Posts In Category

Middle East and Africa

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EuropeMiddle East and Africa

March 01, 2018 As a major draw within the oil and gas industry in recent years, International Petroleum Week (IP Week) has focused on the challenges facing operators, such as consolidation, achieving efficiencies, and streamlining operations. “IP Week, and this well-attended reception, provides us with another opportunity to demonstrate our

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AsiaAustralasiaCompany NewsEuropeMiddle East and AfricaUS

25 January 2018 Petrobras joins the international representation of OGCI OGCI brings together 10 major oil and gas companies, representing over 25% of global oil and gas production   The Oil and Gas Climate Initiative (OGCI) and Petróleo Brasileiro S.A. (Petrobras) today announced that Petrobras will join the initiative. This

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Saudi Aramco 13 Jacket News Release
Company NewsMiddle East and Africa

The fourth fast-track contract awarded to date in the past 24 months builds off McDermott’s successful track record in the Middle East McDermott to provide 13 jackets in the Zuluf, Marjan, Berri and Abu Safah fields offshore Saudi Arabia with a combined weight of 24,000 metric tons Back-to-back awards from

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Company NewsEuropeMiddle East and Africa

London & Dubai, 11 January 2018 ADES International Holding Ltd. (LON: ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, has successfully extended two existing contracts for Admarine II, Admarine IV and renewed its lease

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Company NewsMiddle East and Africa

January 08, 2018 Exxon recently announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. The Ranger-1 well discovery adds to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion recoverable oil-equivalent

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Company NewsMiddle East and Africa

January 11, 2018 Saudi Aramco was the sponsor of the recent Clean Fuels for Future High Efficiency Engines Symposium in Beijing, China. Part of the annual Society of Automotive Engineers International Powertrain, Fuels and Lubricants meeting, the symposium focused on peer relations for automotive original equipment manufacturers, trade associations, national

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Company NewsMiddle East and Africa

January 11, 2017 The Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Masdar, Abu Dhabi Future Energy Company to acquire its 49 per cent share in Al Reyadah, a carbon solutions and utilization business. The deal makes ADNOC the sole shareholder in Al Reyadah and enables the

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Middle East and Africa

Petrofac’s Engineering & Production Services (EPS) division has secured an award worth US$160 million from Basra Oil Company (BOC), previously known as South Oil Company, for its Iraq Crude Oil Export Expansion Project (ICOEEP).  The new two-year extension reflects Petrofac’s continued delivery focus and five-year track record as the incumbent

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Middle East and Africa

Eni has completed today the sale of a 25 percent indirect interest in the natural gas-rich Area 4 of the Rovuma Basin to ExxonMobil Development Africa B.V. (“ExxonMobil”). The terms of the sale, agreed in March 2017, include a payment of $2.8 billion subject to a contractual adjustment until the

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AsiaAustralasiaEuropeMiddle East and AfricaUS

To say that the last few years have been difficult ones for the oil and gas industry is something of an understatement. Weak demand resulting from historically low prices has made life remarkably tough right across the supply chain. It is estimated that the collapse in oil prices, beginning in

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