Saipem has secured offshore drilling assignments in the Middle East and the Mediterranean Sea for two rigs.
Thordon Bearings has retrofitted seven special purpose, single point mooring (SPM) service boats, which are servicing the SUMED pipeline.
Aquaterra Energy has secured a contract with an undisclosed Abu Dhabi-based operator, to provide offshore riser equipment and services.
Seadrill is contemplating the sale of three jack-up rigs, which are working in Qatar, along with its interest in Gulfdrill LLC.
UAE’s ADNOC Drilling has secured long-term contracts for five jack-up rigs, totalling approximately $2 billion.
Eni and Vår Energi will acquire Neptune’s entire portfolio, aside from its business in Germany, for an aggregate enterprise value of $4.9 billion.
Hydrom, a subsidiary of Energy Development Oman SAOC (EDO), has entered two new agreements awarding green hydrogen projects in Oman. The agreements were signed with the winning bidders of round 1 of the Oman green hydrogen auction process during an event organised by Hydrom. This auction process pro
The Bonn Climate Change Conference helped lay the groundwork for the political decisions required at COP28 in Dubai at the end of the year.
Shell has unveiled plans to spend around $40 billion in its Integrated Gas and Upstream businesses, as it believes that oil and gas will remain important players on the energy stage.
The International Energy Agency (IEA) believes that growth in global oil demand is projected to slow down to a crawl by 2028.
Human rights and environmental non-governmental organizations (NGOs) are urging UNDP to ensure the clean and safe recycling of the decaying floating storage and offloading (FSO) vessel Safer, moored offshore Yemen, that is threatening to cause a massive oil spill. In a letter addressed to UNDP, the
Weatherford International has secured a long-term contract with Saudi Arabia’s Aramco for the provision of drilling services.
Gulf Marine Services (GMS) has secured two contract extensions for one of its small-size class vessels and one of its large-class vessels.
The EIA expects global oil production to be lower than anticipated after OPEC+ announced extension of its crude oil production cuts.
