Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has delivered ARABDRILL 70, a KFELS B Class jack-up rig, to Arabian Drilling Company (ADC). According to Keppel, ARABDRILL 70 is the fourth KFELS B Class jack-up rig to work for ADC and it was completed three days ahead
Transocean, an offshore drilling contractor, has stacked several of its drilling rigs and has received a contract award for one of its jack-up rigs in the United Arab Emirates. According to Transocean’s October fleet status report, the company’s high-spec jack-up drilling rig, GSF Constellation I, h
Petrofac, a UK-based oilfield services provider, has informed that the first two modules sailed away for ZADCO’s Upper Zakum, UZ750 field development, located offshore Abu Dhabi. Petrofac is taking part in the development of the field in partnership with South Korea’s Daewoo Shipbuilding & Marine En
Unique Group, a provider of integrated subsea and offshore solutions, has acquired Oceanwide Safety at Sea in a deal that joins two diving industry service providers. Oceanwide provides design, construction and maintenance of self-propelled hyperbaric lifeboats. Its integration into Unique Group rep
The recent JCPOA agreement reached between Iran and the P5 +1, and approval by the Iranian Parliament, is a big step forward in normalising Iran’s relations with the international community, Douglas-Westwood, an energy intelligence group, said in its DW Monday report. DW said that, in anticipation o
Iran is planning to officially launch phases 15 and 16 of the large South Pars gas field in early November. Roknoddin Javadi, the deputy oil minister and managing director of the National Iranian Gas Company (NIGC), said his company was trying to bring part of the South Pars phases 19 to 21 on-strea
Popular news, October 19 – 25, 2015
Australia’s energy company Santos has rejected a takeover approach by Scepter Partners. Santos on Tuesday received a proposal from Scepter Partners, on behalf of the managed funds of its core stakeholders, to acquire all of Santos for a cash consideration of A$6.88 per share. Reuters says that the b
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The chief executive officers of 10 of the world’s largest oil and gas companies – which together provide almost a fifth of all oil and gas production and supply nearly 10% of the world’s energy – today declared their collective support for an effective climate change agreement to be reached at next
Global demand growth is expected to slow from its five-year high of 1.8 mb/d in 2015 to 1.2 million barrels per day (mb/d) in 2016 – closer towards its long-term trend as previous price support is likely to wane, the IEA Oil Market Report for October informed subscribers. Recent downgrades to the ma
Global offshore oil production in ageing fields will fall by 10 percent next year as producers abandon field upgrades at the fastest rate in 30 years, in the first clear sign of output cuts outside the U.S. shale industry, exclusive data shows.
OPEC forecast on Monday that demand for its oil in 2016 would be much higher than previously thought as its strategy of letting prices fall hits U.S. shale oil and other rival supplies, reducing a global surplus.
Lamprell, a UAE-based firm constructing drilling rigs for oil and gas industry, has named a new Chief Operating Officer (COO). The company said on Monday that Niall O’Connell has been promoted to the role of COO with immediate effect. O’Connell joined the Group in April 2013 as Vice-President (Proje
