Meeting the world’s growing need for energy will require more than $48 trillion in investment over the period to 2035, according to a special report on investment released today by the International Energy Agency (IEA) as part of the World Energy Outlook series. Today’s annual investment in energy s
Lamprell has delivered a self-propelled jack-up vessel, the “Hydra”, to its client Seajacks. Following a naming ceremony for the vessel which was held at Lamprell’s Hamriyah facility in the UAE on 15 April, Lamprell delivered the “Hydra” yesterday. The vessel will depart the facility shortly en rout
Oman LNG said that the company’s revenues were at $4.49 billion in 2013, $149 million higher when compared to 2012. The company operates 3 liquefaction trains with a capacity of 10.4 mtpa at its site in Qalhat near Sur. Two of the trains are owned by Oman LNG and one by Qalhat LNG. Oman LNG’s net [&
Halul Offshore Services Co. (HOSC) and its parent company, Milaha, have taken delivery of their newest state-of-the-art Dive Support Vessel (DSV) “Shaddad”. At a ceremony held under the patronage of HE Dr. Mohammed bin Saleh Al Sada, Minister of Energy and Industry, “Shaddad” was unveiled on May 2
His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World received the Award for Excellence in Shipyard Management for Offshore Services at the First International Marine Club (IMC) Golden Helm Excellence Awards (2014)-Middle East for making outstanding contributions to the sect
Qatargas Chief Executive Officer, Khalid Bin Khalifa Al-Thani, presented certificates and mementos as a token of appreciation to employees who have completed twenty, fifteen, ten or five years of service. Nearly 500 employees were recognized for their continuous years of service with the company at
Petrobras to exclude SBM Offshore from FPSO bidding World’s largest FPSO supplier could miss out on Libra and Tartaruga Verde bidding in Brazil. Greenpeace vessel blocks Statoil’s rig from reaching drill site The Greenpeace ship Esperanza is blocking the arrival of Statoil’s Transocean Spitsbergen o
Karoon gas provided an update for the Pharos‐1, the sixth and final well in the Browse Basin Phase 2 exploration drilling campaign. As at 0600 WST on 30 May 2014 the cement shoe at the bottom of the 13-3/8″ casing has been drilled out and preparations are being made to drill ahead in the 12-1/4″ [&h
Douglas-Westwood (DW) forecasts global subsea hardware Capex will total $117 billion (bn) between 2014 and 2018 in its 4th edition of the World Subsea Hardware Market Forecast. This represents growth of more than 80% compared with the preceding five-year period. In 2013, subsea tree installations we
Qatargas Chief Executive Officer, Khalid Bin Khalifa Al Thani presented Qatargas’ views on the global LNG market fundamentals at the Monthly Gas Lecture organized last week by the Gas Exporting Countries Forum at the GECF Secretariat headquarters in Doha. The Qatargas CEO began his speech explaining
Sixty young start-ups were competing for the innovation award with the custody of the chief Scientist of the Ministry of Economy, as part of the start-up WOW competition that took place in the Mixiii 2014, which is the yearly central event for the hi-tech industry. “The judges were really taken with
Sixty young start-ups were competing for the innovation award with the custody of the chief Scientist of the Ministry of Economy, as part of the start-up WOW competition that took place in the Mixiii 2014, which is the yearly central event for the hi-tech industry. “The judges were really taken with
The 2013 IGU Wholesale Gas Price survey is the sixth to be undertaken in a series which began at the start of the 2006 to 2009 triennium culminating in the World Gas Conference in Buenos Aires. Prior to the 2013 survey, previous surveys were undertaken for the years 2005, 2007, 2009, 2010 and 2012.
RasGas Company Limited’s Subsurface and Technology Group recently celebrated 20 million man-hours without a lost time incident (LTI). The safety milestone was achieved over a period of nearly seven years and is a testament to the Company’s on-going commitment to safety across all business activities
