Wood Group has recently completed the seven-month front-end engineering design (FEED) for Noble Energy’s Leviathan Field Development Project in the Eastern Mediterranean Sea and has started the detailed engineering for the platform – including the topsides and jacket. Noble Energy, as the operator o
Dubai-based Dar Group has bought a 13.35 percent stake in the oilfield services provider WorleyParsons, after its takeover bid in 2016 was rejected. “Dar Group views WorleyParsons as the preeminent energy and design consultancy globally and respects the role the Chairman, Board and management team h
By Naveen Thukral SINGAPORE (Reuters) – Crude oil edged higher on Tuesday, underpinned by high compliance with OPEC’s production cuts even as the market remains anchored by rising U.S. production. The Organization of the Petroleum Exporting Countries (OPEC) has so far surprised the market by showing
Norway’s Farstad Shipping has secured charter deals for several of its offshore vessels. The company, soon to be part of the Solstad Farstad company after a recent merger deal, said on Monday it had found work for six of its vessels, of which five platform suppliers and one anchor handler. The Far S
Abu Dhabi national oil company Adma Opco has hired the Al Hudairiyat jack-up rig from National Drilling Company (NDC). The drilling rig was delivered by Lamprell earlier this month in the UAE. According to VesselsValue website, the rig will stay on a contract with Adma Opco for a year and a half, un
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The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) reported on Friday that OPEC and non-OPEC countries are on the right track towards full conformity with their adjustments in production but there is still room for improvement. The Joint OPEC-Non-OPEC Technical Committee (JTC) held its
Noble Energy has confirmed it has sanctioned the first phase of the Leviathan gas field development offshore Israel. The confirmation comes only hours after Noble’s Israeli partners in the field, Delek and Avner, said they had made the final investment decision for the project. The U.S. company said
Israeli firm Delek Group has said that the Final Investment Decision has been made for the development of the giant gas field in the Mediterranean – the Leviathan. The company on Thursday said its subsidiaries Delek Drilling and Avner Exploration had taken the fid the development of Phase 1A in the
By Mike Stone and Sumeet Chatterjee (Reuters) – Oil giant Saudi Aramco has asked JPMorgan Chase & Co <JPM.N> and Morgan Stanley <MS.N> to assist with its upcoming mammoth IPO and could call on another bank with access to Chinese investors, a source with direct knowledge of the matter said. The U.S.
Israel’s energy firm Delek Group has secured financing for its share of the Leviathan gas field development. The company on Tuesday said its subsidiaries Delek Drilling and Avner Oil Exploration – Limited on February 20, 2017 signed the financing documents with a consortium of local and foreign fina
Norwegian-based offshore supply vessel owner Boa Offshore has received payment related to a canceled charter by Gulmar Offshore for its former vessel Boa Rover. The company’s 100% owned subsidiary, Boa Shipping, received approximately $16 million as dividend on its claim against Gulmar Offshore Midd
Offshore Energy Today has recently shared several, very informative and interesting articles written by David Carter Shinn, a partner in the offshore rig brokerage firm Bassoe Offshore. We’ve now decided to pick his brains on one of the subjects that matter most to the offshore rig owners – be it th
The Nomination Committee of seismic acquisition company Polarcus has proposed Nicholas Smith to be appointed as a new member of the company’s board of directors. Polarcus said on Monday that the proposal made by the Committee, consisting of Kitty Hall, Karen El-Tawil, and Kristian Falnes, would be c
