What Israeli energy minister would not reveal during the IHS CERAWeek on Wednesday, Delek Group revealed on Thursday. Namely, Minister Yuval Steinitz on Wednesday revealed that Noble Energy had submitted a plan for development of the Leviathan, the giant gas field offshore Israel. Asked by Offshore
Noble Energy has submitted a “very ambitious” development plan for the Leviathan, a giant gas field offshore Israel, Yuval Steinitz the Israeli Minister of National Infrastructure, Energy and Water Resources, said on Wednesday at an industry conference. Speaking at a press briefing during the IHS CE
Offshore marine services provider, PACC Offshore Services Holdings Ltd. (POSH), has secured long-term charters for five vessels in the Middle East with a combined contract value of approximately $85 million. The first contract is for the group to supply four new utility vessels to the specific requi
Abu Dhabi-based National Petroleum Construction Company (NPCC) has chosen the Swiss power and automation technology provider ABB to deliver electrical and telecommunication systems to the Al Nasr Full field Development Project in Abu Dhabi, UAE. ABB said the orders were worth around $18 million and
On the back of the oil production freeze agreed upon by Saudi, Russian, Qatari and Venezuelan energy ministers earlier in February, General Secretary of Opec, Abdalla Salem El-Badri, during the IHS CERAWeek in Houston on Monday, hinted there may be further action following the freeze. However, after
Engineering, procurement, construction and installation company McDermott has appointed Erich Kaeser to its board of directors. The appointment of Kaeser, who will serve on the company’s audit committee, is effective starting Tuesday, February 23, 2016. According to the company, Kaeser served in key
The protracted low price environment is pushing the offshore marine supply chain to breaking point. Rig managers, OSV contractors and subsea vessel owners are trading at 60-70% discounts to 2013 highs and every week seems to usher in a new wave of profit warnings, impairments or defaults, Douglas-We
JDR, the UK-based manufacturer of subsea umbilicals and power cables to the offshore oil and gas industry, has been awarded two umbilical contracts by McDermott in Middle East. The umbilicals will be delivered to undisclosed operators for two projects in the United Arab Emirates and Qatar. The first
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By Ahmad Ghaddar LONDON (Reuters) – Oil prices fell on Friday but are set for their first weekly increase this month as talk of a coordinated plan by producers to freeze output levels was tempered by a record build in U.S. crude inventories. Brent futures LCOc1 were down 45 cents at $33.83 a barrel
Paragon Offshore, an offshore drilling contractor, has stacked one of its drilling rigs after it arrived from India to UAE. According to the offshore driller’s February fleet status report, the 1975-built drillship Paragon MDS1 was stacked in the UAE as the rig was without a contract since October 2
Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining in – a major sticking point with Iran absent from the talks and determined to raise production.
(Reuters) – Oil ministers from Saudi Arabia, Russia, Qatar and Venezuela started a closed-door meeting in Doha on Tuesday, sources said, their highest-level discussion in months and a potentially pivotal sign that producers are preparing to tackle a devastating supply glut. An agenda and schedule fo
Nakilat-Keppel Offshore & Marine (N-KOM), the joint venture shipyard between Qatar’s Nakilat and Keppel Offshore & Marine (Keppel O&M), has delivered its first liftboat unit. The liftboat “Al Safliya” has been delivered to Qatari rig operator Gulf Drilling International (GDI), subsidiary of Gulf Int
