Woodside Energy has held talks with several potential buyers of stakes in its Louisiana liquefied natural gas plant, including Tokyo Gas, Japan's JERA and Saudi Aramco-backed MidOcean Energy, multiple sources told Reuters.The timing of the stake…
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…
ARO Drilling, a joint venture between Aramco and Valaris, and International Maritime Industries (IMI) have signed an agreement to build a new jack-up drilling rig, Kingdom 3, which will be the first to be constructed in the Kingdom of Saudi Arabia…
Saudi oil and gas drilling contractor ADES Holding has secured a $21.8 million drilling contract with Brittania-U for its Admarine 504 jack-up drilling rig, marking its first entry to the Nigerian offshore oil and gas sector.ADES and Admarine…
Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum.Uncertainty over how Trump's proposed tariffs and energy policies would affect global economic growth and energy demand also weighed on prices…
Oil and gas drilling services company KCA Deutag has secured contract extensions for its drilling services in the U.K. North Sea, worth $16 million.KCA Deutag said its offshore business pocketed multi-million-dollar contract extensions in the U…
Oil prices edged up to a 12-week high on Monday as a winter storm boosted demand for energy to heat U.S. homes and businesses, and on support from a weaker U.S. dollar and expectations of tighter sanctions on Iranian and Russian oil exports…
Saudi oil and gas drilling contractor ADES Holding has secured a contract with Thailand’s state-owned PTTEP for its offshore jack-up drilling rig, marking a fourth redeployment of rigs that were suspended by Saudi Aramco earlier in 2024.The contract in the Gulf of Thailand…
Offshore drilling contractor Shelf Drilling has entered into agreement to sell its Main Pass I jack-up rig for $11 million and retire it from drilling operations.Shelf Drilling said the Main Pass I rig will be permanently retired from drilling operations…
Saudi state-owned oil giant Aramco has hired Subsea7 for the replacement of pipeline at its Abu Safa field, offshore Saudi Arabia, under contract worth up to $300 million.The contract scope includes the decommissioning of existing subsea facilities as well as engineering…
Oil prices rose by nearly 2% on Monday on increased geopolitical risk after the fall of Syrian President Bashar al-Assad, and as top importer China flagged its first move towards a loosened monetary policy stance since 2010.Brent crude futures were up $1…
Saudi oil and gas giant Aramco has signed a shareholders’ agreement with Linde and SLB paving the way for development of a Carbon Capture and Storage (CCS) hub in Jubail that is expected to become one of the largest globally.Under the terms…
Offshore drilling contractor Shelf Drilling has secured work for its Main Pass IV jack-up rig offshore Nigeria.The firm term of the contract is approximately two years, and is scheduled to begin in December 2024, according to Shelf Drilling…
Offshore drilling contractor Shelf Drilling has received a notice of suspension for its High Island II jack-up rig from Saudi Aramco, following the similar notice it received from the same operator for High Island IV in the last month.The start…
Offshore drilling contractor Shelf Drilling has received a notice of suspension for its High Island IV jack-up rig from Saudi Aramco.The suspension is for up to one year, according to Shelf Drilling, which added it has the right to market the rig during the suspension…
