UAE-based Topaz Energy & Marine has signed phase one of a US$ 330 million loan agreement with a syndicate of banks towards the refinancing of some of its existing loans. As well as extra liquidity, the deal paves the way for new investments in Topaz’s offshore support vessel operations.
The land-locked Caspian Sea returned to offshore industry centre-stage last month with BP’s confirmation that front end engineering and design had begun for stage two of the huge Shah Deniz gas field development. Terry Knott reports.The Shah Deniz consortium…
The reigning and the emerging superpower are marching to their own beats, both of them in the process of long impact government elections and transitions. How the two countries handle themselves will affect the lives of millions, many beyond their borders…
Ali Al Hauwaj has been appointed exploration manager for Caspian player Dragon Oil. He previously served Saudi Aramco for over 30 years, the last seven as exploration department manager. Thor Haugnaess, previously with Schlumberger, has been named an independent nonexecutive director Dragon Oil.
Yasser Mufti (pictured) has been named Saudi Arabia governor for the Organization of Petroleum Exporting Countries. He replaces Majid al-Moneef, a candidate to succeed Abdalla Salem el-Badri as Opec secretary general later this year.
Iran is a problem that can be resolved as Alexander the Great solved the Gordian knot – whatever cannot be untied can be cut. Although a sudden and catastrophic event, buoyed by headlines, may push the price of oil to over $150, measures already taken will settle the situation relatively quickly…
Richard Jackson (pictured), previously Wireline Engineering’s sales manager for Europe, has relocated from Aberdeen to Abu Dhabi to take over as the firm’s Asia Pacific divisional sales manager.
Iran is a problem that can be resolved as Alexander the Great solved the Gordian knot – whatever cannot be untied can be cut. Although a sudden and catastrophic event, buoyed by headlines, may push the price of oil to over $150, measures already taken will settle the situation relatively quickly…
Craig Muir has been appointed MD of Petrofac’s engineering & consulting services business and will be based in the Sharjah office. Most recently Muir was Amec’s Abu Dhabibased EVP responsible for regional growth in the Middle East, Africa and the CIS.
The mix of orders for all categories of drillings rigs continues, with Asia Pacific and Middle East shipyards and their overseas affiliates indicating a marked drift away from jackups and towards ever larger semisubmersibles and ultra-deepwater drillships…
Captain Adarash Kumar (pictured) has been appointed group COO of Ezra Holdings, tasked with spearheading its expanding global operations. His successor as CEO of Emas Marine, the group’s offshore support services arm, is Robin Kirkpatrick (pictured), previously the division’s COO.
Danny Murray (pictured) has been appointed to the newly created position of business development manager for the Middle East and North Africa at TWMA, which recently announced plans to set up a base in Dubai. He previously worked for R&M Energy Systems and Varco.
Rami Miled has been appointed HB Rentals’ BDM for the Middle East and North Africa, based between the company’s facilities in Abu Dhabi, Dubai and Sharjah.
Vikas Shangari has joined Stats Group as BDM for the Middle East. He was previously Qatar country manager for Hydratight. Aberdeen-based Stats is in the process of establishing a business unit in Doha, Qatar, and a branch in the UAE.
Weatherford has taken delivery of the first ten of 14 Atlas Copco XAS 186 portable energy compressors ordered for Middle East cementing operations offshore and onshore. Eight of them feature special skid frames and additional ‘add ons’ specified…
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