Abu Dhabi National Oil Company (ADNOC) announced a US$1.17bn contract for the hire of thirteen self-propelled jack up barges to drive offshore operational efficiencies and support the expansion of its crude oil production capacity to five million barrels per day (mmbpd) by 2030

The Oil and Gas Holding Company (nogaholding) and the Arab Petroleum Investments Corporation have signed a memorandum of understanding to promote collaboration between the two entities

Leading global energy services company Penspen has continued its momentum in the second quarter of this year, growing the business with the award of more than 27 new contracts totaling US$48mn across the international energy market

McDermott International has been awarded a Front-End Engineering Design (FEED) contract by QatarEnergy for the North Field South (NFS) Offshore Pipelines and Power/FO cables Project 

Abu Dhabi National Oil Company (ADNOC) announced that two contracts totalling more than US$3.4bn have been awarded to ADNOC Drilling to hire eight jack-up offshore rigs