Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, announces that, further to its announcement of 3 December 2012, James Moffat has now taken up his role as Chief Executive Officer (CEO) for the Grou
Read Top News of the Week Feb 25 – Mar 2, 2013
Subsea 7, one of the world’s leading subsea engineering and construction companies, has launched an interesting video of its Seven Oceans deepwater rigid pipelay vessel. The ‘Seven Oceans’ flexlay lay vessel is suitable for the installation of rigid pipes up to a diameter of 16” on the ocean floor i
Grandweld Shipyards, a Dubai-based shipbuilder, has announced the signing of a contract with Kuwait Oil Company to design and build a series of four Crane / Workboat class vessels. The contract is valued at a total of USD 50m over the duration of the build. Grandweld’s Crane/Work boats are designed
PGS has completed its 6th MC3D survey offshore Lebanon, in preparation for the upcoming license round. On February 19, PGS completed its 6th MC3D survey offshore Lebanon, The 2,200 sq km PGS MC3D LEB2013 survey will be available for the upcoming license round. The survey, acquired in cooperation wit
Gazprom Marketing & Trading Switzerland AG and Levant LNG Marketing Corporation executed the Heads of Agreement (HOA), outlining the main terms of an exclusive offtake arrangement from Tamar floating LNG project for a 20 year period. The aim of the future deal is to expand Gazprom’s LNG marketing an
Waha Capital PJSC , an Abu Dhabi investment company, announced that it has sold its three Anchor Handling Tug (AHT) vessels held by its wholly-owned subsidiary, Waha Offshore Marine Services (WOMS), to Stanford Marine Group. Waha Capital has a 49% shareholding in Stanford Marine Group. WOMS was esta
Top News of the Week Feb 18 – 23, 2013
Rowan Drilling has secured a new contract for its jack-up rig Rowan California in the Middle East. The drilling contractor revealed in its fleet status update for February that the rig will be hired by Maersk Oil. The Denmark-based oil company will use the rig for drilling operations offshore Qatar.
Visiongain’s analysis indicates that the FLNG market will reach a value of $9.5bn in 2013, as confidence and investment continues in the regasification side of the market (FSRU) and final investment decisions are made on floating LNG production vessels (LNG FPSO). One core factor underpinning this i
In the following video Dr Carole Nakhle, an energy economist, based in London, UK, specialising in international petroleum fiscal regimes, world oil and gas market developments, and energy policy, is discussing risks and opportunities for potential investors regarding offshore oil and gas exploratio
Maersk Oil Qatar and Gulf Drilling International (“GDI”) have signed a four year agreement for 770 million Qatari Riyal (approximately $211 mln) under which Maersk Oil Qatar will contract the Al Jassra, GDI’s new-build jack-up drilling rig. The contract covers drilling and well work-over activity in
Top News of The Week Feb 11 – 16, 2013
Lebanon government today announced the opening of the pre-qualification phase of companies for the First Offshore Licensing Round. Companies interested in participating in the licensing of petroleum activities in the Lebanese waters, are expected to submit their offers in a sealed package by 28 Marc
