Petrofac JV selected for offshore UAE project FEED
A joint venture involving UK energy service giant Petrofac will carry out early design work on an offshore oil project in the Middle East.
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Boost to security in Gulf as second warship arrives
A second warship has arrived in the Strait of Hormuz to protect British ships as the Iranian seizure of a tanker enters its second week.
Johnson told Iran ‘does not want confrontation’ but will protect Gulf
Iran has warned it will protect its waters after the UK set out plans to put together a European maritime force to defend shipping in the Strait of Hormuz.
UK seeks new European-led force to protect shipping in Gulf
Britain is to seek to put together a European-led maritime mission to protect ships sailing through the Strait of Hormuz following the seizure by Iran of a British-flagged tanker.
Theresa May to lead emergency meeting on Persian Gulf security
Prime Minister Theresa May will lead a meeting of the U.K. government’s emergency committee on Monday to discuss the security of shipping in the Persian Gulf after Iran seized a British oil tanker in the Strait of Hormuz last week.
Government ‘deeply concerned’ by seizure of oil tanker in Persian Gulf
The Government said it remains "deeply concerned" by the "unacceptable" seizure of a British-flagged oil tanker by Iranian authorities in the Persian Gulf.
Trump says US ship downed Iran drone but Tehran denies it
President Donald Trump said the U.S. “immediately destroyed” an Iranian drone that approached the USS Boxer near the Strait of Hormuz, though officials in Tehran denied losing one.
Petrofac celebrates production start of ‘megaproject’ in Oman
Petrofac has celebrated the start-up of a major oil and gas production facility in Oman.
Bankers question whether Saudi Aramco IPO will be worth the effort
When Saudi Arabia announced plans to sell shares in its crown jewel Aramco, international bankers scrambled to get a piece of the action. Three years on, they’re questioning whether what could be the world’s biggest IPO is worth their time and effort.
Iran forces seize foreign vessel `smuggling fuel’
Iran's state TV is reporting that the country's paramilitary Revolutionary Guard forces have seized a foreign oil tanker accused of smuggling oil.
Iran’s leader vows response to British ‘piracy’
Iran's top leader has said his country will retaliate over the seizure of an Iranian tanker by British authorities.
Saudi wealth fund ‘to buy’ stake in venture from Aramco, Jacobs
Saudi Arabia’s sovereign wealth fund has acquired a 40% stake in a joint venture between state energy producer Aramco and Jacobs Engineering Group Inc., according to three people familiar with the matter.
Hunt to dial down tensions in Gulf after Iran tanker seizure
Jeremy Hunt is to launch a fresh diplomatic bid to prevent the Iran nuclear deal unravelling and to ease tensions in the Gulf.
UK in talks with US to boost protection for Gulf shipping over Iran threat
The U.K. is in talks with the U.S. and other allies about beefing up their military presence in the Persian Gulf to deal with the rising threat to shipping posed by Iran.
Aramco awards $18billion in deals for work at oil fields
Saudi Aramco, the world’s largest crude exporter, awarded $18 billion in contracts to boost output capacity at two offshore oil fields even as the kingdom and its OPEC partners restrict production.
BP oil tanker shelters in Persian Gulf on fear of Iran retaliation
An oil tanker run by BP Plc is being kept inside the Persian Gulf in fear it could be seized by Iran in a tit-for-tat response to the arrest by Gibraltar last week of a vessel hauling the Islamic Republic’s crude.
Saudi Aramco to dust off shelved plans for mega IPO
Saudi Arabia is restarting preparations for a potential initial public offering of oil giant Aramco, months after putting the planned listing on hold, people familiar with the matter said.
Iran uncertainty major factor behind OPEC delay
Uncertainty relating to Iran and the US-China trade war has led volatile oil prices and the postponement of a key OPEC meeting. The recent exchange of words between US and Iranian leaders has not calmed markets.
Chevron Phillips joins Qatar to build Middle-East’s biggest ethylene plant
Chevron Phillips Chemical Co. will help gas-rich Qatar build the Middle East’s largest plant for production of ethylene, a key ingredient in plastics.
McDermott wins large offshore contract with Saudi Aramco
McDermott has won a “large” contract for work on two oil and gas fields off Saudi Arabia.
Oil keeps rising as more US sanctions worsen tension in Gulf
Crude kept rising following its biggest weekly gain since late 2016 after PresidentDonald Trump said he would impose “major additional sanctions” on Iran, exacerbating tensions in the oil-rich Middle East.
Ace Winches looks to pull in new Europe and Middle East customers
Lifting specialist Ace Winches is looking to pull in new customers with partnerships in Europe and the Middle East.
War risk insurance spirals higher for Middle East tankers
Oil tanker owners face spiraling insurance costs to load cargoes from the world’s largest crude-export region after the latest round of attacks on vessels.
UK backs White House assessment blaming Iran for oil tanker ‘attacks’
Britain is currently backing the US in its assessment that Iran is responsible for suspected attacks on two oil tankers in the Gulf of Oman, the Foreign Secretary has said.
Updated: Crews evacuated as oil tankers targeted near Strait of Hormuz
Two oil tankers near the strategic Strait of Hormuz have reportedly been attacked, leaving one ablaze and adrift as sailors were evacuated from both vessels and the US navy rushed to assist amid heightened tensions between Washington and Tehran.