OPEC meets to talk further oil output cut extension

OPEC and several non-OPEC members are meeting on Thursday in Vienna to discuss further strategy on oil production. ...

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Observations on the recent MODU market

  By Charlie Hockless, Senior Offshore Analyst at VesselsValue Since 2014 we’ve seen a significant decline in ...

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OPEC set to prolong oil cuts

By Alex Lawler and Rania El Gamal VIENNA (Reuters) – OPEC will likely agree to extend production cuts for ...

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Proserv scoops $11M worth of Middle East contracts

Energy services company Proserv has been awarded contracts worth a combined value of more than $11 million for its ...

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Impairments drag Vallianz into red

Singapore’s Vallianz Holdings, a provider of offshore support vessels and  integrated marine solutions, ...

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Pacific Radiance in JV with Allianz Offshore

Singapore’s vessel operator Pacific Radiance has entered into a joint venture agreement with Allianz ...

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Saudi Aramco inks deals with U.S. companies

Oil giant Saudi Aramco has signed memorandums of understanding (MOUs) with oilfield service provider Schlumberger ...

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Popular news, May 14 – 21, 2017

The most popular articles of the week

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Al-Shaheen study award goes to Ramboll

Engineering consulting firm Ramboll has been appointed by the North Oil Company (NOC) to carry out a pre-FEED study ...

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Israel: Delek Drilling, Avner complete merger

Israel’s Delek Drilling and Avner Oil Exploration, both subsidiaries of Delek Group, have completed the ...

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Saudi Aramco picks NPCC for four offshore platforms

Saudi Aramco has awarded a contract to Abu Dhabi’s National Petroleum Construction Company (NPCC) for four ...

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Another five years for Al-Shaheen FSO duo

A joint venture between Euronav NV and International Seaways has signed a five-year deal for the service of the FSO ...

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EIA: OPEC's exports revenue on growth path after 2004-low

OPEC’s net oil exports revenues in 2016 fell to $433 billion, or some 15 percent from $509 million in ...

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GMS eyes further vessel utilization boost

UAE-based Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels (SESVs) serving ...

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Compensation claims rise in POSH, Makamin spat

Compensation claims rise in POSH, Makamin spat

Singapore’s offshore vessel owner POSH has yet to resolve its dispute with Makamin Offshore in Saudi Arabia. ...

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Saudi Arabia, Russia agree oil output cuts until March 2018

By Chen Aizhu BEIJING (Reuters) – Saudi Arabia and Russia, the world’s two top oil producers, agreed on ...

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Bassoe: What will offshore rig recovery look like?

The word “recovery” dominates most discussions about the offshore oil and gas industry these days – and ...

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Popular news, May 8 – 14, 2017

The most popular articles of the week May 8 – 14, 2017.

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OPEC sees much higher oil supply from rivals in 2017

By Alex Lawler LONDON (Reuters) – OPEC on Thursday sharply raised its forecast for oil supply from non-member ...

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More work for Paragon's jack-up rigs

Drilling contractor Paragon Offshore has been awarded work for three of its jack-up drilling rigs.  According to ...

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Getech to support Lebanon's first offshore licensing round

Geophysical contractor Getech has received an extension of the deal for the provision of consultancy services to ...

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Gulf Drilling signs $925M financing deal with QIB

Qatar Islamic Bank (QIB) has signed a $925 million financing facility with compatriot Gulf Drilling International ...

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Saudi energy minister: Oil output cuts may go beyond 2017

Saudi Arabia's energy minister Khalid Al-Falih said on Monday that oil markets were rebalancing after years of ...

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Popular news, May 1 – 7, 2017

allseas, pioneering spirit, brent delta

The most popular articles of the week May 1 – 7, 2017

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International offshore rig count for April down year-on-year

The international offshore rig count in April – meaning active rigs – was 201, an improvement March when the number ...

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Bassoe: The hunt for offshore rig deals continues

With rig owners and investors looking to scoop up assets at more realistic – but still low – values, transaction ...

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Eversendai puts its first liftboat on display

UAE’s Eversendai Offshore has loaded out the first of two liftboats it is building for Vahana Offshore. The ...

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