Deputy Oil Minister and managing director of National Iranian Oil Company, Ahmad Ghalehbani took part in Moscow International Energy Conference on Thursday. In his address, Ahmad Ghalehbani mentioned the role of strategic Strait of Hormuz in the region: “Strait of Hormuz can be a unifying factor as
Omanexpo will present a surprising but interesting twist to the otherwise traditional inauguration ceremony of the much-awaited OGWA (Oil & Gas West Asia) 2012. This is part of the company’s initiatives to take its shows to a new level by implementing significant changes that reflect the importance
Polarcus Limited, a seismic specialist headquartered in Dubai’s supersupertall skyscraper, the Almas Tower, has received a Letter of Intent from an undisclosed client for two 3D seismic survey projects offshore Norway. According to the Letter of Intent the program should start in mid-May and is expe
Polarcus Limited, a seismic specialist headquartered in Dubai’s supersupertall skyscraper, the Almas Tower, today accepted delivery of Polarcus Amani seismic vessel. This is the seventh vessel for 3D seismic acquisition that has entered Polarcus’ fleet, so far. Polarcus Amani was constructed at Ulst
Saipem has been awarded new E&C Offshore contracts in Brazil and Saudi Arabia, worth approximately $700 million
Miclyn Express Offshore’s subsidiary, Express Offshore Solutions (“EOS”), has secured further project and pipe transportation contracts totalling US$14.1 m in revenue. These contracts involve both direct and transhipment transportation of pipes from fabrication yards to installation vessels using ca
In offshore drilling, Saipem has been awarded by Eni an extension of its contract for the charter of the semisubmersible drilling rig Scarabeo 7, for drilling activities in Indonesian waters.
Oil and gas production from offshore resources is of considerable importance for energy companies as existing base resources are being depleted at a rapid rate. New oil discoveries of significance are becoming less common, with the majority of major finds being offshore.
Hercules Offshore, Inc. announced yesterday the execution of a definitive agreement to acquire the offshore drilling rig Ocean Columbia from Diamond Offshore Drilling, Inc. The purchase price is $40 million in cash. Ocean Columbia is a LeTourneau Class 82 SD-C jack-up drilling rig registered and fla
Dockwise Ltd., a Dutch heavy-lift and transportation company, today announces six new awards totaling USD 57 million, for execution in H1 2012 and 2015. The wins include a reservation contract, securing the transportation of a spar buoy for the Statoil operated Aasta Hansteen offshore production fie
McDermott International, Inc. announced today that one of its subsidiaries was awarded an engineering, procurement, construction and installation (“EPCI”) project for Al-Khafji Joint Operations (“KJO”), in the Hout field in water depths up to 31 meters. The EPCI project comprises more than 600 tonne
The well was completed as a dual producer to a depth of 2,765 metres. It tested for initial production at 1,682 barrels of oil per day at the short string with the long string testing at 1,714 barrels of oil per day.
Under the 15-year agreement, IEC is expected to purchase approximately 2.7 trillion cubic feet (Tcf) of natural gas as fuel to provide electricity to the state of Israel and retains, under certain conditions, an option to expand the agreement quantity to approximately 3.5 Tcf.
Halul Offshore’s expansion strategy aims at improving the technical capabilities of its fleet and also expanding the fleet size to selectively expand its geographical presence
