A Gulf Cooperation Council (GCC) ministerial meeting said on Sunday in a communique that the entire Durra gas field and its natural resources are jointly and only owned by Saudi Arabia and Kuwait, the Saudi state news agency reported.Iran has…
Oil prices rose more than 2.5% on Friday as the United States and Britain carried out air and sea strikes on Houthi military targets in Yemen in response to attacks by the Iran-backed group on shipping in the Red Sea.The attack added to market…
UTEC Survey Asia, a Geo-services brand in Acteon’s Data and Robotics division, has entered a strategic agency agreement with Front End, a 100% Saudi-owned company providing advanced products and solutions to the offshore energy industry.This…
“By agreeing to an additional voluntary production cut within OPEC (Organization of the Petroleum Exporting Countries) of 500,000 barrels per day in May and announcing a further independent production cut of 1,000,000 barrels per day in July…
Sagar Samrat, the iconic offshore drilling rig that helped discover India's biggest offshore oil field - the Mumbai High - in 1974, has started its new life, now as an offshore production unit.India's national oil company ONGC said Monday that…
Oslo-listed offshore drilling company Shelf Drilling has secured a contract extension for its Shelf Drilling Tenacious jack-up rig.The contract is in direct continuation of its current contract for drilling operations offshore Angola until November 2023…
Jack-up rig specialist Shelf Drilling said Monday it had secured a five-year contract for the Harvey H. Ward jack-up rig for operations in the Arabian Gulf.The firm period contract value, including mobilization fee, is roughly USD 192 million…
Shares of Arabian Drilling Company , a Saudi oilfield services firm, were up 18% above its listing price on its market debut in Riyadh on Monday, in a sign that investors still have appetite for local flotations despite a gloomy outlook for the world economy…
Arabian Drilling Company, a Saudi oilfield services firm, said on Tuesday it will price its initial public offering at 100 riyals a share and is set to raise 2.67 billion riyals ($710.58 million).The final price is at the top end of a price range announced last month…
Offshore drilling firm Shelf Drilling has secured a five-year contract for the recently acquired premium jack-up rig Shelf Drilling Victory for operations in the Arabian Gulf.The contract value for the firm period, including mobilization revenue…
Dubai based jackup operator Shelf Drilling has been awarded a three-year contract for with India's Oil and Natural Gas Corporation for work on the Mumbai High. The contract is for the C.E. Thornton jack-up rig, with planned start-up of operations is Q2 2023…
A helicopter carrying seven passengers and two pilots ditched in the Arabian Sea near the Indian oil company ONGC's jack-up rig Sagar Kiran, in Mumbai High, offshore India. Four people died. According to initial tweets from the Coast Guard and…
Offshore drilling contractor Seadrill on Wednesday announced it has been awarded contract extensions for three of its jack-up rigs for work offshore in the Arabian Gulf.The firm term of each contract is three years with commencement in direct continuation of the current contracts…
Fuel management solutions company FUELTRAX reports it has named Integrated Marine Solutions (IMS) as its Saudi Arabian partner to focus on sales and installation for clients in the region.Located in northeastern Saudi Arabia, along the Arabian Gulf…