Gulf Marine Services (GMS) has secured a long-term contract for the GMS Evolution following a trial of the vessel’s Cantilever Workover System.
The LNG and energy engineer, McDermott International has been contracted to deliver front-end engineering and design (FEED) work for Qatar Petroleum’s North Field South (NFS) project.
Gulf Marine Services (GMS) has agreed on an extension for the conclusion of improved terms for debt structure with its banks.
An international consortium led by Total and EGAS have signed an exploration and production agreement a block located offshore Egypt
The Covid-19 pandemic has devastated crude and condensate demand, creating massive supply surpluses and filling up inventories, according to Rystad.
Eni has signed a concession agreement for the acquisition of a 70% stake in a block off Abu Dhabi, leading a consortium including Thailand’s PTTEP.
Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels to the offshore energy industry, has won contract extensions for two K-Class (small) vessels.
Offshore drilling firm Shelf Drilling has agreed to sell a jack-up drilling rig to UAE-based ADNOC Drilling.
Energean has completed its acquisition of Edison E&P. Energean has also entered into new gas sales agreements to supply the gas in Israel.
Masirah Oil has started drilling a second development well in the Yumna field located offshore Oman, using the Shelf Drilling-owned Tenacious jack-up rig.
The world is on track to run out of sufficient oil supplies to meet its needs through 2050 unless exploration speeds up, Rystad Energy reveals.
Global demand for offshore helicopter transport to offshore facilities plunged in 2020 as a result of the Covid-19 pandemic, a Rystad Energy report shows.
The United Nations has received official approval from the Houthi authorities in Yemen to carry out the planned expert mission to the decaying FSO Safer oil tanker, which poses a danger of massive oil spill to the region. The Safer oil tanker is moored north of Hodeidah and is believed to be loaded
Brent crude oil prices reached highest levels since March as news of another promising coronavirus vaccine raised hopes of a quicker recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his leadership transition.
