Saudi Aramco made a deepwater oil discovery, Al-Haryd, in the Red Sea in 2013, the firm has revealed in its annual report. The discovery was one of three oil and two gas fields made by Saudi Aramco in 2013, taking its total number of discovered fields to 121…
RWE Dea has achieved 30 years oil production in the Gulf of Suez. The company has produced over 640 million bbl of crude during these three decades. Ongoing investments in modern technology and infrastructure have maintained high production levels…
Baker Hughes issued the May 2014 international rotary drilling rig count today, showing a total of 1024 rigs operating outside the US & Canada. International activity in May was up 4 rigs from the 1020 rigs drilling in April and up 68…
Specialist downhole tool provider Peak Well Systems has opened a new technology center in Dubai dedicated to its growing customer base in the Middle East and North Africa. The facility accommodates regional technical sales and engineering teams for improved customer reach…
UK-based offshore vessel operator Seajacks has taken delivery of its fourth vessel, Hydra (pictured), from Dubai-based oil and gas engineering and fabrication firm Lamprell. Hydra is the fourth vessel Lamprell has built for Seajacks, which has a fifth vessel…
Iran's oil production will reach 4 million barrels per day (bpd) by the end of the current Persian calendar year in March 2015, a senior Iranian oil official said. Mohsen Qamsari, director for international affairs at the National Iranian Oil Company (NIOC)…
The Centennial J tanker will be converted by MODEC for Tullow's TEN field. Photo by: Tullow Oil Plc/Joseph Lynch. E&P companies will continue to invest in deepwater exploration and development…
As Infield Systems prepares for the annual release of its Deep and Ultra-deepwater Market Report to 2018, we look to global development of the deepwater sector and the emerging trends over the forthcoming five years. Looking back over the previous five-year period…
Saipem has been awarded a new engineering and construction contract in the Caucasus region and some new drilling contracts in the Middle East, for a total value of about US$750 million. In the E&C onshore sector, Saipem has been awarded by the Shah Deniz consortium…
Woodside Energy has axed its plans to purchase a sizeable stake in Israel’s Leviathan gas project, terminating its February memorandum of understanding (MOU) with the joint venture participants, the Australian company announced 20 May. This…
Subsea and offshore solutions provider Unique Maritime Group has made a move into offshore containers by agreeing to form a joint venture with OEG Offshore (OEG), to offer the rental and sale of offshore equipment in the Middle East. The new joint venture company…
Drydocks World has completed a major repair and refurbishment of National Drilling Company’s (NDC) jackup drilling rig Al Ittihad. The company has carried out maintenance work on several of NDC’s rigs and the numbers have increased over the years…
Ensco plc sold its ENSCO 85 jackup rig for $64 million, the company announced on 24 April 2014. The sale is part of trend among jackup rig providers including Transocean, Maersk Drilling, Noble, and Seadrill to modinize their fleets (See 'Jackups on the rise' in OE May 2014)…
Transparency Market Research has released a new market report titled 'Enhanced Oil Recovery (EOR) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2023,' that defines and segments the enhanced oil recovery…
Dubai-based rig and platform builder Lamprell has set an official Guinness World Record for the heaviest load moved by self-propelled modular trailers (SPMTs) as part of the Golden Eagle platform project (pictured). Lamprell’s contract was for a production…