UAE-based shallow water drilling contractor Shelf Drilling has formed a strategic alliance with Arabian Drilling, the largest onshore and offshore drilling company in Saudi Arabia by fleet size, to work together on international rig deployment.Shelf Drilling and Arabian Drilling signed a memorandum of understanding (MoU) with the intention of forming a strategic alliance which aims to deploy some of…
Saab UK has delivered its 600th Seaeye Falcon remotely operated vehicle (ROV) produced in Fareham, built for international subsea specialist DISA International.The latest addition joins DISA’s growing fleet of Saab Seaeye vehicles and contributes…
Island Frontier multi-service vessel (MSV), owned by Island Offshore, has completed another campaign in West Africa for Oceaneering, ahead of embarking on a new project in the region.As part of the campaign, Island Frontier MSV delivered spool…
McDermott has published its 2024 Sustainability Report, highlighting increased renewable energy source to 80% of grid electricity demand across its operations.The company also achieved a 35% reduction in carbon intensity and ISO 50001 energy management certification at four major fabrication yards…
Marine geophysical services company PXGEO has appointed Charles ‘Chuck’ Davison, Jnr. as Executive Chairman and Chief Executive Officer (CEO), effective immediately.Davidson will also continue to serve as EnerMech’s CEO, which shares the same shareholder as PXGEO…
Lloyd’s Register (LR) has awarded an International Electrotechnical Commission for Renewable Energy (IECRE) feasibility statement to Orbital Marine Power for its O2-X tidal energy converter.The IECRE is a global renewable energy conformity assessment…
The following article is an op-ed piece authored by Askhat Khassenov, Chairman of KazMunayGas (KMG), Kazakhstan’s national oil and gas company, who discusses how KMG is positioning itself as a strategic global energy player by forming key international partnerships…
Offshore accommodation rig provider Floatel International has finalized the sale of semi-submersible accommodation rig Floatel Reliance, which has been in lay-up since April 2016.The firm contract follows the previously announced agreement in…
Abu Dhabi National Oil Company is considering listing its international investment arm XRG on an exchange outside of the United Arab Emirates, three people with knowledge of the matter said, potentially creating one of the largest listed energy companies globally…
Offshore accommodation rig firm Floatel International has secured firm contract with an undisclosed client North Sea client for Floatel Superior.Floatel Superior will provide services in the second quarter of 2026 under the three-month contract…
Italian offshore energy services firm Saipem has entered into a new $620 million revolving credit facility with a pool of fourteen national and international financial institutions.The facility has a tenor of three years, extendable for a further…
U.S.-based subsea services and technology firm Oceaneering has placed an initial order for a minimum of 100 units of Exail’s new Octans 9 Attitude Heading Referencing Systems (AHRS), as it aims to enhance capabilities for offshore survey and positioning projects…
The holiday season would not be the same without the top festive videos shared by offshore industry companies which we, now traditionally, include every year to get us in that merry mood.This year, some of the companies - like Stena Drilling…
Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to $2 billion.After more than 30 years as a business partner in Azerbaijan and Nigeria, transactions leading…
Baker Hughes beat Wall Street estimates for third-quarter profit on Tuesday, helped by sustained demand for its drilling equipment and oilfield technology in international markets.The robust activity in several international markets have helped…
