Now in its 16th year, Insight to MENA at OTC, the welcome reception that kicks off the largest energy conference in the world, has become known as fertile ground for fostering relationships and facilitating international deals between companies across the globe. The event, scheduled for May 6th in T
Polarcus Limited, a UAE-based seismic acquisition specialist has reported its revenues for the Q1 of USD 144.8 million, up 45% from Q1 2012. The company’s EBITDA was USD 52.9 million, up 103% from Q1 2012. Net Cash Flow from operations was USD 40.5 million. In Q1 2013 Polarcus continued to deleverag
Dubai Maritime City, the world-class mixed-use maritime cluster today announced that it received Stig Ulstein, CEO of Norwegian company Ulmatec (Ulstein Marine Technology AS) along with Haavard Myrene, Director Business Development who visited Dubai Maritime City. He met Khamis Juma Buamim, Chairman
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Over the next five years, Quest expects an 88% growth in floating production system (FPS) award levels illustrating a strong resurgence of investment in high-capital, major deep water developments. This growth coupled with current high levels of offshore rig construction will buoy oil & gas related
Spectrum has announced the start of another Multi-Client 3D survey in the Levantine Basin offshore Lebanon. The survey is approximately 2,200 square kilometer in size and the acquisition will be carried out by Polarcus using its 12-streamer vessel ‘Adira’. The survey is directly North of Spectrum’s
Mott MacDonald has been awarded a five year engineering services consultancy contract by Al Khafji Joint Operations of Saudi Arabia covering the maintenance and development of the 40 year old Khafji oil field. Al Khafji Joint Operations Company is a joint venture between Aramco Gulf Operations Compa
BMT ARGOSS (BMT), a subsidiary of BMT Group, has recently completed a comprehensive evaluation of meteorological and oceanographic environmental conditions for the Martin Linge field in the Norwegian sector of the northern North Sea. BMT’s assessment also included the installation routes of associat
Pars Oil and Gas Company (POGC) has signed six agreements with domestic companies and contractors. The first agreement was for drilling four wells in Phase 1 of the giant offshore South Pars gas field for 140 million dollars. It was signed with the National Iranian Drilling Company (NIDC). The drill
VIDEO: Ulstein’s Stinger Handling System to Enhance Pipe-Lay Ops Norway’s Ulstein is currently customizing their innovative Chain type Stinger Handling system concept for three different companies on three different continents. The compact system improves both the vessel design and pipe-lay operatio
On April 17, CNPC Chairman Zhou Jiping met with BP’s Group Chief Executive Bob Dudley in Beijing. They had an in-depth discussion on cooperation concerning the upstream and downstream business in China, the Rumaila project in Iraq, and other matters. Zhou expressed that CNPC will keep promoting mutu
Lebanon yesterday announced results of the pre-qualification phase for the 1st License Round which will be held on April 30, 2013. Out of 52 companies, from 25 different countries all around the world, which sent their applications, 46 have qualified. The ministry has also announced that out of 16 c
Asia Offshore Drilling Limited has taken delivery of the jack-up drilling rig “AOD II” from Singapore’s Keppel shipyard. The ‘AOD II’ will now be mobilised to the Middle East to begin its drilling contract with Saudi Aramco. The contract, which is expected to start by end of June this year, has a mi
Qatargas has completed eleven years of operations on its offshore facilities without a Lost Time Accident (LTA) – a significant milestone demonstrating the company’s outstanding safety performance. Comprising nine offshore platforms, the Qatargas Offshore facilities supply gas and condensate to the
