Qatar’s plans to raise liquefied natural gas capacity to 126 million tonnes per year could even see an additional boost, according to Qatar Petroleum’s chief executive Saad al-Kaabi. State-owned QP is currently working on the first phase of the North Field expansion project to raise the country’s LN
Energean has completed near-shore operations for the Karish gas pipeline and is now ready for offshore installation.
Oceaneering has been awarded a considerable asset integrity contract from a major operator based in Dubai, UAE.
U.S. engineering and construction services company McDermott International has been awarded a sizeable contract from a Middle East customer to carry out front-end engineering and design (FEED) work for offshore riser platform topsides.
Hydrogen has surged up the priority list of many oil and gas organizations, taking a primary position in the sector’s decarbonization efforts, according to a new report by DNV GL.
Engineering and management services provider Penspen has been awarded a contract by Target Engineering Construction for slug catcher replacement support on a project on Zirku Island in the United Arab Emirates.
Oil giant Saudi Aramco has suspended the contract for one of Noble Corporation’s offshore drilling rigs.
Abu Dhabi-based Gulf Marine Services (GMS) has turned down a USD 32 million takeover offer from Seafox International saying that the offer ”fundamentally undervalues GMS”. As reported earlier, Seafox submitted an unsolicited and non-binding possible cash offer for the entire issued and to be issued
The worldwide offshore rig count in April 2020 has dropped 28 rigs year-over-year and 19 rigs sequentially, according to rig count reports by Baker Hughes Company.
The last two modules for Equinor’s Johan Castberg FPSO turret mooring system have sailed away from Dubai to Singapore.
State-run Qatar Petroleum said Wednesday it has entered into a deal to reserve LNG ship construction capacity in China as part of ongoing North Field expansion projects. QP signed the deal with Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation. The deal potentially worth m
Exploration plans are being redrawn and the well count is expected to drop by as much as 35 per cent on 2019 levels due to the “double whammy” of the oil price collapse and COVID-19 pandemic, according to market research provider Westwood Global Energy Group.
The agreement of the members of OPEC and its allies to cut oil production by 9.7 million barrels of crude per day is not believed to be enough to offset the massive demand drop and will certainly have dire implications for the oil tanker shipping market. “The first quarter of 2020 has been one of [&
The article delves into legal intricacies of declaring force majeure events on existing offshore construction contracts in case of delays caused by the coronavirus pandemic as well as key points to consider when entering new contracts.
