Industry News

Oil States Industries (OSI) shared details regarding a previously announced acquisition of Aberdeen-based E-Flow Control Holdings (EFC), a global controls, monitoring, instrumentation and handling company.

Abu Dhabi National Oil Company (ADNOC) announced the award of two contracts totaling $2 billion to ADNOC Drilling for the Hail and Ghasha development project.

Noble Corp has entered into an asset purchase agreement to sell five jackups for $375 million to a newly formed subsidiary of Shelf Drilling. The

Odfjell Technology, an offshore operations, well services technology and engineering solutions supplier, has been awarded a three–year contract with Petronas through its local agent, Time

Saipem has been awarded new contracts for drilling offshore the Middle East and West Africa for a total amount of more than $400 million.Two contracts

Maersk Drilling has been awarded contracts with Shell for the Maersk Voyager drillship for drilling services offshore multiple countries. The contracts are expected to commence

Shell announced the start of production at PowerNap, a subsea development in the US Gulf of Mexico with an estimated peak production of 20,000 BOED.

Santos announced the Pavo-1 exploration well has confirmed a significant oil discovery 46 km east of the Dorado field in the Bedout Sub-basin, offshore Western