Offshore - Oil & Gas

  • 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.

  • Global Energy Giants To Convene At ADIPEC For...

    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.

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The Guardian view of offshore wind: cheaper and greener

The precipitous drop in the price of electricity from offshore wind turbines should be a tipping point for green technology. In 2014 the current generated by a forest of giant whirling fans out at sea was priced at around £150 per megawatt hour. In the latest auction this week the comparable cost dropped as low as £57.50/MWh. 

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Oman invites bids for 4 oil and gas blocks

The Ministry of Oil & Gas has unveiled a total of four onshore hydrocarbon blocks for investment as part of the Oman Licensing Round 2017, registration and bidding for which formally commences on September 20, 2017. Up for grabs are Block 43B, Block 47, Block 51 and Block 65 — part of a portfolio of over 10 open blocks that will be tendered over the next few years, the ministry said in a backgrounder on the new Licensing Round.

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Offshore oil companies reboarding platforms, rigs in U.S. Gulf of Mexico

Offshore oil and gas operators in the Gulf of Mexico are reboarding platforms and rigs and restoring normal operations following Tropical Storm Harvey. The Bureau of Safety and Environmental Enforcement (BSEE) Hurricane Response Team continues to monitor the operators’ activities as they return to safe operations. This is the final update of evacuation and shut-in production statistics for Tropical Storm Harvey. 

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