Petrofac has been awarded a service contract worth US$500mn by BP for Rumaila oilfield in Iraq
Technology
GMS wins first small class vessel contract in MENA region
Gulf Marine Services (GMS), provider of advanced self-propelled self-elevating support vessels (SESV) for offshore oil and gas industries, has won its first contract for new small class vessel Pepper in the MENA region
Aqualis Offshore to move rigs for Saudi Aramco
Aqualis ASA’s subsidiary Aqualis Offshore has signed a rig moving service contract with Saudi Aramco
NDC launches five new rigs in UAE
National Drilling Company (NDC) in the UAE has inaugurated five new rigs for the maintenance of oilwells, which are part of NDC’s fleet expansion plans that cover onshore and offshore operations
SCPE acquires stake in UAE’s Topaz Energy and Marine (Bermuda)
Standard Chartered Private Equity (SCPE) has announced the acquisition of a minority stake in offshore support vessel operator Topaz Energy and Marine (Bermuda) through an equity investment of US$75mn