Reassess supplier availability and mobilisation terms for SURF and rigs

Home Fossil Energy Saipem exits Saudi Arabian shallow-water drilling playground with sale of jack-up rig fleet to ADES June 24, 2026, by 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

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. Gulf Driller VII or Perro Negro 11; Source: CIMC Raffles Saipem has disclosed a binding sale and purchase agreement (SPA) with ADES Saudi Limited Company, an indirect subsidiary of ADES, for the sale of the entire interest held through its subsidiary Saipem International in SAS, a company active in shallow-water offshore drilling opera

Mohamed Farouk, CEO of ADES Holding, commented: “The addition of five, high-specification premium jack-ups, with an average fleet age of 10. 4 years, further enhances our premium asset base and supports earnings visibility, strong cash flow generation and long-term value creation

Illustration; Source: Petrobras Petrobras has signed a memorandum of understanding (MoU) with Pemex for strategic and technical cooperation for the assessment, development, and joint execution of projects in the hydrocarbons industry, including the development of opportunities in the exploration and production (E&P) and industrial processes areas, as well as the exchange of experiences on regulatory and institutional aspects of the sector

Illustration; Source: Petrobras Petrobras has signed a memorandum of understanding (MoU) with Pemex for strategic and technical cooperation for the assessment, development, and joint execution of projects in the hydrocarbons industry, including the development of opportunities in the exploration and production (E&P) and industrial processes areas, as well as the exchange of experiences on regulatory and institutional aspects of the sector. The Brazilian giant underlined: “The agreement does not constitute a bi

The MoU is valid for two years and may be renewed

“Pipeline flushing and cleaning is a critical step in the decommissioning process and must be performed with precision

According to the firm, residual hydrocarbons were safely displaced from the pipeline, achieving verified hydrocarbon-free status in line with environmental standards. “This award from Subsea7 reinforces EnerMech’s position as a trusted partner for complex pipeline decommissioning projects

Home Fossil Energy EnerMech assists Subsea7 in decommissioning scope delivery June 24, 2026, by Aberdeen-headquartered integrated solutions specialist EnerMech has completed a pipeline flushing and cleaning workscope for Subsea7 as part of a field decommissioning program in the Gulf of Mexico. Source: EnerMech EnerMech reported it was in charge of flushing and cleaning a long-distance deepwater oil export pipeline, delivering an integrated solution incorporating high-pressure pumping, hydrocarbon filtration, and

Jadestone booked Velesto’s NAGA 8 rig to support infill drilling activities at the East Belumut Phase 9 project for a period of four months, starting in March

” The drilling campaign originally included two firm wells and a third contingent well targeting the southwest extension of the East Belumut field, which was identified in the 2023 infill program. Based on the strong performance of the first well and the subsurface data gathered during drilling of the second well, the third well has been confirmed, with drilling already ongoing

Based on the strong performance of the first well and the subsurface data gathered during drilling of the second well, the third well has been confirmed, with drilling already ongoing

For the offshore campaign, Saipem will deploy a combination of S-Lay and J-Lay vessels

A dual-marine base approach will see the firm use a logistics hub at Jules Sedney Harbour, which, spanning an estimated 30,000 to 40,000 m2, is dedicated to the reception, handling, and storage of all incoming pipes, equipment, and standard containers before they are loaded onto supply vessels bound for the offshore fields. The DORDT marine support base, also in Paramaribo, will serve to receive, store, and manage heavy subsea structures and manifolds

Home Fossil Energy Saipem preparing for SURF campaign offshore Suriname June 24, 2026, by Saipem has started operations for Suriname’s first large-scale offshore oil development, operated by TotalEnergies, as part of its subsea umbilicals, risers and flowlines (SURF) contract awarded in 2024. Source: Saipem Saipem is in charge of the engineering, procurement, supply, construction, installation, pre-commissioning and assistance for the commissioning and start-up of the SURF package, at water depths ranging from 1