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. […]
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Posted inNews
Aramco announces $7 billion Shaheen project
The project is expected to start in 2023 and be completed by 2026
Posted inNews
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
Posted inExploration & Production
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
Posted inPeople
Oil and gas job openings remain high in FIFA World Cup host country Qatar
Ahead of the World Cup, demand for oil and gas jobs, especially petroleum engineers remains high
Posted inExploration & Production
Eni, Sonatrach begin fast-track production at Algerian field
Italian major Eni announced yesterday the start-up of the HDLE/HDLS oil field in in the Berkine North Basin onshore Algeria, only six months after its discovery in March. HDLE/HDLS is currently producing 10,000 b/d. Production ramp up will be achieved through an accelerated development plan which envisages the drilling of new wells in 2023. According […]
Posted inExploration & Production
Top 5 oil and gas contracts in the Middle East: October 2022
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 inADIPEC
ADIPEC: ADNOC, India’s GAIL explore LNG supply and decarbonisation opportunities
ADNOC and GAIL will seek opportunities to broaden commercial partnership and focus on lower carbon energy supplies through the MoU signed at ADIPEC
Posted inUncategorized
Top 25 OFS Companies 2022
Revealing the top 25 OFS players in the Middle East region
Posted inADIPEC
ADIPEC: Algeria’s ALNAFT to launch SLB’s digital platform
At the ADIPEC this year, the Algerian national agency for the development of hydrocarbon resources ALNAFT will launch Exalt, a fully integrated digital platform developed by SLB, enabling global remote access to Algerian subsurface data and “evergreening” products. According to ALNAFT, this marks an “unprecedented opportunity” for Algeria’s energy market, for investors to explore new […]