Petrofac secured a contract worth approximately US$8.4 million with the BP-operated Shah Deniz 2 project to provide their maintenance build capabilities. The contract covers new onshore, offshore and pipeline assets in the Azerbaijan sector of the Caspian Sea…
Business is good in the oilfield, and as increased production and steady commodity prices contribute an influx of cash, operators are reinvesting in themselves, expanding their share buyback programs. Management usually says that…
Baker Hughes issued the June 2014 international rotary drilling rig count this week, showing a total of 1344 rigs operating outside the US & Canada in June. International activity was down 6 rigs from the 1350 rigs drilling in May 2014…
Hyundai Heavy Industries (HHI) has received a letter of award (LOA) from Abu Ahabi Marine Operating Compnay for a US$1.94 billion order for the second package of the Nasr Full Field Development Project. Under the LOA, HHI would undertake engineering…
Drydocks World announced the completion of a major refurbishment carried out on National Drilling Company’s (NDC) offshore drilling rig Al Ghallan. The project is part of a series of four rig repair and refurbishment projects signed with NDC in 2013…
Stanford Marine announced that its news anchor handling tug, the Stanford Mustang, has been delivered. The Stanford Mustang, a 50m DP2 tug, was specially designed to handle a specific charter in Qatar and was built at Fujian Mawei shipyard in Fuzhou…
The Leviathan field consortium has signed a preliminary deal with BG Group to export up to 3.75Tcf of natural gas over a 15-year period to the UK major’s LNG plant in Idku, Egpyt, operator Noble Energy announced. Under the terms of the non-binding letter of intent (LOI)…
Dubai based oil and gas engineering and fabrication firm Lamprell has been contracted by Petrofac Emirates to fabricate 29 modules for the Upper Zakum artificial island field development being developed by the Zakum Development Company, part of Abu Dhabi Oil Company (ADNOC)…
With attractive exploratory potential, the Levant basin off Lebanon, presents an opportunity for international oil companies (IOC) to position themselves in the promising eastern Mediterranean region, an analyst with research and consulting firm GlobalData says…
Cyprus-based Energean E&P Holdings Ltd. has farmed-in and taken over as operator of the Sara and Myra license blocks about 25 mi. off the coast of Israel. [shaded blue in map at right] Six of the seven partners agreed to the farm-in, including Modiin Energy Limited Partnership…
Saudi Aramco made a deepwater oil discovery, Al-Haryd, in the Red Sea in 2013, the firm has revealed in its annual report. The discovery was one of three oil and two gas fields made by Saudi Aramco in 2013, taking its total number of discovered fields to 121…
RWE Dea has achieved 30 years oil production in the Gulf of Suez. The company has produced over 640 million bbl of crude during these three decades. Ongoing investments in modern technology and infrastructure have maintained high production levels…
Baker Hughes issued the May 2014 international rotary drilling rig count today, showing a total of 1024 rigs operating outside the US & Canada. International activity in May was up 4 rigs from the 1020 rigs drilling in April and up 68…
Specialist downhole tool provider Peak Well Systems has opened a new technology center in Dubai dedicated to its growing customer base in the Middle East and North Africa. The facility accommodates regional technical sales and engineering teams for improved customer reach…
UK-based offshore vessel operator Seajacks has taken delivery of its fourth vessel, Hydra (pictured), from Dubai-based oil and gas engineering and fabrication firm Lamprell. Hydra is the fourth vessel Lamprell has built for Seajacks, which has a fifth vessel…
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