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Oil & Gas

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Energean Power FPSO
Oil & Gas

Energean starts flow testing at Karish gas field

Energean has achieved a milestone in the commissioning process of its Energean Power FPSO on the Karish gas field

about 4 years ago
Stena IceMax; Source: Stena Drilling
Oil & Gas

Energean hits gas discovery in waters off Israel

Energean has made a gas discovery with the Hermes exploration well offshore Israel and has moved on to drill the next well in the campaign.

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about 4 years ago
IMI - Lamprell
Oil & Gas

Lamprell cheers key milestone on second jack-up for Saudi yard

Lamprell and International Maritime Industries (IMI) have announced the completion of the load-out and float-off of the second jack-up rig being constructed for IMI.

about 4 years ago
Valaris 76 jack-up rig
Oil & Gas

Valaris strikes deals with total backlog of $95 million

Valaris has secured new contract extensions for a drillship and four jack-up rigs with a contract backlog of $95 million.

about 4 years ago
In focus: Are countries caught between energy security and net-zero pledges?
Oil & Gas

In focus: Balancing act between energy security and net-zero goals

The global energy crisis has forced nations around the globe to ponder whether they need to pick between energy security and net-zero goals. Can both be obtained simultaneously? This is the question on everyone’s mind.

about 4 years ago
NewMed Energy - Capricorn
Oil & Gas

UK’s Capricorn to merge with Israel’s NewMed instead of Tullow

NewMed Energy has entered into a merger agreement with Capricorn Energy, which will see Capricorn abandon its plans to combine with Tullow.

about 4 years ago
GMS capitalises on increasing vessel demand and higher rates with another MENA deal
Oil & Gas

GMS capitalises on increasing vessel demand and higher rates with another MENA deal

Gulf Marine Services (GMS) has won a new contract with an increased day rate for a large-size class vessel and a small-size class vessel.

about 4 years ago
Germany and UAE reinforce energy partnership
Oil & Gas

Germany and UAE reinforce energy partnership

Germany and the United Arab Emirates (UAE) have entered into a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the two countries in energy security, decarbonisation and climate action. The agreement was signed by Sultan Ahmed Al J

about 4 years ago
GMS Evolution vessel (for illustration purposes); Source: GMS
Oil & Gas

UAE player’s new MENA deal reflects growing demand and higher rates

UAE-headquartered Gulf Marine Services (GMS) has secured a new long-term contract for one of its large-size class vessels.

about 4 years ago
Two new rigs to join ‘one of the largest operating jack-up fleets in the world’
Oil & Gas

Two new rigs to join ‘one of the largest operating jack-up fleets in the world’

ADNOC Drilling has inked a deal to purchase two additional premium jack-up rigs and hinted at further acquisitions in the pipeline.

about 4 years ago
Energean - Abu Qir concession in Egypt.
Oil & Gas

Gas production starts from new well off Egypt

E&P company Energean has announced a new gas production from the Abu Qir concession located offshore Egypt.

about 4 years ago
New Dutch donation to bridge funding gap, allowing UN to embark on salvage ops for ‘ticking timebomb’ in Red Sea
Oil & Gas

New Dutch donation to bridge funding gap for UN’s salvage ops in Red Sea

With additional funds from the Netherlands, the UN may be able to start the salvage operation to prevent a major oil spill in the Red Sea.

about 4 years ago
Stena Forth drillship
Oil & Gas

Chevron and partners prepare investment for Aphrodite gas field as Cyprus and Israel push for swift resolution of reservoir dispute

Oil major Chevron and its partners in the Aphrodite gas field off Cyprus have allocated funds for the drilling of an appraisal well and other development costs for the project.

about 4 years ago
Aramco CEO calls for ramp up of oil & gas investments and ‘more credible’ transition plan to tackle energy security challenges
Oil & Gas

Aramco CEO calls for investments in oil & gas and ‘more credible’ energy transition plan

Ramp-up of oil & gas investments and a new energy transition plan are required for a secure and sustainable energy future, says Aramco’s CEO.

about 4 years ago