Saipem secures lucrative offshore drilling contracts in Middle East and Mediterranean Sea
Saipem has announced that it has received two new offshore drilling contracts worth around US$550mn
E&P
ADNOC Drilling expands offshore operations with US$2bn contracts
ADNOC Drilling confirmed the award of five 10-year contracts, totalling approximately US$2bn, in support of ADNOC Offshore’s growing drilling operations
Iraq invites bids for 11 gas blocks
Iraq’s Oil Ministry is launching the sixth bid round, offering 11 gas blocks
Rig utilisation on the up: Wood Mackenzie
Rig utilisation has returned to pre-COVID levels, driving rates up 40% in the past year as demand is forecast to increase another 20% from 2024-2025, according to a recent report from Wood Mackenzie
ADNOC L&S awarded US$975mn contract for offshore island construction
ADNOC Logistics and Services plc (ADNOC L&S), a global energy maritime logistics leader, announced that it has been awarded a US$975mn artificial island construction contract by ADNOC Offshore
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