The offshore industry has turned a corner and can reach a potential project commitment total of US$123bn in 2019, surpassing commitments in 2014 of US$78bn
Exploration & Production
UAE’s Mubadala farms out Indonesian gas blocks to Premier Oil
Mubadala Petroleum has announced that it has signed an agreement with UK oil company Premier Oil to farmout a 20 per cent stake in two Indonesian gas blocks
Deepwater leads the way in oil, gas discoveries in 2019: Rystad
Global discoveries of conventional oil and gas totalled 6.7bn boe in the first half of 2019, according to Norwegian energy research and consultancy Rystad Energy
NESR announces multiple contract awards in Bahrain
National Energy Services Reunited Corp (NESR) has received multiple awards of contracts for well intervention services from Tatweer Petroleum — Bahrain Field Development Company W.L.L
ADNOC, Korean firms celebrate first oil production from Haliba field
Al Dhafra Petroleum, a joint venture between Abu Dhabi National Oil Company (ADNOC), Korea National Oil Company (KNOC) and GS Energy, has announced that it has started producing crude oil from Abu Dhabi’s Haliba field
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