Offshore - Oil & Gas

  • Black Sea Oil and Gas could start offshore gas...

    Black Sea Oil & Gas (BSOG), owned by Carlyle International Energy Partners, could start the gas production from one of its concessions in the Black Sea in 2019, but this target depends on the approval process and the legal framework, the general director of the company, Mark Beacom, told Agerpres.

  • Trump appoints US offshore safety regulator

    President Donald Trump has named Louisiana regulator Scott Angelle to oversee safety of the offshore oil and gas sector as director of the US Interior Department's Bureau of Safety and Enforcement (BSEE).

  • Al Suwaidi Marine succeeds with consistent...

    Since its establishment in Dubai in 2003, Al Suwaidi Marine has achieved a remarkable position in the boating industry. ASM is expanding to new markets and is presenting a new line of passenger boats, especially for Oil & Gas petroleum companies and touristic projects that require marine transportation.

  • Iran's South Pars Oil Output Surpasses 1m...

    Production from the oil layer of South Pars, the giant gas field shared between Iran and Qatar in the Persian Gulf, has exceeded 1 million barrels in less than two months, managing director of Petroiran Development Company (PEDCO) said.

  • Reichert urges Trump administration to keep...

    U.S. Rep. Dave Reichert, R-Auburn, this week led a bipartisan group of more than 100 members of the House of Representatives in urging Department of Interior Secretary Ryan Zinke to reject proposals to open the Atlantic and Pacific Outer Continental Shelf Regions to new offshore drilling and oil exploration.

  • Gulf Drilling International signs US$ 925 million...

    Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, signs a US$ 925 million (QR 3.4 billion) structured Shari’a compliant financing facility with Gulf Drilling International Limited QSC (GDI). This new facility will be used to re-organize the company’s debt and further enhance its operational and financial performance. QIB successfully originated, structured and executed the transaction which used an innovative financing structure to meet the requirements.

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The importance of local contents in challenging markets

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.

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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.
 

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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.

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