Wednesday 4 March 2015
 
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offshore

Sonatrach to spend $90bn on exploration

Algeria's state-owned Sonatrach plans to invest $90.6 billion in oil exploration over the next five years, a report quoting its CEO said. About eight per cent of the spending will be used for fuel transport, Said Sahnoun said

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Drilling decline inevitable as oil price remains low

Onshore drilling is set to decline 20 per cent this year, resulting in the smallest annual production growth for six year at just one per cent, according to a report. The first quarter 2015 edition of Douglas-Westwood’s (DW)

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Drilling decline inevitable as oil price remains low

Onshore drilling is set to decline 20 per cent this year, resulting in the smallest annual production growth for six year at just one per cent, according to a report. The first quarter 2015 edition of Douglas-Westwood’s (DW)

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Algeria to drill first offshore well; says refining output up

Algeria plans to drill its first offshore oil well by the end of 2015, having boosted annual refining output to 31 million tonnes at the end of last year, Energy Minister Youcef Yousfi said. Output was 25 million tonnes when the country

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Shell to dismantle North Sea oil platform

Oil company Shell intends to start a 10-year process to dismantle and remove one of Britain's oldest and biggest oil platforms, Brent Delta, the company said on Tuesday. Britain's North Sea basin is one of the most mature

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Technip wins key Brazil offshore deal

Technip, a leader in project management, engineering and construction for the energy industry, has won a contract from Tupi BV, a consortium controlled by Petrobras Netherland, to supply 114 km of flexible pipes for the ongoing development of th

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Technip wins key Brazil offshore deal

Technip, a leader in project management, engineering and construction for the energy industry, has won a contract from Tupi BV, a consortium controlled by Petrobras Netherland, to supply 114 km of flexible pipes for the ongoing development of th

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Gatehouse Bank closes offshore real estate deal

Gatehouse Bank, a London-based investment bank specialising in sharia-compliant products and services, has announced the closure of its first offshore real estate financing in St Helier, Jersey. The bank provided £10 million

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Gatehouse Bank closes offshore real estate deal

Gatehouse Bank, a London-based investment bank specialising in sharia-compliant products and services, has announced the closure of its first offshore real estate financing in St Helier, Jersey. The bank provided £10 million

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Asry appoints new GM for offshore services

Arab Shipbuilding and Repair Yard Company (Asry), a leading ship and rig repair yard in the Arabian Gulf, has promoted Rob Bryant to be the new general manager of the offshore services division, effective immediately. Bryant bring

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