India’s Punj Lloyd Group, a leading engineering, procurement and construction (EPC) conglomerate, today announced receiving an offshore project in Al‐Khafji, Saudi Arabia from Al Khafji Joint Operations. The project, worth Rs. 314 crores (USD 57.75 million), is scheduled for commissioning in September, 2014. Al‐Khafji Joint Operations (KJO) is a joint operation of two national companies ‐ Aramco Gulf Operations [...]
An increase in offshore discoveries is prompting a surge in exploration activity across the Middle East and Africa and driving up the amount spent on drilling, states the latest report form business intelligence firm GBI Research. The company’s latest oil and gas report forecasts offshore drilling expenditure across the region to climb steadily from US$13.56 [...]
International offshore drilling contractor, Noble Corporation, on Thursday, November 1, announced that the company has secured contracts for two of its rigs in the Middle East. In its fleet status report, Noble Corp. announced that the company’s jack-up rigs Noble Alan Hay and Noble David Tinsley have been hired by an undisclosed client, each at [...]
Hydrasun, a leading specialist provider of integrated fluid transfer, power and control solutions to the global energy market, has secured contracts in Angola, the Gulf of Mexico and in Azerbaijan, with major oil and gas operator BP. The combined value of the three contracts is anticipated to run to seven figures over the next three [...]
October 26, 2012 | Posted in
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The South Pars Gas Field in southern Iran has 19 billion barrels of gas condensate reserves and 14.2 trillion cubic meters of in-place gas reserves, a senior Iranian oil official said, stressing that South Pars project is very important for Iran’s oil and gas industries. “The economic potentials of this region (South Pars) are 19 [...]
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As a follow up to last week’s London meetings, a group of BP senior executives representing BP’s upstream production, development, and strategy and integration divisions held a 3-day working visit to Baku to continue the discussions about production from the ACG fields, as well as to review BP’s future plans for the region. The visit [...]
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Keppel FELS Limited (Keppel FELS) has delivered Paradise 400, a high-specification KFELS B Class jackup rig to Safin Gulf FZCO (Safin) ahead of schedule and with a strong safety record. The rig is a refurbishment and upgrade of a KFELS B Class jackup rig that Keppel FELS purchased in 2011. Developed by Keppel’s jackup rig [...]
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Renaissance subsidiary, Topaz Energy and Marine, a UAE-based oil field services company, was awarded the ‘Ship Operator Award’ at Lloyd’s List Awards, Middle East and Indian Subcontinent 2012, held in Dubai recently. Commenting on the occasion, Roy Donaldson, Chief Operating Officer, Topaz Energy and Marine said, “We are proud to receive the Lloyd’s List Awards [...]
Adira Energy Ltd. announced that it has received an independent resource report including a best estimate in aggregate of 65.8 million barrels (“MMbbl”) of oil and 65.8 billion cubic feet (“BCF”) of gas in four structures on the Company’s Samuel License located offshore Israel. The Report was prepared by Netherland, Sewell & Associates, Inc. (“NSAI”) [...]
October 22, 2012 | Posted in
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Saipem has been awarded new E&C Offshore contracts worth $1.1 billion in Brazil, Angola and the Caspian Sea. In Brazil, Saipem has signed an EPIC contract with Petrobras for the projects Sapinhoá Norte and Cernambi Sul, within the development of the Pre-Salt Risers in the Santos Basin, approximately 300 kilometres off the coasts of the [...]
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