Rising requirements for rigs in the Middle East is increasing competition for jackup refurbishment and conversion. Elaine Maslin reports. About quarter of the world’s 480-strong jackup drilling rig fleet resides in the Persian Gulf and…
Navis Engineering has completed work on its latest project with Singaporean offshore specialist Miclyn Express Offshore (MEO), following the commissioning of the DP2 system on board the ROV and dive support vessel Resolution. After successful sea trials…
Declining reserves from mature fields worldwide, the ongoing demand for oil, and retreating sea ice have brought a flurry of exploration activity to the Arctic. The US Geological Survey estimates undiscovered Arctic petroleum resources of 90 billion bbls of oil and 1…
Dutch walk-to-work technology company Ampelmann has acquired fellow Netherland’s based firm Offshore Solutions. Delft-based Ampelmann provides systems to safely transfer people and cargo from ships to offshore oil rigs or wind turbines…
Since the turn of the millennium, global pipeline investment has undergone sustained and, in recent years, robust growth as a result of favorable market conditions and industry trends, including: the continued high levels of investment in offshore development…
Colloquy: Editor’s Column American oceanographer Dr. Sylvia A. Earle recently received the Hubbard Medal, the National Geographic Society’s highest honor, recognizing “leadership in exploration, science, environmental stewardship and education…
National Iranian Oil Company (NIOC) plans to absorb as much as US $25 billion worth of investment for its development, exploratory and seismic operations during the current Iranian calendar year up to March 2014. At the closing ceremony of seismic operations at Ahwaz oil field…
Iran will invest US$16 billion to develop the offshore South Pars gas complex over the next 10 months, a natural gas company director said. Pars Oil and Gas Co. Managing Director Mohammadreza Zahiri said that most of the funding will come from domestic sources…
The global rig market is strong, with high utilization, high day rates, and nearly 200 offshore drilling rigs under construction. Drilling contractors are changing their fleet makeup, modernizing, streamlining, and concentrating on market sectors…
Saudi Aramco awarded Saipem a lump sum contract extension for the development of the Arabiyah and Hasbah gas fields in the Persian Gulf. The project’s scope includes construction work on the fields’ trunklines.
Marin Subsea was called out recently for an operation central to allowing Iraq – the world's fifth largest holder of crude oil reserves – to properly exploit its estimated 143 billion barrels. David Morgan looks at how the job was planned and painstakingly executed…
During the Cold War, leaders recognized that a robust energy supply was a sign of power, economic strength and prosperity. But now, two decades on, there appears to be an unquestionable sign of ‘change’ – and it’s not necessarily change for the better for the US…
Worldwide utilization for the mobile offshore drilling fleet averaged 72% over the last month. Of late the global utilization rates for semisubmersibles have held steady at approximately 83% while rates for drillships have bounced around the mid-to-low 80% range…
Last December, OE carried a report by the National Iranian Gas Company on the key facets and status of its massive, 24-phase South Pars gas field development in the Persian Gulf. Here, with the help of local contractor IOEC, we put together…
The South Pars gas field, located in the Persian Gulf between Iran and Qatar, is one of the largest independent gas reservoirs in the world. The estimated 14tcm of gas and 18 billion barrels of gas condensates on the Iranian part of the field…
