The International Energy Agency has warned that the U.S. sanctions on Iran could cause a spike in oil prices later this year, thus affecting the oil demand growth. Oil demand might also be hit by trade tensions. In its report in for July released on Friday, IEA first said that previous concerns abou
The international offshore rig count for July 2018 increased both sequentially and year-over-year, according to a monthly report issued on Tuesday by Baker Hughes, a GE company.
The Emirate of Ras Al Khaimah in the UAE has seen an increased level of interest from Indian companies in the 2018 RAK licensing round.
U.S. President Trump on Monday signed an executive order reimposing economic sanctions on Iran
Magseis, a Norwegian geophysical company, has been granted an extension for a cable operation in the Middle East.
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The development of the giant Leviathan gas field in the Mediterranean Sea, offshore Israel is nearly 60 percent complete.
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Shelf Drilling has completed the purchase of the Ocean Scepter jack-up rig from Diamond Offshore.
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Rowan Companies is keeping its rigs busy with contracts in the U.S. Gulf of Mexico, off the UK, and in the Middle East region.
Mermaid Maritime has been awarded a subsea services contract with an initial contract value of $16 million in the Middle East.
Italian oil and gas giant Eni has won Wood Mackenzie’s Most-Admired Explorer title, an accolade awarded in conjunction with Wood Mackenzie’s industry-leading annual Exploration Survey. This is the third time in a row Eni has won the award.
Milestone Aviation and Leonardo have been selected to renew the medium helicopter fleet of Aramco Overseas Company, a subsidiary of oil giant Saudi Aramco.
