BP announced today that it has appointed Helge Lund to succeed Carl-Henric Svanberg as chairman of BP.
Kuwait has started first gas from the Siba gas field in the south of Iraq, according to Kuwait News Agency (KUNA).
McDermott concludes the installation and startup on the Vashishta and S1 gas field in the Krishna-Godavari basin off India for Oil & Natural Gas Corporation (ONGC).
i-Tech Services, a Subsea 7 company, and Leidos announced a five-year digitalisation partnership agreement.
Gazprom Neft's Middle East unit has commissioned a second well at the Sarqala field in Iraq's Kurdistan Region.
Shell has announced that it has made the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico.
Scottish energy equipment manufacturers and service providers' regional arms Flowline Specialists and Motive have signed a preliminary agreement to collaborate on a number of projects in the region.
Flowserve AlMansoori Services, a maintenance, repair and overhaul company, has launched a new facility in Mussafah, Abu Dhabi that will expand its operations and allow business growth.
Total and Google Cloud have signed an agreement to jointly develop artificial intelligence (A.I.) solutions applied to subsurface data analysis for oil and gas exploration and production.
Shell has signed an agreement to sell its downstream business in Argentina to Raízen for US$0.95 billion in cash proceeds at completion, subject to customary closing conditions.
SDX Energy Inc., the North Africa focused oil and gas company, said it has discovered oil at its Rabul 4 well in the West Gharib Concession in Egypt.
Iraq will receive bids and auction exploration and development contracts to international oil and gas companies on Thursday April 26, the oil ministry said.
UK-based Subsea 7 has said that it submitted a bid at the end of last week to acquire the entire issued share capital of McDermott but was rejected by the board of its US-based rival who in turn is in the midst of its own proposed merger with Chicago Bridge & Iron (CB&I).
Abu Dhabi National Oil Company (ADNOC) on Monday said it establishing a new trading unit within its marketing, sales and trading directorate to maximise profits from every barrel of crude and refined products.
Norway's DeepOcean has acquired Texas-based Delta SubSea to expand its presence into the U.S. Gulf of Mexico.
Abu Dhabi National Oil Company (ADNOC) on Monday said it establishing a new trading unit within its marketing, sales and trading directorate to maximise profits from every barrel of crude and refined oil.
ADNOC Distribution, the UAE's largest fuel and convenience retailer, said it has been awarded a license to own, operate and manage fuel service stations in the Kingdom of Saudi Arabia.
Over 150 oil and gas related companies from the United Kingdom met with Gulf energy companies in Abu Dhabi at an event where ADNOC unveiled its in-country value programme.
Malaysia's Yinson has signed a long term Memorandum of Understanding (MoU) with Japanese company Sumitomo to jointly pursue and collaborate in the leasing and operation of FPSO and FSO projects worldwide.
OPEC said a production cut accord between 24 countries resulted in oil stocks to drop by 300 million barrels but more needs to be done despite March conformity at 149 per cent.
Russia's Lukoil has started up operations at its gas processing plant at its Kandym gas field in Uzbekistan ahead of schedule.
Garlock Pipeline Technologies (GPT) has announced the launch of EVOLUTION. The next generation of isolation gaskets, EVOLUTION features easier installation, tight sealing, high-temperature operation, no permeation, hydrotesting isolation, fire-safety and chemical-resistance.
SDX Energy, the North Africa focused oil and gas company, said a conventional natural gas discovery has been made at its LNB-1 exploration well on the Lalla Mimouna permit in Morocco.
BP and India's Reliance Industries have agreed to sanction the second phase of the integrated development of the 'Satellite cluster' project in Block KG D6, off India.
SNC-Lavalin said it has been appointed by Saudi Aramco to install additional facilities for a major gas processing facility in Saudi Arabia's Eastern Province.
Eisenbau Krämer (EBK) has secured a contract to provide approximately 30 km of metallurgically bonded clad pipe for a significant project in the Middle East.
Petroplan Group, the specialist oil, gas and energy recruitment company, announced the appointment of Philippa Barnes as its new CEO.
Ras Al Khaimah government appointed a CEO for the petroleum watchdog following the announcement of the emirate's first oil and gas licensing round.
French oil major Total announced its acquisition of a 74.33 per cent stake in French utility Direct Energie for US$1.7 billion ambition to expand in the gas-electricity market.
Well construction specialist, DeltaTek, said it has appointed two industry experts to support company growth.
Tullow Oil said it has appointed Dorothy Thompson as independent non-executive director and chair-designate of Tullow with effect from April 25.
Eni and Sonatrach signed a series of agreements to further the companies' jointly operated activities in Algeria.
Trelleborg Sealing Solutions has launched a new metal end cap seal specifically engineered for High Temperature High Pressure (HTHP) wellhead, tubing and casing hanger sealing environments.
BiSN, a downhole sealing solutions company said it has underlined its strategic plans for global growth with the appointment of Paul Braiden as operations manager.
Endress+Hauser submitted 261 patent applications in 2017 as the company honoured its innovators at its annual innovators' meeting.
Proserv has secured a contract with Repsol to upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea.
Oil Plus Ltd, a specialist global oil and gas consultancy, said it has secured contracts worth more than US$1.5 million over the past three months and has significantly expanded its footprint in the Middle East.
Canada's Vermilion Energy said it has agreed to acquire rival oil and gas producer Spartan Energy for C$1.23 billion (US$97.8 million), expanding its presence in Saskatchewan.
Decarbonisation, the energy transition and digitalisation emerged as key themes in Wood Mackenzie's recently released second annual State of the Upstream Industry survey.
Iraq oil ministry said it has received interest from 14 international oil and gas companies to bid for exploration and development contracts, which will now be auctioned by April 25.
The Abu Dhabi National Oil Company (ADNOC) announced its plans to unveil its detailed downstream strategy, expansion plans of the Ruwais Industrial Complex and introduce new partnership and investment opportunities at the ADNOC Downstream Investment Forum that will take place in Abu Dhabi on May 13th and 14th.
Peli Products has unveiled its wide range of products for the safety of professionals working in oil and gas refineries, offshore platforms, petrochemical, or other high-risk industries.
TechnipFMC has been awarded a FEED contract by BP for the floating production storage and offloading (FPSO) unit for the Tortue/Ahmeyim Field Development, a major LNG project located offshore on the maritime border of Mauritania and Senegal.
The International Energy Agency (IEA) in its latest Oil Market Report says that OPEC may well have achieved its aim of reducing global oil stocks to a desired level.
UK's oil giant BP has signed a memorandum of understanding (MoU) to explore areas of cooperation with Petróleo Brasileiro S.A. (Petrobras) in Brazil and beyond.
The Organization of Petroleum Exporting Countries said inventory overhang has shrunken to near desired levels, helped by higher demand as well as production cuts by the group's members.
Tonalli Energia a joint venture between Canada's International Frontier Resources and Mexico's Grupo IDESA has spud its first well in the onshore Tecolutla block in Mexico.
EnerMech is targeting further international growth with two senior management appointments in the US and UK.
Gordon Geekie, general manager, Proserv Arabia Saudia spoke to Pipeline Magazine about Proserv's Saudi Arabia business and why they have focused on achieving greater Saudisation.
KBR announced that it is going to grow its office in Singapore with the support of the Singapore Economic Development Board (EDB) to become the company's Asia Pacific regional centre of excellence for its new business areas.
SDX Energy has made a gas discovery at its Ibn Yunus-1X exploration onshore well at South Disouq, Egypt.
Tendeka has been awarded a multi-million-dollar contract to deliver autonomous inflow control devices (AICD) screens for an operator in Sub-Sahara Africa.
Red Wing announced the release of its PetroKing line of work boots that is purpose-built for the global energy industry.
UK's BP has announced the sanction of two new North Sea developments which are expected to come on stream in 2020.
Saudi Arabia's oil giant Saudi Aramco signed deals with French companies worth about US$3 billion as part of its business growth strategy.
Ingersoll Rand has expanded its portfolio of ATEX certified industrial equipment with seven new heavy duty pneumatic impact tools and drills.
Saudi Aramco plans to build a US$44 billion refinery and petrochemical complex on India's west coast with a group of Indian companies as it looks to expand its international footprint.
French oil giant Total has picked up several assets, including becoming operator of the North Platte discovery, located in the Gulf of Mexico as part of the Cobalt International Energy company's bankruptcy auction sale.
Abu Dhabi's state-oil firm ADNOC on Tuesday launched its first ever competitive exploration and production bid round for six onshore and offshore blocks.
Subsea 7 said it was awarded a contract by Mobil Producing Nigeria Unlimited (MPN) for a pipeline project in shallow water, offshore Nigeria.
Almoe Group of Companies is the region's most trusted one-stop shop for Audio Visual and IT products and solutions. With over 20 years of experience in this industry, our technical expertise and knowledge has helped us grow from a humble beginning in 1994 in Dubai, to marking our presence across GCC and India.
Norwegian subsea contract Ocean Installer said it has been awarded work by Malaysia's Petronas to assist in decommissioning the Chinguetti field off the coast of Mauritania in West Africa.
Saudi Aramco and Total agreed to build a US$9 billion petrochemical complex next to an existing refinery in Saudi Arabia's Jubail region, in a move to expand the country's production capacity while reducing dependency on crude oil sales.
Saudi Aramco and Total signed a memorandum of understanding to build a US$9 billion giant petrochemical complex in Jubail, Saudi Arabia during the official visit to Paris by Crown Prince of Saudi Arabia, HRH Mohammed bin Salman.
Singapore's Keppel has announced that its wholly-owned subsidiaries, Keppel FELS Limited and Keppel Shipyard Ltd, have entered into a cooperation agreement with KrisEnergy to become its preferred contractors.
International law firm Baker Botts said Craig Vogelsang, who specialises in upstream and midstream oil and gas development, financing and acquisitions and dispositions, has joined the firm's Global Projects Group as a Partner in its Houston office.
Element Materials Technology (Element) said it secured a contract with ENGIE Fabricom to undertake pipe induction bend testing for a heavy oil development program in Kuwait.
Fuel retailer ADNOC Distribution's shareholders approved an AED 735 million (AED 5.88 fils per share) dividend payment at the company's first Annual General Meeting (AGM).
Australia's AWE has agreed to farm out an interest in its operated onshore permit in New Zealand to local company New Zealand Oil & Gas (NZOG) and its majority shareholder, OG Oil & Gas.
BP sanctioned the second phase of Oman's giant Khazzan field, Ghazeer, which will add 500 million cubic feet of gas a day to its production following a final investment decision (FID) to develop the project.
Abu Dhabi's Mubadala Petroleum announces that it has signed the Production Sharing Contract (PSC) for Andaman I, as awarded by the Government of Indonesia in the 2017 Indonesian Licence Round.
Shell said it has completed the sale of its Oman unit and asset to IndianOil's Singapore arm for US$329 million as part of its $30 billion divestment strategy to make the business more resilient.
Saudi Aramco signed agreements with Honeywell UOP and TechnipFM valued at $US8-10 billion for expanding chemical production and potentially building a complex along the U.S. Gulf coast.
CB&I has been awarded a contract by Jinneng Science & Technology Co., for the license and engineering design of a propane dehydrogenation (PDH) unit in Qingdao, Shandong Province, China.
OMV said it will sign a US$1.5 billion deal with ADNOC for the final interest in offshore fields the Abu Dhabi state oil company is offering to foreign investors.
The Queensland Government has granted Santos, along with its GLNG JV partners and APLNG, rights to explore an 86-square kilometre area in Queensland's south-west.
Australia's Vryhof said its two units won contracts to provide full-scale mooring and anchoring services to Cooper Energy.
Bahrain's National Oil and Gas Authority (NOGA) said the Kingdom's major discovery has estimate reserves of 81.5 billion barrels of tight oil located in the Khalij al Bahrain basin and deep gas reserves of 13.7 trillion cubic feet.
SM Energy Company said it would sell its remaining North Dakota and Texas assets for US$292.3 million to focus on top-tier assets and reduce debt.
Norway's Statoil said it signed preliminary agreements worth NOK 11 billion (US$1.41 billion) for the offshore rig Johan Sverdrup phase 2 construction works with Aibel and a joint-venture of Aker Solutions and Kværner.
Faroe Petroleum announces significant gas/condensate discoveries in both the Hades and Iris prospects in blocks located in the Norwegian Sea.
Norway's DNO has agreed to acquire a minority stake in Faroe Petroleum from Delek Group as it wants to build a long term strategic shareholding in Faroe Petroleum and support it's growth focused North Sea strategy.
BAUER KOMPRESSOREN launches its latest cutting edge compression and purification technology in the form of LabOnLocale-365.
Finland's Metso has signed an agreement to acquire the valve automation division of the India-based valve technology company Rotex Manufacturers and Engineers (RMEPL).
Shell said on Wednesday it has reached an agreement with the Palestine Investment Fund to sell its entire stake in the Gaza Marine license, offshore Palestine.
Kreuz Subsea, global integrated subsea services business, said it bolstered its senior management team with two key appointments at its Singapore headquarters to support its global expansion plans.
Tendeka, a global oil and gas solutions provider, said it appointed Paul Lynch as its new advanced completions director to help drive the commercialisation of its wireless intelligent completions technology, PulseEight.
Petrofac has been award, from Vedanta Limited, an EPC contract for the Raageshwari Deep Gas Field Development Project located in Barmer, Rajasthan, India.
Japan's Inpex has commenced pre-FEED work for the Abadi onshore LNG Project, the Masela Block, located in the Arafura Sea in Indones​ia.
Well-Centric, an independent specialist in well integrity for the global oil and gas industry, announced the appointment of Michael Scott as a new business development manager.
Statoil has awarded drilling contracts worth Nkr12 billion (US$1.52 billion) to Archer, KCA Deutag and Odfjell Drilling for drilling services to 18 of Statoil's fixed platforms.
Malaysia's Hibiscus Petroleum has completed its US$25 million acquisition from Shell of a 50 per cent operator interest in the North Sabah Enhanced Oil Recovery project offshore Malaysia.
Bahrain announced a significant new oil and gas discovery off its west coast, which dwarfs its current reserves and is the largest find in over 80 years.
Italy's Eni and its partner Russia's Lukoil have been awarded rights to Block 28, located in the medium-deep waters of the Cuenca Salina Basin, offshore Mexico.
UAE's emirate Ras Al Khaimah announced the launch of its first petroleum licensing round and said it will set up an authority to regulate the tendering process.
Honeywell announced a cloud-based simulation tool that uses a combination of augmented reality (AR) and virtual reality (VR) to train plant personnel on critical industrial work activities.
Trelleborg Sealing Solutions announced the launch of the new polytetrafluoroethylene (PTFE) based O-Ring energised single-acting rotary seal, Turcon Roto Glyd RingDXL.
Shell's subsidiary, Shell Brasil Petroleo, has won four additional deep-water exploration blocks in the Campos and Potiguar basins offshore Brazil.
Total said it started producing first gas from the Timimoun field in southwestern Algeria.
Saudi Aramco said it awarded a contract to Jacobs Engineering Group Inc. for the onshore facilities to process heavy crude from the Zuluf field.
Statoil and partners were awarded four blocks in the Campos basin in Brazil's 15th licensing round.
Chevron Corporation said it appointed David Payne as corporate vice president of Health, Environment and Safety, effective May 1, 2018.
Abu Dhabi National Oil Company (ADNOC) said it signed two new Naphtha sales agreements with chemicals companies Idemitsu Kosan of Japan and SCG Chemicals of Thailand, for a combined amount of up to 1.5 million tons per year for three years.
Petrofac said it was awarded a US$265 million contract by Petroleum Development Oman (PDO) for the development of the third phase of Marmul field in southern Oman.
Concho Resources has agreed to acquire RSP Permian in a US$9.5 billion all-stock deal.
Jeff Householder (President of Emerson Automation Solutions, Middle East and Africa) conversed with Pipeline Magazine's Julian Walker about Emerson's big push in the field of IIoT and how they are moving to digitise oil and gas enterprises from the well through to final product distribution.
Shell has agreed to buy minority stakes from private equity-backed Siccar Point Energy in three licences in the West of Shetland area off the UK.
Saudi Aramco announced two joint ventures in with Petronas, for a refinery and petrochemical facility which will be part of Malaysia's Refinery and Petrochemical Integrated Development (RAPID) project.
Gulf Marine Services (GMS) swung to a loss in 2017 in what it called was a challenging market environment due to pressure on day rates on vessels.
Gastech 2018 is gathering regional and international business leaders, government representatives and renowned influencers at the Fira Gran Via in Barcelona, Spain, on Tuesday, April 24, to discuss the continued evolution of the growing gas and LNG market.
UK-based Premier Oil has been awarded Block 30 in the Sureste Basin and Blocks 11 and 13 in the Burgos Basin, in Mexico's Round 3.1 offshore auction held in Mexico City.
Shell announced changes to its U.S. leadership team, which will see Gretchen Watkins assume the role of Shell Oil Company president and U.S chief.
Wentworth, the independent, East Africa-focused oil and gas company, said it has appointed Katherine Roe as the chief financial officer (CFO) of the company, effective 1 April 2018.
Archer has launched the VIVID acoustic listening platform - a patented, highly sensitive, acoustic technology that detects, investigates and locates leaks in real-time, verifies cement barrier seals and characterizes downhole events with unparalleled precision.
Spain's Cepsa has won 20 per cent stakes in three oil blocks in the first bidding of the 3rd Round, organised by the Mexican National Hydrocarbons Commission (CNH). The three blocks are in shallow-water areas in the Tampico-Misantla basin in the Gulf of Mexico.
In Mexico's shallow water bid round 3.1, Deutsche Erdoel Mexico was awarded two blocks with its partners Pemex Exploration and Production and CEPSA and one block jointly with its partners Malaysia's Sapura E&P and UK's Premier Oil.
Schlumberger introduced the Tempo instrumented docking perforating gun system that increases well productivity by efficiently deploying maximum payloads.
Saudi Aramco's North American arm and Massachusetts Institute of Technology (MIT) signed a 5-year US$25 million research and development collaboration.
Canada's Tag Oil has said that oil and gas has flowed from the Pukatea-1 well in New Zealand's onshore Taranaki basin.
DTN has released a new web-based pricing tool, DTN Price Admin, and an update to its existing tool, DTN Allocation Tracker to better support downstream oil and gas automation.
Wärtsilä will supply its Volatile Organic Compounds (VOC) recovery technology, LNG fuel gas handling systems and the auxiliary engines for two new shuttle tankers being built for Singapore based AET Tankers at the Samsung Heavy Industries shipyard in South Korea.
SDX Energy, the North Africa-focused on and gas company, said it has spud its Ibn Yunus-1X exploration well at South Disouq, Egypt.
Abu Dhabi National Oil Company (ADNOC) said it has signed two major contracts between its unit ADNOC Refining and Samsung Engineering valued at US$3.5 billion.
Ampelmann's A-type Enhanced Performance (AEP) gangway system will transfer personnel from Wagenborg Offshore's second Walk to Work Emergency Response and Rescue Vessel Kasteelborg, to support gas production in the Dutch and UK sectors of the Southern North Sea.
CGG, France's seismic contractor said it has appointed Sophie Zurquiyah as the company's new CEO effective April 26.
Apache Corporation announced a significant oil discovery on Block 9/18a Area-W in the UK sector of the North Sea. Garten is located 6 km south of the Beryl Alpha Platform.
TechnipFMC has agreed to partner with Magma Global to develop a new generation of hybrid flexible pipe (HFP) for use in offshore applications.
Emerson Automation Solutions recently hosted a workshop at the Collaboration Center in its new headquarters in Dhahran Techno Valley with more than 50 representatives of its regional stakeholders to identify their needs and priorities for applied research in the processed industries.
Shell said it has agreed to sell its entire stake in the West Qurna 1 oil field for US$406 million to Japan's Itochu Corporation.
SDX Energy, the North Africa –focused oil and gas company reported a 2017 profit of US$28.3 million as it benefited from high margins at newly acquired Moroccan business and higher oil prices, while it announced plans to drill new wells.
Evac Group, wastewater and water management company, said it has appointed Tuomo Valkonen as the new Chief Financial Officer (CFO) effective May 1, 2018.
Karl-Petter Løken has been appointed president and chief executive officer for the international contracting company Kvaerner.
UK independent company Chrysaor has entered into an agreement with Spirit Energy to acquire its entire interests in the Armada, Maria and Seymour fields in the Central North Sea.
Global energy demand grew by 2.1 per cent in 2017, according to IEA preliminary estimates, more than twice the growth rate in 2016, with oil and natural gas both seeing growth.
Petrofac has been awarded an EPC contract by Hindustan Petroleum Corporation Limited (HPCL) for its Sulphur Recovery Unit (SRU) Block Package for the Visakh Refinery Modernisation Project in Andhra Pradesh, India.
OPEC and non-OPEC oil producing countries have set a new record in February with conformity to an output reduction deal hitting 138 per cent, OPEC said.
Pearl Petroleum, the consortium led by Crescent Petroleum and Dana Gas, signed a 10 year gas sales deal with the Kurdistan Regional Government (KRG) which will boost production from Khor Mor Field after a US$600 million expansion.
Mubadala Petroleum and its partners Petronas Carigali Sdn Bhd (Petronas Carigali) and Sarawak Shell Berhad have reached the Final Investment Decision for the Pegaga gas field development in Block SK 320, offshore Malaysia.
Aberdeen-headquartered maintenance, inspection and integrity specialist, MInteg, have opened their first international base in Australia base as it targets growth in new geographic markets.
Specialist directional coiled tubing drilling service company AnTech Ltd has launched RockView - a technology that makes real-time, high resolution geosteering possible for the first time.
SDX Energy Inc., the North Africa focused oil and gas company, said it has completed the SAH-2 well on the Sebou permit in Morocco, while another well was spud in the same area.
Petroleum Development Oman (PDO) reported a major gas find in the northern area of Mabrouk field with an estimated 4 trillion cubic feet (tcf) of recoverable gas and 112 million barrels of condensates.
Bilfinger Salamis UK has been awarded a multimillion pound contract for technical manpower services on Shell UK southern North Sea (SNS) assets.
The China National Petroleum Corporation (CNPC), the world's third largest oil company, was awarded two offshore concessions for AED 4.3 billion (US$1.18 bln) by Abu Dhabi National Oil Company (ADNOC).
The Arab Petroleum Investments Corporation (APICORP) said almost US$ 1 trillion has been committed or planned in energy projects in the Middle East in the next five years.
Add Energy and Indonesia's PT Synergy Engineering have been awarded a maintenance build contract for work on BP's Tangguh LNG expansion project in Indonesia.
Petrofac Limited said it has signed a US$580 million engineering, procurement and construction (EPC) contract with a GCC National Oil Company for the of a major project.
Liquid analysis specialist Endress+Hauser Conducta receives the European Business Award and the TOP JOB seal of quality.
Cyber security breaches in the Middle East are widespread and frequently undetected, with 30 percent of the region's attacks targeting operational technology (OT), finds a new study by Siemens and Ponemon Institute.
Japan's Inpex Corporation has announced that its subsidiary, Inpex Browse, was awarded an exploration permit as the operator of a block of Western Australia that was part of Australia's 2017 offshore petroleum exploration acreage release.
Australia's Petsec Energy said it agreed to buy the remaining interest and operatorship in Yemen's onshore Al Barqa Block 7 east of Sana'a by buying out Oil Search Limited's subsidiary.
Norwegian oil and gas company DNO reported improved production in 2017 from the Kurdistan region as well as higher reserves and said it will outperform all of its rivals combined.
GlassPoint Solar, the supplier of solar energy to the oil and gas industry, said it appointed of Steven Moss as chief executive officer.
Austria's OMV has agreed to acquire Shell's Upstream business in New Zealand for US$578 million comprising joint venture interests in Pohokura, the largest gas producing field in New Zealand, and Mauias well as related infrastructure for production, storage and transportation.
The Abu Dhabi National Oil Company (ADNOC) said France's Total has been awarded stakes in two of Abu Dhabi's new offshore concessions for a total of US$1.45 billion.
UK's Bibby Offshore has announced that it is merging with Norwegian player Rever Offshore that will create a larger and more robust business both in the North Sea and internationally.
The European Investment Bank (EIB) said it approved 932 million euros (US $1.15 billion) in financing for the Trans-Anatolian Natural Gas Pipeline (TANAP), part of a mega project to secure new gas supplies to Europe.
Osama Abdel Halim, Egypt and Libya Area Manger for Halliburton talks about the growing importance of the Egypt market and why collaboration is key to its growth strategy.
Eni and Sonangol announced that they have started today oil production from the Ochigufu project, in Block 15/06 of Angola's deep offshore.
Spirit Energy said it appointed Neil McCulloch as its technical and HSE director.
WTS Energy said it has hired Karen Taylor as a senior business development manager for Middle East operations.
Construction work has started at the Saudi Aramco joint venture shipyard in eastern Saudi Arabia after the JV company International Maritime Industries (IMI) entered into a loan with Saudi Industrial Development Fund (SIDF), Lamprell said.
SpotSee, a global internet of things (IoT) connectivity platform, has appointed Jan Van Niekerk as the company's vice president of engineering and innovation.
Petronas through its subsidiary, Malaysia LNG (MLNG) has signed a Heads of Agreement with Tokyo Gas Co.to supply liquefied natural gas (LNG) for a period of up to 13 years.
A consortium comprising Chiyoda CCC Engineering Ltd (CCEL) and Consolidated Contracting Engineering & Procurement S.A.L. Offshore (CCEP), EPC Construction and Engineering service providers in the UAE, have successfully won their next EPC project in Abu Dhabi against tough industry competition.
The LNG test centre, located in Groningen, The Netherlands, will enable safer and more efficient use of LNG by supporting stakeholders across the value chain.
Aberdeen-based, STL (Subsea Technologies Limited) has reached the next stage in its efforts to secure worldwide patents for its Xtreme Release Connector, currently in use globally. STL has been awarded a Norwegian patent.
M² Subsea has strengthened its senior management team with the appointment of Andrew Imrie as global sales and marketing director.
McDermott International announced it has reached 80 million man-hours without a lost time injury (LTI) in its Middle East Area.
Russia's Zarubezhneft and local Iranian company Dana Energy signed an Iran Petroleum Contract (IPC) with the National Iranian Oil Company (NIOC) to develop Aban and the West Paydar joint oilfields.
Bangladesh-based Summit Power and Japan's Mitsubishi Corporation with its subsidiary Diamond Gas has signed a MoU to develop a LNG-to-Power project at Matarbari, Bangladesh that is expected to cost up to US$3 billion.
MaK Middle East LLC, a Caterpillar company established in 2017, recently announced the opening of its new workshop in Dubai Maritime City to provide product support services in the Middle East region for Caterpillar's MaK, CM and EMD branded medium speed engines.
Frans B. Roozendaal has been appointed as CEO of Frames and joins the management board at Frames on 1 March 2018.
McDermott International and Baker Hughes, a GE company (BHGE) have been selected for front-end engineering design (FEED) studies in advance of a engineering, procurement, construction and installation (EPCI) contract for BP's Tortue/Ahmeyim Field Development, a major gas project located on the maritime border of Mauritania and Senegal.
GAC Saudi Arabia has joined forces with Fendercare Marine Middle East, part of James Fisher and Sons, to supply quality marine products to customers in Saudi Arabia.
Norway's Statoil and its partners have decided to invest over NOK5 billion (US$642 million) to develop the Askeladd field, which is part two of the multi-phased Snøhvit development in the Barents Sea.
Petrofac has been awarded a lump-sum Engineering, Procurement and Construction (EPC) contract by Bharat Petroleum Corporation Limited (BPCL) worth US$ 135 million for the Kochi Refinery in Kerala, India.
The National Subsea Research Initiative (NSRI) has appointed Tony Laing as its new director of research and market acceleration.
Mubadala Petroleum and Italy's Eni signed an agreement to purchase a 10 per cent stake in the Egyptian Shorouk Concession that encompasses the giant Zohr gas field located in the Mediterranean Sea.
Rockwell Software launches latest edition of Studio 500 that includes modern user interface and productivity-enhancing features across all applications, and includes updates to help engineers improve productivity from design to deployment.
Subsea 7 has been awarded of a contract by BP Exploration for the provision of subsea inspection, repair and maintenance (IRM) services on both the Azeri-Chirag-Gunashli (ACG) and Shah Deniz (SD) fields, offshore Azerbaijan.
Industrial training specialist, AIS Training and safety and security player, Restrata, are joining forces to develop and deliver incident management training for the energy sector.
ADNOC and Eni signed two historic agreements that awards Italy's multinational oil and gas company Eni stakes in two of Abu Dhabi's offshore concession areas for US$875 million in participation fees.
Saudi Aramco signed a MoU with Royal Dutch Shell to jointly pursue international gas business opportunities, including upstream development, liquefaction projects and other aspects of the gas value chain.
Gastech has announced its preliminary programme ahead of the conference taking place in Barcelona this September, 17-20.
ASCO has announced that it has secured a mixture of contract awards and renewals for key North Sea clients, including Nexen worth in excess of £50 million (US$69 million).
Koch-Glitsch and INVISTA Performance Technologies (IPT), affiliates of Koch Industries, have expanded their partnership to offer IsoA technology allowing refineries to transform low value, light paraffinic feeds into high-octane gasoline blend stock.
Richard Price has been appointed general manager for Offshore & Marine within the Power Services Division of Harris Pye, a Joulon company.
French oil major Total has completed the acquisition of Denmark's Maersk Oil to become the second-largest operator in the North Sea.
By: David Manuel, OSV market analyst at IHS Markit The region's requirements for anchor handling tugs (AHT), anchor handling tug and supply (AHTS), and platform supply vessels (PSV) have seen steady growth in 2017.
London-listed SDX Energy has made another gas discovery at its SAH-2 well on the Sebou permit in Morocco.
Samsung Engineering has announced that it has won a contract worth US$473 million from ADNOC Refining to deliver a new power & water generation plant at Ruwais in Abu Dhabi.
BASF's Wintershall subsidiary said at its annual press conference that it had successfully completed its second exploration well (SH-6) in the Shuwaihat field in Abu Dhabi and is now looking at development plans for the well.
BASF's Wintershall subsidiary presented at its annual press conference in Kassel, Germany significantly improved results for 2017.
The Abu Dhabi National Oil Company (ADNOC) said it is looking to move further downstream, as the company pivots to take full advantage of the rising demand for higher value refined and petrochemical products, particularly in the growth economies of China and Asia.
Emirates Steel, wholly-owned by Abu Dhabi's General Holding Corp (Senaat), announced a strong set of financial results for 2017 at its annual media briefing.
Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency's latest annual report on oil markets.
McDermott International has been awarded a detailed engineering and long lead procurement services contract from BP Trinidad & Tobago, LLC (bpTT) for the Cassia C Compression Platform, located 65 kilometers off the southeast coast of Trinidad and Tobago.
KBR has entered into an agreement to provide its proprietary technology Ammonia InSite Technology to PT Panca Amara Utama (PAU) for the Sulawesi, Indonesia ammonia plant complex.
UK's KCA Deutag has entered into agreement to combine with Oman's Dalma Energy to form an enlarged drilling and engineering group that will give the UK firm increased footprint in the Middle East.
France's Total has acquired Marathon Oil's 16.33 per cent stake in Libya's Waha Concessions for US$450 million as it looks to access low-cost oil and consolidates its existing position in Libya.
Saudi Aramco signed a Memorandum of Understanding (MoU) with Nippon Steel and Sumitomo Metal Corporation (NSSMC), Sumitomo Corporation to look at the possibility of building a steel mill in the Ras al-Khair area.
U.S. oil giant ExxonMobil announced that is run of good luck in Guyana continued with the discovery of its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well.
OMV, the international integrated oil and gas company based in Vienna, said it agreed to sell its upstream business in Pakistan to Dragon Prime Hong Kong for €157 million as it looks to optimise its portfolio.
UK-based oilfield services company Petrofac reported higher order intake for 2017 as oil prices rose but ended the year with a net loss, while said it would exit its deep water operations.
BP and SOCAR TURKEY ENERJI A.Ş (SOCAR Turkey) have entered into a licensing agreement for BP's latest generation purified terephthalic acid (PTA) technology.
Canada's Pentanova Energy said it has appointed a new senior management team to grow its oil and gas business in Columbia and Argentina.
Canada-based PentaNova Energy has announced that it has spud the first gas well in Colombia's Maria Conchita gas block, where it holds an 80 per cent beneficial working interest.
AVEVA announced it has combined with Schneider Electric's industrial software business to drive digital transformation across the asset and operational life cycle for capital-intensive industries.
Canada's Jura Energy said it discovered gas in Sindh, Pakistan's Guddu Block, while drilling exploration well Umair-1.
Norway's Statoil announced that it has started drilling at its Oseberg Vestflanken 2 complex in the Norwegian North Sea.
Expro has enhanced its cased hole services offering by signing a global agreement with downhole video and camera technology specialist Vision iO.
Bibby Offshore has announced that it has successfully completed a contract worth more than £2 million for BP in the North Sea.
SNC-Lavalin said Saudi Arabia's Al Khafji Joint Operations awarded it a five-year deal for onshore and offshore engineering on oil and gas projects near the Saudi-Kuwait border.
Korean SK Innovation said that it had made an oil discovery in the PRMB block 17/03 in the South China Sea.
Germany's Wintershall has awarded Aker Solutions and Subsea 7 work on subsea facilities for its operated Nova field (formerly Skarfjell) in the Norwegian North Sea.
Add Energy and Trendsetter Engineering Inc (TEI) have been contracted by an oil and gas operator to provide well control expertise and access to their patented Relief Well Injection Spool (RWIS) to a well which is planned to be drilled in the Barents Sea during Q2 of 2018.
Oman's energy company Hydrocarbon Finder (HCF) signed a US$160 million Islamic project financing facility with Meethaq to develop oil and gas fields in the country's Block 7 permit and boost production.
Eni has mobilised drillship Saipem 1200 for Rebat's exploration well, withdrawing it from a Turkish block towards its operations in Cyprus.
Sonatrach signed a memorandum of understanding (MoU) with Algerian units of BP and Statoil for upstream exploration opportunities.
Trelleborg's offshore operation has launched its next-generation fire-resistant material for the oil and gas industry.
Norwest Energy has awarded a contract for the acquisition of a 40 sq-km seismic survey to Synterra Technologies Pty for the Xanadu discovery in the Perth basin off Australia.
Rockhopper Exploration said production levels had improved at an Egyptian asset on higher oil prices, triggering plans for new wells this year.
The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017, according to Shell's annual LNG Outlook.
Abu Dhabi National Oil Company (ADNOC) said it awarded a 10 per cent stake in offshore Lower Zakum concession to Japan's INPEX for AED 2.2 billion (US$ 600 million).
Jan Arve Haugan has resigned from his position of president and CEO of Kvaerner, to begin his new role, effective March 1 as CEO of the newly established oil company Aker Energy, EPC company Kvaerner said.
Schlumberger and Subsea 7 announced that they have entered into exclusive negotiations to form a joint venture that builds on the success of Subsea Integration Alliance, which was established in 2015.
Unique Group has launched a new cloud-based planned maintenance system to help companies in the diving market sector effectively manage their equipment and adhere to certification guidelines and rules.
Restrata, a security, safety and emergency response solutions company, said it appointed a new head of consultancy to lead the organisation's continued growth and international expansion.
Following the partnership formed by GE and Noble Corporation, the two companies launched the world's first digital drilling vessel, targeted to achieve 20 per cent operational expenditure reduction across the targeted equipment and improve drilling efficiency.
SDX Energy, the North Africa focused oil and gas company, said it will plug and abandon the latest of the six Morocco wells in the Sebou permit after striking uncommercial saturations of gas.
Halliburton announced that its Angolan facilities, Luanda – SONILS base, which incorporates the Cabinda – Malembo base and Soyo – Kwanda base facilities, and all of the company's product service lines in those locations have received the American Petroleum Institute (API) Specification Q2 Registration.
Sierra Instruments announces the launch of its new flow energy solution for managing and optimising flow measurement for industrial facilities of all sizes.
OPEC said the group in a supply-cut pact with Russia-led non-OPEC members achieved a record 133 percent compliance in January with agreed output reduction targets.
Abu Dhabi National Oil Company (ADNOC) said it signed a deal with Swiss company Chemlube, to be its exclusive seller in Europe for its petrochemicals used to make engine oils.
Fugro has been awarded a contract by Guangzhou Marine Geological Survey (GMGS) for gas hydrate investigation on the Northern Continental Slope of the South China Sea.
Oil and gas will grow to account for half of the world's energy in 22 years, as natural gas overtakes coal as the second largest sources, BP said in its latest outlook.
Atlas Professionals has developed a drilling assessment which will support employers looking to further build skilled and competent teams, and ensure a sustainable and safe environment offshore.
Chevron said it has resumed drilling for oil in the Kurdistan Region of Iraq (KRI), four months after suspending them during conflict between Baghdad and the autonomous region.
Iraq's oil ministry invited foreign companies and investors to bid for the construction and operation of a new oil refinery in the Northern Province with a planned capacity of 100,000 barrels per day (bpd).
Anadarko Petroleum Corporation announced Mozambique LNG1 Company Pte., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has entered into a long-term LNG Sale and Purchase Agreement (SPA) with Électricité de France (EDF).
Wärtsilä, Finnish manufacturer for marine and energy industry equipment said it has signed up with Maersk Drilling for a 25-year maintenance strategy for Maersk's three semi-submersible rigs and four drillships.
Azerbaijan's SOCAR AQS has signed a Memorandum of Understanding (MoU) with Bangladesh Petroleum Exploration and Production Company (Bapex) to help foster greater cooperation regarding new oil and gas projects in Bangladesh.
Russia's Transneft Diascan has modified the combined magnetic ultrasonic defectoscopes of its inspection tool for two pipeline sizes: 20-DKK and 28-DKK.
Total said it has signed an agreement to set up a petrochemicals joint venture on the U.S. Gulf Coast with Borealis and NOVA Chemicals.
Chevron Corporation said it appointed Bruce Niemeyer as the corporate vice president of strategic planning, effective immediately. Niemeyer is currently vice president of Chevron's mid-continent business unit.
Seatronics, an Acteon company, and Whitecap Scientific have announced a global distribution agreement that will see Seatronics invest in ROV3D Recon DVR rental units for their Aberdeen (UK), Houston (USA), Singapore, and Abu Dhabi (UAE) offices.
UAE-based international cyber security firm DarkMatter said it appointed Shreekant Thakkar to lead its advanced research division as the company looks to boost its dedicated research functions.
Russian independent natural gas producer Pao Novatek (Novatek) said it signed a preliminary deal with Saudi Aramco for LNG supplies and gas projects.
Neptune Energy Group has announced the completion of the acquisition of France's Engie E&P International (EPI). The private-equity producer now has global reach and access to a balanced portfolio of oil and gas production.
Aker BP has announced that is has found oil in its latest discovery off Norway at an exploration well located in the Alvheim area.
Oil rich nations have a window of opportunity to transform and be well positioned to benefit from this shifting global energy landscape, according to recent report "The Great Energy Shift", produced by global strategic management consultants, A.T. Kearney.
CGG GeoSoftware has released new updates across its entire geoscience portfolio from HampsonRussell, Jason, PowerLog, InsightEarth, VelPro, and EarthModel FT solutions.
Novacavi has released a matt PUR finished version of ROV dynamic cables that the firm says will improve operational efficiency and maneuverability both in water and on deck.
Abu Dhabi National Oil Company (ADNOC) said Sunday it signed a 40-year concession deal with Spain's Cepsa worth AED 5.5 billion ($1.5 billion) for a 20 per cent stake in its offshore SARB and Umm Lulu concessions.
Algeria's Sonatrach said it has agreed to a settlement with Italian oil firm Saipem on Wednesday, which ends their legal dispute over four gas projects.
Italian oil and gas contractor Saipem said Thursday it was awarded a US$750 million engineering contract in Oman by Duqm Refinery and Petrochemical Industries Company.
Russian oil producer Lukoil said its 2017 hydrocarbon production rose in 2017 on back of gas development projects, but its oil production was down in the fourth quarter.
Abu Dhabi National Oil Company (ADNOC) said it has launched the implementation phase of its new In-Country Value (ICV) strategy which will support economic growth as well as employment for UAE nationals.
Australia's biggest oil and gas producer, Woodside said it signed a deal to buy ExxonMobil's share of the Scarborough gas field located in the Carnarvon Basin, offshore Western Australia.
Petroleum Development Oman (PDO) and GlassPoint Solar inaugurated the Miraah solar plant on Feb 13, located at Oman's Amal oilfield, which will be among the world's largest solar projects when completed.
UK's Genel Energy said it has revised its Taq Taq, Bina Bawi and Miran oil reserves after a new report on the Kurdistan oilfields.
Kuwait Energy has discovered oil in Egypt's eastern desert after reassessing seismic data that identified drilling opportunities, just after it sold part of its interest in Iraq's Block 9.
Honeywell launched its first Middle East industrial cyber security centre of excellence (COE) at its Dubai office to test and demonstrate threats, vulnerabilities and to train customers.
Faroe Petroleum, an independent oil and gas company said it sold a 17.5 per cent interest in offshore Norway's Fenja development to Canada's Suncor Energy for US54.5 million.
Norway's Statoil said it awarded a construction and installation contract to Kværner for the Johan Castberg floating production, storage and offloading vessel (FPSO) in the Barents Sea valued at 3.8 billion Norwegian kroner (US$481 million).
Egypt's minister of petroleum and mineral resources Tareq Al-Mulla said during the opening ceremony of the Egypt Petroleum Show (EGYPS) yesterday that Egypt was accelerating opening up the country's oil and gas sector.
BP said it started gas production from the Atoll phase one project, offshore Egypt, delivered ahead of schedule and below cost.
Iraq's oil ministry said it signed a deal with a local company to build a 70,000-barrels-per-day oil refinery near Kirkuk.
Total said it led a group in signing two exploration and production contracts covering offshore Lebanon blocks, but it will explore outside of a disputed area.
Algeria's state-owned energy company Sonatrach is looking to invest US$56 billion in projects in the next five years, its CEO said after launching a new gas pipeline.
Germany's DEA said it will invest US$500 million in Egypt in the next three years as it looks to boost oil and gas production from its oilfields.
Sound Energy, the Morocco focussed upstream gas company, said it was awarded a petroleum contract with 75 per cent interest over eight years for an expanded Sidi Moktar area in central Morocco.
ADNOC's unit Al Dhafra Petroleum awarded an oil production infrastructure contract to bring online the Haliba field that lies along the south-east border of Abu Dhabi.
DNO ASA, the Norwegian oil and gas operator, said it would hike spending this year in the Kurdistan region of Iraq by 50 per cent to US$250 million on back of a stronger financial performance in 2017 and regular export payments.
Eni said it made promising a natural gas discovery offshore Cyprus, which looks similar to the nearby giant Zohr field.
Abu Dhabi National Oil Co's (ADNOC) awarded the first stake in its 40-year offshore oil concession to a consortium led by India's Oil and Natural Gas Corp (ONGC), boosting its energy ties with the world's third-biggest consumer.
U.S. natural gas exporter Cheniere Energy (Cheniere) said it entered into two liquefied natural gas (LNG) sale and purchase agreements with China National Petroleum Corporation (CNPC), breaking into the Chinese market for the first time.
AkzoNobel has launched a new high build epoxy coating containing a high level of lamellar glass flake for enhanced abrasion and corrosion protection.
Total posted a 28 per cent jump in 2017 adjusted net income as higher oil prices and production growth pushed up the oil major's upstream revenue.
Rotork has won the contract to provide large quantities of its IQ3 non-intrusive intelligent electric valve actuators for Iraq's State Company of Oil Projects' (SCOP) Karbala refinery.
Aker Solutions said it won a contract to provide maintenance and modifications services for three platforms at Petrobras-operated oil and gas fields offshore Brazil, expanding its business in a key international market.
Norwegian oil producer Statoil said it has brought down the breakeven price for Johan Sverdrup by cutting cost and increased resource estimate to boost the value of the offshore project.
Lukoil is planning to invest a 120 billion roubles (US$2.1 billion) to build a chemicals complex on the Northern coast of the Caspian Sea that will use natural gas as a feedstock.
The Abu Dhabi National Oil Company (ADNOC) said it signed a 15-years gas sales agreement with the Dubai Supply Authority (DUSUP) for the supply of natural gas, to help meet Dubai's energy needs.
Abu Dhabi National Oil Company (ADNOC) on Wednesday announced a $3.1 billion crude processing project as its Ruwais oil refinery to help boost refining margins.
BP's annual profit more than doubled on back of higher oil prices and its strongest output growth in recent history.
SDX Energy Inc., the North Africa focused oil and gas company, said the ONZ-7 well on the Sebou permit in Morocco has been completed and tested.
Deep Sea Mooring (DSM), a Vryhof company, said it won a Quadrant Energy contract to provide turnkey pre-lay mooring services to the Transocean GSF Development Driller 1 semisubmersible drilling rig offshore Australia.
Iraqi forces are preparing to launch military action to take control of Hamrin mountain range near the Iran border to secure the transit of Iraqi oil, Reuters reported, quoted officials.
Petrofac said it has been hired for well operator services on the next phase of Tullow Oil's Thames decommissioning project, following the award of a new multi-million dollar contract.
Oil and gas procurement specialist, Craig International, said it appointed Steve Gibson as country manager for the Middle East to support the company's continued growth across the region.
Iran plans to launch gas projects with a total investment worth US$3 billion as the country looks to ease a gas shortage, head of National Iranian Gas Company (NIGGC) said.
AgileTek, a subsea engineering analysis consultancy, said it has appointed two new members to its team, underlining rapid growth.
By Anne-Marie Walters, Bentley Systems While the low price of oil is providing relief to consumers at the gas pump, pressure is being put on offshore oil producers in this current economic environment to get more life out of the platforms they have rather than building new.
WorleyParsons said it was awarded a new engineering and project management agreement by Australia's QGC Pty Limited (QGC) for three years with options for two additional one year terms.
French major Total said it has signed agreements to acquire interests in two exploration licenses offshore Guyana – the Canye Block and the Kanuku Block.
Iran can boost oil production capacity by at least 100,000 barrels within days if OPEC agrees to halt is output cut campaign to support oil prices, Oil Minister Bijan Namdar Zanganeh said according to Reuters.
Xodus Group said it appointed its first general manager in Egypt as the company aims to build on its track record in the country and target upcoming new contracts.
Iraq's state-owned Basra Oil Co. is looking at proposals from service providers that would nearly double production from the country's southern oilfield Majnoon in three years, Reuters reported.
TechnipFMC said it signed an agreement with Norway's Island Offshore group to acquire a majority stake in its subsea unit.
SDX Energy Inc., the North Africa focused oil and gas company, said it has spud its sixth of nine planned wells in Morocco with the KSS-2 development well on the Sebou permit.
Chevron Corporation said Caterpillar CEO Jim Umpleby has been elected to Chevron's board of directors.
Statoil and licence partners in Barents Sea have signed a contract with North Atlantic Norway for use of the West Hercules semi-submersible rig in drilling two exploration wells in the Barents Sea this year.
Garland Energy Systems, a division of Postle Industries, has introduced a durable new containment membrane specifically designed for tank battery installations.
UK supermajor BP announced two new exploration discoveries in the North Sea at Achmelvich and Capercaillie that is timely boost for the UK oil and gas industry.
Oil sands production growth will continue through the next decade but a slowdown is anticipated with investment expected to remain lower than historical levels, says a new major research initiative by IHS Markit.
NDT Global, an ultrasonic pipeline inspection and data analysis supplier, announced that it has appointed Andreas Haindl as the company's interim CEO as the current CEO resigns to pursue other opportunities.
AW Energy said its WaveRoller team will see a new CEO –the former CTO Christopher Ridgewell. Current CEO John Liljelund is moving on to join the AWE Board of Directors.
French oil giant Total has made a major oil discovery in the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico (Eastern GoM).
Transneft Diascan has launched a pipeline inspection gadget (PIG), which belongs to a new generation of high resolution multichannel geometry tools, equipped with a navigation system.
UK independent Premier Oil has been awarded the Andaman II exploration licence in Indonesia with its joint venture partners Mubadala Petroleum and Kris Energy.
Siemens said it has appointed Michael Büker (51) as chief financial officer (CFO) of the company's Middle East region, effective February 1, 2018.
Shell has agreed to sell its 22.22 per cent interest in the Bongkot field and adjoining acreage offshore Thailand to PTT Exploration & Production Public Company Limited (PTTEP) for US$750 million.
WEG is making a significant investment in expanding its European operations and has recently commenced manufacturing at its second factory in Portugal.
UAE's ADNOC is in discussions with senior Chinese officials and executives from China to explore partnerships and co-investment opportunities in technology, energy and chemical sectors.
Baker Hughes, a GE company announced a series of new gas technology contracts and digital partnerships at its Annual Meeting in Florence, Italy.
Tendeka has successfully completed field testing of its wireless intelligent completions technology, PulseEight.
Subsea services company, Rovco said it appointed Liam Warren as operations manager to support the delivery of complex ROV and survey projects across the globe.
Canada's Suncor Energy has said its oil sands facility, Fort Hills, has produced its first oil after completing the startup of secondary extraction at the end of January.
Emerson has acquired GeoFields, a global supplier of software and implementation services for pipeline integrity data collection, management and risk analysis for the oil and gas industry.
Lebanon signed exploration and production agreement (EPA) contracts with a consortium of companies made up of Total, Eni and Novatek for two offshore blocks.
Iraq's oil ministry said it will build an oil refinery in the port town Faw, south of Basra with two Chinese firms.
U.S. oil company Byron Energy said it drilled its third successful well in the Gulf of Mexico with the finding of hydrocarbons at the F3 well on the South Marsh Island Block 71 (SM 71).
Japan's Mitsui made a proposal to buyout Australian gas producer AWE for US$481, coming in ahead of two other bidders looking for a stake in an offshore gas field.
EM&I, an asset integrity services provider, said it appointed Pat Lawless as CEO of the group. Pat Lawless was previously the company's COO and has been with EM&I for five years. He replaces Danny Constantinis who heads up the board as executive chairman.
Saudi Arabia's chemicals giant, SABIC bought a 25 per cent stake in Clariant, making it the largest shareholder in the Swiss specialty chemicals company.
Abu Dhabi National Energy (TAQA) said it is transforming its North Sea Eider platform and ensuring continued production from the Otter Field as part of its strategy to extend the life of the northern North Sea oil and gas fields.
Saudi Arabia's chemicals giant, SABIC bought a 25 per cent stake in Clairiant, making it the largest shareholder in the Swiss specialty chemicals company.
Melbana Energy has announced that it spudded Pukatea-1 exploration well onshore New Zealand.
New scalable compute offerings from Rockwell Automation give decision makers access to real-time data to solve analytical challenges and adapt to changes at every level of an organisation. This helps improve productivity and efficiency in a Connected Enterprise.
Senior oil and gas professionals in MENA expect a positive step change in the industry's capex, opex, headcount and R&D spending levels in 2018, according to a new DNV GL research report.
Samsung Engineering Co. has been awarded a US$790 million contract for Thailand's PTT Global Chemical Public Co. (PTTGC) petrochemical plant.
ConocoPhillips and Statoil Petroleum AS have signed a joint sponsorship development agreement with Visuray Technology Limited, to fund the development of novel downhole technology that can evaluate the integrity of cement behind multiple casing strings in oil and gas wells.
DTN has launched its newest enhancements to its Terminal Inventory Management System, DTN TIMS. The latest version further improves operational forecasting by introducing pipeline schedule data to increase insights, enable data-driven decision making and provide greater control of fuel inventory.
National Petroleum Construction Company (NPCC), part of Senaat Abu Dhabi, said it won an EPC contract worth US$327 million from ONGC for 5 well platforms and pipeline for Ratna field west coast of India.
Petrofac's Engineering and Production Services (EPS) division has been awarded a new Offshore Manning Services contract by Chevron for its five UK North Sea assets.
McDermott International said it was awarded a large contract by Saudi Aramco for the engineering, procurement, construction and installation of 13 jackets in the Zuluf, Marjan, Berri and Abu Safah fields, offshore Saudi Arabia.
French oil giant Total has signed an agreement to acquire Samson Offshore Anchor, which holds part interest in four blocks covering the Anchor discovery in the US Gulf of Mexico (GoM).
UK's Genel Energy obtained a 12-month extension from Kurdistan Regional Government (KRG) to execute projects within its gas agreement for Bina Bawi and Miran fields.
Marine and offshore engineering consultancy Aqualis Offshore has signed a five year frame agreement to provide marine services to Aker BP.
Aker Solutions was won subsea contracts from Statoil to provide subsea production systems and services for the Troll Phase 3 and Askeladd natural-gas developments offshore Norway.
SDX Energy, the North Africa focused oil and gas company, said it made a gas discovery at its ONZ-7 development well on the Sebou permit in Morocco.
TGT Oilfield Services has announced the successful validation of its electromagnetic EmPulse well inspection system in high chromium tubulars.
The Abu Dhabi National Oil Company (ADNOC) signed an agreement with Lotte Chemical Titan (LCT), one of the largest polyolefin producers in South East Asia, for the sale of up to one million tonnes per year of naphtha to the Malaysian petrochemicals' company, over the next three years.
India's biggest explorer Oil and Natural Gas Corporation Ltd. (ONGC) has agreed to buy the government's majority stake in state-refiner Hindustan Petroleum Corp (HPCL) for 369 billion rupees ($5.78 billion).
NICO International, a UAE-based marine and industrial engineering company said it entered into a Territorial Partnership Agreement with Dragon Marine Service Company.
Genel Energy confirmed an approximately 40 per cent upgrade to the combined contingent (2C) gross raw gas reserves estimate for the Bina Bawi and Miran West fields in Iraqi Kurdistan.
Schlumberger has announced during its latest earning results that it will exit the marine and land seismic acquisition business which has faced hard times during the oil downturn.
OPEC members' December output shows stronger compliance to the production cut deal but the organisation raised its supply forecast from non-members as higher oil price attract U.S. shale drillers.
Gazprom said it received approval from Turkish authorities for the construction of the second line of Turkstream gas pipeline through Turkish waters.
Saudi Aramco said it signed a partnership with the U.S. engineering company CB&I and oil major Chevron Corp. to enhance and commercialise technology expected to boost the Saudi Arabia's chemical output.
CGG has repositioned its Data Management Services business as Smart Data Solutions after extending its E&P data optimisation portfolio to deliver global digitalisation solutions.
Speedcast International has been selected by Noble Corporation (Noble) to provide new IT communications equipment and fully managed connectivity services to their global drilling fleet.
Canada's Husky Energy said it will move to suspend operations at its SeaRose floating production, storage and offloading vessel on orders from the Newfoundland and Labrador regulator after a close call with an iceberg in March last year.
The Abu Dhabi National Oil Company (ADNOC) is planning to significantly expand its use of carbon capture and storage technology to meet a dramatic increase in demand for CO2 for enhanced oil recovery in the next decade.
Wentworth, East Africa-focused oil and gas company, said Eskil Jersing has agreed to join Wentworth as chief executive officer.
Cheniere Energy said it signed a 15-year LNG supply agreement of about 1 million tonnes annually with commodities trader Trafigura.
Algeria's state-run oil firm Sonatrach signed a swap agreement with oil-trading Vitol Group to exchange crude for refined products that will cut back the country's large fuel bill.
KBR said its joint venture with SOCAR was awarded two separate engineering contracts by Azerbaijan International Oil Company for a new production and drilling platform in the Azeri-Chirag-Gunashli (ACG) field.
Statoil was awarded interests in 31 exploration licences on the Norwegian continental shelf (NCS), 17 of these as operator, and 14 as a partner, Norway's exploration and production company said.
Royal Dutch Shell has agreed to sell its stake in Iraq's West Qurna 1 oilfield to Japan's Itochu, a Shell spokesman was reported to have said.
Sadara Chemical Company said it signed an agreement to supply SADIG-ILCO, a new Saudi-German chemicals manufacturing joint venture with ethylene oxide and propylene oxide.
Shell announced plans for the redevelopment of the Penguins oil and gas field, marking its biggest commitment to the UK North Sea in almost three decades.
Total said it has completed the transfer of rights in Brazil's Lapa and Lara concessions from Petrobas for almost US$2 billion.
Forecast growth in the global economy, especially in non-OECD countries, will push up energy demand to levels that no single source of energy can meet, according to Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO.
KCA Deutag said Albert Allan has joined the group as the new senior vice president of RDS, its rig design and engineering subsidiary.
Jumbo Offshore, the Dutch heavy lift contractor said it has successfully hooked up Golar LNG's Hilli Episeyo floating LNG vessel to the subsea anchor system, umbilical and gas riser in Kribi field, offshore Cameroon.
Jacobs Engineering Group said it was awarded the engineering, procurement and construction management (EPCM) contract by BP for the Phase 2 of the Khazzan Project in Oman.
Australia's exploration and production company Beach Energy said it discovered a new gas field within the Otway basin in southern Australia.
Bonatti said it was awarded a pipeline contract in western Kazakhstan for a project that will transport fluids from Tengiz and Korolev oil fields to a processing facility.
OMV Petrom S.A. said it appointed Christina Verchere as the new president of the executive board and chief executive officer (CEO) of OMV Petrom, with effect from May 2018.
SDX Energy, the North Africa focused oil and gas company, said it has started production from the KSR-16 well on the onshore Sebou permit in Morocco with estimate-beating flow rates.
Private equity player ArcLight Capital Partners has bought a 26.5 per cent stake in the deepwater Perdido Platform in the Gulf of Mexico (GoM) from BP.
Ardyne has said that with the help of its Casing Recovery Toolbox it has saved more than a day of rig time on a planned three-and-a-half day operation and improved efficiencies by thirty-five per cent for UK-based operator Fairfield.
Abu Dhabi National Oil Company (ADNOC) said it awarded engineering contracts for its offshore sour gas project Bechtel and TechnipFMC valued at hundreds of millions of dirhams.
Kuwait Petroleum Corporation appointed Nabeel Bourisli as the new CEO of its subsidiary Kuwait Petroleum International (KPI).
US energy firm Orion signed a preliminary agreement with Iraq's oil ministry to invest in gas production at the Nahr Bin Omar field in Basra.
Petrofac has been awarded a Rotating Equipment Management Services contract by Chrysaor to support of its operations in the UK.
Offshore and Marine unit of Keppel Corporation has delivered a jackup rig to Borr Drilling, on time and within budget.
Algeria is in discussions with Iraq for partnership in oil and gas investment, the Iraqi oil ministry said after oil ministers of the two countries held bilateral trade talks.
Libya's state oil company NOC said it has won two arbitration cases brought against it at a Paris court related to the Ras Lanuf Refinery and called for the refinery operator to restart it as soon as possible.
Subsea North East, the regional advocacy group for the North-east of England's subsea sector, said it has appointed Bruce Heppenstall as its new chairman.
Upstream oil and gas firm KrisEnergy has appointed Chris Ong Leng Yeow, CEO of Keppel Offshore & Marine Ltd, as a non-executive director, effective January 5.
U.S. oil major Exxon Mobil has come back with positive results from its Ranger-1 exploration well, marking ExxonMobil's sixth oil discovery offshore Guyana since 2015.
Saudi Arabia announced the status change of its state oil giant Saudi Aramco which is now a joint-stock company, a necessary change ahead of the planned IPO later this year.
McDermott International, Inc. announced Ian Prescott as Vice President, Asia, effective January 8, succeeding Hugh Cuthbertson who announced plans to retire from the company. Prescott will also be a member of McDermott's executive committee.
Rebecca Liebert, CEO of Honeywell UOP, spoke exclusively about the importance of building innovative technology and why they had such a strong 2017 in the Middle East with a series of project wins.
SUITS (Shipboard Unmanned Inspection of Tanks Solution), developed by Martek Marine, improves the safety of surveyors and crew members when inspecting tanks, eliminating the need to enter hazardous, confined spaces on board.
Compliance by OPEC members to an oil-supply deal rose in December due to an extended decline in output from Venezuela and further cuts by Gulf producers, according to a Reuters' survey.
Jacobs Engineering Group has been awarded a contract to complete a front end engineering design (FEED) study for a propane dehydrogenation (PDH) plant located at the existing Borealis production site in Kallo, Belgium.
The exploration sector has emerged from the downturn confident that it has put its house in order, but Wood Mackenzie does not expect to see a surge in activity in 2018.
Dutch's Royal IHC has agreed to buy all of the outstanding share capital of Oceanteam's Dutch based engineering and consultancy company KCI the Engineers B.V.
Weatherford International has ditched plans for a proposed joint venture with Schlumberger and instead sold its U.S. pressure pumping and pump-down perforating assets for US$430 million.
Swiss-based Glencore has completed the sale of a 51 per cent interest in its storage and logistics businesses, HG Storage International Limited (HGSI), to China's Innovation Finance Group Co., Limited (HNA).
Dynamic Construction Services, a field services division of Dynamic Industries, has been awarded the hookup contract for a major Tension Leg Platform (TLP) to be installed in the Gulf of Mexico for a major oil company in early 2018.
Emerson has completed the purchase of Paradigm that expands Emerson's industrial software capabilities for global upstream oil and gas industry.
Saudi Aramco and its partners announced the launch of and appointed a Fathi K. Al-Saleem as CEO of a joint venture shipyard International Maritime Industries (IMI).
Korea's Samsung Engineering said it won a US$700 million contract from SABIC's manufacturing unit Jubail United Petrochemical Company for a petrochemical plant in east Saudi Arabia.
Repsol said it has begun gas production from the Sagari field, in Peru's Cusco region, reinforcing the company´s gas output drive in its reserves development strategy.
Italian oil major Eni drilled a new oil well in Alaska's Beaufort Sea earlier this week, the first since 2015, from a man-made island.
The Abu Dhabi National Oil Company (ADNOC) said it signed a long-term sales agreement with Morocco's fertiliser group OCP for the supply of sulphur.
Within its strategy to become a global supplier of tubular solutions, Tubacex has reinforced its product portfolio for the oil and gas sector - the complete range of stainless steel seamless pipes from outside diameter 3mm to 72" -and presented it all under one umbrella at ADIPEC.
An overwhelming response at the Endress+Hauser stand during ADIPEC'17 for the interactive sessions/ presentations on various IoT & Innovation topics reinforced the fact that the Industrial Internet of Things (IIoT) has ushered in huge potential: predictive maintenance, asset information management and device configuration are just some examples of the opportunities digitalisation has in store for companies.
For Stork, ADIPEC has been a recurring event in terms of exhibitions, providing the perfect platform to launch and introduce new products and services to the market.
Bilfinger, a global engineering and industrial services provider, showcased its range of solutions at ADIPEC 2017 and launched its new pipe repair technology. Ali Vezvaei, Executive President and CEO for Middle East at Bilfinger speaks to Pipeline Magazine about the company's ADIPEC experience.
First oil was produced from the Premier Oil-operated Catcher field, offshore UK on Dec. 23 with initial stable production expected at around 10,000 barrels per day.
Founded in 1973, Cimtas (Group), a fully-owned subsidiary of ENKA, has accumulated more than 40 years of toplevel experience. The company has seven fabrication and manufacturing shops, six in Turkey and one in China, with an annual fabrication and manufacturing capacity of 210,000 tons and 190,000 tons respectively.
McDermott International, Inc. said it won a substantial contract valued between US$500 million and $750 million from Maersk Oil for engineering, procurement, construction and commissioning (EPCC) services for the Tyra Redevelopment project, located offshore in the Danish sector of the North Sea.
Eni said it signed a Petroleum Agreement (PA) with the Moroccan State Company ONHYM to enter into the Tarfaya Offshore Shallow exploration permits I-XII.
Russia's Rosneft and its partner Eni has spudded the Maria-1 exploration well offshore in the Black Sea. The forecasted oil in place for Zapadno-Chernomorskaya licence area is estimated to exceed 570 million tons.
This year witnessed another record low year for discovered conventional volumes globally of less than seven billion barrels of oil equivalent, Rystad Energy said in a new report.
Engineering services group EnerMech has taken a majority stake in Aberdeen-based maintenance, inspection and integrity specialist MInteg.