Saudi Arabia’s purchase of ADES International reduces the risk that the company’s contracts be cancelled or renegotiated, Fitch Ratings has said.
Rigs & Vessels
Qatargas has awarded a letter of award for pipelines under the North Field Production Sustainability (NFPS) project to Saipem.
Qatar Petroleum (QP) has signed a deal backing LNT Marine's LNG containment system for new medium and large LNG carriers.
Innovative Energy has made an all-cash $12.5 per share offer to take ADES International into Saudi Arabian hands.
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.
Shelf Drilling has reported an early termination for two of its rigs, both of which were contracted to Adnoc Drilling.
Gulf Marine Services (GMS) has won a long-term contract for the GMS Evolution, its first under new management.
Saudi Arabian authorities have closed the Port of Jeddah following an explosion at the main tanker anchorage.
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.
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 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 and ADES International have announced new contracts in Saudi Arabia.
Saudi Aramco has suspended the contract for the Main Pass I jack-up for up to 12 months, Shelf Drilling has reported.