Offshore Middle East News - page 79

Volatility hits oil and gas contracting levels

Oct 30, 2014

The latest EIC Monitor report paints a mixed picture of activity across the global upstream sectors in 3Q 2014, with a large decline in upstream activity. The global oil and gas industry has followed a gentle downward trajectory of project…

GMS wins North Sea jackup work

Oct 30, 2014

Gulf Marine Services, the leading provider of advanced self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors, has won a major new contract for one of its Large Class vessels.    The…

Saipem grabs drilling contract

Oct 27, 2014

Saipem has secured a new contract for the Perro Negro 7 jackup, currently operating offshore in the Middle East, starting from November 2015 until the end of 2018. Perro Negro 7 is a self-elevating drilling unit capable of operating in water depth up to 375ft…

Lamprell launches Caspian jackup

Oct 21, 2014

Dubai based offshore fabrication firm Lamprell has completed the second Caspian Sea jackup drilling rig, the Mercury. Lamprell said completion of the rig, the EDC-2, built for Eurasia Drilling, was a milestone for the group, particularly as it has been built under challenging conditions…

Tamar, Dolphinus LOI to supply Egypt with gas

Oct 20, 2014

Tamar partners and Dolphinus Holdings Ltd. signed a letter of intent for the supply of natural gas from the Tamar project located offshore Israel, to Dolphinus for use in Egypt.  Map of Tamar field. From Noble…

Aqualis wins three contracts

Oct 17, 2014

Aqualis Offshore, part of Oslo’s Aqualis, recently won three contracts from different companies for several services. ONGC awarded Aqualis Offshore with a nine month contract to provide rig moving and marine warranty services offshore India…

Production starts from Umm Lulu

Oct 17, 2014

Production has started on the Umm Lulu oil field offshore Abu Dhabi, Inpex Corp. said today (17 October). Umm Lulu is about 30km northwest of Abu Dhabi city. Inpex subsidiary Japan Oil Development Co. jointly developed the field with Abu Dhabi National Oil Company (ADNOC)…

Petronas buys Statoil's Shah Deniz stake

Oct 13, 2014

Malaysian state-owned oil firm Petronas has bought Statoil’s stakes in the BP-operated Shah Deniz project from Norway’s Statoil for US$2.25 billion.  Statoil says the move, which sees it exit the Shah Deniz project, is part of its portfolio management…

BHI international rig count for September 2014

Oct 07, 2014

Baker Hughes Inc. issued the September 2014 international rotary drilling rig count today, showing a total of 1323 rigs operating internationally in September 2014, outside of the US & Canada. The worldwide rig count for September 2014 was 3659…

Upstream prospects stay bright for West Africa

Oct 03, 2014

N. Foster Mellen analyzes West African transactional activity and drilling rig data, which indicates a promising future for the region. Continuing strong upstream transaction activity in West Africa bodes well for the oil and gas industry…

Dana Gas plans Egyptian drilling, wins two Nile Delta blocks

Oct 01, 2014

Dana Gas Egypt signed a gas production enhancement agreement (GPEA) with the Egyptian Natural Gas Holding Co. (EGAS) and the Egyptian General Petroleum Co. (EGPC). According to the agreement, announced 30 September, Dana Gas will begin a 7-year program in the next few months…

GMS wins first contract for enhanced small-class

Sep 30, 2014

Advanced self-propelled self-elevating support vessel firm Gulf Marine Services has won the first contract award for its new enhanced Small Class vessel (the Pepper).    The vessel, which is currently being built by a third party, is…

BP, Nalco Champion begin 10-year global framework agreement

Sep 25, 2014

Nalco Champion and BP plc representatives recently participated in a contract signing event to officially commemorate a new chemical managed services global framework agreement (GFA) between the two companies. The 10-year GFA was awarded to Nalco Champion at the beginning of Q2 2014…

GMS launches first of six new jackups

Sep 23, 2014

Self-propelled self-elevating support vessels (SESV) firm Gulf Marine Services' newbuild GMS Enterprise is starting its first charter after it was completed ahead of schedule and under budget. Its first charter is a four-month contract for an engineering…

Mermaid gets US$45M Middle East contracts

Sep 18, 2014

Thailand’s Mermaid Maritime Public Co. has been awarded two saturation diving services contracts valued at US$40 to $45 million in the Middle East Mermaid is using the DP3 multipurpose vessel Bourbon Evolution and will additionally deploy specialized diving equipment…

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