UK-based energy industry company in TechnipFMC has broken ground on its new state-of-the-art manufacturing, aftermarket and training facility in Dhahran in the eastern region of Saudi Arabia.The 52,500-square-meter facility greatly expands TechnipFMC’s…
Turkey warned energy companies on Sunday against working with the Greek Cypriot government in carrying out exploratory drilling in the eastern Mediterranean, saying such activities could damage regional stability.The eastern Mediterranean is believed to be rich in natural gas…
Israel's Delek Drilling is looking to spin off its remaining 22 percent stake in the offshore Tamar gas field in 2019, the company's chief executive said on Monday.Last year Delek spun off an initial 9.25 percent of Tamar into a new company in Tel Aviv called Tamar Petroleum…
BMT said it has signed a service agreement with UAE oil and gas supplier and contractor Al Masaood Oil & Gas.The agreement with the Abu Dhabi headquartered company will see BMT being assisted by Al Masaood Oil & Gas to deliver risk & safety…
Oilfield services company Expro said it has secured a four-year contract extension for BP’s Shah Deniz Stage 2 project in the South Caspian Sea.The contract extension will see Expro continue its provision of subsea landing string equipment and services to the project…
Oil rose nearly 1 percent on Friday on expectations that the Organization of the Petroleum Exporting Countries and its allies would agree to cut output next month, though prices were set to for a weekly drop on underlying concerns that the global market was oversupplied…
Damen Shipyards Group has delivered four new Fast Crew Suppliers (FCS) 2610 to Allianz Middle East Ship Management. The four vessels will undertake work in the ADMA oil field in Abu Dhabi, providing logistics services and safe crew transfer…
The Abu Dhabi National Oil Company (ADNOC), has agreed, in principle, to extend to 2040 its gas supply agreement with ADNOC LNG, in coordination with ADNOC LNG’s joint venture partners, Mitsui, BP and Total.The the state-owned oil company of…
Subsea and offshore solutions provider Unique Group, together with engineering, construction and equipment rental company Innovo, have completed a multimillion dollar decommissioning contract for Italian marine oil and gas contractor Saipem offshore Saudi Arabia…
Remotely operated vehicle (ROV) services provider ROVOP said it has expanded in the Middle East, opening a new base in the region.Two senior staff members, operations director Doug Middleton and business development consultant Michael O’Donnell…
The state-owned energy giants of Saudi Arabia and the United Arab Emirates, Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), signed a cooperation deal to explore potential areas for mutual collaboration in the LNG value chain aimed at bolstering gas production and revenue…
U.S. President Donald Trump on Monday said he hoped there would be no oil output reductions, after Saudi Arabia said OPEC was considering cutting oil supply next year, citing softening demand.'Hopefully, Saudi Arabia and OPEC will not be cutting oil production…
Saudi Aramco Chief Executive Officer Amin Nasser said the initial public offering of the state-oil producer will 'certainly' happen when the conditions are right.Saudi Aramco said it is still in discussions to buy a stake in petrochemicals company Saudi Basic Industries Corp…
Abu Dhabi state fund Mubadala Investment Company's oil business Mubadala Petroleum has agreed to buy a 20 percent participating interest in Egypt's Nour North Sinai Offshore concession from Italy's Eni, it said on Monday.Egypt's main producer…
Ampelmann, the global leader in offshore access solutions, has opened its second office in the Middle East in a move to further expand its presence in the region. The office in Dubai (UAE) will be manned by Tim Mulders as Business Developer…