Seadrill has signed a contract with Saudi Aramco for employment of the jack-up rig West Callisto offshore Saudi Arabia. The contract duration is a minimum of three years plus an option for a one year extension. The potential revenue for the three year period is approximately US$164 million plus a US
Drydocks World, international player in ship repair and rig upgrade, conversion and new building, announced that it will build the world’s largest turret weighing 11,500 tonnes for SBM Offshore, a pioneer in the offshore oil and gas industry, at its world-leading Dubai based shipyard. The turret wil
Drydocks World, international player in ship repair and rig upgrade, conversion and new building, announced that it will build the world’s largest turret weighing 11,500 tonnes for SBM Offshore, a pioneer in the offshore oil and gas industry, at its world-leading Dubai based shipyard. The turret wil
Reportlinker announced a new market research report “Global Alternative Energy Industry”. The global outlook series on Alternative Energy provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global Alternat
MENAdrill Investment Company ‘MIC’, incorporated in Cayman Islands and principally promoted by First Energy Bank ‘FEB’ (headquartered in Bahrain) has signed a 3 year $130m limited recourse islamic financing with Gulf International Bank B.S.C. ‘GIB’ as the Mandated Lead Arranger and Investment Agent
Unique Maritime Group, one of the world’s leading integrated turnkey subsea and offshore solution providers, announced that it has successfully completed an integrated meteorological-oceanographic system for Zakum Development Co (Zadco), the Abu Dhabi-based oil and natural gas exploration and produc
The multi-component seismic company Reservoir Exploration Technology ASA (RXT) has received a letter of award from an oil company for an ocean bottom cable survey in the Middle East. Formal agreement will be entered into. The survey is scheduled to commence during 2012 and is estimated to take 13 mo
The multi-component seismic company Reservoir Exploration Technology ASA (RXT) has received a letter of award from an oil company for an ocean bottom cable survey in the Middle East. Formal agreement will be entered into. The survey is scheduled to commence during 2012 and is estimated to take 13 mo
Saudi Arabia’s state run oil giant, Saudi Aramco, has decided that the company is ready for deepwater exploration in the Red Sea.
Fincantieri, the Italian shipbuilders, is going to extend the Al Fattan ship yard in Abu Dhabi as part of Etihad Ship Building (ESB), its new joint venture in the UAE, reports The National. “Etihad Ship Building is set to become our main logistical hub in an area which is of strategic importance for
The Arab News reports that Abdul Aziz Al-Tuwaijri, president of Saudi Ports Authority, on Sunday inked a number of contracts for the development and maintenance of ports at a cost of SR500 million (approx. USD 133,3 million). The signing ceremony was attended by Transport Minister Jabara Al-Seraisry
A UAE based seismic specialist, Polarcus, has received a Letter of Award by an undisclosed client for a 3D seismic acquisition project offshore Australia. The project will commence mid-April and is expected to run for approximately seven months. Polarcus is a pure play marine geophysical company wit
UTEC Survey announces opening of its new office in Dubai. The new entity will trade under the name UTEC Survey JLT, and will provide UTEC with the stronger presence in the Middle East and Caspian regions. The general manager of UTEC, Gordon Lyall, will lead the Office. According to Trade Arabia, Mar
On March 1, SOCAR President Mr. Rovnag Abdullayev met with the delegation led by the CEO of Qatar Petroleum International Mr. Nasser Al-Jaidah at Head office of SOCAR. Welcoming the guests, SOCAR President stressed the successful development of bilateral relations between Qatar and Azerbaijan and th
