Italy-based Eni has signed a memorandum of understanding (MoU) with Oman Oil Co. to jointly explore opportunities in oil and gas, including an offshore block awarded to the two companies following an international bid round held last October…
Sky-Futures has been awarded a three-year contract to inspect Eni facilities globally. This global contract is the first of its kind between a drone-based technology business and an international oil and gas company and represents a significant shift in the oil and gas market…
Offshore construction activity in the Middle East Gulf has remained buoyant, but that hasn’t stopped pressure on costs and dayrates. Mirzi Moralde, of IHS, outlines activity in the region. Saipem’s…
A rising number of UK operator companies are demonstrating their commitment to working smarter by signing up to two initiatives designed to reduce the legal and commercial complexity of offshore operations. As a result of collaboration between UK operators…
French giant Total and the National Iranian Oil Co. (NIOC) have entered into a heads of agreement (HoA) for the development of phase 11 of the giant South Pars project, in the Persian Gulf. Pouyanné…
Rystad Energy’s new report claims that there is hope in the oilfield service industry despite the current downturn, with an expected US$30 billion growth to be seen in the next two years. Closed and abandoned service markets as well as…
In the critical area of offshore asset integrity, a new study published by Oil & Gas UK promises to broaden awareness of the array of technologies developed and deployed successfully by the industry and other sectors which could be used to…
GC Rieber Shipping firm Dolphin Geophysical has entered into an agreement for seismic acquisition and processing services offshore the Romanian coast of the Black Sea. The agreement includes the delivery of a fast track 3D volume, for Black Sea Oil & Gas and its co-venture partners…
Oil & Gas UK, the representative organization for the UK offshore oil and gas industry, announced the appointment of a number of member company representatives and a new team of officers to lead its board. All changes are of immediate effect…
Royal Boskalis Westminster N.V. has been awarded a contract from the National Petroleum Construction Co. of Abu Dhabi, UAE for dredging work related to the installation of an offshore gas pipeline of the Abu Dhabi National Oil Co. as well as to an existing offshore gas pipeline…
Implementation day for the Joint Comprehensive Plan of Action (JCPOA), an agreement among Iran, the P5+1 (the five permanent members of the United Nations Security Council and Germany), and the European Union (EU), occurred on 16 January…
Both maintaining and launching new offshore production is high on the agenda in the Middle East, not least in Saudi Arabia, the UAE and Iran. IHS’ Mirzi Moralde outlines current activity in the region. Total’s…
Iran has offered 52 oil and gas development projects in addition to 18 exploration blocks at its Tehran IPC Conference, held last week, according to state backed petroleum news agency Shana. The projects, estimated to be worth more than US$30 billion…
Phoenix, Arizona-based minerals company Freeport-McMoRan (FCX) may be done with its foray into the oil and gas sector, nearly three years after the journey began. On Tuesday, the company announced that in consideration of spinning off its oil and gas business…
Eni has laid claim to discovering the largest gas field in Egypt and the Mediterranean Sea and says the field could become one of the world’s largest natural gas finds. The Italian operator says the deepwater Zohr field could hold up to 30 Tcf of lean gas in place (or 5…
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