Wood Group Intetech (WGI), an asset integrity specialist, has been awarded US$1 million worth of work in the form of 11 new contracts from new and existing clients. The agreements span the Americas, Europe and the Middle East, and include…
Low global crude prices have hit Saudi Arabia hard. With a considerable budget deficit, Saudi has been forced to begin borrowing from capital markets – US$4 billion in July. The kingdom is highly reliant on oil – accounting for more than 90% of budget revenues…
Phases 15 & 16 of the massive offshore South Pars gas field are close to starting production, according to the project's manager. Reza Forouzesh said the phases are expected to come online by mid-October. Production from Phases 15 & 16 of the offshore South Pars…
Amec Foster Wheeler has been awarded an extension to its existing project management consultancy (PMC) contract for the UZ750 project in the Upper Zakum (UZ) field, 84km northwest of Abu Dhabi. The contract was award by the Zakum Development Co…
Lifting, handling and cable and pipeline and fluid power firm Sparrows Group has expanded its reach in the Middle East after forming a local partnership with Zamil Group in Saudi Arabia. The strategic alliance will see Sparrows Group’s…
Iran is preparing to introduce 45 new oil projects to potential investors as it looks to attract investment into the country post-sanctions. Iran finally reached an historic agreement with the P5+1 countries late last month, over Iran's nuclear activities…
Dubai-based fabrication and engineering firm Lamprell's CEO James Moffat (pictured) is to retire 30 June 2016. Lamprell says a search to find his successor is under way. Moffat joined Lamprell in 2013, at a time when it had been under financial strain…
The Israeli government entered into an agreement with the consortia of Noble Energy and the Delek Group to move forward with development plans for the Leviathan field in addition to Karish, Tanin and the further development of Tamar. Prime…
Image: TAM International TAM International has restructured its regional businesses into two individual hemisphere-based groups in order to achieve higher performance rates and streamline its business objectives…
Iran said it is ready to negotiate with Japan over the return of the country’s enterprises to its oil projects as well as its upstream industries. Iran’s Oil Minister Bijan Zangeneh told reporters after a meeting with a visiting Japanese…
An official at the Iranian Offshore Oil Co. (IOOC) says the company has succeeded to increase crude oil production from Salman oil field in the Persian Gulf, which Iran shares with the United Arab Emirates (UAE). Sanctions on Iran’s oil…
Aberdeen-based oil service company Global SCS today revealed further worldwide expansion. The firm, part of Scotland's Global Energy Group, has just opened an office in Dubai to handle growing demand for its services in the Middle East and Africa…
LR Senergy has been awarded a number of contracts worth a combined US$7 million in the Middle East, Europe and Asia. The new contracts include work with Abu Dhabi Marine Operating Co. (ADMA-OPCO), the Kuwait Energy Co. and Dragon Oil These…
A busy week for global news mid-July sent crude prices plummeting. The agreement between the Greek government and European financial ministers left a lingering uncertainty hanging over the Eurozone, with several high profile organizations remaining openly critical of it…
BMT Cordah, a subsidiary of BMT Group, announced the appointment of Andrew Glass as managing director. Glass will be responsible for leading the business in implementing strategy, direction and policy, ensuring the company continues to…
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