Offshore - Oil & Gas

  • ADSB successfully expands into oil and gas...

    Abu Dhabi Ship Building PJSC (ADSB), a leading provider of construction, repair and refit services for naval, military and commercial vessels, announced today that it has expanded its services portfolio to the oil and gas industry. This is the company’s first foray outside of the naval, marine and defense sector, as it opens up to opportunities beyond its traditional industries of focus.

  • Suncor Energy announces 2018 capital program and...

    Suncor released its 2018 corporate guidance today which includes a capital program of between $4.5 and $5.0 billion and average upstream production of 740,000 to 780,000 barrels of oil equivalent per day (boe/d). The midpoints of these ranges represent a year over year production increase of more than 10 per cent and a capital spending reduction of approximately $750 million.

  • DNV GL - Oil & Gas appoints Brice Le Gallo...

    With Asia still the world’s largest market for LNG and accounting for 70% of global consumption, Japan has announced that it is making available US$10 billion for investment in government and private joint ventures to support the expansion of the Asian LNG industry. 

  • US Policy On Iran Won't Harm Its Oil Industry

    President Donald Trump’s revised hardline policy towards Iran will have little impact on Tehran’s ambition to develop its vital oil industry and attract foreign investment, a senior Iranian official said on Oct. 17

  • Thuraya joins hands with Gulfsat in new...

    DUBAI -- Thuraya Telecommunications Company announced today the signing of a partnership with satellite communications company, Gulfsat, at the ongoing OP, Offshore Patrol Vessels, event in Kuwait. This strategic alliance will enable Gulfsat to launch data services in Kuwait.

  • Kuwait oil revenues to hit $40.64bln for FY17/18

    By the end of September 2017, the first half of the current fiscal year 2017/2018 ended and the average Kuwaiti oil price for September scored US$ 52.3 per barrel, up by US$ 3.8 per barrel, 7.8%, from August’s average price of US$ 48.5 per barrel. It is also higher by US$ 7.3 per barrel, 16.2%, than the new budget hypothetical price of US$ 45 per barrel.

  • Oil & Gas Indonesia: Contractors Urge Gov...

    Again, oil and gas contractors in Indonesia urge the government to clean up bureaucracy (red tape) in this sector in order to make the investment climate more attractive, and hence trigger more (much-needed) investment in Indonesia's oil and gas industry.

  • National Oil and Gas Gateway consolidates well-...

    The National Oil and Gas Gateway is the first publicly available website with oil and natural gas well-level data from multiple states. The website was created as a collaborative initiative among the U.S. Energy Information Administration; the Groundwater Protection Council (GWPC) and its member states; and the U.S. Department of Energy’s Office of Oil and Natural Gas, part of the Office of Fossil Energy.

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ADSB successfully expands into oil and gas industry despite low oil prices

Abu Dhabi Ship Building PJSC (ADSB), a leading provider of construction, repair and refit services for naval, military and commercial vessels, announced today that it has expanded its services portfolio to the oil and gas industry. This is the company’s first foray outside of the naval, marine and defense sector, as it opens up to opportunities beyond its traditional industries of focus.

English

Suncor Energy announces 2018 capital program and production outlook

Suncor released its 2018 corporate guidance today which includes a capital program of between $4.5 and $5.0 billion and average upstream production of 740,000 to 780,000 barrels of oil equivalent per day (boe/d). The midpoints of these ranges represent a year over year production increase of more than 10 per cent and a capital spending reduction of approximately $750 million.

English

US Policy On Iran Won't Harm Its Oil Industry

President Donald Trump’s revised hardline policy towards Iran will have little impact on Tehran’s ambition to develop its vital oil industry and attract foreign investment, a senior Iranian official said on Oct. 17

English

Thuraya joins hands with Gulfsat in new partnership

DUBAI -- Thuraya Telecommunications Company announced today the signing of a partnership with satellite communications company, Gulfsat, at the ongoing OP, Offshore Patrol Vessels, event in Kuwait. This strategic alliance will enable Gulfsat to launch data services in Kuwait.

English

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