Saipem has been awarded a two-year contract extension by Eni for the use of the Santorini drillship. The contract extension, which will give continuity to the ongoing activity, will come into force starting from August 2023 and is worth approximately $280 million. The deal also includes income linked to investments for improvements to the drillship […]
Author Archives: Faiza Rizvi
Posted inExploration & Production
Fugro lands contract for major field development program in Abu Dhabi
European geo-data specialist Fugro has been awarded a contract for site characterisation services for one of the largest long-term field development programmes in Abu Dhabi. Starting this month, Fugro will perform a series of offshore surveys including geophysical, geotechnical and remotely operated vehicle (ROV) inspections supported by advanced engineering and geoconsulting studies to help inform […]
Posted inNews
Kuwait to cancel 10,000 expat work permits after Eid: Report
Kuwait’s Public Authority for Manpower (PAM) plans to cancel more than 10,000 work permits that are registered with the authority and are not valid, Arabian Business reported, citing sources with knowledge of the matter,. After verifying the validity of the data, the PAM has initiated legal procedures for work permit cancellation with the interior. The […]
Posted inNews
QatarEnergy, Namibia team up to ‘strengthen cooperation’ in energy
QatarEnergy has signed an agreement with the Ministry of Mines and Energy of the Republic of Namibia to strengthen cooperation in the energy sector. The agreement was signed by HE Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, president and CEO of QatarEnergy, and HE Tom Alweendo, Minister of Mines & Energy of […]
Posted inNews
Sparrows Group secures first-ever engineering and maintenance contract in Kuwait
Sparrows Group (Sparrows), the engineering and maintenance services specialist for the global energy and industrial sectors, has been awarded work in Kuwait for the first time. The two scopes cover maintenance and provision of certificates of conformance for onshore rigs across sites for two clients. Sparrows will be responsible for servicing a range of critical […]
Posted inNews
Qatar declares 11-day holiday for Eid
Qatar has declared a 11-day holiday for Eid Al Fitr, according to the Amiri Diwan. Eid Al Fitr holidays in Qatar will begin on April 19, in line with 28 Ramadan 1444 AH, and will continue until April 27, as reported by Arabian Business. All employees will return to work on Sunday, April 30, 2023. The […]
Posted inNews
Revealed: Top 5 oil and gas contracts in March 2023
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
Posted inNews
Saudi prince transfers $80 billion Aramco stake to key subsidiary
Saudi Arabia’s sovereign wealth fund PIF (Public Investment Fund) has transferred 4% of its issued shares in state oil giant Aramco—valued at around $80 billion—to one of its key subsidiaries, Sanabil Investments. HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince and Prime Minister and PIF Chairman, said the transfer of part […]
Posted inNews
UAE, Saudi Arabia say Eid Al Fitr to fall on Saturday
The International Astronomy Centres of UAE and Saudi Arabia expect Eid Al Fitr (1444 AH) to fall on Saturday, April 22, one day later than the previous prediction. The astronomical bodies said its prediction is based on astronomical information and that the exact date of the Eid will only be confirmed by the concerned authorities […]
Posted inNews
Dubai court orders KPMG to pay a whopping $231 million for Abraaj audit failure
A court in Dubai has ordered KPMG Lower Gulf to pay more than $231 million to a group of investors who claim they lost money because of poor-quality audit work by the firm on a fund they were invested in, the Financial Times reported on Saturday. The judgment, issued late last month, found that the […]
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