Offshore - Oil & Gas

  • China Fishing Illegally in West Africa:...

    Chinese fishing companies have flocked to the coast of west Africa over the last three decades to engage in illegal and ecologically destructive fishing practices, according to a Greenpeace report issued Wednesday. 

  • Adnoc capex to hit $100bn in four years

    The Abu Dhabi National Oil Company (Adnoc) will spend more than $100 billion in the next four years on increasing its oil production capacity and building other oil and gas facilities, a senior official said.

  • UAE's IPIC seeks arbitration over South...

    Abu Dhabi-based International Petroleum Investment Co (IPIC), which sold its controlling stake in a South Korean refiner in 2010 for over $2 billion, has filed a request for arbitration, seeking compensation for a tax payment stemming from the sale, according to a South Korean official.


  • Abu Dhabi Pivots for Asian Partners in $22...

    Abu Dhabi, with 6 percent of global crude reserves, selected GS Energy Corp. of South Korea to join Japan’s Inpex Corp. as the second Asian partner in the Persian Gulf emirate’s biggest onshore oil concession.

  • Macro Sensors Unveil Offshore LVDT Linear...

    Macro Sensors have introduced its Offshore LVDT Linear Position Sensors for marine and offshore applications. Because of their high accuracy and long-term reliability when operating in water, Macro Sensors Offshore LVDT Linear Position Sensors are quickly becoming the preferred technology in marine and offshore applications, especially for elongation measurement as part of long-term finite element analysis of pipelines, derricks, moorings and other critical high-stress members on offshore oil platforms that must be constantly monitored to ensure ongoing drilling platform stability.

  • Seafarers & Employees at Dubai Customs and DP...

    Emirates Gas LLC (EMGAS ), a subsidiary of Emirates National Oil Company (ENOC) , joined hands with Dubai Customs and DP World to conduct safety training on Liquefied Petroleum Gas (LPG) handling and storage for seafarers & employees at Dubai Customs and DP World ports.

  • 3W Networks awarded the Telecommunication System...

    The region’s premier System Integrator, 3W Networks, is awarded the implementation of Telecommunication, Safety and Security Systems of Abu Dhabi Crude Oil Company (ADCO) Carbon Dioxide (CO2) Injection Project for BAB Far North oilfield, in addition to the CO2 injection project for Rumaitha North Oilfield won in Q1 of the current year.


Rosneft and OVL likely to join hands for more oil & gas projects

Russia’s oil and gas major Rosneft is likely to join hands with India’s flagship explorer ONGC Videsh (OVL)  for more upstream projects. In September, OVL, the overseas arm of state-run explorer ONGC, had announced buying 15% stake in Vankorneft (that runs the Vankor oil field in East Siberia) from the Russian firm for $1.25 billion.