Hezbollah issues threat against Karish’s September start
Hezbollah head Hassan Nasrallah has issued a new threat to Israel’s activities offshore, including around Energean’s Karish development.
Offshore
Adnoc L&S snaps up Zakher Marine International
Adnoc Logistics & Services is buying Zakher Marine International (ZMI), an Abu Dhabi-based owner operator of offshore support vessels (OSVs).
UK stumps up another £2mn for Yemen’s floating oil threat
The UK will provide another £2 million to help the FSO Safer, a deteriorating vessel holding around 1 million barrels of oil offshore Yemen.
Lamprell warms up to joint bid
Lamprell’s two suitors, Blofeld Investment Management and Al Gihaz Holding, have teamed up to make an offer for the company.
Israel shoots down Hezbollah drones headed for Energean FPSO
Israeli forces have shot down three Hezbollah drones that appeared to be heading for the recently arrived FPSO on the Karish field, in the Mediterranean Sea.
Lamprell shareholder considers offer
A potential offer may be in the offing for Lamprell, which announced recently it was seeking a buyer to help it solve its liquidity issues.
Lamprell posts for sale sign amid severe liquidity issues
Lamprell (LON:LAM) faces “urgent and severe liquidity constraints”, the company has admitted, with an immediate need for $75 million, due in June and July this year.
Shelf Drilling wins Aramco extension to 2025
Saudi Aramco has extended its contract with Shelf Drilling for a jack-up rig in the Arabian Gulf.
TotalEnergies first winner in Qatar LNG competition
TotalEnergies has won a 25% stake in the North Field East (NFE) LNG project, from QatarEnergy (QE).
Israel sets out plans for fourth bid round
Israel has begun preparations for a fourth offshore bid round (OBR 4), even while still waiting for the closing results of its third round.
Israel will secure Energean FPSO, warns off Lebanon
The Israeli government has stepped in to warn off Hezbollah and Lebanon from interfering with the recently arrived Energean Power FPSO, on the Karish field.
International Seaways sells Qatari FSOs
NYSE-listed International Seaways has completed the sale of a 50% stake in two FSOs in Qatar to Euronav.
Castoro 10 arrives in Black Sea as Sakarya aims for 2023
Saipem’s Castoro 10 has crossed through the Dardanelles to begin work laying pipelines for Turkey’s Sakarya field, aiming for first gas in the first quarter of 2023.
Energean FPSO arrives in Israel
Energean’s FPSO has arrived offshore Israel, aiming to begin producing from the Karish field in the third quarter.
McDermott wins major Qatari FEED work
McDermott International has won one of its largest ever front-end engineering and design (FEED) studies for an oilfield offshore Qatar.
Mubadala leans on gas to hit the 500,000 boepd mark
Abu Dhabi’s Mubadala Petroleum has reached 500,000 barrels of oil equivalent per day, for the first time in its history.
Cash needed to defuse Yemen’s floating oil bomb
The United Nations has begun securing funding commitments to tackle the dangers posed by the FSO Safer, offshore Yemen.
Saipem wins offshore drilling contracts in Middle East and West Africa
Italian energy contractor Saipem (BIT: SPM) has won new offshore drilling contracts in the Middle East and West Africa worth over $400 million.
Lamprell delays 2021 results on financing scramble
Lamprell has pushed back publishing its results as its board seeks alternative financing.
Energean sees landmark 2022 with Karish, dividends starting
Energean almost doubled its adjusted EBITDAX in 2021, from 2020, and expects first gas from its Karish project in the third quarter of this year.
Delek rebrands as NewMed, eyes Morocco growth
Delek Drilling is relaunching as NewMed Energy as the company expands into new areas, such as blue hydrogen and renewable power.
Greenpeace floats boom as short-term FSO Safer response
Greenpeace has called for the FSO Safer to be isolated with a boom as a short-term measure to prevent an ecological disaster.
Eni signs up logistics plan with AD Ports at Mugharraq
AD Ports has established a new agreement with Eni’s local subsidiary on setting up a marine logistics base.
“Global catastrophe” looms at Yemeni offshore oil storage site
The FSO Safer poses both a local environmental threat but also a major pitfall for shipping through the critical Red Sea and Suez Canal.
ADNOC invests $1billion in 60-year-old Umm Shaif oil field
ADNOC has announced an investment of nearly $1billion to extend the life of the Umm Shaif oil field which started up 60 years ago.