U.S. energy company Noble Energy, Inc. has received approval from the Israeli authorities for the development of the Leviathan project offshore Israel. The approved Plan of Development (POD), submitted earlier this year, envisions a subsea system that connects production wells to a fixed platform lo
Abu Dhabi National Energy Company PJSC (Taqa), has appointed Saeed Hamad Al Dhaheri as acting chief operating officer (COO). Al Dhaheri joined Taqa in 2014 as Executive Vice-President Business Support. According to the oil company, during the past two years, he led a global restructuring project tha
OPEC is set for another showdown between rivals Saudi Arabia and Iran at a meeting on Thursday, with Riyadh trying to revive coordinated action and set a formal oil output target but Tehran rejecting the idea.
VesselsValue, a well-known website covering the shipping sector and providing values for the shipping vessels, is moving into the offshore market. Namely, the company has launched VesselsValue Offshore, covering the offshore support vessels sector. The VV Offshore database currently has almost 6.000
VIENNA (Reuters) – A Nigerian oil technocrat has emerged as frontrunner to take the top job at OPEC, with members seeing Mohammed Barkindo as what would be a rare compromise candidate to lead the group amid rising tensions between Saudi Arabia and Iran. Barkindo has been a key face of the Nigerian o
Lamprell, a provider of fabrication, engineering and contracting services to the energy industry, has signed a Joint Development Agreement (JDA) for establishing a maritime yard, at Ras Al Khair in eastern Saudi Arabia. The maritime complex will provide engineering, manufacturing and repair services
By Alex Lawler, Rania El Gamal and Reem Shamseddine VIENNA (Reuters) – For OPEC watchers, every little detail matters. When the oil producer group holds its half-yearly meetings, what time the ministers arrive in Vienna, how they speak and which hotel they stay in – anything will be analysed in an a
Partners developing the Leviathan gas field offshore Israel, have signed a deal to sell $3 billion worth of gas from the field to Israels’ IPM. According to Israeli media, the deal was revealed during the weekend and entails the partners in the field will supply gas to IPM over the period of 18 year
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Mermaid Maritime has announced that it has, through its subsidiaries, signed seven different subsea contracts and two contract extensions. The contracts were obtained by Mermaid’s subsidiaries Mermaid’s Western Hemisphere (MSSW), Mermaid’s Eastern Hemisphere (MSSE) and associate Asia Offshore Drilli
Big news from Russia. According to a report, a Russian shipyard has scored a mega deal to build offshore drilling rigs for the Iranian oil and gas industry. According to this week’s report by Reuters, Russian shipyard Krasnye Barrikady has secured a contract to construct five offshore drilling rigs,
Danish oil company Maersk Oil is reportedly facing fierce competition over the operatorship of Qatar’s largest offshore oil field – Al Shaheen. According to Reuters, which cited anonymous sources, oil majors such as, Shell, BP, Total, Chevron, and ConocoPhillips have all submitted bids to take over
DeepOcean has been awarded a contract for the provision of post-lay trenching of a 42km power cable from the shore to an offshore location in the United Arab Emirates. The company did not say who the client was. The financial details of the deal were not disclosed either. DeepOcean will use its T1 m
Offshore support vessel company Topaz Energy and Marine saw a boost in its first quarter 2016 profit, but a decrease in revenues due to low vessel utilization and pressure on rates. The company on Monday posted a first quarter 2016 net profit of $2 million, an 81.8% increase compared to $1.1 million
