The U.S.-U.A.E. Business Council hosted a dinner on Sunday in Houston honoring visiting senior Emirati delegations, which included many representatives from the Abu Dhabi National Oil Company (ADNOC) and its subsidiaries as well as the Abu Dhabi Chamber of Commerce & Industry (ADCCI). The event took place on the eve of the launch of the [...]
Habtoor Leighton Group (HLG) has secured an AED250 million contract for the design and construction of an accommodation camp and associated utilities on two artificial islands, S1 & S2, as part of the Satah Al Razboot (SARB) oilfield development, located 120 km north-west of Abu Dhabi, for Abu Dhabi Marine Operating Company (ADMA-OPCO). HLG CEO and Managing Director [...]
*Woodside to Develop Browse Reserves Using Shell’s FLNG Technology
*Petrofac Strikes Oil at Cendor, Malaysia
*First Steel Cut for Cygnus Jackets. Project Creates 100 Jobs (UK)
May 5, 2013 | Posted in
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Now in its 16th year, Insight to MENA at OTC, the welcome reception that kicks off the largest energy conference in the world, has become known as fertile ground for fostering relationships and facilitating international deals between companies across the globe. The event, scheduled for May 6th in Texas, USA, welcomes over 1000 energy executives [...]
May 2, 2013 | Posted in
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Polarcus Limited, a UAE-based seismic acquisition specialist has reported its revenues for the Q1 of USD 144.8 million, up 45% from Q1 2012. The company’s EBITDA was USD 52.9 million, up 103% from Q1 2012. Net Cash Flow from operations was USD 40.5 million. In Q1 2013 Polarcus continued to deleverage the Company through the sale of Polarcus [...]
Dubai Maritime City, the world-class mixed-use maritime cluster today announced that it received Stig Ulstein, CEO of Norwegian company Ulmatec (Ulstein Marine Technology AS) along with Haavard Myrene, Director Business Development who visited Dubai Maritime City. He met Khamis Juma Buamim, Chairman of Drydocks World and Maritime World and Ali bin Towaih, VP-Business Development and [...]
*Petrobras Inks Deals for 23 OSVs. 24 More to Come (Brazil)
*Saipem Scoops $500 Mln in Offshore Contracts in Latin America
*Aibel Reveals Name of Worker Killed in Yard Accident
April 28, 2013 | Posted in
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Over the next five years, Quest expects an 88% growth in floating production system (FPS) award levels illustrating a strong resurgence of investment in high-capital, major deep water developments. This growth coupled with current high levels of offshore rig construction will buoy oil & gas related utilization of major offshore fabrication shipyards to record levels. [...]
April 25, 2013 | Posted in
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Spectrum has announced the start of another Multi-Client 3D survey in the Levantine Basin offshore Lebanon. The survey is approximately 2,200 square kilometer in size and the acquisition will be carried out by Polarcus using its 12-streamer vessel ‘Adira’. The survey is directly North of Spectrum’s 3,052 square kilometer Multi-Client 3D survey that was acquired late [...]
Mott MacDonald has been awarded a five year engineering services consultancy contract by Al Khafji Joint Operations of Saudi Arabia covering the maintenance and development of the 40 year old Khafji oil field. Al Khafji Joint Operations Company is a joint venture between Aramco Gulf Operations Company and Kuwait Gulf Oil Company. In addition to production [...]
