While Westwood believes that a newbuilding cycle will not happen anytime soon, any new rig orders are likely to be for jack-ups.
After Cyprus shot down an updated plan for the development of an offshore gas field, Chevron will need to engage in further talks.
TechnipFMC has agreed to a letter of award (LOA) that will expedite its provision of an integrated front-end engineering and design (FEED) study for Energean’s natural gas discovery in the Mediterranean Sea, offshore Israel.
State-owned oil and gas company QatarEnergy has awarded Spanish engineering firm Técnicas Reunidas additional engineering, procurement and construction (EPC) work on its North Field South project. The award, which is the fourth from Qatar Energy to Técnicas Reunidas in the last two years, has a valu
ROVOP has been hired by Energean, enabling it to deploy an ROV onboard the gas-focused player’s field support vessel off Israel.
UK-headquartered energy giant BP has hired a compatriot drilling waste management specialist, TWMA, for its large-scale gas project off Egypt.
Fugro has carried out what is said to be the first-ever remotely operated subsea inspection using an uncrewed surface vessel (USV) in the Middle East. Having commissioned the region’s first-ever government-licensed USV in early 2023, Fugro has now carried out its first USV operation for a client in
The way to secure the funds to complete the operation in full hangs in the air with around $20 million still missing.
Shelf Drilling has revealed higher revenue for 2Q 2023, compared to 1Q 2023, driven by higher day rates and effective fleet utilisation.
Sungrow, a global inverter and energy storage system solution supplier, has signed a contract with Indian Larsen & Toubro (L&T) to supply inverter skid solutions for a 2.2 GWac PV plant for the NEOM green hydrogen project in Saudi Arabia. NEOM Green Hydrogen Company (NGHC), a joint venture created b
Our news this week reflect the increasing activities in vessel decarbonisation and emission cutting in the oil and gas sector as offshore renewable energy continues to broaden both its geographical and technological reach and green hydrogen attracts new firm commitments. With new, more ambitious cor
Baker Hughes’ international rig count report shows a boost in the number of offshore rigs in July 2023, as 6 additional units were recorded compared to the month before.
Ocean Oilfield has revealed that one of its rigs arrived at an offshore gas field in the UAE a few days ago and started its work for Atlantis.
Borr Drilling has secured letters of award (LOA) for two premium jack-up drilling rigs, which increase the company’s firm backlog by approximately 421 days, excluding optional periods.
