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  1. Middle East Firms Ramp Up Drilling Fleets

    ...between offshore drilling contractor Valaris and Saudi Aramco. ARO started operations in October 2017 and currently operates 15 rigs. The venture says it intends to order 20 new jack-up rigs over the next decade and expects the first two to be delivered in 2023. This pair are to be constructed at th...

    Volume: 65
    Issue: 47
    Published at Fri, 25 Nov 2022

  2. Qatar’s Neighborly Exports Jump As Regional Leaders Reconcile

    ...e extent to which regional states are seeking to draw a line under the damaging Qatar embargo which lasted from June 2017 until January 2021 (MEES, 8 January 2021). That embargo was finally brought to an end at the 5 January 2021 GCC summit at Al Ula in Saudi Arabia. Disagreements may still happen be...

    Volume: 65
    Issue: 47
    Published at Fri, 25 Nov 2022

  3. Kuwait Sees Eighth Consecutive Deficit Despite Oil Revenue Surge

    ...tween the legislative and executive branches of government. Even a debt law required to ease the government’s reliance on direct oil revenues by tapping into its dollar reserves has been stuck since October 2017. Kuwait’s bloated government expenses have depleted its General Reserve Fund (GRF) by some KD...

    Volume: 65
    Issue: 47
    Published at Fri, 25 Nov 2022