McDermott has secured a $1 billion-plus ADNOC EPCI contract for Package 4 of the Umm Shaif project, covering a new pressure boosting facility, jacket, topside and brownfield modifications.
Gulf Marine Services has secured a 183-day extension for a Small-class vessel in the GCC, with two further three-month options available to the client.
Saipem has secured a $1.8 billion EPCI contract in the Middle East covering offshore and subsea facilities, with the client and project details undisclosed.
KOIL Energy Solutions has formed an alliance with Pipeline Network to expand its subsea products, rental equipment, field services and customer support across the Eastern Hemisphere.
Arabian Drilling has received notice to resume three offshore rigs suspended earlier in 2026, with full offshore fleet utilisation expected by year-end.
Aquaterra Energy and James Fisher have partnered to combine engineering, well access, subsea operations and offshore execution under a globally applicable decommissioning delivery model.
The IMO has condemned recent attacks on commercial ships in the Strait of Hormuz, urging shipowners and authorities to avoid exposing seafarers to unnecessary risks while around 6,000 crew members remain stranded in the Persian Gulf.
The IEA warned that disruption in the Strait of Hormuz could push global oil demand into contraction in 2026 as supply losses and inventory declines accelerate.
CMA CGM confirmed its vessel CMA CGM San Antonio was attacked in the Strait of Hormuz, leaving crew members injured and the ship damaged.
