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Shell hires ADES rig for drilling ops offshore Brunei

ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has landed a new offshore drilling assignment for one of its jack-up rigs off the coast of Brunei with Brunei Shell Petroleum (BSP), a joint venture company between the Brunei government and the UK-headquartered Shell. The post Shell hires ADES rig for drilling ops offshore Brunei appeared first on Offshore Energy.

33 jack-up rigs change hands as ADES and Shelf Drilling tie the final merger knot

ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has put the finishing bow on the merger with the UAE-based Shelf Drilling, augmenting its offshore drilling fleet with 33 more jack-up rigs. The post 33 jack-up rigs change hands as ADES and Shelf Drilling tie the final merger knot appeared first on Offshore Energy.

Equinor books Axess for North Sea riser replacement work

Axess Technologies, a subsidiary of Norway-headquartered asset integrity management company Axess Group, has won a new riser replacement assignment in the Norwegian sector of the North Sea with Equinor, a compatriot state-owned energy giant. The post Equinor books Axess for North Sea riser replacement work appeared first on Offshore Energy.

$4 billion deal in hand as ADNOC scores 20-year gas supply assignment

ADNOC Gas, a subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), has secured a multimillion-dollar natural gas supply agreement with EMSTEEL, an integrated steel and building materials manufacturer, to power the United Arab Emirates’ industrial growth. The post $4 billion deal in hand as ADNOC scores 20-year gas supply assignment appeared first on Offshore Energy.

TGS picks up geophysical data deal for offshore oil & gas basins in Africa

Norwegian energy data and intelligence company TGS has secured the rights to market and license offshore geophysical data for the offshore acreage in the Comoros, a small island country in the Indian Ocean, off the eastern coast of Africa. The post TGS picks up geophysical data deal for offshore oil & gas basins in Africa appeared first on Offshore Energy.

Future of North Sea oil project may be up in the air as trio contemplates UK tax policy’s impact

Following the UK’s decision to retain its current fiscal and regulatory regime regarding Britain’s oil and gas policy, Aberdeen-based full-cycle energy business NEO NEXT Energy and its partners, Serica Energy and Jersey Oil & Gas (JOG), are expected to gather together to determine their next steps for a proposed oil redevelopment project in the North Sea on the UK Continental Shelf (UKCS). The post Future of North Sea oil project may be up in the air as trio contemplates UK tax policy’s impact appeared first on Offshore Energy.

£50 billion going down the drain as UK keeps oil & gas windfall tax in place

As the dust continues to settle over the United Kingdom (UK) government’s decision to retain the energy profits levy (EPL), known as the windfall tax on oil and gas profits, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has expressed its dissatisfaction with the move it portrays as a bitter blow to the UK’s energy workers and industry players. The post £50 billion going down the drain as UK keeps oil & gas windfall tax in place appeared first on Offshore Energy.

Fugro fortifies Asian presence by setting up remote operations shop in Malaysia

Dutch geo-data specialist Fugro has taken a step to expand its footprint in Southeast Asia with the launch of its new remote operations center (ROC) in Malaysia’s Kuala Lumpur, which is anticipated to enable the Netherlands-headquartered giant’s personnel to control offshore survey operations remotely. The post Fugro fortifies Asian presence by setting up remote operations shop in Malaysia appeared first on Offshore Energy.