Lamprell, a provider of engineering and contracting services to the energy industry, has completed construction of the jack-up drilling rig, Al Gharbia, and delivered it to Abu Dhabi’s National Drilling Company (NDC). Lamprell said that completion and delivery of the jack-up rig, on time and on budg
Ashtead Technology, a provider of subsea technology and equipment, has acquired Abu Dhabi-based TES Survey Equipment Services LLC for an undisclosed sum. Ashtead said on Thursday that the acquisition would enable the company to increase its customer service offering in the Middle East, a region whic
Gulf Marine Services, a provider of advanced self-propelled self-elevating support vessels serving the offshore oil, gas sector, has received two new contract awards for one of its large class vessels. The vessel will be supporting an engineering, procurement, and construction contractor in the Midd
KBR has been awarded two global agreements by the UK oil giant BP. The first agreement is for the provision of conceptual engineering services and the second for the provision of pre-front end engineering design (FEED) and FEED engineering services. Each agreement has a contractual duration of three
Scottish Unmanned Aerial Vehicle (UAV) inspection and survey services provider Cyberhawk Innovations has won another oil and gas UAV inspection contract with Dubai Petroleum. The company said on Monday that the three-year framework agreement for UAV inspections across all of Dubai Petroleum’s offsho
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The Oman Ministry of Oil & Gas has put four blocks up for grabs in the 2016 licensing round. The Ministry said on Wednesday that the blocks offered as part of the Oman Bid Round 2016 are Block 30, Block 31, Block 49, and Block 52. Bid submission deadline for Block 30 has already closed […]
Oilfield services provider Petrofac has secured a contract worth $75 million from the national Iraqi company South Oil Company (SOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP). Petrofac said on Wednesday that the contract is for one year, with a one-year option. The company was first a
In line with OPEC’s recent agreement to cut output to stabilize oil prices, Qatar’s oil production levels will be reduced effective January 1, 2017, Qatar’s state-owned oil company, Qatar Petroleum, said on Tuesday. Qatar Petroleum President and CEO, Saad Sherida Al-Kaabi, said: “This decision comes
Inspection Verification Bureau (IVB), a Great Yarmouth-based oil and gas verification and inspection company, has won new overseas contracts worth more than $7 million. IVB said on Monday that the seven new contracts are for work in The Netherlands, Egypt, and the Middle East. Namely, the contracts
Partners in the giant Leviathan gas field offshore Israel have approved the field’s development plan setting the target for the first natural gas production for the end of 2019. The field is operated by the U.S. oil company Noble Energy with Israeli companies, Delek, Avner Oil, and Ratio Oil Explora
Following the recent agreement by OPEC members to cut production to stabilize oil prices, the cartel on Saturday held a meeting with a number of non-OPEC nations which have committed to cut their output as well. Oil price on Monday rose to highest level since mid-2015. Ministers from OPEC met with s
Russian oil firm Rosneft has officially signed a deal to sell a 19.5% stake to Qatar Investment Authority, one of the world largest sovereign funds and Glencore, a commodities producer and trader. The sale, of which Offshore Energy Today wrote last week, will see the consortium pay 10.2 billion euro
Heavy lifting company ALE is wrapping up load-out operations for the Upper Zakum 750 Island Surface Facilities (UZ750) project offshore Abu Dhabi, UAE. ALE, a UK-based transportation specialist, secured a contract to deliver almost 100 different modules to the artificial islands of the Zakum oil fie
