North Oil Company, the operator of the Al-Shaheen field offshore Qatar, has awarded contracts to PTSC and to Rosetti Marino.
Dubai-based energy services firm Kent has completed the acquisition of SNC-Lavalin’s oil and gas division.
OPEC and allies have agreed to increase oil production starting from August 2021 with plans to end production cuts by end of September 2022.
A number of energy transition-related updates hit our headlines this week, from new developments in the renewables sector to further initiatives in ship decarbonisation – and oil & gas companies’ new moves in both of those, and more.
South Korea’s DSME has been awarded a contract to deliver an offshore crude oil production platform for Qatar’s largest oil field.
The world’s remaining recoverable oil resources are now seen as 9% slimmer but the commercial volumes can keep global warming below 1.8˚C.
UAE’s oil and gas giant ADNOC is making an investment of $763.7 million in integrated rigless services on six of its artificial islands.
Abu Dhabi National Oil Company (ADNOC), Honeywell, Sasol, and Wood have joined the Hydrogen Council along with ten more companies – two of which are new investors.
A collection of energy transition-related updates across the industry was heavily focused on hydrogen and its role in reaching net-zero goals.
The trend of winning new deals and extensions continues for offshore drilling contractor Valaris following another extension for one of its jack-up rigs.
Vantage Drilling has secured an additional year of contract for a jack-up unit while two other jack-up rigs have started their gigs.
Following the award of three new contracts, Gulf Marine Services (GMS) now has all 13 vessels in its fleet under contract.
Offshore drilling contractor Valaris Limited has been awarded an extension for one of its jack-up drilling rigs in Saudi Arabia.
E&P company Energean has signed a contract with Stena Drilling for its 2022 – 2023 growth drilling programme located offshore Israel.
