Abu Dhabi-based National Petroleum Construction Company (NPCC) has said it will spend more than US$500 million to upgrade its offshore marine fleet, increase the capacity of its yards and improve equipment
Industry
Senergy opens Dubai office
UK-based Senergy has expanded its Middle East operations by opening an office in Dubai to help meet growing demand and consolidate its presence in the region
Global oil and gas spending to reach US$1.23 trillion in 2012
Total global spending on the upstream oil and gas industry will reach US$1.23 trillion in 2012 and is expected to rise to $1.64 trillion in 2016, with the Middle East region playing a key role in terms of total spending, according to energy consultant IHS
Record profits for Sharjah gas group
Sharjah–based gas company Dana Gas has posted a record gross profit of AED 1.33 billion (US$362 million) for the year ended December 31, 2011
Weatherford Q1 profit soars
Weatherford International has reported that first quarter profit for 2012 more than tripled compared to the same period in 2011 to hit US$190 million
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