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News
Aramco awards EPC contract for world’s largest offshore field
Aramco has awarded an engineering, procurement, construction and installation (EPCI) contract for its $1 billion Safaniya offshore increment project to China Offshore Oil Engineering Co (COOEC), according to data from DMS Projects.
The EPCI works on the Safaniya offshore increment project, which w read more
May,25th 2023
Saipem awarded $650 million offshore contracts
Saipem has been awarded three new offshore contracts and two FEED contracts worth approximately $650 million.
The first contract has been awarded by Azule Energy for the Agogo Full Field Development project, a deepwater greenfield development, approximately 180 kms offshore Angola. The contract encompasses read more
April,4th 2023
Offshore is back: Middle East projects to drive over $200 billion investments
The offshore oil and gas sector is set for the highest growth in a decade in the next two years, with $214 billion of new project investments lined up, Rystad Energy reported.
Although the Middle East is leading the way, Rystad Energy’s research shows that South America, the UK and Brazil ar read more
April,4th 2023
SWIRE PACIFIC OFFSHORE (SPO) ACQUISITION BY TIDEWATER
SWIRE PACIFIC OFFSHORE (SPO) ACQUISITION
Tidewater Inc. has more than 65 years of experience supporting offshore energy exploration, production, generation, and offshore wind activities worldwide. The company intends to expand its geographic operating footprint in the offshore vessel industry through the purchase of read more
October,12th 2022
Siem Offshore seals three-year OSCV charter with Subsea 7
Norway’s Siem Offshore has secured a three-year charter contract from Subsea 7 for the 2014-built offshore subsea construction vessel (OSCV) Siem Stingray.
The contract will commence in direct continuation of its current commitment, securing further firm utilisation, the company said.
The vessel will b read more
October,4th 2022
Aramco awards EPC ...
Aramco has awarded an engineering, procurement, construction and install... read more