The 25th annual Middle East petroleum and gas conference “MPGC” provided the framework of opportunities for the oil and gas markets despite the turbulence as well as the new and ongoing strategies for the global oil and gas industry
DNO ASA, the Norwegian oil and gas operator, today announced expanded investments, including a doubling of its planned 2017 wells at the Tawke field in the Kurdistan region of Iraq, on the back of strong first quarter results. The company reported quarterly net profit of US$15 million, reversing a net loss of US$31 million in the previous quarter. Revenues were up 83 percent to US$77 million on operated production averaging 115,900 barrels of oil equivalent per day.
2016 witnessed a decline in Offshore Supply Vessel (OSV) activity in all regions of the world except the Middle East. Stronger results expected in 2017, as oil prices head towards $60 per barrel. The Middle East was the only global market to witness an increase in demand in Offshore Supply Vessel (OSV) activity in 2016 of 2.6%, indicating that regional government investment continues to support the sector’s performance since the fall of oil prices in 2014.
In response to an anticipated executive order from President Donald Trump that may reopen offshore oil leases on the Atlantic Coast, two local environmental groups will hold a rally and press conference.
U.S. President Donald Trump this week will sign new executive orders before he completes his first 100 days in office, including two on energy and the environment , which would make it easier for the United States to develop energy on and offshore.
AkzoNobel, a leading global paints and coatings company, is underlining its commitment to invest in the country and expand its presence by participating in the Iran Oil Show 2017
AkzoNobel will be presenting a selection of its innovative protective coatings products at the show, which takes place from 6 - 9 May in Tehran. These include its international brand of innovative products from Chartek, Interchar, Ceilcote and Enviroline product ranges, used in industries including oil and gas, mining and power – all high-growth sectors in Iran.
The move paves the way for Iran to surpass the production levels of neighbouring Qatar, which shares half the offshore gasfield
German’s electricity grid regulator approved bids to build what will be the first offshore wind farms that depend entirely on market prices instead of government support and subsidy.
Iran's oil minister said there will be no ambiguities in payments and financial transactions pertaining to the gas deal with French energy company Total.
World energy leaders will converge in the UAE capital for the Abu Dhabi International Petroleum Exhibition and Conference, Adipec 2017, to discuss an unprecedented number of opportunities for strategic dialogue, along with a record number of expert submissions on a wide range of industry challenges and trends.
Lebanon, a country that unlike many of its neighbors has faced high energy prices for a generation, wants to become a natural gas exporter by the end of this decade.
GE Oil & Gas has signed a long-term agreement to collaborate with Eni East Africa (EEA), on the offshore Mozambique developments it operates
Iran says Saudi navy opened fire on fishing boats as Saudi navy says it captured boat and detained three members of Revolutionary Guards
Italian oilfield contractor Saipem has contracted UTEC, a global survey company in subsea services group Acteon, to support Saipem’s operation for deepwater Zohr gas field development project in Egyptian sector of the Mediterranean sea