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.
'We will live in a different reality,' said a top Kremlin official. The message is aimed squarely at Saudi Arabia in a war for market share
Government says it has built capacity storage of 28.6 million cubic meters. China’s government said Friday it had doubled national oil stockpiles during the past year, as it looks to take advantage of cheap global supplies to follow wealthy nations in building strategic reserves.
Incremental Oil and Gas (ASX:IOG) has achieved more than 50 per cent increase in production at its new Silvertip Oil and Gas Field, located in the Big Horn Basin, Wyoming USA.
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.
Chairman John Barr says it is prudent to cancel the option, and instead focus resources on the STEP and Murchison assets.
Bahrain will soon be awarding the contracts for the Phase 2 expansion of the Bahrain National Gas Company (Banagas), the kingdom’s Energy Minister Dr Abdul-Hussain bin Ali Mirza has said.