Italy’s engineering, drilling, and construction services giant Saipem is divesting its shareholding in Saudi Arabian Saipem (SAS) to close its shallow water drilling chapter in Saudi Arabia, as it continues its shift to deepwater plays. This move enables ADES Holding Company, part of Saudi Arabia-headquartered ADES Group, to bring the Italian giant’s affected jack-up rigs into its fold, enlarging its rig fleet. The post Saipem exits Saudi Arabian shallow-water drilling playground with sale of jack-up rig fleet to ADES appeared first on Offshore Energy.

Brazil’s state-owned energy giant Petrobras has signed on the dotted line to look into establishing a collaboration with Mexico’s state-owned petroleum heavyweight Petróleos Mexicanos (Pemex) in the hydrocarbon realm. The post Petrobras and Pemex shake hands to explore partnership in oil & gas sphere appeared first on Offshore Energy.

Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has held a naming ceremony for a floating storage and offloading (FSO) unit slated for deployment at an oil field off the coast of Vietnam, Southeast Asia. The post Yinson Production’s Southeast Asia-bound FSO gets its name appeared first on Offshore Energy.

Aberdeen-headquartered integrated solutions specialist EnerMech has completed a pipeline flushing and cleaning workscope for […] The post EnerMech assists Subsea7 in decommissioning scope delivery appeared first on Offshore Energy.

Italy’s Prysmian has secured a framework agreement with Greek electricity grid operator Independent Power […] The post Prysmian lands €910 million job for Greek island grid interconnections appeared first on Offshore Energy.

Houston-headquartered oil & gas company Murphy Oil has made an oil discovery at the […] The post Murphy Oil makes oil discovery offshore Côte d’Ivoire appeared first on Offshore Energy.

Brazil’s state-controlled oil company Petrobras has placed a $427 million order with the Estaleiro Rio […] The post Petrobras orders four new tankers for $427 million appeared first on Offshore Energy.

Italian cabling giant Prysmian has received the notice to proceed for the construction of […] The post Green light for Prysmian to construct first interconnector between Europe and Africa appeared first on Offshore Energy.

Azule Energy, a joint venture between Italy’s Eni and the UK’s BP, has awarded Saipem […] The post Saipem wins $1 billion contract for Eni and BP’s recently sanctioned project appeared first on Offshore Energy.

West Natuna Exploration Limited (WNEL), a majority-owned subsidiary of Singapore-headquartered natural gas firm Conrad […] The post Another local company comes onboard Indonesian natural gas project appeared first on Offshore Energy.