Hail And Ghasha News

 

Gulf Marine Contractors Names Finstad Executive VP

Nov 25, 2020

Gulf Marine Contractors (GMC) said it has appointed Peter Finstad as the company's new executive vice president. Finstad's focus will be expanding GMC's logistics services to the offshore energy industry and providing commercial and operations…

Turkey: Erdogan to Reveal Total Size of Black Sea Gas Discovery

Oct 15, 2020

Turkish President Tayyip Erdogan said on Wednesday he will announce the total size of gas reserves found in the country's largest-ever discovery when he visits a drillship in the Black Sea on Saturday.In August, Erdogan hailed the discovery of a 320 billion cubic meter (bcm) (11…

Offshore Achievement Awards Winners Announced

Aug 17, 2020

The winners of the 34th Offshore Achievement Awards were revealed in a virtual ceremony on Friday, August 14, 2020.This year Jeanette Forbes, entrepreneur and founder of the PCL Group, inspiring STEM mentor and energy sector ambassador, clinched…

UAE's ADNOC Terminates $1.65B Deal with Petrofac

Apr 16, 2020

UAE's national oil company ADNOC has terminated $1.65B worth of contracts with UK oilfield services firm Petrofac.The two contracts were awarded in February, and entailed the delivery by Petrofac of offshore platforms and gas processing facilities for the Dalma Gas Development Project…

Saudi Decision Will See Oil Markets Take a Bath

Mar 10, 2020

A sustained price war could see marginal projects delayed and hasten a predicted decline in new awards, writes Gregory Brown, Maritime Strategies InternationalThe optimism that was very much present in the offshore market at the turn of the year has ebbed away with the spread and impact of COVID-19…

Petrofac Lands Huge Offshore Deal with ADNOC

Feb 18, 2020

Petrofac Emirates, a subsidiary of the UK oilfield services company Petrofac, has signed two contracts worth $1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates to deliver offshore platforms and gas processing facilities…

Port of Blyth Hails UK's Freeport Vision

Feb 13, 2020

Port of Blyth, one of the UK’s leading offshore energy support hubs, and its partner, Energy Central, has supported the announcement from the UK Government of a 10-week consultation on its ‘freeports vision’.The Port of Blyth and businesses…

NOIA: U.S. Offshore Holds Tremendous Promise

Feb 05, 2020

U.S. President Trump on Tuesday delivered State of the Union address, in which he, among other topics, hailed the success of the U.S. energy industry.He said that thanks to 'our bold regulatory reduction campaign, the United States has become the No…

KBR Lands 'Major' PMC Contract for Ghasha mega-project

Feb 03, 2020

U.S. engineering and construction giant KBR has won what it says is 'a major Project Management Consultancy (PMC) services contract' with the UAE-based oil company ADNOC.KBR said Monday that the contract was related to the Ghasha Concession portfolio of projects…

Iran Begins Gas Extraction from South Pars

Dec 31, 2019

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…

UK Launches Offshore Wind Leasing Round

Sep 20, 2019

The Crown Estate has launched its Round 4 offshore wind leasing competition for the rights to develop at least 7GW of new capacity off England and Wales.The Offshore Wind Industry Council (OWIC) has hailed today’s launch as a major step forward…

ADNOC Embraces Digital to Reduce Offshore Personnel

Aug 29, 2019

The future of the oil field is digital.Qasem Al Kayoumi, ADNOC’s SVP, technical center, said all the company’s new field developments will rely on digital technology. Speaking at the Life 2019 Landmark Innovation Forum & Expo in Houston, he…

2019 Project Sanctions to Surpass 2014 Numbers

Jul 19, 2019

The overall dollar amount for offshore project sanctions so far in 2019 has already broken the $50 billion mark and is on pace to surpass 2014's total commitments of $78 billion in the near future, according to analysts Rystad Energy.Driven…

US Extends Offshore Wind Tax Credit

Jul 01, 2019

The American Wind Energy Association (AWEA) issued a statement in support of two bills introduced in the U.S. Senate this week, which would both extend the federal Investment Tax Credit (ITC) for offshore wind energy.The legislation comes at a critical time for offshore wind in America…

Renewables Sector Hails New York Climate Plan

Jun 20, 2019

Investors, developers and users of renewable energy at an industry conference in New York this week were buzzing about the state's ambitious plan to reduce greenhouse gas emissions to zero by 2050.'New York is leading a path forward with public…

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