Offshore - Oil & Gas

  • Saudi Arabia to U.A.E. Complying With Oil Cuts

    Oil producers from Saudi Arabia to the United Arab Emirates are complying with production cuts promised last year to stabilize the market, Kuwait’s governor to the Organization of Petroleum Exporting Countries said.

  • Morocco approves Eni farm-in deal with Chariot...

    Moroccan authorities have approved Eni’s farm-in to the Rabat Deep Offshore exploration block from UK’s Chariot Oil and Gas, the Atlantic margins-focused oil and gas exploration company, the latter said in a statement.

  • GCC sees $215bn petchem projects in 10 years

    A total of 139 petrochemical projects valued at $215 billion were introduced in the GCC in the last 10 years, while the Gulf region, the world’s biggest producer of petrochemicals, commands 11 per cent of the $600 billion global market.

  • Lamprell delivers drilling unit to NDC

    The Lamprell group, which operates facilities in Dubai and Sharjah, has reached an important milestone, delivering its 25th newbuild jack up rig since 2006. The Al Gharbia was delivered to Abu Dhabi’s National Drilling Company (NDC) in December 2016.

  • Bahrain LNG set to start work on giant terminal

    Bahrain LNG, developer and owner of the kingdom’s first receiving and regasification terminal for liquefied natural gas (LNG), will start the construction work on its new terminal this month and complete it by 2019.

  • Oil demand to grow more swiftly, too early to...

    Global oil demand will rise more strongly than expected next year, although it is too soon to assess fully the impact of a joint cut in supply by the world's largest producers, the International Energy Agency said this week.


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 top oil and gas partner

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.