Offshore engineering solutions firm James Fisher Offshore (JFO) said it is supporting Saudi engineering, procurement and construction (EPC) business NPCC to deliver time and cost savings in offshore decommissioning operations in the Middle East…
Well intervention company Wellpro Group announced two new appointments as it eyes further expansion in the Eastern Hemisphere.Mark Fraser has taken up the role of Regional Manager in the Middle East, while Martin Webster has been appointed Regional Manager in Asia…
Sandvik, a developer and producer of advanced stainless steels, special alloys, titanium and other high-performance materials, said it has entered into a long-term agreement with Tenaris to supply Oil Country Tubular Goods (OCTG) following its…
The Middle East, a region heavily reliant on oil and gas income, has certainly felt the strain of the offshore downturn. Cutbacks in exploration and production spending hit the region hard and this quickly filtered down into the supply vessel sector…
Energean Oil and Gas announced its appraisal of the Karish North Discovery confirmed best estimate recoverable resources of 0.9 Tcf (25 BCM) plus 34 million barrels of light oil / condensate (combined c.190 mmboe) enhancing the Mediterranean…
Saudi Arabia's giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world's biggest listing as the kingdom seeks to diversify its economy away from oil…
Oilfield services company Churchill Drilling Tools announced four successful drill-string severs using its HyPR HoleSaver, following stuck pipe events across the Middle East, including two in the UAE.Over the last six months, four drilling teams…
Israel on Monday granted offshore exploration licenses to two groups of energy companies in its latest round of tenders for the eastern Mediterranean.Israel's Energy Ministry, which made the announcement, hopes new activity will help position…
Oil prices jumped more than 2% on Friday, October 11, 2019, after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants…
Qatar Petroleum has assumed operatorship of the Idd el-Shargi North Dome and South Dome offshore oilfields, the company said in a statement.Development and production sharing agreements with Occidental Petroleum of Qatar Ltd. for both oilfields expired on Oct…
Abu Dhabi National Oil Company (ADNOC) subsidiary ADNOC Drilling has completed its first offshore integrated drilling services (IDS) well in Abu Dhabi’s Umm Lulu offshore oilfield.ADNOC said this first offshore IDS well, delivered to another one of its subsidiaries…
Oil and gas group Wintershall DEA is considering exiting Libya following a clash with the country's National Oil Corporation (NOC) over licences, German daily Handelsblatt reported on Wednesday.Wintershall DEA's Chief Executive Mario Mehren and Hans-Ulrich Engel…
Offshore engineering solutions provider James Fisher Offshore (JFO) said it will establish bases in Saudi Arabia and Dubai in a move to deliver efficiencies across multiple regional projects through an enhanced Middle Eastern footprint.The UK…
Oilfield services provider Weatherford said it has signed a $220 million, three-year contract with the Abu Dhabi Company for Offshore Petroleum Operations Limited (ADNOC Offshore' to provide directional drilling services for the stated goal…
Rig inspection services company ModuSpec said it has reemerged as an independent operating company following a strategic restructure of engineering and technical professional services organization Lloyd’s Register (LR).In March, LR announced…
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