Polarcus Limited announces that the Company has received a Letter of Intent for a 550 square kilometer 3D seismic acquisition project West of Shetlands, offshore United Kingdom. The project, subject to the execution of a service contract, will commence in August 2011 and is expected to run for appro
Noble Energy, Inc. announced recently that it has suspended drilling operations at the Leviathan #1 location, which was testing deeper potential in the well, offshore Israel. The Company identified wear on the wellbore casing, requiring additional material and equipment necessary to complete the dri
Petrofac, the international oil & gas services provider announces that its Saudi Arabian business, Petrofac Saudi Arabia, has achieved independent certification to international quality standard ISO 9001. The standard is for project management, engineering, design, procurement, construction manageme
Polarcus Limited announces the release today of the Company’s 2010 Annual Report, prepared in accordance with International Financial Reporting Standards (“IFRS”). The Polarcus 2010 Annual Report is available for viewing or download at www.polarcus.com About Polarcus Polarcus is a pure play marine g
Early production from the South Pars gas field phase 12, with 27 percent progress in onshore and 71 percent progress in offshore sector, will be started in March 2012,’ managing director of the Pars Oil and Gas Company (POGC), Mr. Souri announced. Stating the phase has generally progressed by 49 per
Polarcus Limited announces that the official steel cutting ceremony of newbuild NB293, named POLARCUS ADIRA, took place in March 2011. POLARCUS ADIRA is the second of two newbuild 3D seismic vessels ordered from Ulstein Verft AS of Norway and announced by Polarcus on 18 November 2010. The vessels ar
Polarcus Limited announces that the official steel cutting ceremony of newbuild NB293, named POLARCUS ADIRA, took place in March 2011. POLARCUS ADIRA is the second of two newbuild 3D seismic vessels ordered from Ulstein Verft AS of Norway and announced by Polarcus on 18 November 2010. The vessels ar
For the second consecutive year, premier regional port operator DP World, UAE Region has honoured a number of employees for their exceptional contributions to business excellence during 2010 under its unique “Taqdeer” initiative. During a ceremony attended by the company‟s senior executives and staf
The Syrian Ministry of Petroleum and Mineral Resources along with the General Petroleum Corporation (GPC) announced on 24th March 2011 the opening of the International Offshore Bid Round 2011 and will be inviting interested oil and gas exploration companies to participate. CGGVeritas, as part of an
VERIPOS has extended its Middle East operations with the opening of a branch office, in early February. The facility is based in Dubai at the premises of Emphor FZCO, VERIPOS’ territorial sales and support agents who are also present in Abu Dhabi, Doha and Jebel Ali. Jim Higgins has been appointed a
The ministry has plans to invest about $90 billion in the upstream and downstream sector of the South Pars gas field in the current Iranian calendar year (started March 21), Iranian Petroleum minister, Dr. Mirkazemi announced. He said that about $60 billion will be allocated to the upstream projects
Technip was awarded an engineering services contract by ZADCO* for the UZ 750 project, one of the major offshore field development projects in the United Arab Emirates. The project aims at increasing by 2015 the oil production of the Upper Zakum field (located in the Gulf, 84 kilometers offshore Abu
Technip was awarded an engineering services contract by ZADCO* for the UZ 750 project, one of the major offshore field development projects in the United Arab Emirates. The project aims at increasing by 2015 the oil production of the Upper Zakum field (located in the Gulf, 84 kilometers offshore Abu
Wireline and well intervention technology specialist Wireline Engineering has concluded an agency agreement with a local company in Oman to further develop its activities in the Omani market. The one-year agreement with Oman Oil Industries Supplies and Services Company (OOISS) has options to extend
