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Egypt pays $350mn to BG Group Dana Gas will invest $270mn in Egypt's main gasfield after receiving payments back.

Egypt pays $350mn to BG Group

The amount has been given as part of a deal to repay Egypt's dept

 •   Egypt seeks $1.5bn loan to repay oil and gas debts
 •   BP Egypt starts drilling Atoll-1 well
 •   Egypt's top refinery hopes to start exporting


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First contract for GMS Shamal vessel

First contract for GMS Shamal vessel

Gulf Marine vessel contracted by Middle East NOC
 
Total signs up to zero flaring initiative

Total signs up to zero flaring initiative

Company has been voluntarily reducing flaring since 2005
 
Lamprell wins $365mn Jack up contract

Lamprell wins $365mn Jack up contract

The order is for two state of the art jack up rigs
 
Drilling market to grow by more than 10% by 2019

Drilling market to grow by more than 10% by 2019

Asia Pacific is the area that is predicted to experience most growth
 

 

Adma-Opco pumps first oil from offshore field

Adma-Opco pumps first oil from offshore field

Production from Umm Lulu field in Abu Dhabi kicks off
 
BP awards Khazzan contracts worth $730mn

BP awards Khazzan contracts worth $730mn

KCA Deutag and Abraj Energy Service have been awarded deals
 
Maersk rig contracted for another year by Petronas

Maersk rig contracted for another year by Petronas

The jack-up rig will be on contract until mid-November 2015
 
Keppel wins $227mn jackup contract

Keppel wins $227mn jackup contract

Rig will be built for Gulf Drilling International
 
GCC nations remain reliant on oil revenues

GCC nations remain reliant on oil revenues

Saudi Arabia and Kuwait most reliant on hydrocarbons
 
BP faces further $18bn in Macondo penalties

BP faces further $18bn in Macondo penalties

US judge ruled the firm was reckless and negligent
 
National Drilling Company launches five rigs

National Drilling Company launches five rigs

The new rigs will carry out maintenance of oil wells
 
ONGC outlines investment plans for Daman project

ONGC outlines investment plans for Daman project

Indian state-owned company looking to increase natural gas production
 
Drilling downturn could lead to takeover deals

Drilling downturn could lead to takeover deals

Drilling contractors may have opportunity to snap up peers
 
SBI enters talks to build five jack-up rigs

SBI enters talks to build five jack-up rigs

Discussions have been opened with unknown Middle East-Chinese group
 
Saudi Aramco chief: US shale not a threat

Saudi Aramco chief: US shale not a threat

Company expects first shale production in “couple of years”
 





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