Thursday 31 July 2014
 
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Oilfield services

Big growth seen in oilfield services market

Global oilfield services (OFS) expenditure is forecast to increase 47 per cent from $354 billion in 2014 to $521 billion in 2018, a report said. The majority of global OFS spending occurs onshore, accounting for 79 per cent of the

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Scottish oilfield firm expands in Mideast

Scotland-based oilfield service company Romar International has entered a two year agreement with Step Oiltools to represent the company in the Middle East. This agreement follows on from a successful contract already in place wit

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Renaissance sells unit to UK Interserve for $46m

Oman's Renaissance Services has sold its oilfield maintenance services unit Topaz Oil and Gas, based in the United Arab Emirates, to Interserve for $46 million, a bourse filing said on Sunday. The UK-based support services and

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Gulf Capital buys stake in oil field services firm

Gulf Capital is buying a controlling stake in OCB Oilfield Services, which provides crews and logistics for oil rigs, to boost its exposure to the sector, said the UAE-based private equity firm in a statement. Gulf Capital, which

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Major oilfield services base launched in Bahrain

The state-of-the-art Bahrain Oilfield Services base of Schlumberger, the world’s largest oilfield services company with headquarters in Houston, was inaugurated yesterday. The Jebel Al Dukhan base was inaugurated by Finance Minist

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AlMansoori opens office in Uganda

AlMansoori Specialized Engineering (MSE), a leading Abu Dhabi-based oilfield service company, has expanded its operations into East Africa by opening its first office in Kampala, Uganda. Newly appointed base manager George Chesnaye will he

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Saipem wins $904m Kuwait, Angola deals

Italian oilfield services company Saipem has won two contracts worth around 580 million euros ($903.5 million) for onshore projects in Kuwait and Angola, it said in a statement. The Kuwait contract is for construction of a gas booster stat

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