Ocean Challenger, the asset management company of Chinese yard CIMC, has secured a new charter deal from Italian EPC contractor Saipem for the 2019-built jackup rig Gulf Driller IV. The rig will be deployed in the Middle East, where Saipem recently won new offshore drilling contracts for two units commencing between the third and fourth quarters of 2023. […]
Author Archives: Faiza Rizvi
Aramco announces $7 billion Shaheen project
The project is expected to start in 2023 and be completed by 2026
World cup disruption: Israel accuses Iran for tanker attack
Israel and the US on Wednesday accused Iran of launching a drone attack on an oil tanker off the coast of Oman, with one official describing it as “an Iranian provocation in the Gulf” linked to the disruption of the World Cup in Qatar, CNN reported. Examination of the debris shows that the the drone […]
Baker Hughes, Technip Energies to develop LNG solutions
The partnership aims to reduce time-to-market for LNG to meet energy demand
IMI Saudi opens new manufacturing facility in Dammam
IMI Saudi Industry, a subsidiary of IMI Critical Engineering, has unveiled a new 5,000m2 facility in Dammam to supply valve solutions and bolster national manufacturing capabilities in line with Saudi government localisation plans for key products. The factory will provide accessibility to valve and actuating systems in line with the Saudi Vision 2030 strategic framework […]
UAE slaps $30,000 fine for companies faking Emiratisation
UAE companies faking data to meet Emiratisation targets will face hefty fines
Construction manager with offshore EPC contractor charged over bribery
The offense can lead to hefty fines and imprisonment for up to 10 years
PIF eyes $1 billion IPO of Saudi driller ADES
PIF is considering hiring investment banks for a potential listing and is expected to make a decision as soon as this year
ADNOC Drilling reports $568 million profits driven by rig fleet expansion
The fleet utilisation supports the company’s nine-month revenue growth to reach $1.94 billion
Eni, TotalEnergies to launch offshore exploration following Israel-Lebanon agreement
In Lebanon, TotalEnergies is the operator of the exploration Block 9 alongside its partner Eni