Mermaid Subsea Services (MSS) has increased its shareholding interest in Subtech Saudi Arabia from 70% to 95%. This consolidation took the form of an acquisition by MSS of 30% of the shares in Subtech Saudi Arabia from General Technology & Systems (Gentas) followed by the sale of 5% of the said shar
Qatar Petroleum (QP), a state-owned corporation established in 1974, responsible for all phases of the oil and gas industry in Qatar, has issued a tender for the provision of diving services at the Ports of Mesaieed and Ras Laffan. The tenders are expected to carry out routine under-water checkup of
Independent marine data management, publishing and GIS specialist, OceanWise, in collaboration with Seatronics (Abu Dhabi), have delivered Phase 1 of a Port-Log Tidal Monitoring and Display System (TMDS) to Bayanat, UAE. The TMDS receives input from 18 existing tidal monitoring stations in the Arabi
Danish product tanker carrier TORM A/S and UAE-based Albwardy Marine Engineering (AME), an Albwardy-Damen JV, have signed a Service Level Agreement for diving services in the UAE region. The purpose is to further strengthen their relations and respective commercial reliability. The diving services w
Noble Energy (NBL) has executed a non-binding Letter of Intent (LOI) to supply natural gas from the Leviathan field, offshore Israel, to the National Electric Power Company Ltd. (NEPCO) of Jordan. Under terms of the LOI, Noble Energy and the Leviathan partners will supply a base gross quantity of 1.
Two of the Royal Navy’s survey ships have traded places as the 18-month scientific mission of HMS Echo draws to a close while HMS Enterprise’s begins. The sister ships spent five days in Catania in Sicily for an official handover of duties allowing HMS Enterprise to go east of Suez and continue Echo
Dragon Oil has reported operating profits of $388.5 million for the six months to the end of June, 20% up on last time. Revenues were 11% higher at $547.0 million and profit for the period rose by 20% to $289.0m. Average gross production rate was approximately 73,440 barrels of oil per day compared
Petrofac, the international oil & gas facilities service provider, has secured a contract with the BP-operated prestigious Shah Deniz 2 project to provide their maintenance build capabilities. The contract, valued at around $ 8.5 million (£5 million), covers new onshore, offshore and pipeline assets
Dragon Oil plc, an international oil and gas exploration, development and production company, has published a quarterly update on the drilling activity in the Cheleken Contract Area, Turkmenistan, and its exploration assets in the second quarter of 2014 and production numbers for 1H 2014. Turkmenist
Hyundai Heavy Industries Co., Ltd. (HHI), the world’s biggest shipbuilder and a leading offshore facilities contractor, announced that it received a Letter of Award (LOA) for a USD 1.94 billion order for the second package of the Nasr Full Field Development Project to build the fixed platforms and t
ShawCor Ltd. announced that its field-applied pipeline coatings and services division, Canusa-CPS, has received a contract with a value of approximately Cdn $30 million from Saipem SpA to provide field joint coating services for Line 1 of the South Stream Offshore Pipeline. The South Stream Offshore
Unique System FZE has recently supported a significant hydrographic project that included the installation of Kongsberg’s EM 2040 multibeam echo sounder units for “Bayanat for Mapping & Surveying Services (Bayanat)” in 2 different vessels at Abu Dhabi, UAE. Bayanat is a wholly-owned Mubadala company
Keppel Offshore & Marine Ltd (Keppel O&M)’s wholly owned subsidiaries Keppel Shipyard Ltd and Keppel Singmarine Pte Ltd have secured contracts worth a total of S$368 million ($295 million). The contract secured by Keppel Shipyard is for the conversion of a Floating Production Storage and Offloading
Noble Energy, Inc. has announced the execution of a non-binding Letter of Intent (LOI) between the Leviathan field partners and BG International Limited (BG) for the supply of natural gas from the Leviathan field, offshore Israel, to BG’s existing natural gas liquefaction (LNG) facilities in Egypt.
