Baker Hughes, the world's second-largest oil services company, will take a 5 percent stake in Abu Dhabi National Oil Company's (ADNOC) drilling unit for $550 million under a tie-up announced on Monday.Baker Hughes (BHGE) becomes the first foreign…
Saudi Arabia said on Thursday it was suspending oil shipments through a strategic Red Sea lane after Yemen's Iran-aligned rebels attacked two tankers in the waterway, underscoring the risk of an escalation in tensions in the region.Brent crude futures rose 59 cents to $74…
Saudi Aramco and partners Lamprell, the National Shipping Company of Saudi Arabia, and Hyundai Heavy Industries, announced on 30 December, 2017, the official launch of their International Maritime Industries (IMI) joint venture. When fully operational in 2022…
Ampelmann will supply its A-type gangway system to North Oil Co. (NOC) on the chartered Bourbon Gulf Star DP2 72 PAX support vessel to the Al Shaheen field, offshore Qatar. This diesel electric, 73m vessel is currently deployed to the Al Shaheen oil field…
Production has started from the Hail oil field offshore Abu Dhabi in the United Arab Emirates, says Abu Dhabi Oil Co., a subsidiary of Japan's Cosmo Energy Exploration & Production Co. The production from the Hail oil field is the first…
A UAE-based subsidiary of Malaysia's Eversendai Corp. has won an offshore fabrication project for Saudi Aramco. Eversendai Offshore received the project award, fabricating jacket structures, through Italy's Saipem, which is one of…
This week, France’s Total and Qatar Petroleum (QP) will officially take over operatorship from Maersk Oil of the giant Al-Shaheen oil field offshore Qatar for a term of 25 years. Al-Shaheen. Image from Maersk Oil…
Mabruk Oil Operations has awarded Ocean Installer a subsea umbilical, risers and flowlines (SURF) project at the Al Jurf oil field in the Mediterranean. Mabruk Oil Operations is a joint venture (JV) between Total E&P and the National Oil Cooperation (NOC) of Libya…
North Oil Co. (NOC) has picked Ramboll to carry out a pre-FEED study for three new wellhead platforms at the giant Al-Shaheen field, off the northeastern coast of Qatar in the Arabian Gulf. Al-Shaheen…
Lamprell has completed construction on the final jackup drilling rig in a series of nine, the Al Lulu, and delivered it to Abu Dhabi’s National Drilling Company (NDC), within budget and on schedules. The contract for the NDC Al Lulu rig was awarded in April 2015…
Rig builder and engineering firm Lamprell has delivered jackup drilling rig Al Hudairiyat for Abu Dhabi’s National Drilling Co. (NDC), within budget and on schedule. The rig is the eighth of an order or nine jackup rigs for NDC and the…
Japan's Inpex Corp. has formed an agreement with Abu Dhabi National Oil Co. (ADNOC) to extend the joint development of the Satah and Umm Al Dalkh oil fields offshore Abu Dhabi in the United Arab Emirates. Inpex subsidiary Japan Oil Development…
Lamprell completed the construction on the jackup drilling rig, Al Gharbia, and its delivery to Abu Dhabi’s National Drilling Co. (NDC). Completion and delivery of the jackup rig, on time and on budget, was marked at an inauguration ceremony…
Penspen and Dar Al Handasah, operating as a joint venture, have been awarded a new project management contract by Kuwait Gulf Oil Co. to manage the engineering, procurement and construction of a new gas and condensate pipeline. The…
In a coup for French major Total, and a blow to Denmark-based Maersk Oil, Qatar Petroleum has awarded Total a 30% interest in the concession covering the offshore Al-Shaheen oil field for a period of 25 years beginning 14 July 2017. Qatar…
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