Reassess Mobilisation and Yard Exposure Ahead of New Rig Contracts

Home Fossil Energy Arabian Drilling set to kick off rig ops offshore Oman before quarter-end August 25, 2026, by Arabian Drilling, described as Saudi Arabia’s largest onshore and offshore drilling contractor by fleet size, has expanded its footprint in the Gulf Cooperation Council (GCC) with a multi-well assignment off the coast of Oman. Illustration; Source: Arabian Drilling Arabian Drilling signed a contract with Masirah Oil and Northern Offshore on August 17, 2026, with a value of less than 5% of total reven

Fahad Albani, Chief Executive Officer of Arabian Drilling, commented: “Securing a newcontract in another GCC country after the successful completion of our first international offshore contract ahead of schedule represents an important milestone in Arabian Drilling’s growth journey

The contract marks Arabian Drilling’s entry into a new GCC market, with operations expected to begin before the end of the third quarter of 2026

” While engineering and project management activities will be led from McDermott’s offices in the United Arab Emirates, fabrication will be carried out at QMW, the firm’s joint venture fabrication yard in Qingdao, China

“Leveraging our extensive regional experience and integrated execution capabilities, we look forward to supporting ADNOC’s production objectives and contributing to the UAE’s long-term energy ambitions. ” While engineering and project management activities will be led from McDermott’s offices in the United Arab Emirates, fabrication will be carried out at QMW, the firm’s joint venture fabrication yard in Qingdao, China

The EPCI job with ADNOC comes two months after McDermott secured a place among contractors Saudi Arabia’s Aramco picked for a project management consultancy (PMC) long-term agreement (LTA) to support delivery of large-scale energy, downstream, petrochemical, and low-carbon projects

headquartered oil and gas giant ExxonMobil, has come to Guyana, where it will undergo final offshore preparations and commissioning ahead of first oil from the Stabroek block operator’s fifth project that integrates the development of the Snoek, Mako, and Uaru resources in the South American country on the continent’s northeastern Atlantic coast. Guyana’s Ministry of Natural Resources, in its announcement from August 21, 2026, welcoming the FPSO’s arrival, discloses the timeline for the unit’s start-up, which

” This FPSO is the Japanese firm’s first for use in Guyana and its 18th FPSO/FSO project delivered for operations in South America

The FPSO Errea Wittu, which will be deployed approximately 200 kilometers offshore Guyana, at a water depth of 1,690 meters, using a SOFEC spread mooring system, will be able to store around 2 million barrels of crude oil