News

  • 20 November 2017

    ADES secures new jackup contract in offshore Egypt

    UK drilling contractor ADES International Holding has secured a new contract for its ADMARINE III offshore jack-up rig from Egyptian national oil company General Petroleum Company (GPC).

  • 16 November 2017

    Mitsui to form JV for FSRU project in Pakistan

    Japanese company Mitsui & Co has signed an agreement to form a joint venture (JV) with BW Group in order to establish joint ownership of the floating storage and regasification...

  • 15 November 2017

    Eni signs deal to explore offshore block in Oman

    Italian oil and gas company Eni has signed an exploration and production sharing agreement (EPSA) for an offshore location with the Government of Oman and state company Oman Oil Company's...

  • 15 November 2017

    Oil prices fall as IEA cuts oil demand growth forecast

    Oil prices slipped by nearly 1% after the International Energy Agency (IEA) reduced oil demand forecast, countering the Organization of the Petroleum Exporting Countries’ (OPEC) claim of a tightening market.