Abu Dhabi’s national energy company TAQA has elected a new board of directors following the end of the previous board’s three-year term. TAQA said on Wednesday that the previous board of directors had overseen the completion of a two-year transformation program, delivering cumulative savings of AED
McKinsey Energy Insights (MEI), a specialist energy data and analytics unit within McKinsey consulting firm, has released its latest Global Oil Supply and Demand Outlook, which claims that oil prices will revolve around $60–70/bbl over the next three years. The report identifies five potential suppl
ZTT Group, Chinese manufacturer of cable systems, has received a contract from Emas Chiyoda and Italian company Saipem for three projects with oil giant Saudi Aramco worth $30 million. ZTT said that its 33kV and 15 kV cables would be installed at Saudi Aramco’s Hasbah II, Marjan & Zuluf, and Safaniy
Iran has launched new phases of the giant South Pars offshore gas field, which the country shares with Qatar, located in the Persian Gulf. According to the Iranian President Hassan Rouhani’s website, the president on Sunday ordered start of operations on gas platforms of Phases 17, 18, 19, 20, and 2
By Aaron Sheldrick TOKYO (Reuters) – Crude oil fell on Monday in quiet trading after the three-day Easter break on signs the United States is continuing to add output, undermining OPEC efforts to support prices, and as the market digested North Korea’s failed missile launch on Sunday. Benchmark Bren
Popular news, April 10 – 16, 2017
Lebanese government has extended a deadline to announce the results of the country’s second pre-qualification round related to its first offshore licensing round, which was re-launched earlier this year. According to a Wednesday announcement by the Lebanese Petroleum Administration (LPA), a regulato
By Alex Lawler LONDON (Reuters) – OPEC cut oil output in March by more than pledged under a supply reduction deal and said oil inventories had fallen in February, suggesting that its effort to clear a supply glut that has weighed on world oil prices is succeeding. But the Organization of the Petrole
Offshore support vessel provider Topaz Energy and Marine has made several new appointments to its senior management team. Topaz said on Tuesday that the company named Martin Helweg as the new chief operating officer (COO), Hicham Hachkal as the HR director, and Robert Desai as the chief commercial o
Sweden’s Sandvik Materials Technology will be supplying umbilical pipes for one of the largest offshore gas projects in the Mediterranean – the Leviathan. The company on Tuesday said it won a contract to the sole provider of stainless steel umbilical tubes for the Leviathan gas field, operated by th
Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, has been awarded a contract in the Middle East. According to the company’s statement on Monday, the short-term contract for one of its small cla
Global testing company Exova has been awarded a contract with McDermott to deliver a range of testing services for offshore oil & gas fabrication projects. Exova said on Thursday that it would be working from its Abu Dhabi laboratory, with support from Al Futtaim Exova Metallurgy in Dubai. The compa
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The international offshore rig count for March 2017 was once again down both sequentially and year over year, Baker Hughes reported on Friday. According to monthly rig count reports by the oilfield services provider, the international offshore rig count for March 2017 was 197, down 3 from the 200 co
