Lamprell, a provider of fabrication, engineering and contracting services to the energy industry, has signed an agreement with its largest client to extend options for its next jack-up rigs and has agreed a new option. Lamprell and the National Drilling Company of Abu Dhabi (NDC) recently signed an
Claudio Descalzi, CEO of Italian oil company Eni, met Thursday with the Egypt president Abdel Fattah el-Sisi to discuss Eni’s operations in Egpyt. According to a statement by Eni issued on Thursday, special attention was given to Eni’s progress on the plan for the development of the giant Zohr gas d
DNV GL, one of the world’s largest classification societies and advisory body for the offshore oil and gas industry, will launch a joint industry project (JIP) for jack-up industry players. Providing the reasons behind the JIP , DNV GL, pointed to the fact that a lack of properly assessed and define
Israel’s Delek Group has signed a preliminary agreement for the sale of gas from the giant Leviathan gas field in the Mediterranean. According to a filing on the Tel Aviv Stock Exchange, the Leviathan partners, Delek Group and Noble Energy, have signed a letter of intent with Egypt’s Dolphinus Holdi
Crude oil futures eased on Wednesday after prices hit two-week highs in the previous session as tension mounted in the Middle East following Turkey’s downing of a Russian warplane.
Grandweld, a United Arab Emirates shipyard, delivered one dive maintenance and support vessel TAWAM1 to the state-owned Abu Dhabi National Oil Company (ADNOC) on November 24. Grandweld both designed and built the 50m long vessel with a 65-ton bollard pull capability after signing a contract with ADN
OES Oilfield Services Group, a provider of inspection and project services to the oil and gas industry, has announced the appointment of Euan Lockhart as its Chief Executive Officer (CEO). Euan Lockhart recently served as CEO for the Middle East and Africa for ASCO Group and brings experience in the
Qatari Halul Offshore Services has recently procured an Offshore Support Vessel (OSV) Ship Handling Simulator. According to Halul, the firm is now one of the few companies in the Gulf region to own the Netherlands-built simulator, which is normally used in training schools. Halul’s CEO, Vivek Seth s
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Two Noble Corporation’s drilling rigs have experienced operational downtime with zero dayrate in the fourth quarter of 2015 due to maintenance and inspection. According to Noble’s latest fleet status report issued on Thursday, Noble Bully I drillship experienced 13 days of operational downtime at ze
Israel’s Delek Group has through its subsidiaries Delek Drilling and Avner Oil agreed to buy Noble Energy’s 47 percent stake in Karish and Tanin fields. According to Delek, the acquisition of Noble Energy’s stake in the Mediterranean Sea fields is valued at $67 million. Following the completion of t
Popular news, November 9 – 15, 2015
The world is awash with oil after having built record stockpiles in recent months and slowing demand growth combined with resilient non-OPEC supply could worsen the glut well into next year, the International Energy Agency (IEA) said on Friday.
Saudi Aramco, an integrated energy and chemicals company, and Hyundai Heavy Industries (HHI) Group have signed a general memorandum of understanding (MoU) to jointly collaborate on business development opportunities in the Kingdom of Saudi Arabia. The signing ceremony was presided by Amin H. Nasser,
