Iran has installed an offshore platform at Phase 19 of the supergiant offshore gas field South Pars. National Iranian Oil Co. said Sunday that the installation of the platform 19A had taken place on Saturday. The company said that the installation of the structure, weighing over 2,700 tons, took onl
Unique Group, an integrated subsea and offshore solution provider, has completed the acquisition of Oceanvision PTE and Oceanvision Equipment Services PTE. The acquisition was done through Unique’s subsidiary, Unique Maritime Group (SEA) PTE. Oceanvision will now be part of the Unique Group of compa
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By Christopher Johnson LONDON (Reuters) – Oil prices rallied from sharp losses on Thursday but brokers said the downtrend could resume soon as record-high stocks and worries over slowing economic growth dampened sentiment. Brent crude oil <LCOc1> was up 50 cents at $46.76 a barrel by 0745 GMT. U.S.
Mermaid Maritime has been awarded a contract to provide technical support service personnel to a national offshore oil and gas engineering, procurement, installation and commissioning company with large-scale projects internationally. According to the company’s press release on Wednesday, the contra
Global oil supplies rose by 0.6 mb/d in June, to 96 mb/d, after outages curbed OPEC and non-OPEC supplies in May, while production was 750 kb/d below as higher OPEC output only partially offset non-OPEC declines, International Energy Agency (IEA) has informed in its Oil Market Report for July. IEA s
Subsea IMR provider N-Sea has opened an office in Dubai as part of the company’s continuing global growth strategy. N-Sea said on Monday that its new office would increase the company’s presence in the Middle East with operations due to start in August. The new office will allow the company to condu
Popular news, July 4 – 10, 2016
Oilfield services provider Baker Hughes informed on Friday that the international offshore rig count for June 2016 was down both sequentially and year over year. According to Baker Hughes’ report, the international offshore rig count for June 2016 was 223, down 6 from the 229 counted in May 2016, an
Offshore Energy Exhibition & Conference 2016, to be held in Amsterdam, The Netherlands, in October this year, will be hosting a technical session on offshore industry opportunities in Iran. Iran, a large Middle Eastern country, has found itself in the energy industry limelight again following the li
Penspen and Dar Al Handasah, operating as a joint venture, have been awarded a new project management contract by Kuwait Gulf Oil Company to manage the engineering, procurement and construction of a new gas and condensate pipeline. According to Penspen, the contract is worth $10 million. The pipelin
U.S. oil and gas company Noble Energy, Inc. will sell a 3 percent working interest in the Tamar field, offshore Israel. The buyers are Harel Group (“Harel”), an insurance provider and pension manager in Israel, in partnership with Israel Infrastructure Fund (“IIF”), Israel’s largest infrastructure p
Polarcus, a marine seismic acquisition company, on Tuesday posted its fleet utilization figures for the second quarter of 2016. Utilization for the quarter was 91%, up from 80% in the second quarter of 2015. By category, 76 percent of vessel utilization came from contract seismic, and 15 percent fro
Iran’s officials are reviving the idea of developing oil fields using buy-back deals that international oil companies dislike, suggesting renewed tensions between hardliners and reformists over the future of the industry.
