Offshore - Oil & Gas

  • Greece launches new offshore oil and gas...

    The move follows expressions of interest by a consortium of Total, Exxon Mobil and Hellenic Petroleum for exploration in two sites off the island of Crete, and by Greece's Energean for a block in the Ionian Sea in western Greece.

  • The importance of local contents in challenging...

    In the current challenging market conditions, the importance of local contents cannot be overlooked. Local contents are not only human resources, but also material and any available resources that can contribute to enhancing quality and maintaining lower prices.

  • Bahrain's PM patronises 4th Middle East...

    Under the patronage of HRH Prince Khalifa Bin Salman Al Khalifa, the Prime Minister, the Kingdom of Bahrain will host the 4th Middle East Process Engineering Conference & Exhibition (MEPEC), during 9-11 October 2017 at Bahrain's International Convention and Exhibition Centre.

  • Senaat – Abu Dhabi unit wins top EPC ranking

    Senaat – Abu Dhabi, one of the UAE’s largest industrial investment holding companies, said its subsidary - National Petroleum Construction Company (NPCC) - has been ranked 5th in the annual list of Top 30 engineering, procurement and construction companies in the energy sector in the Middle East and North Africa region, as compiled by Oil & Gas Middle East Magazine.

  • Oil to stay between $50-55 in H2, 2018: Barclays

    Brent prices are likely to stay in the $50-55 range in the second half of 2017 and to average in the same range in 2018, said Barclays in its latest Oil Instant Insight. Despite the statements in the communiqué of the Opec/Non-Opec Joint Ministerial Monitoring Committee (JMMC) and Joint Technical Committee (JTC), balances still indicate a constructive market balance in the remainder of this year, it said.

  • GCC must reform domestic gas prices to attract...

    The Gulf region, the world’s fastest growing demand centre for natural gas, will need to create greater incentives to drive investment in new gas supply by removing all government subsidies that fix domestic gas prices at very low levels, a Gulf Intelligence research paper notes.