Offshore - Oil & Gas

  • Offshore gas project royalty would reap billions...

    The federal government could gain revenue of US$4.8bn ($6.4 bn) from Chevron’s Gorgon gas project between now and 2030 if it made offshore gas projects subject to a royalties regime, according to research from a Monash University academic.

  • Trelleborg wins key UAE engineering contract

    Trelleborg, a Swedish engineering group focused on polymer technology, has won a major engineering, procurement and construction (EPC) contract for an offshore oilfield development project in the UAE, said a report.

  • After OPEC cuts heavy oil, China teapot refiners...

    Chinese independent, or "teapot", refiners are bringing in rare cargoes of North American heavy crude in a new long-distance flow that traders say has only been made possible by Opec's output cuts — and ample supplies in Canada and the United States.

  • Oil: cause of, and solution to, Libya’s problems

    On last Friday’s anniversary of its revolution, Libya’s oil industry had been in chaos for six years. Large oil companies active there – ConocoPhillips, Hess and Suncor among them – have stopped including it in their forecasts.

  • Egypt becoming an energy superpower, UK being its...

    British ambassador to Egypt John Casson and UK trade envoy Sir Jeffrey Donaldson attended the first ever Egypt Petroleum Show (EGYPS), which is the largest oil and gas industry event to take place in North Africa, with the participation of over 40 British companies from English and Scottish trade missions, exhibiting strong British representation in all the panel discussions.

  • ExxonMobil awarded Pason Systems with global...

    ExxonMobil awarded Pason Systems with the first global license of its patented Drilling Advisory System. The agreement will accelerate the technology’s commercialization and combines the expertise of Pason in drilling data and the experience of ExxonMobil in drilling surveillance and optimization


Oil spill brought under control in Sharjah

An urgent meeting was held before on Sunday in response to the oil spill off the Southern Coast of Kalba City in the Eastern region of Sharjah, which stretched over one kilometre of ocean.


Nine firms apply for prequalification

The deadline to participate in the new prequalification round for oil and gas exploration off Lebanon’s coast has passed with nine new companies applying to take part in the first licensing round, said a statement issued by the Energy Ministry and the Lebanese Petroleum Administration.


Bangladesh and UAE are working together to take bilateral ties to new heights

Forty-six years ago, on March 26, 1971, the father of the nation Bangabandhu Sheikh Mujibur Rahman declared Bangladesh an independent and sovereign country. The country became free on December 16, 1971 after a nine-month war that saw bloodbath and enormous sacrifice of the people of Bangladesh. It is an interesting coincidence that on that very month, on December 2, 1971, the United Arab Emirates was established under the able leadership of the UAE's founding father, the late Sheikh Zayed bin Sultan Al Nahyan. Both the countries thus started their independent statehood at the same time with the same aspiration for peace, progress, social justice and development.


Gas leak from Lunskaya-A platform in Okhots sea

Gas leak was detected from Lunskaya-A platform in Lunskoye offshore field on 9 nautical miles from Sakhalin east coast in Okhots sea. The crew from the offshore platform were evacuated to standby support vessel and the production was shut down. The emergency works are under way, but there is no treat for the employees on board of the rig. The emergency teams are assessing the quantity spilled and the source of the leak. Also the authorities will request a full report for the environmental impact caused by the gas leak. There were no reports for injuries during the accident and the investigation will be held after the situation is normalized.