Renaissance Services SAOG has announced that its Board of Directors has approved the raising of up to Rial 50 million (USD 130 million) of additional capital through a quasi-equity instrument, subject to regulatory provisions and the shareholders’ approval. The offering will be open to current share
Grandweld Shipyards has secured contract to design, build, and deliver three 33.5M fast aluminum crew boats for Zamil Offshore. The contract was signed by Mr. Sufyan Al Zamil, President of Zamil Offshore, and Mr. Jamal Abki, General Manager of Grandweld Shipyards last week. The 33.5M fast crew boats
Technip, a global specialist in project management, engineering and construction in the energy industry, confirms its commitment to Abu Dhabi and the Middle East markets by moving its Regional Headquarters to a brand new building in Al Reyhan zone on Muroor Street. The three previous locations, Tech
Noble Energy, Inc. today announced results from its Leviathan appraisal well in the Amit license offshore Israel. The successful Leviathan #3 well, located more than three miles east of the original Leviathan discovery, encountered approximately 290 net feet of natural gas pay in multiple intervals.
Offshore Middle East has announced the addition of Mr. Abdelkader Haouari, Offshore Operations Manager, Qatargas Operating Company Limited as part of the growing Advisory Board for the 4th Offshore Middle East Conference & Exhibition which will return to Qatar in 2013. To be held at the Qatar Nation
Leighton Offshore last week officially launched its new engineering business in Malaysia. DPS Leighton Engineering Sdn Bhd (LE), a fully owned subsidiary of Leighton Offshore, provides engineering and PMC solutions for Leighton’s international EPCIC and LOFS business. Leighton’s detailed engineering
Rostam Qasemi, Iran’s Energy Minister, announced a massive natural gas field discovery in Iranian part of the Caspian Sea. He said that the field is situated in a water depth of 700 meters containing 50 trillion cubic feet of natural gas. Shana quted Qasemi saying that “Iran’s Gas reserves went up t
Petrobras’ Director for Exploration and Production, Guilherme Estrella, won the 2011 Dewhurst award at the 20th World Petroleum Congress (WPC) in Doha, Qatar, on Thursday, Dec. 8. The award is named after Thomas Dewhurst, who created the first WPC back in 1933. World Petroleum Congress President Ran
Canada’s GeoGlobal Resources Inc. is facing disputes over its stakes in Israeli offshore gas exploration licenses. On Tuesday, Myra and Sarah license holders Modiin Energy LP and Israel Land Development Company Energy Ltd. announced that GGR had not transferred the money by the deadline for the acqu
(Bloomberg) – Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, will miss this year’s production target because of safety work on offshore rigs. Petrobras, as the company is known, won’t achieve average output of 2.1 million barrels a day this year, Chief Executive Officer Jose Sergio
Future growth in world energy demand is a cause for optimism because it will signal economic recovery and progress, Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation, said today at the 20th World Petroleum Congress in Doha, Qatar. ExxonMobil is forecasting the global
UAE based company specializing in high-end towed streamer data acquisition, Polarcus Limited, has signed a Letter of Intent with an undisclosed client for a 3D seismic acquisition project offshore West Africa. The project, to be acquired by ULSTEIN SX124 design vessel, Polarcus Nadia, will start thi
Polarcus Limited, a Dubai-based marine geophysical company, has signed a Letter of Intent with TGS-NOPEC Geophysical Company ASA (TGS) for the charter of the 12 – 14 streamer 3D seismic vessel POLARCUS AMANI. The charter, of minimum 5 months duration and subject to the execution of a service contrac
TWMA, a provider of complete waste management technologies and services to the global oil and gas industry has today appointed Danny Murray to the newly created position of business development manager for the Middle East and North Africa (MENA). This move comes as TWMA announces its plans to set up
