Lamprell announced today it has completed the construction of the Ensco 141 jack-up drilling rig as well as its delivery to Ensco Intercontinental, a subsidiary of Ensco plc.
Qatar is postponing the start-up date for its Barzan Gas project due to a gas leak found in a gas pipeline, media sources reported.
Despite OPEC’s announced oil output cut to control the supply glut, Iraq could be raising its oil production for the rest of the year and in 2017.
Abu Dhabi National Oil Co. (ADNOC) announced on Tuesday its plans to consolidate the operations of two of its offshore oil companies into a new entity.
Technip has been awarded an Engineering Procurement and Construction (EPC) contract for the design and construction of new processing units and ancillary units at the Jebel Ali refinery in the United Arab Emirates (UAE).
Iran has announced it is willing to support any measures to boost crude oil prices discussed during the OPEC meeting next week.
The Organisation of Petroleum Exporting Countries (OPEC) has changed its forecast for crude oil supply in 2017, predicting an increase in oil production rather than the previously foreseen decline, outside the cartel.