Dubai based offshore fabrication firm Lamprell has completed the second Caspian Sea jackup drilling rig, the Mercury. Lamprell said completion of the rig, the EDC-2, built for Eurasia Drilling, was a milestone for the group, particularly as it has been built under challenging conditions…
Tamar partners and Dolphinus Holdings Ltd. signed a letter of intent for the supply of natural gas from the Tamar project located offshore Israel, to Dolphinus for use in Egypt. Map of Tamar field. From Noble…
Aqualis Offshore, part of Oslo’s Aqualis, recently won three contracts from different companies for several services. ONGC awarded Aqualis Offshore with a nine month contract to provide rig moving and marine warranty services offshore India…
Production has started on the Umm Lulu oil field offshore Abu Dhabi, Inpex Corp. said today (17 October). Umm Lulu is about 30km northwest of Abu Dhabi city. Inpex subsidiary Japan Oil Development Co. jointly developed the field with Abu Dhabi National Oil Company (ADNOC)…
Malaysian state-owned oil firm Petronas has bought Statoil’s stakes in the BP-operated Shah Deniz project from Norway’s Statoil for US$2.25 billion. Statoil says the move, which sees it exit the Shah Deniz project, is part of its portfolio management…
Baker Hughes Inc. issued the September 2014 international rotary drilling rig count today, showing a total of 1323 rigs operating internationally in September 2014, outside of the US & Canada. The worldwide rig count for September 2014 was 3659…
N. Foster Mellen analyzes West African transactional activity and drilling rig data, which indicates a promising future for the region. Continuing strong upstream transaction activity in West Africa bodes well for the oil and gas industry…
Dana Gas Egypt signed a gas production enhancement agreement (GPEA) with the Egyptian Natural Gas Holding Co. (EGAS) and the Egyptian General Petroleum Co. (EGPC). According to the agreement, announced 30 September, Dana Gas will begin a 7-year program in the next few months…
Advanced self-propelled self-elevating support vessel firm Gulf Marine Services has won the first contract award for its new enhanced Small Class vessel (the Pepper). The vessel, which is currently being built by a third party, is…
Nalco Champion and BP plc representatives recently participated in a contract signing event to officially commemorate a new chemical managed services global framework agreement (GFA) between the two companies. The 10-year GFA was awarded to Nalco Champion at the beginning of Q2 2014…
Self-propelled self-elevating support vessels (SESV) firm Gulf Marine Services' newbuild GMS Enterprise is starting its first charter after it was completed ahead of schedule and under budget. Its first charter is a four-month contract for an engineering…
Thailand’s Mermaid Maritime Public Co. has been awarded two saturation diving services contracts valued at US$40 to $45 million in the Middle East Mermaid is using the DP3 multipurpose vessel Bourbon Evolution and will additionally deploy specialized diving equipment…
Aqualis Offshore, part of Aqualis, has signed a three-year rig moving services contract with Saudi Aramco for the firm's jackups in the Arabian Gulf. Aqualis Offshore will support Saudi Aramco with rig moving services and personnel from Aqualis Offshore’s offices in the Middle East region…
Keppel FELS, a wholly owned subsidiary of Keppel Offshore and Marine, secured a contract from Qatar-based Gulf Drilling International to build a repeat high-specification KFELS B Class jackup rig worth US$227 million. As part of the contract…
The outlook for the deepwater and ultra deepwater market is positive, with a forecast capital growth rate of around 8% between 2014 and 2018, according to Infield Systems Ltd.’s deepwater and ultra deepwater report. Infield Systems anticipates…
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