Thursday 2 July 2015
 
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Mideast OFS spend to recover as oil prices rise

Middle East and Asia, the onshore dominated regions, is set to see a recovery in expenditure as oil prices rise, due to the sensitivity of onshore driving activity to changes in oil price, according to a recent forecast. The Dougl

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Drilling decline inevitable as oil price remains low

Onshore drilling is set to decline 20 per cent this year, resulting in the smallest annual production growth for six year at just one per cent, according to a report. The first quarter 2015 edition of Douglas-Westwood’s (DW)

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Drilling decline inevitable as oil price remains low

Onshore drilling is set to decline 20 per cent this year, resulting in the smallest annual production growth for six year at just one per cent, according to a report. The first quarter 2015 edition of Douglas-Westwood’s (DW)

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Deep gas drilling at Bahrain field on track

A project which entails drilling deeper for gas onshore in the Bahrain Field is progressing well, it has emerged. This follows a visit by Energy Minister Dr Abdulhussain Mirza to the site of Deep Gas Well (BD-1), said a report in

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Gulf Capital invests $25m in Egypt petroleum firm

Gulf Capital, one of the leading alternative asset managers in the Middle East, has completed a $25 million investment in Amak Group, a leading provider of petroleum services for the onshore and offshore sectors in Egypt. The inve

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Foster Wheeler-led JV wins Libya FEED deal

Global Engineering and Construction Group, a subsidiary of leading engineering conglomerate Foster Wheeler, in a joint venture with Taknia Libya Engineering Company, has won a front-end engineering design (FEED) contract from Nafusah Oil Opera

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Foster Wheeler-led JV wins Libya FEED deal

Global Engineering and Construction Group, a subsidiary of leading engineering conglomerate Foster Wheeler, in a joint venture with Taknia Libya Engineering Company, has won a front-end engineering design (FEED) contract from Nafusah Oil Opera

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China eyes Abu Dhabi oil deal for future energy

China hopes to secure more fuel to sustain its rapid economic growth via the rights acquired by state-run China National Petroleum Corporation (CNPC) to produce and export oil from Abu Dhabi. CNPC has expanded over the past decade

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GCC urged to set up onshore financial centres

The Gulf region must look into developing onshore financial centres to introduce further stability, said a leading expert at the Euromoney GCC Financial Forum in Bahrain. Pacific Alternative Asset Management Company managing direc

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Asry to set up new company

The Arab Ship Building and Repair Yard (Asry) is forming a new company to specialise in repair and conversion work on specialist vessels and oil rigs. Asry Offshore Services (AOS) will specialise specifically in the offshore oil and gas in

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