Gulf Marine Services Nets Two Jack-Up Contracts Extension

March 13, 2025

Gulf Marine Services Nets Two Jack-Up Contracts Extension
Illustration (Credit: Gulf Marine Services)

Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured three-year contract extensions with a major National Oil Company (NOC) in the Middle East for two of its vessels.

These extensions, secured at enhanced rates, build on an existing agreement, reinforcing GMS’s strong partnership with the client and its continued commitment to supporting the region’s offshore energy operations.

GMS secured backlog now stands at $558 million, according to the company.

“This contract extension highlights the robust and ongoing demand for our vessels in the region, driving consistently high utilization rates across our fleet.

“It reflects the trust our clients place in GMS’s capabilities and reinforces our strong position in supporting the Middle East’s offshore energy sector,” said Mansour Al Alami, GMS Executive Chairman.

Five-Year Contract Win for FPSO BW Pioneer

March 13, 2025

Five-Year Contract Win for FPSO BW Pioneer

Wavepiston Snags New Investors

March 12, 2025

Wavepiston Snags New Investors

OMV Petrom, NewMed Energy Partner Up for Offshore Exploration in Bulgaria

March 13, 2025

OMV Petrom, NewMed Energy Partner Up for Offshore Exploration in Bulgaria

Shell to Focus on Deepwater as it Exits Nigeria's Onshore Oil Production

March 14, 2025

Shell to Focus on Deepwater as it Exits Nigeria's Onshore Oil Production

Salunda Unveils Next-Gen Wireless Latch Monitoring Tool for Drilling Rigs

March 13, 2025

Salunda Unveils Next-Gen Wireless Latch Monitoring Tool for Drilling Rigs

US Grants $5B Loan to TotalEnergies for Mozambique LNG Project

March 14, 2025

US Grants $5B Loan to TotalEnergies for Mozambique LNG Project