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.
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
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
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
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
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
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
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.