Global Drilling Rig Demand by Region, 2023 vs 2027. Source: Westwood Global Land Rigs
Demand from the Gulf Cooperation Council (GCC) countries is forecast to boost MENA land rig demand by almost 50% from 2023-2027, according to the latest edition of Westwood Global Energy Group’s World Land Drilling Rig Market Forecast.
Saudi Arabia's Energy Minister has announced that OPEC+ production cuts can be extended past the first quarter of 2024 if needed. (Image source: Adobe Stock)
The OPEC+ oil production cuts can “absolutely” continue past the first quarter if needed, Saudi Energy Minister Prince Abdulaziz bin Salman has said, pledging the curbs would be delivered in full
The Uni-Mini and Uni-Max USVs. (Image source: Unique Group)
Unique Group, global innovators in subsea technologies and engineering, has launched two new Unmanned Surface Vessels (USVs), the Uni-Mini and Uni-Max, designed for surveying operations and engineered to meet diverse operational needs across challenging environments
Fugro and SEA-KIT have collaborated closely to push the boundaries of USV technology. (Image source: Fugro)
Fugro has reached a binding agreement to acquire the remaining shares in SEA-KIT International, a long-standing partner in the development of hi-tech uncrewed surface vessels (USVs) for low carbon emission maritime operations and research
The scope of work comprises engineering, procurement, construction and installation of a new large offshore platform and brownfield work of integration with existing facilities. (Image source: Adobe Stock)
The Hydrocarbon business (L&T Energy Hydrocarbon – LTEH) of Larsen & Toubro (L&T) has received a Letter of Intent for a mega offshore order from a prestigious client in the Middle East
