Saudi Arabia’s Bahri, the world’s largest owner and operator of very large crude carriers (VLCCs), closed the third quarter of this year with a 114% rise in its net profit that was attributed to improvement in operations.
The oil and gas sector is joining the energy transition, with net-zero pledges from the big oil and gas names already widely familiar. While its move towards the fully green and clean side of things is being done slowly and safely, the industry has encountered a push or two from the circumstances ar
Oil major BP has started gas production from its latest development offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.
Oil production costs have reached a new low, making deepwater one of the cheapest sources of new supply, according to Rystad Energy.
The United States is sanctioning six Chinese entities and two individuals over business relations with Iranian shipping company IRISL and its subsidiary Hafez Darya Arya Shipping Company (HDASCO). The State Department designated IRISL and IRISL’s Shanghai-based subsidiary, E-Sail Shipping Company Lt
Qatar’s Nakilat, the world’s largest LNG shipper, reported a 23.6 per cent jump in the third quarter of 2020.
Offshore drilling contractor Shelf Drilling has received a suspension notice for one of its jack-up drilling rigs.
Northern Offshore’s drilling rig Energy Enticer has started drilling operations with Qatargas.
Oil and gas company Energean has bought a field support vessel (FSV) to support its operations on the Karish field located offshore Israel.
This downturn’s impact on offshore pipeline demand is lighter than that of 2016 and recovery is likely to be swift, led by projects in the Middle East, Rystad said on Monday.
UAE-based port operator Abu Dhabi Ports, part of ADQ, has acquired MICCO Logistics, a local freight forwarder, becoming a fully integrated supply chain logistics provider.
Milaha, a maritime and logistics organizations in the Middle East, has entered into a formal agreement to cooperate with a giant American oilfield services firm, Schlumberger.
Offshore drilling contractor Vantage Drilling has secured more work for two of its rigs operating in Indonesia and Qatar.
Eni has made a new gas discovery in the Great Nooros Area, located in the Abu Madi West Development Lease, in the conventional waters of the Nile Delta, offshore Egypt.
