Offshore - Oil & Gas

  • “MPGC” discusses the challenges of reaching...

    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

  • Norwegian DNO oil and gas reports Q1 net profit,...

    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.

  • Middle East offshore activity bucks global...

    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.

  • Oil at $50: what it means for offshore companies

    This will be more certain in case of those focused on deepwater and ultra-deepwater activities as significant overcapacity precludes OFS companies from negotiating prices much higher than today’s depressed levels, the agency stated.

  • Why Trump's offshore drilling order could...

    US President Donald Trump signed an executive order to extend offshore oil and gas drilling to areas that have been off limits - a move meant to boost domestic production but which could fall flat due to weak industry demand for the acreage.

  • Trump to Sign Executive Orders That Enable...

    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.

  • Introducing AkzoNobel's innovative...

    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.

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