Al Rayan Investment LLC, a wholly-owned subsidiary of Masraf Al Rayan announced a joint venture with Malaysia-based oil and gas services company, SapuraCrest Ventures Sdn Bhd, formerly known as Petro-Plus Sdn Bhd – a wholly-owned subsidiary of Sapuracrest Petroleum Berhad. Joint venture called Sapur
UAE-based Maritime Industrial Services Co. Ltd. Inc. will today sign an agreement with Mosvold Middle East Jackup Ltd (MEJU) to settle the contractual dispute that began in August 2009 and which has since then been the subject of arbitration. The effect of the agreement is as follows: • MEJU has ent
Dubai Multi Commodities Centre (DMCC) announced today that Topaz Energy and Marine has begun operations from Almas Tower as a DMCC… [mappress] Source: zawya. , May 24, 2010;
A British consultant’s report says that the gas pressure at the Tamar well is one of the highest in the world. [mappress] Source: globes,May 23, 2010;
Drydocks World has won a contract to build a new state-of-the-art oil well intervention Compact Semi-Submersible (CSS) vessel, representing a third order from integrated energy industries service provider Hallin Marine. The vessel will cost a total of US$110m. Designed by STX Canada Marine Inc, the
Iran plans to increase the production at the South Pars gas field to 9.4 billion cubic feet per day, executives said during talks with… [mappress] Source: UPI, May 12, 2010;
Bontan Corporation Inc. announced that it has closed its previously announced non brokered private placement financing, pursuant to which it has issued 37,750,000 Units at a price of US$0.20 per Unit to raise aggregate gross proceeds of US$7,550,000. Each Unit consists of one common share of the Com
Abu Dhabi Marine Operating Company (ADMA-OPCO) has awarded two contracts for preliminary work on the development of two untapped Gulf oilfields. The deals with the US engineering company Fluor for front-end engineering and design (FEED) work on the development of the Umm Lulu and Satah al Razboot oi
Canadian Superior Energy Inc. announces today that it has signed an Assignment and Transfer Agreement with BG Tunisia Limited and ENSCO… [mappress] Cansup, May 1, 2010;Image:kfels
Qatar Petroleum has awarded a contract to Halul Offshore Services Company for providing offshore maintenance and construction support… [mappress] gulftimes,April 28, 2010;
Saudi-based Shoaibi Group, a leading provider of oil and gas technology products and services, has appointed David Malone, a former Schlumberger executive, as its new chief technology officer. Malone, who has spent over 25 years at Schlumberger, will lead Shoaibi Group investment activities in oil a
KTL Global, the supplier of rigging equipment to the offshore oil and gas (O&G) sector, says it will invest $6 million to set up one the largest rigging and sling manufacturing facilities in the Middle East. It will be located on a 10,000 sqm plot of prime industrial land in the Hamriyah Free Zone i
Polarcus Limited held the naming ceremony for the Company’s third and most sophisticated 3D seismic vessel yet, POLARCUS ASIMA. The ceremony was held at the Drydocks World – Dubai shipyard in the United Arab Emirates and was attended by over 200 local and international guests. POLARCUS ASIMA is a pu
Several firms, including foreigners, are considering bids for the offshore license. ACC Group, headed by Chaim Lebovits… [mappress] Source: globes,April 19, 2010;
