Lamprell, a UAE-based builder of facilities used by the offshore oil & gas and renewable energy industries, has signed a definitive agreement for a new secured, fully-underwritten banking facility with three lending banks. Lamprell has said that drawdown is expected to take place shortly. The agreem
Marine Assets Corporation (MAC) has announced that itshe first in class 60m MAC/MAWEI in-house designed Multi-Purpose Support Vessel has set sail for sea trials. The vessel is the result of a market study carried out by Marine Assets Corporation and Fujian Mawei SY with the aim to create a compact,
Biggest jack-up in the world, first female director, video of offshore installation, bribery, project delays etc.
Polarcus, a UAE-based owner of high-end seismic data acquisition vessels, reported its revenues for the second quarter of 2014 were $137.6 million, an increase compared to $130.5 million in the same period last year, due to an increase in contract revenue. Contract revenue increased by 10% to USD 13
The Aberdeen-based provider of mechanical engineering services invests in high calibre people to spur future growth
Zora gas field development project, located 33 kilometres from the UAE coast line, is progressing well, Dana Gas has said today in its quarterly report. The company said it has awarded most of the contracts for the load out and installation of platform and topsides, the construction of the onshore g
Dana Gas, the Middle East’s largest regional private sector natural gas company, today announced its financial results for the six months of 2014 and second quarter ended 30 June 2014. In the second quarter of 2014, the Company reported a 70% jump in net profit to $ 46 million (AED 169 m) as compare
The government of the Sultanate of Oman has invited interested companies to bid for five oil and gas exploration blocks. Of the blocks offered as part of the Oman Bid Round 2014 two are located offshore the coast of Oman, while three are onshore. In a statement of the website of The Ministry of Oi
A high oil price and global political unrest has led to a sharp spike in major oil and gas arbitration cases for settling complex multi-million pound legal disputes. Research by legal firm Pinsent Masons found a leading arbitration body had received double the number of energy related cases in 2013
Marine seismic specialist Polarcus has informed that it will not be acquiring seismic data under the Letter of Intent signed in June. The company on June 16, 2014, received a Letter of Intent for a 3D marine seismic survey project for an undisclosed customer offshore West Africa. However, following
New offshore contracts; EU-Russia sanctions; Indian firms looking to Malaysia; Brazilian platform on fire; Offshore jobs advice….
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Italy’s Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately $850 million of which $540 million are related to offshore activity and refer to four different units of Saipem’s fleet. Saipem has signed with Eni Muara Bakau B.V. a
Gulf Marine Services has informed that contract extensions have been exercised for two of its Small Class vessels in the MENA region.
