Action Energy Company, Kuwait’s leading firm for upstream services and major owner and operator of rigs in the region, has secured a new credit facility and renewed and expanded an existing facility, from two local banks with a combined value of KWD40.9 million ($132.68 million), said the company.
Soiltech has been awarded three contracts to deliver fluid treatment (STT) services on rigs in the Black Sea, the Netherlands, and Norway. The STT will be applied differently on each rig, with solutions adapted to the specific composition of the fluids being treated.
Bahrain-based Arab Shipbuilding and Repair Yard Company (ASRY) has announced that it has successfully completed a series of major rig repair and upgrade projects for ADES Holding, a major unit of Saudi sovereign wealth fund PIF and a leading provider of jackup rigs to the oil and gas industry.
Archer and Patterson-UTI) have entered into an agreement for Archer to rent 2 high spec drilling rigs from Patterson-UTI.
