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
Exploration & Production
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