Top News of the Week March 11 – 16, 2013
HR faces big challenges in the oil and gas industry due to an ageing working force and huge skill shortages, according to Derek Massie, former SVP HR at deepwater drilling company, Seadrill.
India’s Punj Lloyd Group, a leading engineering, procurement and construction (EPC) conglomerate, today announced receiving an offshore project in Al‐Khafji, Saudi Arabia from Al Khafji Joint Operations. The project, worth Rs. 314 crores (USD 57.75 million), is scheduled for commissioning in Septemb
Asia Offshore Drilling Limited (“AOD”), has signed drilling contracts whereby AOD’s jack-up drilling rigs ‘AOD II’ and ‘AOD III’ will be providing drilling services to the Saudi Arabian Oil Company (“Saudi Aramco”) for operations in offshore Saudi Arabia. The drilling contracts have been entered int
DOF Subsea Group has entered into an agreement where the 1978 built vessel Geobay is sold to a Middle East buyer. DOF said that the selling price is slightly above book value of the vessel. The sale is expected to be completed after the ongoing project utilizing the vessel is finalized in May 2013.
In the following article, which Offshore Energy Today is sharing with permission from World Review, Dr. Carole Nakhle, an energy economist, based in London, UK, specialising in international petroleum fiscal regimes, world oil and gas market developments, provides her view on Cyprus’ Aphrodite gas d
Unique System FZE, a Unique Maritime Group Company, which is one of the world’s leading integrated turnkey subsea and offshore solution provider, announced its appointment as an authorized distributor of Lamor for the Middle East region for their entire range of Oil Spill Response Kits. Lamor (Larse
While gas demand in Europe will struggle to recover to pre-financial crisis levels until the latter half of this decade, overall global gas demand continues to grow strongly, Ben Hollins, Head of Gas & Power Research for Wood Mackenzie told delegates in a presentation at FLAME 2013 in Amsterdam toda
An increase in offshore discoveries is prompting a surge in exploration activity across the Middle East and Africa and driving up the amount spent on drilling, states the latest report form business intelligence firm GBI Research. The company’s latest oil and gas report forecasts offshore drilling e
Qatar Petroleum (QP) and Wintershall announced today that they have made a gas discovery in exploration Block 4 North, offshore Qatar. Qatar Petroleum representing the Government of the State of Qatar and Wintershall entered into an Exploration and Production Sharing Agreement (EPSA) for Block 4 Nor
Watch the full video of a speech BP’s CEO Bob Dudley delivered at last week’s IHS Ceraweek. The speech titled: “Challenging Opportunities: The US, Russia and the World’s Energy Journey” covered developments in US energy trends and the challenges that lay ahead while focusing on the importance of the
Top News of the Week March 4 – 9, 2013
Noble Energy, Inc. has announced results from its second Leviathan appraisal well located in the Rachel license offshore Israel. The Leviathan #4 appraisal well was drilled to a total depth of 16,992 feet and encountered 454 net feet of natural gas pay in multiple intervals, the thickest net pay of
Offshore Solutions BV (OSBV), the joint venture between AMEC and Cofely Nederland NV, continues to build on recent successes in The Persian Gulf, after being awarded a Variation Order (VO) to its existing contract with Qatar Shell GTL Limited (Shell Qatar) for a second Offshore Access System (OAS),
