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Worley nets renewal deal for Saudi Aramco's offshore portfolio optimisation

Oil & Gas

Worley gets contract renewal on Saudi Aramco’s offshore assets

Saudi Aramco has decided to extend its contract with Worley for the provision of optimisation services across its offshore assets.

about 4 years ago

Iran starts drilling ops at South Pars in search of hydrocarbon reserves

Oil & Gas

Iran starts drilling ops in Persian Gulf in search of fresh reserves

POGC has started drilling operations in an attempt to find new hydrocarbon reserves at the South Pars gas field in the Persian Gulf.

about 4 years ago

Oil & Gas

Offshore wind, green hydrogen ‘nice-to-haves’ for oil & gas majors as hydrocarbon production moves towards its peak – Westwood

While oil and gas majors are increasingly entering new offshore wind and green hydrogen projects, it is but a small portion of the overall pie, to quote David Linden from Westwood Global Energy Group. As a reaction to the energy transition, the oil and gas majors are diversifying and now have more o

about 4 years ago

Oil & Gas

In focus: Post-COP26, offshore energy sector using every lever to support creation of net-zero future

As the dust is settling in the aftermath of COP26, new developments in the offshore energy sector are laying the grounds for the net-zero future.

about 4 years ago

Oil & Gas

ADNOC hands out $1.5 billion in new deals to progress mega gas project

ADNOC has awarded two engineering, procurement, and construction (contracts totalling $1.46 billion for the Dalma Gas Development Project.

about 4 years ago

Falling costs make new oil cheaper, Rystad

Oil & Gas

Climate policies should focus on demand as falling costs make new oil cheaper to produce, Rystad says

An analysis of the annual cost of supply by Rystad Energy has revealed that costs within the upstream sector have come down considerably in 2021.

about 4 years ago

COp26 - Courtesy of Extinction Rebellion

Oil & Gas

COP26 ends with ‘weak and compromised’ line on phasing down fossil fuels

After two weeks of intense negotiations, COP26 closed over the weekend and the final outcome is a document known as the Glasgow Climate Pact.

about 4 years ago

Oil & Gas

GMS nets two contract extensions with higher rates

GMS has been awarded two contract extensions with increased day rates for its small-size class and mid-size class vessels.

about 4 years ago

Oil & Gas

Shelf Drilling expects improvement in global jack-up demand and pricing

Shelf Drilling has revealed that 27 of its jack-up rigs are under contract and it expects to see an improvement in the global jack-up demand.

about 4 years ago

Oil & Gas

Two Saudi players team up, aiming to be one of the world’s most competitive OSV builders

IMI has signed a long-term agreement with Zamil Offshore for the delivery of OSV building and MRO services in Saudi Arabia.

about 4 years ago

Oil & Gas

Fatal accident in waters off Libya after workers plunged into sea

An accident during vessel decommissioning operations in waters offshore Libya has resulted in the deaths of at least three Tunisian workers.

about 4 years ago

Prospector I jack-up rig - Borr Drilling

Oil & Gas

With 17 rigs now booked, Borr hopes to fully contract fleet by 2022

Borr Drilling now has 17 rigs contracted or committed amid strong demand for offshore rigs and is on track to fully contract its fleet by 2022.

about 4 years ago

Oil & Gas

Noble sells four Saudi rigs to ADES

Offshore drilling contractor Noble Corporation has completed the sale of four jack-up rigs to a subsidiary of ADES International Holding.

about 5 years ago

A visualization of a floating offshore wind farm connected to the Draugen platform.

Oil & Gas

In focus: Ships, oil & gas platforms to get greener by the day with clean fuels and renewables

Massive investment announcements and ambitious new developments in the energy and shipping sectors marked this week on Offshore Energy (well, together with our Offshore Energy Exhibition & Conference), as work on the global energy transition is moving forward through numerous new initiatives.

about 5 years ago