Saudi Arabian oil and gas drilling contractor ADES International Holding has reported it expects 44% rise in its core earnings in 2026, despite having several of its offshore rigs in the Gulf region temporarily suspended due to ongoing regional tensions.ADES said it remains focused on the safety of its personnel and assets while working with clients and stakeholders to monitor developments and ensure operational readiness…
Arabian Drilling has reactivated two rigs that were recalled in the fourth quarter of 2025 and launched its first international offshore contract within the Gulf Cooperation Council region-based company.The Saudi Arabia-based contractor said…
Turkey said on Thursday it opposed Greece's 'unilateral activities' in energy fields south of Crete with a consortium led by U.S. major Chevron as a violation of international law and good neighbourly relations.Athens responded that its policies abide international law…
Petronas has signed a concession agreement with the Government of the Sultanate of Oman and OQ Exploration and Production Batinah Offshore (OQEP) for exploration activities in offshore Block 18, expanding its international upstream portfolio…
BW Offshore has unveiled a floating blue ammonia FPSO concept developed in collaboration with McDermott International, combining offshore production, carbon capture and direct export to convert surplus natural gas into lower-carbon fuel.The floating production…
Egypt has directed international oil companies to double production by 2030, Energean International CEO Nicolas Katcharov told Reuters on Tuesday, saying existing contracts must be revised to spur new investment.Katcharov said the low gas prices…
Progress on the BorWin6 Project continues with the successful completion of a fabrication yard milestone in Jebel Ali, United Arab Emirates. Mammoet has completed the transport, loadout and mooring of the 5,461-ton offshore jacket foundation…
Kuwait's prime minister Ahmad Abdullah al-Ahmad al-Sabah said on Tuesday that Kuwait Petroleum Corporation plans to invite international oil companies to assist Kuwait Oil Company in developing recently announced offshore oil and gas discoveries…
McDermott has secured a decommissioning definition engineering contract by QatarEnergy for Qatar’s inaugural offshore decommissioning initiative.Under the contract scope, McDermott will develop a comprehensive technical and commercial framework…
McDermott has been awarded a major contract, worth between $750 million and $1 billion, by ADNOC for engineering, procurement, construction and installation (EPCI) services for the Nasr-115 Expansion Project.The project is located approximately…
The floating production unit (FPU) for Woodside Energy’s Scarborough gas project has arrived at the Scarborough field offshore Western Australia, marking a major milestone for the development as it moves into the hook-up and commissioning phase ahead of first gas production…
U.S. oil major Chevron and private equity group Quantum Energy Partners are teaming up to bid for the international assets of Russian oil major Lukoil, which are valued at $22 billion, the Financial Times reported on Wednesday.“Chevron has a…
McDermott has secured a subsea contract from Petronas Carigali Brunei for engineering, procurement, construction, installation and commissioning (EPCIC) of a natural gas development project offshore Brunei.The award follows McDermott's completion of front-end engineering design (FEED)…
Saudi Aramco has signed 17 memoranda of understanding and agreements with U.S. companies, with a potential total value exceeding $30 billion, expanding its network of partnerships in sectors ranging from LNG and advanced materials to financial services…
Equinor has closed the sale of a 40% operated interest in the Peregrino field in Brazil to PRIO. Following this transaction, PRIO assumes full operatorship of the field.Equinor has received a total payment of $2.33 billion for its 40% operated interest…
