Oil prices were stable around $90 a barrel on Wednesday but the prospect of increased supply from Iran and the United States kept pressure on the market.Brent crude futures edged down 36 cents, or 0.4%, to $90.42 a barrel by 1150 GMT. U.S. West Texas Intermediate crude fell 43 cents…
Dutch offshore installation company Heerema Marine Contractors has won a contract with McDermott to transport and install six large jackets within Package-1 of Saudi Aramco’s Marjan Increment program.The Marjan oil and gas field is located in the Arabian Gulf off the eastern coast of Saudi Arabia…
London-listed oil and gas company Energean said Tuesday its Karish gas field in the Mediterranean Sea, offshore Israel would come on stream by the third quarter of the year, with the Energean Power FPSO expected to sail away from Singapore during this quarter…
The world needs to invest at least $3 trillion in renewable energy in the next 10 years, state news agency WAM quoted United Arab Emirates (UAE) Industry Minister Sultan al-Jaber as saying on Tuesday in Dubai.The minister, who is also the Abu Dhabi National Oil Company (ADNOC) chief executive…
Abu Dhabi's offshore marine services company ZMI Holdings said on Tuesday it had signed and closed a new senior secured financing facility of up to $500 million.It will help ZMI invest further in its growth markets, and provide committed and…
Offshore engineering and construction company McDermott said Monday it had secured a mega offshore contract from QatarEnergy.Under the award, McDermott will be responsible for the delivery of engineering, procurement, construction, and installation…
The first set of floaters and supporting structures for Eco Wave Power’s grid-connected EWP-EDF One project have been delivered to the Jaffa Port project site in Israel, marking what EWP said was a key milestone in the development of the wave energy array…
Qatari national oil and gas company QatarEnergy has said it has awarded a major engineering, procurement, construction, and installation (EPCI) contract for the offshore scope of its North Field Expansion Project to McDermott.The expansion project…
Abu Dhabi National Oil Company (ADNOC) on Wednesday announced the award of a $946 million Engineering, Procurement, and Construction (EPC) contract for the strategic long-term development of its Umm Shaif offshore field. The contract. dubbed…
UAE-based oil and gas companies ADNOC and TAQA on Wednesday announced a $3.6 billion strategic project to 'significantly decarbonize' ADNOC’s offshore production operations.The companies said the project would see the development and operation of a first-of-its-kind high-voltage…
Offshore drilling firm Vantage Drilling has agreed to sell its subsidiary Emerald Driller Company (“EDC”) to ADES for $170,000,000 in cash subject to certain adjustments. EDC is the owner of the Emerald Driller jackup rig, which is operating in Qatar…
GMS, a provider of jack-up service vessels for the offshore energy industry, has secured two new contracts for its E Class vessels.One E Class (Large Class) award includes a 6-month contract including options, for an unnamed renewables client in northwest Europe…
The conviction of Ziad Akle, a former Unaoil executive jailed last year for bribery, has been quashed and the UK Serious Fraud Office (SFO) was accused of a 'serious failure' in a damning judgment by London's Court of Appeal.Senior judges refused an SFO request for a retrial for the 46-year-old…
Abu Dhabi National Oil Company (ADNOC) has awarded Technip Energies a contract to update the Front-End Engineering Design (FEED) for the Ghasha mega project including accelerating the integration of carbon capture into the development.This project…
Offshore construction and installation company McDermott has secured three new deals with Saudi oil giant Saudi Aramco.The contracts are for engineering, procurement, construction, and installation (EPCI) projects in Saudi waters.'In total,…
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