‘BW Athena’ Floating Production, Storage and Offloading Vessel (“FPSO”) has departed Dubai Dry Docks World to be met by a dedicated guard vessel. All FPSO production critical equipment was run and fully tested prior to vessel departure thus minimizing the period between arrival in the Athena field a
Drydocks World had a successful participation in the Offshore Arabia Conference and Exhibition, organised at the Dubai International Exhibition Centre from 27 – 29 February 2012. This year’s participation formed part of the company’s well-articulated strategy of increasing its influence in the oil,
Dubai based Dragon Oil, an independent oil and gas exploration, development and production company with producing assets offshore Turkmenistan, today announced it was no longer interested in Bowleven takeover. Two weeks ago, Dragon Oil released a statement which said that the company was exploring o
Rowan Companies, Inc., a major provider of international and domestic offshore contract drilling services with a leading position in high-specification jack-up rigs, announces that in the 4th quarter 2011 the company generated net income from continuing operations of $33.1 million or to $35.1 millio
Polarcus Limited, an UAE based seismic survey specialist, has received a Letter of Intent from an undisclosed client for a 3D seismic acquisition project offshore NW Europe. The program will commence imminently and is expected to run for approximately 75 days. Polarcus is a pure play marine geophysi
UAE-based Dragon Oil plc has strengthened of its Board of Directors with the appointment of Mr Thor Haugnaess as an additional Independent Non-executive Director to the Board of the Company. So as to facilitate his election under the Company’s Articles of Association, it is planned to co-opt Mr Haug
The UAE-based Grandweld Shipyards has recently delivered ‘ARADAH’, a 55m dive and maintenance support vessel (DMSV), especially built for ADNOC. The new DMSV is the first from its class to be built by Grandweld Shipyards and will serve as the flagship to ADNOC offshore fleet operating in the region.
Bowleven, a West Africa focused oil and gas company, based in Edinburgh saw its shares rise some 70% driven by speculation of a possible takeover by Dragon Oil. The shares rose to 133.67 pence at 12:18 GMT, which represents a five month high. Dubai based, Dragon Oil released a statement in which it
Technip, one of the world’s largest oilfield-services provider headquartered in Paris, France, has been awarded a contract by Kuwait Gulf Oil Company (KGOC), for the engineering, procurement, construction and commissioning assistance of their Gas and Condensate Export System project. The project is
Lamprell, a provider of diversified engineering and contracting products and services to the offshore oil & gas industry, announces the award by Leighton Offshore Pte Ltd, a Singapore based company, of a contract for the fabrication of two topsides and jackets with metering skid and associated pipin
As operators face the dual challenge of sustaining their production levels in mature regions and effectively exploiting the uncapped reserves in growth areas, such as, West Africa, US Gulf of Mexico and Brazil, the potential for subsea capital expenditure throughout the forecast period has increased
Atwood Oceanics, an international offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells, has been awarded a drilling services contract by Shemen Oil and Gas Resources Ltd., an Israel-based oil and gas company, for the Atwood Beacon ind
Baker Hughes Incorporated announced today that the international rig count for January 2012 was 1,171, down 9 from the 1,180 counted in December 2011, and up 10 from the 1,161 counted in January 2011. The international offshore rig count for January 2012 was 307, up 8 from the 299 counted in Decembe
Delek Group yesterday announced that Tanin #1 exploration well reached target and strong signs of natural gas were discovered, based on tests carried out during drilling by the Operator, Noble. The discovery well was drilled to a depth of 18,212 feet and encountered approximately 130 feet of gross n
