Borr Drilling Adds to Backlog
Borr Drilling Limited (NYSE and OSE: BORR) reported Wednesday that a set of new agreements for three of its jack-up rigs could add US$48...
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Art of Subcontracting
- Mar 28, 2021
- 3 min
Drilling activity is set for two consecutive years of growth but will lag pre-pandemic levels
A healthy recovery is poised to propel offshore drilling activity beyond pre-pandemic levels during the next two years. After a...
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Art of Subcontracting
- Mar 28, 2021
- 2 min
TechnipFMC enters wind project partnership
TechnipFMC announced it has entered into an agreement with Magnora ASA (Magnora) to jointly pursue floating offshore wind project...
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Art of Subcontracting
- Mar 28, 2021
- 2 min
Equinor makes big oil find in Norway
Equinor and partners VÃ¥r Energi, Idemitsu Petroleum and Neptune Energy have made the biggest discovery so far this year on the Norwegian...
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Art of Subcontracting
- Mar 28, 2021
- 1 min
Aramco likely to partner with China on blue hydrogen, CEO Says
Aramco is looking to work with China on blue hydrogen and ammonia, synthetic fuels and carbon capture utilization and storage. Saudi...
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Art of Subcontracting
- Mar 20, 2021
- 2 min
Rystad energy predicts record recovery for Offshore Oil & Gas Projects
Offshore oil and gas development set to recover from the pandemic shock to prices and demand. Commitments for offshore Oil and Gas...
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Art of Subcontracting
- Mar 20, 2021
- 3 min
ADNOC Group bans Petrofac from new contracts on bribery charges
Global engineering giant Petrofac has been banned from competing for new projects in the UAE after the company's former global head of...
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Art of Subcontracting
- Mar 20, 2021
- 1 min
Sparrows Group secures trio of Angolan contracts
Sparrows Group has secured one contract renewal and two extensions, worth a seven-figure sum, in Angola to support major operators in the...
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Art of Subcontracting
- Mar 20, 2021
- 1 min
Petrofac secures Iraq contract extension
Petrofac’s Engineering & Production Services division has secured a one-year contract extension worth around US$80 million with a key...
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Art of Subcontracting
- Mar 20, 2021
- 4 min
Renewables spending set for new record in 2021, says Rystad Energy
Capital expenditure for renewable energy projects is set for a new record in 2021, a Rystad Energy analysis shows, forecast to reach $243...
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Art of Subcontracting
- Mar 13, 2021
- 2 min
ENOC Group achieves $23.66mn in cumulative savings through innovation programme
Savings from employee ideas implemented for ENOC in 2020 more than doubled since 2019. ENOC Group announced $23.66mn in cumulative...
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Art of Subcontracting
- Mar 13, 2021
- 2 min
ADNOC LNG awards rejuvenation FEED contract to Worley
Rejuvenation to extend life cycle of two LNG trains located in ADNOC LNG’s Das Island facilities. Abu Dhabi National Oil Company LNG...
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Art of Subcontracting
- Mar 13, 2021
- 3 min
Offshore project commitments count set for record in coming years, deepwater to have top growth
Deepwater commitments will enjoy the largest growth as their cost has now become much more competitive against greenfield continental...
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Art of Subcontracting
- Mar 13, 2021
- 2 min
ADNOC and Petronas to explore opportunities across value chain
Areas of potential partnerships include Hydrogen, CCUS, R&D, Technology including EOR, bunkering, and exploration and hydrocarbon...
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Art of Subcontracting
- Mar 13, 2021
- 1 min
UAE jack-up hired for offshore wind work in China
UAE offshore services provide Zakher Marine International has signed its first offshore wind installation contract for an unnamed project...
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Art of Subcontracting
- Mar 6, 2021
- 1 min
Sheikh Khalifa bin Zayed issues resolution to form ADNOC's board
Sheikh Khalifa bin Zayed Al Nahyan, ruler of Abu Dhabi and chairman of the Supreme Council for Financial and Economic Affairs, issued a...
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Art of Subcontracting
- Mar 6, 2021
- 2 min
NEO Energy to become a top ten producer in the UK
Following the news that NEO Energy is acquiring ExxonMobil’s Central and Northern North Sea assets in the UK; Daniel Rogers, Senior Oil...
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Art of Subcontracting
- Mar 6, 2021
- 2 min
Noble Rig to Drill Offshore Australia Wells
Carnarvon Petroleum Limited (ASX: CVN) reported Wednesday the Noble Tom Prosser jack-up rig has been contracted to drill two exploration...
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Art of Subcontracting
- Mar 6, 2021
- 2 min
Valaris Clears Bankruptcy Hurdle
The U.S. Bankruptcy Court for the Southern District of Texas has approved Valaris plc’s (OTC: VALPQ) Chapter 11 prearranged...
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Art of Subcontracting
- Mar 6, 2021
- 2 min
Qatar Petroleum awards EPC contract to Samsung C&T
The $2bn contract, including options, was awarded on a lump sum basis and is the second major onshore EPC contract for the NFE project,...
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