Reassess OCTG Sourcing Amid Rising Offshore Drilling and Fabrication Demand

Speaking during a televised interview with ARY News, Malik noted that while the pricing of Iranian gas is closely comparable to liquefied natural gas (LNG) imported from Qatar, infrastructure readiness remains the decisive factor for Pakistan's energy strategy. "In the case of Iranian gas, Pakistan would have to invest billions of dollars in laying pipeline infrastructure, which would significantly increase the overall cost of the project," Malik said

The pipeline project, conceived to help Pakistan combat its chronic energy shortages, has faced decades of delays, largely driven by the threat of international sanctions related to Iran's nuclear program. The dispute over the unfinished pipeline has now escalated to an international arbitration court, where Iran has previously threatened to impose multi-billion-dollar penalties on Pakistan for failing to construct its side of the pipeline

Malik declined to comment extensively on the specific legal proceedings but expressed optimism about a potential breakthrough outside the courtroom

News OEG to support Bass Strait offshore drilling operations through 2036 May 12, 2026 OEG has secured a multi-million-dollar long-term contract extension to support offshore drilling operations in Australia’s Bass Strait, including the supply, maintenance and servicing of certified offshore cargo carrying units through the expected end of field life in 2036. News Angola’s Block 2/05 advances with successful Espadarte appraisal well May 12, 2026 Etu Energias and partners successfully completed the Espadarte 7S

News Transocean secures $185 million in offshore drilling contracts June 17, 2026 Transocean has secured approximately $185 million in new contract backlog after winning offshore drilling work for the Transocean Norge in Norway and the Transocean Equinox in Australia, extending utilization of its harsh-environment semisubmersible fleet

News Angola’s Block 2/05 advances with successful Espadarte appraisal well May 12, 2026 Etu Energias and partners successfully completed the Espadarte 7ST2 appraisal well in Angola’s Lower Congo basin, with initial testing delivering stabilized production rates between 2,000 and 2,500 bopd and confirming multiple productive reservoir intervals offshore

Article SBM executive sees strong FPSO market on back of deepwater trend April SBM Offshore’s Group Business Development director is very enthusiastic about the market ahead for FPSO construction and operation, given the plethora of deepwater projects expected, not only in established markets like Brazil, Guyana and West Africa, but in places like Suriname, Namibia and others

News bp unlocks major gas resource at Azerbaijan's ACG field June 01, 2026 bp and its ACG partners have commenced the first commercial non-associated gas production at the Azeri-Chirag-Gunashli field offshore Azerbaijan, opening a new development phase with an estimated 4 Tcf to 6 Tcf of recoverable gas resources

Offshore Decommissioning Decommissioning News CB&I acquires Petrofac Asset Solutions to expand O&M services December 26, 2025 CB&I is set to acquire Petrofac’s Asset Solutions business, adding offshore operations and decommissioning services to its portfolio and bringing 3,000 employees under its umbrella

The move strengthens CB&I’s footprint in international energy markets and diversifies revenue beyond EPC work. Article TAQA awards Brae Alpha major decommissioning contract October 2025 This major contract award to Allseas is another milestone in TAQA’s North Sea decommissioning strategy

Article TAQA awards Brae Alpha major decommissioning contract October 2025 This major contract award to Allseas is another milestone in TAQA’s North Sea decommissioning strategy

With the emergence of data centers and drought conditions in West Texas, the demand for new water will be increasing, and treated produced water will be there to fill that demand. Article Produced water treatment market: The next big wave in industrial sustainability March As issues such as water scarcity, environmental regulations, and corporate sustainability mandates come to the forefront, produced water treatment has become a strategic imperative for industries far beyond oil and gas

Article Produced water treatment market: The next big wave in industrial sustainability March As issues such as water scarcity, environmental regulations, and corporate sustainability mandates come to the forefront, produced water treatment has become a strategic imperative for industries far beyond oil and gas. It is one of the fastest-growing segments in the water treatment industry, which has emerged as an amalgamation of environmental stewardship, regulatory compliance and technological innovation

News Oil and gas firms get more time under EPA’s revised methane rule November 27, 2025 EPA has finalized a rule extending compliance deadlines for methane-leak detection and equipment upgrades, giving U