Noble Energy and its partners in the Leviathan field, located offshore Israel, were advised by the Israel Anti-trust Authority of its decision to not submit the Consent Decree to the Anti-trust Tribunal for final approval. In response, Noble Energy and partners have requested a hearing on the topic
A story on Halliburton’s decision to cut workforce amid tough market conditions was the most read during the week December 15 – 21, 2014. Also, Wood Group PSN’s news on slashing salaries for workers offshore & onshore UK came in as the second most popular piece during the week. According to our st
Lamprell has announced the completion of construction on a further jack-up drilling rig, the “Shuwehat”, and its delivery to Abu Dhabi’s National Drilling Company (NDC). This follows the recent announcement on November 12, when the Group received a new contract award from NDC for the construction of
Nordic Maritime, an offshore service operator, has announced its MKIII subsea service vessel Mokul Nordic has been renamed Nordic Prince and has started a long term charter for Noble Energy after arriving in Haifa, Israel. Nordic Maritime was awarded a five-year charter for the DP2 IMR Subsea vessel
Vallianz Holdings Limited has secured a time charter award worth $97 million with “one of the world’s largest” national oil companies in the Middle East (NOC). However, Vallianz did not reveal the name of the client in question. Under the award, Vallianz will supply a specialized vessel for up to fi
An article about SBM Offshore laying off 1200 workers was the most read news story of the week. You have also read about a new report commissioned by Oil & Gas UK stating that the UK offshore oil & gas industry will hire 12.000 new workers over the next five years, ConocoPhillips slashing its 2015 c
World’s second largest provider of oilfield services, Halliburton, will let a thousand workers go, according to reports. The layoffs will affect workers in Europe, Asia, Africa and Middle East, while there will be no workforce cuts in America. Reportedly, Halliburton spokesperson told AFP that the j
Qatar Kentz, a member of the SNC-Lavalin, has been awarded a four-year contract by Qatar Shell for its Pearl Gas-To-Liquids facilities in Qatar.
Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35 percent increase in energy demand by 2040, according to a new report released yesterday by ExxonMobil. As demand increases, the world will continue t
Gulf Marine Services, a provider of advanced self-propelled self-elevating support vessels (SESV) has won the first contract for its new Mid-Size Class vessel GMS Shamal. The vessel is currently being built at GMS’ quayside facility in Abu Dhabi and is on schedule to be completed in Q2 2015 when it
Coretrax, a specialist in wellbore clean-up and abandonment, has appointed a global business development director to focus on the expansion of the company’s global presence. John Fraser joined Coretrax in 2010 as business development manager and has recently been promoted to the newly-created positi
Halliburton has appointed Abdulaziz F. Al Khayyal to its board of directors. The appointment was effective Dec. 4, 2014 and Al Khayyal will stand for election by stockholders at the annual meeting in May 2015. Al Khayyal spent more than 30 years at Saudi Aramco before retiring from the company as se
Last week was all about South Stream pipeline cancellation and therefore some of the most read stories in the first week of December were related to South Stream. You have also read about Schlumberger axing its seismic fleet and workforce and offshore worker being evacuated from the North Sea platfo
Baker Hughes Incorporated has posted an international rig count report for November 2014 on its Investor Relations website according to which the international offshore rigs are up from last month. The international rig count for November 2014 was 1,324, up 16 from the 1,308 counted in October 2014,
