security of supply and decarbonisation vying for attention

Natural gas is still forecasted to play a crucial role and act as a trump card while the world embraces the race to net-zero.

about 3 years ago

Noble Highlander jack-up rig (for illustration purposes); Source: Noble Corporation

Oil & Gas

May brings upsurge in international offshore rig count activity

Baker Hughes’ international rig count report indicates that the number of offshore rigs was on an upward trajectory in May 2023.

about 3 years ago

Illustration; Source: Offshore Energies UK (OEUK)

Oil & Gas

Can oil & gas lend a helping hand in bridging the skills gap in emerging offshore energy sectors?

The offshore energy industry is facing an ever-increasing energy skills gap regarding workers spearheading the transition to green sources.

about 3 years ago

Oil & Gas

Boskalis on the cusp of starting inspection work to ward off oil spill threat from decaying tanker

Boskalis is getting ready to start a thorough inspection of a rapidly decaying FSO vessel moored off the Red Sea coast of Yemen.

about 3 years ago

Illustration; Source: International Energy Agency (IEA)

Oil & Gas

Spending on solar on the brink of surpassing oil investments for the first time ever, says IEA

The clean energy investment is now extending its lead over fossil fuels, boosted by energy security strengths, highlights the IEA.

about 3 years ago

Oil & Gas

Shell gives three-year deal for its global projects to Worley

Shell Global Solutions International has picked Australia’s engineering company Worley to support its projects across the globe.

about 3 years ago

Illustration; Source: The International Renewable Energy Agency (IRENA)

Oil & Gas

Repurposing oil & gas infrastructure to harness offshore wind power

Converting oil and gas infrastructure for use in the offshore wind industry would slash installation costs for renewable energy operators.

about 3 years ago

Oil & Gas

In focus: Will the hydrogen rainbow chase away fossil fuels’ clouds?

The global energy players are burning the midnight oil in pursuit of low-carbon solutions to curb emissions and enrich the energy mix.

about 3 years ago

Modular offshore platform; Source: Aquaterra Energy

Oil & Gas

In with green hydrogen, out with black gold: Will this be a blueprint for the Middle East’s energy transition or is there something else in store?

The Middle East is pivoting towards renewables and green hydrogen while building a more sustainable oil and gas sector.

about 3 years ago

Shelf Drilling Victory, formerly known as Deep Driller 7; Source: Aban Offshore

Oil & Gas

Shelf Drilling CEO: Rising rig demand in Asia to propel day rates to new heights

Shelf Drilling has boosted its backlog further during the first quarter of 2023, despite experiencing a sequential decline in revenue.

about 3 years ago

Oil & Gas

U.S. takes steps to boost naval presence, as Iran gets its hands on another oil tanker

To put a stop to Iran’s recent vessel seizures, the U.S. is going to bolster naval patrols in and around the Strait of Hormuz.

about 3 years ago

Deepsea Bollsta rig, formerly known as West Bollsta; Source: Odfjell Drilling

Oil & Gas

International offshore rig count slips a notch

Baker Hughes’ international rig count report indicates that the number of offshore rigs lost its forward momentum.

about 3 years ago

Oil & Gas

Iran seizes 2nd VLCC in the Strait of Hormuz

Panama-flagged oil tanker Niovi was seized by Iran’s Islamic Revolutionary Guard Corps Navy (IRGCN) while transiting the Strait of Hormuz on May 3, the U.S. Navy said. The 309,300 dwt VLCC, built in 2005, is owned by Liberia-based Grand Financing Co, on behalf of Greek Altomare, and managed by Smart

about 3 years ago