Petsec Energy acquires Damis production licenceFeb 8, 2016Petsec Energy Ltd has expanded its oil and gas interests in the Republic of Yemen with the acquisition of entities holding the entire (100%) participating interest (82.5% equity interest)
Polarcus decides further cost reductionsFeb 2, 2016Polarcus further improves its cost position with the announcement of additional headcount reductions and changes to the executive management team. The expanded cost reductions are part of a longer term plan
Lamprell signs MoU with Saudi Aramco, Bahri, and Hyundai Heavy IndustriesJan 27, 2016Lamprell’s subsidiary Lamprell Energy Limited has signed a MOU with Saudi Aramco (the national oil company of the Kingdom of Saudi Arabia), the National Shipping Company of Saudi Arabia
Saipem signs MoU concerning potential cooperation for future projects in IranJan 26, 2016In the presence of the President of the Islamic Republic of Iran, Hassan Rouhani, and the Italian Prime Minister, Matteo Renzi, Saipem has entered into a Memorandum of Understanding
ITE Group appointed for 2016 World Energy Congress in IstanbulJan 26, 2016ITE Group plc has been appointed as the sales and marketing partner for the 2016 edition of the triennial World Energy Congress to be held in Istanbul from 9th to 13th October 2016.
Nostra Terra Oil & Gas updates on East Ghazalat concessionJan 26, 2016Nostra Terra says that North Petroleum International Company, owner of the other 50% interest and operator in East Ghazalat, has served a notice of default pursuant to the terms of the JOA
Churchill Drilling Tools unveils world’s first Hydraulic Pipe Recovery ToolJan 26, 2016Churchill Drilling Tools has launched its HyPR HoleSaver™ in the Middle East. The expansion follows successful deployments of the innovative hydraulic pipe recovery tool in the North Sea
Plexus Holdings signs new contract with Masirah OilJan 21, 2016Plexus Holdings PLC has been awarded a contract with new customer Masirah Oil Limited ('Masirah'), the Oman branch of the BVI based company and majority owned technology
Independent Resources Q4 net production of oil stands at 15,400 barrelsJan 21, 2016Independent Resources releases its trading update for the fourth quarter of 2015. Completion of East Ghazalat acquisition providing IRG with revenue generating assets in Egypt
Craig International opens new offices in the Middle-east on the back of $55million contractJan 20, 2016Craig International is fast-tracking its expansion into the Middle-east following the award of a contract to manage a $55million client spend with a major operator in Qatar.
Dana Gas makes key senior management appointmentsJan 14, 2016Dana Gas has made the following key senior management appointments. Chris Hearne was appointed as the Chief Financial Officer of the Company on
Gulf Keystone and partners relinquish Akri-Bijeel BlockJan 12, 2016MOL Hungarian Oil and Gas Plc. hereby informs capital market participants that, in agreement with its Partners Gulf Keystone Petroleum and the Kurdistan Regional Government's Ministry of
Tethys Oil updates December 2015 productionJan 12, 2016Tethys' share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in December 2015 to 359,775 barrels of oil, corresponding to
Drydocks World celebrates a five star grading from the British Safety CouncilJan 7, 2016Drydocks World has received a five star rating from the British Safety Council for the Occupational Health and Safety.
Valeura Energy confirms natural gas discovery in first Banarli exploration wellJan 6, 2016Valeura Energy Inc. confirms a natural gas discovery in its first exploration well Bati Gurgen-1 on its 100% owned and operated Banarli licences in the Thrace Basin of Turkey,
Genel Energy gets $30 million payment from Kurdistan Regional GovernmentJan 6, 2016Genel Energy says that the Taq Taq field partners have received a gross payment of $30 million from the Kurdistan Regional Governmentfor oil exported through the Kurdistan
Subsea 7 awarded contract offshore EgyptDec 31, 2015Subsea 7 S.A. has been awarded a sizeable contract by Burullus Gas Company S.A.E. for the platform extension and tie-in on the first phase of the West Nile Delta development
Drydocks World completes RIAP on the National Drilling Company’s rig DiyinaDec 24, 2015Drydocks World has successfully completed the yard’s first Rig Integrity Assurance Program (RIAP) on rig Diyina for the National Drilling Company (NDC), and the first
KKR to provide asset management services to the oil and gas industryDec 24, 2015Gglobal investment firm KKR has signed an agreement to pursue acquisitions and investment opportunities by establishing an integrated entity to provide asset management services
Oryx Petroleum resumes drilling at Demir DaghDec 23, 2015Oryx Petroleum Corporation Limited has resumed drilling activities at the Demir Dagh field in the Hawler licence area in the Kurdistan Region of Iraq and has agreed with the
KCA Deutag sells Ben Loyal Jack-Up drilling unitDec 22, 2015KCA Deutag has sold its jack-up drilling unit, the Ben Loyal to Egyptian headquartered Advanced Energy Systems A.D.E.S. SAE for an undisclosed sum.
Almansoori launches new production testing & stimulation vessel in Arabian GulfDec 21, 2015AlMansoori Specialized Engineering has announced the deployment of the first of two planned production testing and stimulation vessels in the Arabian Gulf.
GCC companies growing despite challenging business environmenDec 18, 2015A study conducted by Heidrick & Struggles, a professional services firm serving the leadership needs of top organizations around the globe, shows that senior business leaders in the
Churchill Drilling Tools looks forward to 2016Dec 17, 2015Churchill Drilling Tools has announced the opening of its new Dubai office following international success and growing demand for its technologies.
