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ADNOC awards Petrofac $1.65B Dalma Gas Development contract

ADNOC awards Petrofac $1.65B Dalma Gas Development contract

Petrofac Emirates has been awarded two contracts, together worth around US$1.65 billion with Abu Dhabi National Oil Company in the United Arab Emirates. The new 15-year agreement, with an option of a 5-year extension, will enable ADNOC L&S to unlock value. In man-hours, the two FEED contracts, collectively, are the largest awarded by an oil...

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UAE finds 80 tcf gas field, the world’s biggest since 2005

UAE finds 80 tcf gas field, the world’s biggest since 2005

Dubai and Abu Dhabi made what could be the world’s largest natural gas discovery since 2005 as the two biggest sheikhdoms in the United Arab Emirates. UAE is committed to implementing the global plan to reduce disaster losses via the Sendai Framework. It keen to develop a museum and future strategy. It’s aim to push...

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ADNOC, Pertamina ink partnership for Indonesian infrastructure and LNG supply

ADNOC, Pertamina ink partnership for Indonesian infrastructure and LNG supply

Pertamina and ADNOC signed a Memorandum of Understanding (MoU). Company discuss critical issues facing the energy sector in a world that needs more energy but demands fewer emissions. Company announced a significant investment to upgrade its giant Bab onshore field. It explore potential development of a crude to petrochemicals complex in Balongan. Company announced its...

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CGG exits marine seismic acquisition business, kicks off marine streamer JV

CGG exits marine seismic acquisition business, kicks off marine streamer JV

CGG announced that it has completed its exit from the marine seismic acquisition business. CGG anticipates Q4 2019 segment Group revenue at $393 million. CGG announced that it is completing its exit from the seabed data acquisition business. CGG has completed JumpStart multi-client geoscience packages for the North West Shelf (NWS) of Australia. It following...

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Petrofac to establish Petrogas NEO UK’s new North Sea operations

Petrofac to establish Petrogas NEO UK’s new North Sea operations

Petrofac has been selected by Petrogas NEO UK – a jointly owned company created by Petrogas E&P UK, and NEO Energy. Company announces a new contract and the award of an additional scope of work with Petroleum Development Oman (PDO). Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of...

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Aramco IPO retail offering fully covered with one day to go

Aramco IPO retail offering fully covered with one day to go

The retail tranche of Saudi Aramco’s initial public offering is fully covered with one day to go after 3.7 million investors applied. Saudi Aramco recently honored a number of local manufacturers distinguished for offering high-quality products. Saudi Aramco is participating in the 2019 Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC). Company issued a prospectus...

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Coretrax acquires Churchill Drilling Tools, sets sights on further growth

Coretrax acquires Churchill Drilling Tools, sets sights on further growth

Specialist well construction and intervention company Coretrax has acquired Churchill Drilling Tools as part of an ongoing growth and expansion strategy. Coretrax has successfully completed an extensive three year decommissioning. Coretrax, leading engineered servicing company for wellbore clean and abandonment, has strengthened its position in the Middle East. Coretrax, the independent wellbore clean-up and abandonment...

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ADNOC taps Weatherford for $220 million rotary steerables contract

ADNOC taps Weatherford for $220 million rotary steerables contract

Weatherford has signed a $220 million, three-year contract with ADNOC Offshore. The Abu Dhabi National Oil Company (ADNOC) announced that it is establishing a new trading unit. As global exploration, development and production of oil and gas resources shifts to more complex. Company provide directional drilling services for the stated goal of increasing offshore production...

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ADNOC Drilling completes its first offshore Integrated Drilling Services well

ADNOC Drilling completes its first offshore Integrated Drilling Services well

ADNOC Drilling announced the completion of its first offshore integrated drilling services. The discussions between H.E. Dr. Al Jaber and H.E. Mr. Novak coincided with the 24th meeting of the World Energy. The Abu Dhabi National Oil Company (ADNOC) and the Chartered Institute of Personnel and Development (CIPD) have announced an agreement. The milestone follows...