Mohammad Sanusi Barkindo, the recently-appointed Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), visited Paris on Friday to meet with Dr. Fatih Birol, the International Energy Agency’s Executive Director. According to the joint statement by OPEC and IEA, the two me
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Offshore Energy Today has recently interviewed Mr. Paul Appleby, Head of Energy Economics at BP. Mr. Appleby, who is responsible for the renowned BP Energy Outlook, will be a keynote speaker at Offshore Energy event in Amsterdam, on October 25. We touched upon a plethora of subjects from oil prices,
Oilfield services provider Baker Hughes informed on Thursday that the international offshore rig count for August 2016 was down by over forty rigs year over year. According to the report, the international offshore rig count for August 2016 was 228, up 2 from the 226 counted in July 2016, and down 4
Mermaid Maritime has won two subsea contracts in South East Asia and a contract extension in the Middle East. Mermaid’s Eastern Hemisphere business unit, through its subsidiary Seascape Surveys, has been awarded two additional subsea contracts in South East Asia with a total estimated potential cont
By Osamu Tsukimori TOKYO (Reuters) – Oil prices erased early losses to trade higher on Wednesday partly due to a weaker dollar, but gains were limited as market participants remained sceptical producers would reach an agreement to freeze output to rein in a global supply glut. London Brent crude for
Oil slipped towards $47 a barrel on Tuesday, falling further from the previous session’s one-week high on receding hopes for imminent action to tackle a supply glut.
Mermaid Maritime has named Graham McKnockiter as the Subsea Group’s Regional Director, Western Hemisphere. The company said on Monday that McKnockiter has extensive work experience in the offshore oil and gas industry. According to Mermaid, his appointment will contribute to the company’s strategy o
Partners in the Noble Energy-operated Tamar gas field offshore Israel have amended the previously signed gas sales deal with its largest customer Israel Electric Corporation. The part of the original deal that’s been amended is related to the exercising of the option to increase the gas quantities t
Offshore surveys are a necessary precursor for both oil and gas and renewable energy installations on the seafloor. However, current market conditions are forcing all parties in the supply chain to rethink their approach, said Douglas-Westwood in its DW Monday report. Douglas-Westwood (DW), an energ
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Topaz Energy and Marine, a Dubai-based offshore support vessel company, has christened its two newbuild light construction vessels. Topaz said on Wednesday it named its vessels Topaz Tiamat and Topaz Tangaroa after the Mesopotamian Goddess of salt water and the Maori God of the sea, respectively. As
Abu Dhabi National Energy Company PJSC (TAQA) has appointed Mohammed Al Ahbabi as acting CFO effective September 1, 2016. TAQA said on Wednesday that Al Ahbabi, who is currently deputy CFO of the company, will replace Grant Gillon. Saeed Hamad Al Dhaheri, TAQA acting COO, said: “Mohammed’s previous
Israeli energy company Delek Group is closing in on acquiring its first acreage in the UK sector of the North Sea. To remind, the company in July started talks with EnQuest, the operator of the Kraken development in the North Sea, over a possible stake sale. More precisely, Delek and EnQuest in July
