Anadarko Petroleum Corporation today announced its 2012 capital program and guidance, and the highlights of its Investor Conference to be held on March 13, 2012. “Anadarko is off to a great start in 2012 as it continues to build upon the strong operational results of 2011, while positioning the comp
Dubai Maritime City, the world class centre for maritime activity in the Middle East region, announced today that it has signed a Land Lease (Mustaha) agreement for 25 years with ship repair and building entity, Dubai Shipbuilding. The Agreement was signed by Sheikh Juma bin Thani bin Juma Al Maktou
Leighton Offshore recently announced that following the successful hydrostatic testing of the onshore and offshore pipeline systems and subsequent final commissioning of the offshore export facility, crude oil was now flowing to a single point mooring (SPM) installed under the $799m Iraq Crude Oil E
Seadrill has signed a contract with Saudi Aramco for employment of the jack-up rig West Callisto offshore Saudi Arabia. The contract duration is a minimum of three years plus an option for a one year extension. The potential revenue for the three year period is approximately US$164 million plus a US
Drydocks World, international player in ship repair and rig upgrade, conversion and new building, announced that it will build the world’s largest turret weighing 11,500 tonnes for SBM Offshore, a pioneer in the offshore oil and gas industry, at its world-leading Dubai based shipyard. The turret wil
MENAdrill Investment Company ‘MIC’, incorporated in Cayman Islands and principally promoted by First Energy Bank ‘FEB’ (headquartered in Bahrain) has signed a 3 year $130m limited recourse islamic financing with Gulf International Bank B.S.C. ‘GIB’ as the Mandated Lead Arranger and Investment Agent
The multi-component seismic company Reservoir Exploration Technology ASA (RXT) has received a letter of award from an oil company for an ocean bottom cable survey in the Middle East. Formal agreement will be entered into. The survey is scheduled to commence during 2012 and is estimated to take 13 mo
Saudi Arabia’s state run oil giant, Saudi Aramco, has decided that the company is ready for deepwater exploration in the Red Sea.
A UAE based seismic specialist, Polarcus, has received a Letter of Award by an undisclosed client for a 3D seismic acquisition project offshore Australia. The project will commence mid-April and is expected to run for approximately seven months. Polarcus is a pure play marine geophysical company wit
On March 1, SOCAR President Mr. Rovnag Abdullayev met with the delegation led by the CEO of Qatar Petroleum International Mr. Nasser Al-Jaidah at Head office of SOCAR. Welcoming the guests, SOCAR President stressed the successful development of bilateral relations between Qatar and Azerbaijan and th
Delek Group has reported that Pinnacles #1 exploration well, situated close to Mari-B is due to start in the coming days and is expected to last for approximately 5 weeks. According to a report prepared by Netherland, Sewell and Associates (NSAI) the estimated unrisked gross prospective gas resource
UAE-based Polarcus Limited has received a Letter of Intent from an undisclosed client for a 3D seismic acquisition project offshore West Africa. The project will commence in April and is expected to run for approximately 4 months. The company did not disclose the value of the contract. Polarcus, hea
Dana Petroleum plc announces that Zeitco, its joint venture with the Egyptian General Petroleum Company (EGPC), has successfully completed its first well of 2012, A12Z on the East Zeit field ,located in the Red Sea. The well was drilled with the new-build Sino Tharwa jack-up rig Bahari 1 (Friede & G
AMEC, the international engineering and project management company, has been awarded a Project Management Consultancy (PMC) services contract by Abu Dhabi Marine Operating Company (ADMA OPCO) for the ‘execute phase’ of the Nasr Phase-1 and Umm Lulu Phase-1 field development projects offshore Abu Dha
