Monday 25 July 2016

Aberdeen Drilling Consultants awarded contract by BP

Aberdeen Drilling Consultants (ADC), a rig inspection consultancy based in Scotland, has been awarded a contract by BP to provide engineering services globally.   ADC will provide support in more than 14 countries worldwide. It will deliver rig site assessments


Oil prices fall on oversupply concerns despite output cuts

Oil prices eased on Tuesday as concerns over a crude and refined fuel glut outweighed an expected cut in US shale production and a probable further draw in US crude inventories.   Crude prices fell more than 1 percent in the previous session after worries about


Algeria boosts oil output at two major fields

Algeria has boosted output in recent months at two major oil fields, including the Hassi Messaoud field, an oil official said, as the Opec member strives to maximise production to make up for lost revenue.   Production at Hassi Messaoud, 800 km southeast of the


Iraq undercuts Saudi Arabia to grab top spot in India oil market

Iraq overtook Saudi Arabia for the first time to become India's top oil supplier in the June quarter, helped by sales of discounted heavy crude that refiners have also been using to make bitumen to build roads in the world's No 3 oil consumer.   State oi


Energy Recovery wins $11m gas tech order in ME

Energy Recovery, a leader in pressure energy technology for industrial fluid flows, has won a purchase order totalling up to $11 million to provide its IsoBoost technology for integration into a major gas processing plant to be constructed in the Middle East. The contract is for


Dubai’s first Solar Decathlon draws big response

Universities from 19 international and Middle Eastern countries have registered for the inaugural Solar Decathlon Middle East 2018 (SDME 2018), which will be held in Dubai, UAE. Solar Decathlon is an international competition that challenges teams to design and build smart houses


SNC-Lavalin seals Qatar consultancy contract

SNC-Lavalin, a leading engineering and construction group, said it has been awarded an engineering consultancy and support services contract by Oryx GTL, a joint venture between Qatar Petroleum and Sasol of South Africa, for its gas-to-liquids complex at Ras Laffan Industrial City in Qatar.


Protests delay Libyan oil shipments from Hariga

Guards protesting over pay shut the eastern Libyan oil terminal of Hariga, delaying two shipments of crude, a port official said.   A unit of Libya's Petroleum Facilities Guard (PFG) took the action because they said they had not been paid their salaries rec


Saudi always reacts to oil supply and demand, watching market: minister

Saudi Arabia's energy minister said the kingdom always reacts to oil market supply and demand and it would continue to monitor crude markets for any developments.   Khalid Al-Falih also said that final agreements with foreign investors taking part in state o


Iran targets oil sales to China teapots via Trafigura

An Iranian crude cargo loaded by trading house Trafigura is set to arrive in east China this week, heating up the race among oil suppliers to meet the rise in demand for imports from China's independent refineries, trade sources said.   Only last year, China

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