Pars Oil and Gas Company (POGC) has signed six agreements with domestic companies and contractors. The first agreement was for drilling four wells in Phase 1 of the giant offshore South Pars gas field for 140 million dollars. It was signed with the National Iranian Drilling Company (NIDC). The drill
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
Rolls-Royce has signed a memorandum of understanding with Drydocks World Dubai to provide systems for Liquid Natural Gas (LNG) powered tugs for the Middle East market. The tugs, to be designed by the Drydocks World in-house design team, will incorporate a range of power and propulsion equipment from
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
Unique System FZE, a Unique Maritime Group company which is one of the world’s leading integrated turnkey subsea and offshore solution providers signs a joint venture with the National Hyperbaric Centre (NHC) to launch a training centre and training courses in the UAE. The National Hyperbaric Centre
Israel has achieved a major milestone on Saturday when natural gas production commenced from the Tamar field off Israel’s Mediterranean shore, Reuters reports. The country is expected to become a gas exporter by the end of the decade. Partners in the fields stated that they had invested $3 billion i
Top News of the Week March 25 – 30, 2013
Top News of the Week March 18 – 23, 2013
Top News of the Week March 11 – 16, 2013
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
DOF Subsea Group has entered into an agreement where the 1978 built vessel Geobay is sold to a Middle East buyer. The selling price is slightly above book value of the vessel. The sale is expected to be completed after the ongoing project utilizing the vessel is finalized in May 2013. [mappress] Pre
Alderley FZE said it has successfully delivered four fiscal gas metering skids for the Qatargas operated Jetty Boil-Off Gas Project (JBOG). The gas metering skids will be located in Ras Laffan Industrial City in the north of Qatar. The contract was issued to Alderley FZE by leading engineering const
