Russia and Venezuela need to combine efforts to lift oil prices, President Vladimir Putin told his Venezuelan counterpart Nicolas Maduro on Thursday
Noble Energy, a U.S.-based oil and gas company, has called the government of Israel to act quickly and enable a quick development of Noble’s offshore gas fields, the Leviathan and Tamar. David L. Stover, Noble Energy’s Chairman, President and CEO, said: “Under the leadership of the Prime Minister an
Nexans, a France-based supplier of cables and umbilicals for the international oil and gas industry, has won a contract by Hyundai Heavy Industries Co (HHI) to supply its subsea cables for the development of the Nasr oilfield, offshore Abu Dhabi, UAE. This follows the award of a contract worth aroun
French seismic company CGG has completed the acquisition of a 3D seismic survey over the Hail and Shuweihat oil and gas fields in the Emirate of Abu Dhabi. The fields are located in a UNESCO World Heritage site. The survey, CGG conducted with the support of its Seabed Geosolutions joint venture with
Dubai-based seismic specialist, Polarcus, has signed a contract for a broadband 3D marine seismic project offshore Australia. The company said that it would be utilizing its XArray technique for this broadband high cross line density data acquisition. Polarcus did not disclose the identity of the cl
Rowan Companies, a U.S. drilling contractor, has secured several contract extensions, according to its August fleet update. Most notably, Saudi Aramco extended contracts for three jack-up units, Rowan Middletown, Charles Rowan, and Arch Rowan. The contracts have been extended for three years each, u
The International Energy Agency (IEA) has welcomed Dr. Fatih Birol as the new Executive Director. The energy agency notes that having worked at the IEA for 20 years, Dr. Birol starts the job with an intimate knowledge of where its strengths lie and where – and how – it can improve its ability to eff
Seismic specialist Polarcus has signed a contract a non-exclusive broadband 3D marine seismic project offshore Brazil. According to Polarcus, the project with an undisclosed client is expected to be approximately four months. Polarcus did not disclose financial details of the contract The dual azimu
Damen Shipyards Group has delivered a Damen Fast Crew Supplier (FCS) 2610 workboat, named AOS SWIFT for the Atlantic Maritime Group to be used for passenger and crew transfer to offshore platforms in the Strait of Hormuz. According to Damen, the delivery took place on August 20, 2015. The Dutch ship
Eni’s giant gas discovery made offshore Egypt could hurt Israeli gas exports, Israeli Energy Minister Yuval Steinitz said on Sunday, according to Reuters. After months of delays, Israeli cabinet recently approved a draft plan for Noble Energy and Delek to develop the giant Leviathan field offshore I
Iran’s South Pars oil layer and three gas fields will be offered to foreign investors at a conference in London where Iran has planned to unveil its new contract formula, the National Iranian Oil Company (NIOC) has quoted an energy official as saying. The conference planned for December is aimed at
Read the most popular news of the week.
A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals’ output.
Oil and gas service companies have fared better than expected in the first half of the year despite a weak market, thanks to deep-pocketed Middle Eastern customers and stringent cost cuts.
