Ensco plc has entered into a three-year contract with NDC for a new premium jackup, ENSCO 110. This newbuild rig is scheduled to commence operations later this month offshore United Arab Emirates at a rate of approximately $114,000 per day.
United Arab Emirates energy firm Dana Gas posted a 73.3 per cent drop in its first-quarter net profit on Tuesday due to lower hydrocarbon prices but said it was pressing ahead with an offshore gas project in its home country.
Dubai Maritime City Authority ( DMCA ), the government authority charged with regulating, coordinating and supervising all aspects of Dubai's maritime sector, has announced its sponsorship and participation in the Middle East Offshore Journal Conference 2015.
The third International Conference on Oil, Gas and Petrochemical will be held at highest international standards in the Iranian capital mid-December. The conference aims to exchange experience and knowledge of different researchers from industry, universities and scientific research institutions.
Commodities traders Vitol and Litasco issued statements on Monday in support of Libya's Tripoli-based National Oil Corp (NOC) as both vie for 2016 contracts with the country.
Iraq's Kurdistan Regional Government (KRG) authorized the release of payments to oil exporting companies for November in line with payments made in the past two months, an official close to the minister of natural resources said on Monday.
Iran offered on Saturday about 50 oil and gas projects to be developed by foreign investors with local partners under a new scheme it hopes will initially generate $25 billion in investments, state media reported.
Oil buyers in Asia are sure of one thing as OPEC prepares to meet: They’ll emerge as winners from the group’s rift over production.
Iran has revealed the framework of oil and gas contracts to lure backIran has revealed the framework of oil and gas contracts to lure back international oil companies, offering more flexible terms on oil price fluctuations and investment risks to make the sector financially attractive. international oil companies, offering more flexible terms on oil price fluctuations and investment risks to make the sector financially attractive.