“The importance of these discoveries lies in strengthening the kingdom’s natural gas reserves..,”Energy Minister Prince Abdulaziz bin Salman said.
Exploration & Production
Petrofac secures three engineering services contracts from Shell
The three newly-awarded contracts will be executed at Petrofac’s Muscat office
Dubai-based Viking wins $7 million contracts from Middle East operators
Viking’s managing director noted that the potential for securing additional contracts in the near future is high
Eni eyes more projects offshore Mozambique after Coral-Sul FLNG inauguration
Coral South is a landmark project that is projecting Mozambique onto the global LNG stage
FEED contract signed for Nigeria’s $5 billion LNG facility
The African country aims to develop, exploit and monetise its proven gas resources
Saudi Aramco leads rig contract activity, report shows
During the past month, ten multi-year jackup contracts were signed, with Saudi oil giant Aramco continuing to drive the majority of the contracts, according to Evercore ISI’s latest Offshore Rig Market Snapshot. PEMEX and Saudi Aramco secured five jackups each for a total of 15 and 25 years respectively during the past month. Meanwhile, Saudi […]
ADNOC’s Hail and Ghasha megaproject: 5 facts you need to know
Here are 5 facts you need to know about the project
Indian EPC giant L&T reports 57 contracts in 2022
Larsen & Toubro (L&T) has won over 57 contracts so far in 2022 as it continues to strengthen its presence in the oil and gas EPC sector, Construction Week reported. Last month, the company reported “better-than-expected” second-quarter profit, on the back of a surge in order inflows. The company’s profit grew by 22.5% to $269.35 […]
Saipem secures CIMC rig for Middle East project
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. […]
Saipem secures $800 million new drilling contracts in the Middle East region
Long-term awards in the Middle East confirm Saipem’s strategy towards a key area for its business