Dubai based rig builder and construction firm Lamprell is hoping work in the Middle East will help it buffer the downturn. The firm currently has seven concurrent jackup rigs being constructed at its Hamriyah yard, a record for the group…
Since the first oil shock of 1973, instability in the Middle East has frequently been associated with higher oil prices. In an industry desperate for positive movement in crude price, the current turmoil in this region is having a limited impact…
Polarcus has announced it has signed a contract with an undisclosed client for a 3D marine seismic project offshore Egypt utilizing Polarcus' RightBAND technique for broadband data acquisition. The project will commence in Q4 2015 and run for approximately two and a half months.
Weatherford Secure Drilling Services and Maersk Training have entered a strategic partnership to enhance scenario-based training and competency for critical wells. The training will provide Weatherford, operator and rig-crew personnel with…
Saudi Aramco and Hyundai Heavy Industries (HHI) have signed a general memorandum of understanding (MoU) to jointly collaborate on business development opportunities in Saudi Arabia. The MoU lays out a comprehensive, multi-faceted business cooperation framework in areas such as engineering…
McDermott International has been awarded a large brownfield contract by RasGas Company (RasGas) for the engineering, procurement, construction and installation (EPCI) of a flow assurance and looping project and topside modifications offshore Qatar…
Less than eight months after its discovery, BP and the Egyptian government signed a heads of agreement to rapidly progress the development of the Atoll deepwater field offshore Egypt as early as 2018. BP's…
Shortly before Houston-based Noble Energy released its Q3 2015 earnings, Israeli Prime Minister Benjamin Netanyahu said that the country intends to fast-track natural gas development, especially now that the country’s economic minister, Aryeh Deri…
Houston-based ConocoPhillips has made the strategic decision to drop out of its deepwater exploration program by 2017, despite a significant program that the company is executing in 2016. Ekofisk…
The US Energy Information Administration (EIA) reported today (23 October) that the United Arab Emirates (UAE) intends to increase its production 30% by 2020 using EOR techniques. For the UAE, EOR technologies will be the best way to…
Genel Energy has announced the retirement of Mehmet Sepil, president of Genel, effective immediately. Sepil founded Genel Energy and was CEO from 2002 until the merger with Vallares PLC in 2011, when he became president. “[Sepil’s]…
Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.2 MMb/d in September, down 60,000 b/d from August as Saudi Arabia further reined in supply, according to a Platts survey of OPEC and oil industry officials and analysts…
Dubai-based fabrication and engineering firm Lamprell has promoted Niall O'Connell to chief operating officer in its latest staffing change. In August, the firm announced CEO James Moffatt, who joined Lamprell in 2013, is to retire in June next year…
Saipem announced it has won new engineering and construction contracts cumulatively worth approximately US$680 million (€600 million). Included are contracts awarded by Saudi Aramco and Eni. The contract with Saudi Aramco is an EPCI job…
McDermott International has been awarded a brownfield project by Qatar Petroleum for the engineering, procurement, construction and installation (EPCI) of four wellhead jackets. Installation of two jackets in the Bul-Hanine field offshore…
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