Cyprus has signed an agreement with Egypt over the transport of natural gas between the two countries through a subsea pipeline. The agreement was signed on Wednesday in Nicosia between the Minister of Energy, Commerce, Industry and Tourism of the Republic of Cyprus, Georgios Lakkotrypis, and the Mi
Marine and offshore engineering consultancy Aqualis Offshore has appointed Ben Lazenby as director of the company’s Middle East operation, which now counts five offices in four different countries. Aqualis said on Tuesday that Lazenby succeeds Reuben Segal, who will now concentrate fully on his role
UAE’s Gulf Marine Services (GMS), a provider of advanced self-propelled self-elevating support vessels has secured a letter of intent for the charter of one of its offshore units The company on Monday said that under the proposed charter, the company would lease a large class vessel in the oil and g
Offshore rig builder Lamprell has delivered the “Ensco 140” LeTourneau-designed, Super 116E (Enhanced) Class jack-up drilling rig to Ensco. The UAE-based yard on July 26, 2016 said the rig’s delivery would be delayed, resulting in potential exposure to remedial costs and liquidated damages. On, Sun
Popular news, August 22 – 28, 2016
Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month, and as analysts pointed to an ongoing supply overhang that was weighing on markets.
Afer it last week informed the market on winning a contract with Schlumberger, Malaysian company Daya Materials Berhad on Tuesday shared more details. The company last week said it had won a deal to provide well services to Schlumberger in Saudi Arabia over a three-year period. In an update on Tuesd
Iran and Oman have intensified works on identifying the best route for a subsea pipeline that would carry Iranian gas to Oman. According to Alireza Kameli, managing director of National Iranian Gas Exports Company (NIGEC), studies to select the best route have started, and two routes are being consi
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The government of Israel has approved the delineation of new offshore oil and gas exploration sites to be offered to international oil and gas community. According to Israel’s energy ministry, a recommendation to open Israel’s waters to exploration was reached after 4 years during which the sea was
Damen Shipyards Sharjah (DSS) has won a contract to build a shallow draught, self-propelled jack-up pontoon for the UAE-based diving and marine support service company, Aqua Diving Services (ADS). Damen said on Thursday that, upon delivery, the jack-up will primarily be used to deliver offshore supp
The Norwegian seismic survey company Magseis sank to a loss during the second quarter of 2016 compared to a profit in the year-ago quarter as its revenues declined. The seismic player on Wednesday posted a net loss of $3.97 million for the 2Q 2016, compared to a profit of $1.6 million in the same pe
Oil fell for the first time in a week on Wednesday, but remained in sight of six-week highs, as investors weighed up how successful potential talks among producers to rein in ballooning oversupply would be.
The partners in Israel’s two offshore gas fields, Tamar and Leviathan, have agreed to sell all of their rights in two other fields, Tanin and Karish, located off Israel, to the oil company focusing on the Mediterranean and North Africa, Ocean Energean Oil and Gas. The agreement was signed on Tuesday
