Seismic data acquisition company Axxis Geo Solutions (AGS) has begun a 3D ocean bottom node survey in the Middle East.'The work has now commenced and will continue through most of the first quarter of 2020,' Oslo-listed seismic survey company said…
Abu Dhabi-based offshore energy services firm GMS has raised its 2020 EBITDA guidance compared to its 2019 outturn, citing new contracts and cost cuts.'Guidance for 2020 EBITDA is in the range of $57 - $62m, compared to an expected 2019 outturn…
Oil prices slipped on Wednesday on concerns that the U.S./China Phase 1 trade deal may not provide much of a demand boost because the United States intends to keep tariffs on Chinese goods until a second phase deal. Prices were also under pressure…
Gas from the Leviathan gas field offshore Israel has started flowing to Egypt, Delek, a partner in the giant development, has said.The $3.6 billion development operated by US-based Noble Energy started producing gas in the last week od December 2019…
Lebanon has postponed a deadline for the submission of applications as part of its second licensing round for oil and gas acreage, Lebanon's energy minister Nada Boustani tweeted Monday.According to Reuters, which translated the tweet in Arabic…
Oil prices dropped on Friday extending days of losses as the threat of war in the Middle East receded and investors switched attention to economic growth prospects and the rise in U.S. crude oil and product inventories.Brent crude fell 20 cents…
Drilling rig contractor ADES International has secured a contract for its ADMARINE 262 jack-up rig.The MENA-focused drilling contractor, which owns 13 jack-up drilling rigs, said Tuesday it had been awarded a contract renewal for the ADMARINE 262 drilling unit…
Dubai-based offshore drilling firm Shelf Drilling has completed the purchase of the jack-up drilling rig Maersk Completer from Maersk Drilling. The rig, which has now been renamed, has been stacked in Singapore since 2017. The two companies…
Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air strike which killed a top Iranian military commander.Brent crude futures soared to a high of $70…
Israel's $3.6 billion offshore Leviathan field started production on Tuesday, paving the way for multi-billion dollar gas export deals with Egypt and Jordan in the coming weeks.Natural gas began flowing from Israel's largest field despite regulatory…
Iran begins extraction of natural gas from an offshore rig at South Pars, the largest gas field in the world which is shared between Iran and Qatar, said the country's official media.The extraction of gas will add some 14.2 million cubic meters…
Offshore drilling contractor Seadrill announced on Monday it has secured a three-year contract for the jackup drilling rigs AOD II and AOD III in the Middle East, in direct continuation of their current contracts.Total contract value is expected…
Companies developing the huge natural gas field Leviathan will begin production on Tuesday after receiving approval from Israel's Environmental Protection Ministry, one of the project's partners said on Friday.Leviathan was supposed to begin operations on December 24…
Italian oilfield services firm Saipem announced Friday it has secured approximately $1.7 billion in new and extended drilling contracts for its offshore and onshore divisions.The offshore drilling contracts relate to activities to be executed in Norway and in Angola…
Israel opposes an accord signed last month between Libya and Turkey mapping out maritime boundaries in the eastern Mediterranean, but the deal was unlikely to lead to a conflict with Turkey, Israel's foreign minister said on Monday.The deal…