The boss at Gulf Marine Services (GMS) said yesterday that tendering activity for decommissioning projects in the North Sea had picked up “slightly” in recent months.
Fluenta said it has won a contract to supply flare gas metres to the Kuwait Oil Company (KOC).
Iran will invite international oil companies to submit bids in October under the long-awaited new contract model for energy investors, as the OPEC producer seeks billions of dollars to boost output after years of international sanctions.
Iran's oil minister has confirmed he will attend an OPEC meeting in Algeria next month.
Thailand’s PTT Exploration and Production (PTTEP) plans to sell its Omani unit to a company based on the Arabian Peninsula as part of a rethink of its portfolio.
Gulf Marine Services (GMS) said today a contract for one of its mid-size vessels had been cancelled early by an unspecified oil company based in the Middle East and North Africa (MENA) region.
Second quarter profits were flat at Dana Gas as low oil prices hit earnings, the UAE-based energy firm said today.
Aberdeen downhole well integrity specialist READ Cased Hole (READ) has appointed its first ever global business development manager to spearhead the company’s expansion drive. The role has gone to Gavin Lindsay, who previously held director level positions with a major oilfield services company. READ, whose headquarters are in Bridge of Don, decided to create the position after being emboldened by a number of contract wins and technology launches earlier in the year.
Energy service firm Proserv has teamed up with a UK-based equipment company to offer a souped-up oil-spill prevention package in the Middle East. Proserv, whose corporate headquarters are in Westhill, Aberdeenshire, will offer goods made by Klaw Products across the region while also delivering in-country technical support. Klaw, based in Wiltshire, supplies breakaway couplings and emergency release systems for the safe transfer of hazardous and non-hazardous materials.
Iran approved a new oil contract model, taking the OPEC nation a step closer to welcoming foreign investment in its energy industry and boosting production even more into an oversupplied market.
Iran is expected to approve a new model for oil contracts on Wednesday, paving the way for billions of dollars of foreign investment to help rebuild its energy industry.
At the biggest oil market in the world, crude from Iran is back in vogue.
Kuwait is open to liaising with neighboring Saudi Arabia on its planned debt sale as the two OPEC nations prepare to test investor appetite for about $20 billion of bonds.
Gulf Keystone Petroleum said its culmative production from the Shaikan field has now reached 25million barrels.
Saudi Arabia, the world’s largest crude exporter, cut all official selling prices for its crude sales to Asian and US clients in August.
Iran has reappointed a former manager of its Swiss-based trading company as part of a wider reshuffle aimed at bolstering oil exploration and exports.
Iran plans to issue tenders to develop its oil fields this summer as the government is expected to approve a new model oil contract designed to attract investors “in a short amount of time,” Oil Minister Bijan Namdar Zanganeh said, according to an interview published by the Iranian Students News Agency.
Genel Energy said a payment of $24.28million has been received from the Kurdistan Regional Government for oil sales during last month.
Iran has named oil ministry senior analyst Behrouz Beik Alizadeh as its new representative at OPEC.
Iran easily beat expectations with its speed in boosting oil exports after the lifting of sanctions. Without an injection of cash and the easing of remaining trade barriers, the recovery may have run its course.
The Omani government plans to start tendering about five oil blocks in October this year.
Oil major Shell is said to be reducing its workforce at the Majnoon oilfield in Southern Iraq as the country continues to manage a number of financial pressures.
Russia has said the country’s energy companies have received requests from war-torn Syria to help rebuild its oil and gas industry.
Gulf Marine Services said it continues to focus on maximising vessel utilisation and maintained a high rate of 93% for the first quarter.
Cape, which provides support services to the energy and natural resources sectors, reported mixed trading conditions in the first quarter of 2016 with margins lower than expected but with "solid" order intake and revenue.