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Project & Tenders

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Valaris 76 jack-up rig
Project & Tenders

Valaris strikes deals with total backlog of $95 million

Valaris has secured new contract extensions for a drillship and four jack-up rigs with a contract backlog of $95 million.

about 4 years ago
In focus: Are countries caught between energy security and net-zero pledges?
Project & Tenders

In focus: Balancing act between energy security and net-zero goals

The global energy crisis has forced nations around the globe to ponder whether they need to pick between energy security and net-zero goals. Can both be obtained simultaneously? This is the question on everyone’s mind.

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about 4 years ago
GMS capitalises on increasing vessel demand and higher rates with another MENA deal
Project & Tenders

GMS capitalises on increasing vessel demand and higher rates with another MENA deal

Gulf Marine Services (GMS) has won a new contract with an increased day rate for a large-size class vessel and a small-size class vessel.

about 4 years ago
GMS Evolution vessel (for illustration purposes); Source: GMS
Project & Tenders

UAE player’s new MENA deal reflects growing demand and higher rates

UAE-headquartered Gulf Marine Services (GMS) has secured a new long-term contract for one of its large-size class vessels.

about 4 years ago
Two new rigs to join ‘one of the largest operating jack-up fleets in the world’
Project & Tenders

Two new rigs to join ‘one of the largest operating jack-up fleets in the world’

ADNOC Drilling has inked a deal to purchase two additional premium jack-up rigs and hinted at further acquisitions in the pipeline.

about 4 years ago
Financial close in place for $3.8 billion decarbonization project in UAE
Project & Tenders

Financial close in place for $3.8 billion decarbonization project in UAE

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) have completed the financial closing of what is said to be the first-of-its-kind subsea transmission network in the MENA region. The $3.8 billion strategic project is set to power and significantly decarbonize A

about 4 years ago
Energean - Abu Qir concession in Egypt.
Project & Tenders

Gas production starts from new well off Egypt

E&P company Energean has announced a new gas production from the Abu Qir concession located offshore Egypt.

about 4 years ago
QatarEnergy and GE team up on carbon capture roadmap
Project & Tenders

QatarEnergy and GE team up on carbon capture roadmap

LNG major QatarEnergy signed a memorandum of understanding (MoU) with U.S. firm General Electric (GE) to collaborate on developing a carbon capture roadmap for the energy sector in Qatar.

about 4 years ago
New Dutch donation to bridge funding gap, allowing UN to embark on salvage ops for ‘ticking timebomb’ in Red Sea
Project & Tenders

New Dutch donation to bridge funding gap for UN’s salvage ops in Red Sea

With additional funds from the Netherlands, the UN may be able to start the salvage operation to prevent a major oil spill in the Red Sea.

about 4 years ago
Stena Forth drillship
Project & Tenders

Chevron and partners prepare investment for Aphrodite gas field as Cyprus and Israel push for swift resolution of reservoir dispute

Oil major Chevron and its partners in the Aphrodite gas field off Cyprus have allocated funds for the drilling of an appraisal well and other development costs for the project.

about 4 years ago
Eni and ADNOC looking into ways to expand and strengthen gas supply
Project & Tenders

Eni and ADNOC looking into ways to strengthen energy security by expanding gas supply

UAE’s ADNOC and Italy’s Eni are contemplating options to explore opportunities to increase the security of gas supply.

about 4 years ago
In focus: Don’t let a good energy crisis go to waste
Project & Tenders

In focus: Don’t let a good energy crisis go to waste

The volatility within the energy market has forced nations to look inward for solutions to this global issue and cut their reliance on energy imports or diversify their sources of supply. Looking longer-term, if this approach becomes a policy and not a one-off solution to a one-off problem, this kin

about 4 years ago
Energean Power FPSO
Project & Tenders

Energean weeks away from delivering first gas from Karish

Energean is on track to deliver the first gas from the Karish gas project located offshore Israel within weeks.

about 4 years ago
ARO’s 20-rig newbuild programme fires Valaris’ enthusiasm for growth prospects
Project & Tenders

Valaris excited by growth prospects as ARO explores financing options for 20 newbuilds

Valaris has expressed its excitement over growth prospects arising out of a 20-rig newbuild programme, which ARO Drilling is pursuing.

about 4 years ago