Japanese oil company with assets in the UAE, Abu Dhabi Oil Company Limited (ADOC), has awarded Técnicas Reunidas a new contract for the Early Production Facilities in the Hail field, offshore Abu Dhabi. The field is situated on the Mubarraz Island and its surroundings in the vicinity of Abu Dhabi. T
Oil prices remained low in early Asian trading on Tuesday following a slide of almost 3 percent the previous session, dragged down as concerns over Asia’s economic health mounted and as production remained high.
A conference planned for December in London to unveil new Iranian oil contracts has been postponed to February 2016, National Iranian Oil Company (NIOC) reported on Saturday. According to NIOC, its Managing Director Rokneddin Javadi said earlier in September that the new contracts would be unveiled
Gulf Marine Services, a provider of self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, has announced that the newly-built GMS Scirocco has been completed and has been awarded its first contract. GMS says the vessel will start a four-mont
OPITO on Tuesday revealed the shortlist of finalists for its Annual Global Oil and Gas Workforce Safety Awards. According to OPITO, the contenders for the Employer of the Year title are INSTEP/PETRONAS in Malaysia, OSRL in the UK and McDermott in Dubai, while Megamas Brunei, Petrofac Training Servic
Topaz Energy and Marine has ordered two subsea vessels from Vard Brattvaag in Norway for $115 million. The company has an option to order two more vessels of the same type. According to the future owner, the vessels will be specifically developed for light subsea construction with intervention dutie
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U.S. Energy Information Administration (EIA) said on Tuesday that, in response to the decline in crude oil prices since mid-2014, the number of active offshore rigs has declined worldwide, dropping close to 20%—304 offshore rigs were operating in August 2015, down from 377 in August 2014. According
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Kuwait is planning to start an offshore drilling project soon to boost its crude oil production. The planning chief at Kuwait Oil Company (KOC) Bader Al-Attar said this during a symposium organized by the Kuwait Ministry of Oil on Wednesday, as reported by the Kuwait News Agency, KUNA. “The company
Saudi Arabia’s state-run oil and gas company, Saudi Aramco, has appointed its CEO Amin H. Nasser as President, and also made a number of changes during a meeting in Jeddah, the company reported on Thursday. Nasser, who is also the member of the company’s Board of Directors, was appointed acting Pres
Offshore energy sector has seen continuous growth with 2015 capacity reaching around $7 billion, said Simon Williams, Chairman of The International Union of Marine Insurance’s (IUMI) offshore energy committee during this year’s IUMI conference in Berlin. However, Williams cautioned that $5.5 billion
Nexans has been awarded the contract to deliver 48km of static umbilicals to BP, and partner DEA, for the West Nile Delta Taurus Libra project in Egypt. The Taurus Libra development is a subsea project tied in to existing BG Group operated Burullus facilities, and the umbilical delivery forms an imp
Sparrows Group has won a five-year deal with Abu Dhabi Marine Operating Company (ADMA-OPCO) in the Middle East. The company’s local partner, Abu Dhabi Oilfield Services, will see Sparrows Group providing the operations and maintenance support to all cranes and lifting equipment aboard offshore platf
