“Global catastrophe” looms at Yemeni offshore oil storage site
The FSO Safer poses both a local environmental threat but also a major pitfall for shipping through the critical Red Sea and Suez Canal.
Rigs & Vessels
Vantage sells three jack-ups to Saudi-owned ADES
Vantage Drilling International has agreed to sell three jack-up rigs to ADES Arabia, owned by Saudi Arabia’s Public Investment Fund (PIF).
Adnoc hands out $6bn of drilling contracts in long-term push
Adnoc has announced $6 billion worth of contracts with drilling companies, focused on downhole completion equipment and wellheads.
Lamprell raises cash amid challenges
Lamprell has signed up a debt facility and issued new capital, raising $45 million and $30.1mn respectively.
GMS reports profit, eyes better days
Gulf Marine Services (GMS) expects day rates to improve in the second half of the year driving EBITDA higher.
Helmerich & Payne lines up for Adnoc Drilling stake
Helmerich & Payne (H&P) will buy into Adnoc Drilling’s upcoming IPO, with the Abu Dhabi company buying eight land rigs from the US company.
Vantage wins Qatar work for rigs
Vantage Drilling has won work offshore Qatar for two rigs, Sapphire Driller and Aquamarine Driller, beginning in 2022.
UK blames Iran for deadly attack on tanker
The UK has accused Iran of being behind an attack on a tanker offshore Oman on July 29 and is working with partners on a response.
WATCH: Canadian rigs fly business class to Oman
A Canadian company has loaded two well service rigs onto an Antonov AN-124 to carry them to Oman.
PIF deal cuts risk for ADES of contract renegotiations
Saudi Arabia’s purchase of ADES International reduces the risk that the company’s contracts be cancelled or renegotiated, Fitch Ratings has said.
Saipem wins more North Field work
Qatargas has awarded a letter of award for pipelines under the North Field Production Sustainability (NFPS) project to Saipem.
Qatar signs on to cut LNG carrier costs
Qatar Petroleum (QP) has signed a deal backing LNT Marine's LNG containment system for new medium and large LNG carriers.
Saudi Arabia wealth fund to buy ADES
Innovative Energy has made an all-cash $12.5 per share offer to take ADES International into Saudi Arabian hands.
Israel blames illegal Iranian oil delivery for beach pollution
Israel has pointed the finger of blame for pollution of its beaches at Iran, saying an illegal delivery of crude to Syria had gone awry.
Adnoc cancels Shelf Drilling rigs
Shelf Drilling has reported an early termination for two of its rigs, both of which were contracted to Adnoc Drilling.
GMS wins cantilever work
Gulf Marine Services (GMS) has won a long-term contract for the GMS Evolution, its first under new management.
Jeddah closed after tanker attack
Saudi Arabian authorities have closed the Port of Jeddah following an explosion at the main tanker anchorage.
A stack more floaters are headed for the chop
The direction of travel appears clear; around a quarter of the current offshore floater rig fleet - ships and semi-submersibles - will be sent to the scrapyard near-term.
Tanker attacked in Saudi harbour as UN approved for FSO Safer inspection
Yemeni authorities have agreed to allow a United Nations expert mission to the FSO Safer, with the expectation that this will take place early in 2021.
Energean’s Karish project 85% complete
Energean expects its Karish gas project in Israel to reach first gas in the fourth quarter of 2021 and the Edison E&P deal to close this December.
Lamprell, ADES win Saudi contracts
Lamprell and ADES International have announced new contracts in Saudi Arabia.
Aramco suspends second Shelf Drilling rig
Saudi Aramco has suspended the contract for the Main Pass I jack-up for up to 12 months, Shelf Drilling has reported.