Oil futures jumped on Monday, with Brent rising above $120 a barrel after Saudi Arabia hiked prices for its crude sales in July, signaling tight supply even after OPEC+ agreed to accelerate output increases over the next two months.Brent crude was up 91 cents…
McDermott International has won a Front-End Engineering Design (FEED) contract by the Qatari North Oil Company (NOC) for the Ruya Development, previously referred to as Al-Shaheen Phase 3-Batch 1, located offshore Qatar. 'This award is one the…
Malaysian company Sapura Energy has agreed to sell its pipe-laying and crane vessel Sapura 3000 for $71.5 million to Safeen Feeder Company – Sole Proprietorship LLC, a company in the Abu Dhabi Ports Group of Companies.'The proposed asset disposal exercise is part of the Group’s reset plan…
UK-based oilfield solutions company Oil Plus has said it has secured two produced water-related projects in Qatar worth $450,000 in total. Oil Plus will deliver a Pre-FEED oil and water analysis for Qatar Energy, and a water injection study…
The Abu Dhabi National Oil Company (ADNOC), oil major BP, and Abu Dhabi future energy company Masdar have joined forces to develop clean hydrogen and technology hubs.Announcing their new-energy partnerships, ADNOC said the H2Teesside low-carbon…
Singapore's Keppel Offshore & Marine has secured bareboat charters for two KFELS B Class rigs to be deployed in the Middle East.The shallow-water drilling rigs will go on a charter with an unnamed drilling firm in the Middle East. Keppel said the charterer was 'an established drilling company…
Iran and Oman have agreed to form a committee to jointly develop the Hengam oil field, which straddles both countries' sea border, Iran's semi-official Fars news agency reported its oil minister Javad Owji as saying on Monday.In 2005, both countries…
Engineering and construction firm McDermott said Thursday it had secured a contract by ADNOC to provide front-end engineering design (FEED) services for the new Fujairah Liquefied Natural Gas (LNG) facility. Located approximately 155 miles (250 km) from Abu Dhabi…
Bahrain's state oil firm nogaholding is in final talks to appoint a strategy consultant and financial adviser, its chief executive said on Monday, as the indebted country seeks to capitalize on high energy prices and sell or lease out assets…
Saudi Arabia is on track to lift oil production capacity by more than 1 million barrels per day to over 13 million barrels bpd by the end of 2026 or start of 2027, the energy minister said on Monday.Prince Abdulaziz bin Salman told an energy…
Rawabi Vallianz Offshore Services (RVOS) has chosen to outfit its entire fleet of vessels with the Fueltrax Electronic Fuel Management System (EFMS) to ensure accurate fuel usage transparency and emissions tracking.RVOS, a JV between Rawabi Holding…
QatarEnergy has awarded a major engineering, procurement, and construction (EPC) contract for the North Field Expansion Project, which it says marks the final major milestone to deliver the project which will boost Qatar’s LNG production capacity to 110 million tons per annum (MTPA)…
Jack-up drilling rig specialist Shelf Drilling has secured a three-year contract extension for the High Island V jack-up rig with Saudi Aramco.The contract for the rig of the Marathon LeTourneau 82-SD-C design will start in direct continuation of its current contract in the Arabian Gulf…
The Saudi cabinet reaffirmed the right of the kingdom and its neighbor Kuwait to exploit natural resources at a joint, energy-rich, offshore area, the state news agency reported on Tuesday.It also stressed the right of the two countries to develop the Durra natural gas field…
Indian offshore drilling contractor Aban Offshore has agreed to sell four offshore drilling rigs to ADES for $106 million in total.Aban said that its Board had, at a meeting held on March 23, approved the sale of the jack-up drilling rigs Deep Driller 2…
AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week
