ADNOC has awarded a deal to SNC-Lavalin for its offshore ops power project, which is expected to spearhead its decarbonisation efforts.
Surging oil, gas and power prices together with the EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult global energy spending this year to $2.1 trillion, Rystad Energy research shows.
A notable update relates to a Valaris drillship contract in the Gulf of Mexico, which has now been novated from TotalEnergies to Equinor.
The European Union members have announced a new, fifth round of sanctions against Russia and its businesses due to the war in Ukraine.
Saipem has been awarded new contracts in offshore drilling in the Middle East and in West Africa for a total amount of over $400 million.
Offshore rig owner Borr Drilling has been awarded new contracts and extensions for five of its jack-up drilling rigs.
The International Renewable Energy Agency (IRENA) believes that energy transition holds the key to tackling global energy and climate crisis.
UAE-based offshore engineering and construction services provider Lamprell is in talks for the sale of a stake in its oil & gas business.
UAE-based ADNOC has awarded framework agreements valued at $658 million for cementing services as it continues to invest in drilling growth.
Following a year-long suspension, Petrofac, is now allowed again to take part in new tenders from UAE’s oil and gas giant ADNOC.
Claxton, Acteon’s drilling and decommissioning segment, has inked a deal with Oceaneering to acquire its decom personnel and assets.
London-listed E&P company Energean has signed a gas supply agreement with the largest Israeli buyer of natural gas.
Following a floating storage tanker change, Masirah Oil plans to carry out a drilling campaign in the Q3 2022 in the Block 50 offshore Oman.
Oil and gas exploration and production company Energean has connected the Karish offshore gas field to the Israel National Gas Line,
