Friday 31 October 2014
 
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Gulf Capital invests $25m in Egypt petroleum firm

Gulf Capital, one of the leading alternative asset managers in the Middle East, has completed a $25 million investment in Amak Group, a leading provider of petroleum services for the onshore and offshore sectors in Egypt. The inve

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BP starts drilling Atoll-1 offshore well in Egypt

BP Egypt has started drilling the Atoll-1 well offshore, which is the second exploration well in the North Demietta Offshore concession discovered by the firm last year. The deepwater exploration well will be drilled using the six

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Qatar Navigation posts $95m net profit

Qatar Navigation (Milaha), a leader in marine transportation and offshore support, has reported a net profit of QR349 million ($96 million) for the first quarter when compared to QR345 million in 2013. Milaha’s net result wa

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China eyes Abu Dhabi oil deal for future energy

China hopes to secure more fuel to sustain its rapid economic growth via the rights acquired by state-run China National Petroleum Corporation (CNPC) to produce and export oil from Abu Dhabi. CNPC has expanded over the past decade

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Topaz wins $11m West Africa contract

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, has won a new $11 million contract for its fast growing West Africa operation. Topaz will supply a global o

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New climate-controlled suit for sailors

A landmark UK-Abu Dhabi co-operation has led to a major breakthrough for the offshore clothing industry.    A tie-up between the Abu Dhabi Ocean Racing (Ador) and Britain’s Musto, which was the emirate

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Unique Bahrain pearl project 'to bring big benefits'

A project to create one of the world’s biggest offshore preservation sites, which could be worth more than $200 billion to Bahrain’s economy, is now in the planning stages.    It involves creatin

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Topaz Energy unit posts 22pc revenue growth

Nico Middle East, a subsidiary of Dubai-based Topaz Energy and Marine said it has registered $376.5 million revenue for 2013, up 22 per cent over the previous year as a result of the expansion of the core vessel fleet and high vessel utilization

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ABB to showcase new solutions in Abu Dhabi

ABB, the global power and automation technology group and its unit Ventyx, will showcase solutions for ‘innovation and energy efficiency for offshore platforms’ at a conference in Abu Dhabi next week. The Mena Offshore

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Offshore platform experts to discuss key issues

Top industry experts will discuss issues related to offshore platforms at a major conference being organised by IQPC next week in Abu Dhabi. The Mena Offshore Platforms 2014 will be held from February 23-25 at the Beach Rotana Hotel.

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