China-based offshore oil and gas-focused company CNOOC will acquire rights in Abu Dhabi's major offshore blocks Lower Zakum, Umm Shaif and Nasr.Abu Dhabi's national oil company ADNOC said Monday it would transfer part of rights in the offshore…
Marine autonomous systems and combinations of such systems are being increasingly put to the test in the offshore space. Elaine Maslin looks at how hybrid remote and autonomous systems are now being tested.Concepts like resident subsea vehicles…
US oil giant ExxonMobil and Abu Dhabi's national oil company have met to discuss new opportunities for collaboration in the upstream and downstream sectors. The discussions were held during a joint visit to review the two firm's US$ 30 billion (AED 110 billion) Upper Zakum expansion project…
Global Maritime Consultancy & Engineering completed a suitability survey for the world’s second largest semisubmersible, the Xin Guang Hua, in advance of her maiden voyage. For the survey, Global Maritime carried out an independent assessment of all aspects of the vessel’s condition…
US giant ExxonMobil announced it will start five major offshore projects in 2017-2018, in addition to a Q4 2016 earnings of US$3.7 billion, which took a $2 billion impairment charge from its upstream sector. Image from Exxon…
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…
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…
ALE is approaching the final stages of its load-out operations for the Upper Zakum 750 Island Surface Facilities (UZ750) Project, based 84km offshore, northwest of Abu Dhabi, UAE. The heavy lifting contractor secured the scope to deliver almost 100 different modules to the north…
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…
As ExxonMobil decreases its capital spending budget this year by 25%, the supermajor looks to start up 10 new upstream projects between now and 2017 that will see its production capacity increase. Tillerson…
The international engineering and design consultancy Ramboll Oil & Gas has been awarded an important contract by Zakum Development Co. (ZADCO), Abu Dhabi, which entails an integrity study of 15 subsea pipelines. The project will enable…
The United Arab Emirates (UAE)'s chances for taking on some of the world’s future floating production and storage offloading (FPSO) vessel construction are diminishing as the global market looks set to stall for at least five years, with local demand for floating facilities little better…
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…
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…
Image: Garry Dryburgh, Amec Foster Wheeler’s president for the Middle East and Africa with engineering manager Bindu Satheesh at the opening of the company’s new office in Abu Dhabi/Amec Foster Wheeler Amec…
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