The Azerbaijan International Operating Company (AIOC) announces that the jacket for the West Chirag platform built as part of the Chirag Oil Project (COP) sailed away yesterday from the Heydar Aliyev Baku Deepwater Jackets Factory (BDJF) for offshore installation. The jacket transportation, launch a
CGG announced that three acquisition crews operating in Saudi Arabia on behalf of Saudi Aramco have achieved impressive safety records. Two OBC crews have completed six million and five million man-hours of continuous operations without a Lost Time Incident (LTI) respectively while a third vibroseis
Petrofac announces that Petrofac Emirates, its Joint Venture with Mubadala Petroleum, has been awarded a contract by Zakum Development Company (ZADCO) for the Upper Zakum, UZ750 field development in Abu Dhabi. The contract is worth approximately US$3.7 billion and has been secured by Petrofac Emirat
Statoil and SOCAR took a step forward in strengthening their cooperation by signing a memorandum of understanding (MoU) to jointly explore and develop the Zafar-Mashal structures in the Azerbaijani sector of the Caspian Sea. The agreement was signed in Baku, by Rovnag Abdullayev, President and CEO o
McDermott International, Inc. announced today that one of its subsidiaries has been awarded two projects for a customer in the Arabian Gulf. The value of these contracts is approximately US$900 million and is included in McDermott’s first quarter 2013 backlog. The first project includes engineering,
Petrofac has been awarded an engineering, procurement, installation and commissioning (EPIC) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for Satah Al Razboot (SARB) package 3 project, offshore Abu Dhabi. The US$500 million competitively tendered contract will commence shortly and will
Partners in Tamar field offshore Israel announced the start of natural gas production from the field, informs Reuters. The start of production marks a major milestone for Israel, and the country expects to become a gas exporter by the end of the decade. The partners in the Tamar field are: Noble Ene
Egypt’s coastguard caught three divers cutting an undersea internet cable and causing disruptions to online services on Wednesday, Telegraph reports. The damage was caused on South East Asia-Middle East-West Europe 4 (SEA-ME-WE 4) cable which links France to Singapore, with branches connecting telec
Punj Lloyd Group, a leading engineering, procurement and construction (EPC) conglomerate, yesterday, March 14, announced receiving an offshore project in Al ‐ Khafji, Saudi Arabia from Al Khafji Joint Operations. The project, worth Rs. 314 crores (USD 57.75 million), is scheduled for commissioning i
The Petroleum Administration of the Republic of Lebanon has announced a seminar event in London on 7th March to promote pre-qualification for the first Lebanese offshore licensing round. Representatives from the Petroleum Administration will give keynote talks on the latest information regarding the
PGS completed its 6th MC3D survey offshore Lebanon on February 19. The 2,200 sq km PGS MC3D LEB2013 survey will be available for the upcoming license round. The survey, acquired in cooperation with the Lebanese Ministry of Energy and Water, is the first 3D to be acquired in Lebanon using GeoStreamer
A Royal Navy survey ship has produced a series of stunning images of a Grand Canyon-style ocean floor hidden deep under the Red Sea. HMS Enterprise used her state-of-the-art surveying equipment to reveal the natural wonder during her nine-month mission to improve understanding of the waters east of
Ports & Maritime Organization announced that the head of National Oceanography Institute said that presently three oceanographic projects are being conducted in the Persian Gulf, Oman Sea and Caspian Sea. He also said that these projects are expected to be completed by the year end. Bordering Persia
Polarcus Limited (“Polarcus” or the “Company”) announces the release of its fourth quarter and preliminary full year 2012 financial statements. Highlights in the fourth quarter 2012: – Revenues of USD 140.4 million, up 34% from Q4 11 – EBITDA of USD 56.6 million, up 82% from Q4 11 – EBIT of USD 27.6
