Middle Point, the recruitment & contracting company for the maritime and offshore industry, has secured a deal to supply contract personnel to Qatar Petroleum for the Bul Hanine offshore redevelopment project. Located 120 km from Qatar’s east coast, the $11 billion Bul Hanine redevelopment project i
Energy consultancy company Xodus Group has won a series of international vibration contracts which brought the company’s total contract value for this year to £5 million (approx. $7.5 M). Managed through its vibration specialists in the UK and the UAE, the projects involve identifying and reducing v
Crude prices edged away from nearly 7-year lows on Tuesday as China reported strong commodity imports despite economic weakness, but overall the market remained under pressure due to global oversupply compounded by OPEC’s decision to keep output high.
Air Energi, the global workforce solutions provider for the energy, process and infrastructure sectors, has been selected to supply contract personnel to Qatar Petroleum. Air Energi said they signed the five-year agreement, with a two-year extension option, to support the national oil company’s (NOC
Baker Hughes, one of the world’s largest oilfield services companies, reported on Monday that the international offshore rig count for November 2015 has dipped when compared to the same period last year and October 2015 rig count. According to Baker Hughes’ report, the international offshore rig cou
Singapore’s Vallianz has secured a time charter contract valued at up to $98 million to supply four offshore support vessels to an undisclosed client in the Middle East. In a statement issued Monday, Vallianz said the client was an existing state-owned customer in the Middle East, which is one of th
Popular news, Nov 30 – Dec 6, 2015
OPEC looked unlikely to take steps to cut oil production to lift languishing prices at a meeting on Friday, potentially worsening one of the worst crude gluts in history.
China’s Sinopacific Shipbuilding Group has ordered a package of power and propulsion equipment and deck machinery from UK’s Rolls-Royce. Under the agreement, the UK-based company will equip nine SPA80A Anchor Handling Tug Supply vessels to be designed and built by Sinopacific Shipbuilding Group and
audi Arabia appears to have floated the idea of a global deal to balance oil markets and lift prices from around the lowest levels in six years although fellow producers Iran, Iraq and Russia on Thursday rejected its main idea of cutting output.
Gulf Marine Services, a provider of liftboats supporting offshore energy industry, has secured a new $620 million debt facility. According to the UAE-based company, the syndicated loan facility combines Islamic and conventional financing and will replace the Group’s existing funding facilities with
With the exploitation of new cost-effective operational concepts, use of digital technologies and increased dependence on cyber structures, the oil and gas industry is exposed to new sets of vulnerabilities and threats, DNV GL writes in an article identifying the biggest cyber security threats to th
International oilfield services company, Expro, has expanded its Middle Eastern presence with a five-year contract win in Qatar. The company said it would provide well intervention and slickline services including high deviation and heavy-duty fishing offshore Qatar, as well as in drilling and worko
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