Crude Oil Price Climbs as Analysts Fear Disrupted Supply from Middle East

• Tuesday, 28th April 2015
• by Egypt Oil & Gas

Brent crude oil increases to $65.37 per barrel amid concerns over disrupted supply from Middle East and slowdown in US shale oil production Conflict in the Middle East and a downturn in US shale oil production are sai...

Payrolls, Hiring Expand in Middle East Despite Global Oil Slump

• Tuesday, 21st April 2015
• by Egypt Oil & Gas

Recruitment of new employees for oil and gas companies outside the Gulf region has slowed down, but businesses in the UAE and the rest of the Middle East continue to push forward with hiring, a new report reveals. As ...

Kentz Oil and Gas Service Provider Headed to Middle East

• Wednesday, 11th March 2015
• by Egypt Oil & Gas

Kentz Corporation, a member of the SNC-Lavalin Group, has been awarded two sustaining capital contracts by a major oil company in the Middle East, with an anticipated combined value of over $500m. “Both Kentz and SNC-...

Houthis Seek Control of Strategic Strait

• Monday, 9th February 2015
• by Egypt Oil & Gas

Attention is increasingly fixed on the Houthis’ advance in Yemen. Since last summer, the rebel group has laid siege to the capital Sanaa. Last month, they seized the presidential palace. This past weekend, they took o...

Technip Enters Middle East Subsea Market

• Tuesday, 3rd July 2012
• by Egypt Oil & Gas

French oilfield services firm Technip said Monday that an award from Dubai Petroleum marks the firm’s entry in the Middle Eastern subsea market. Technip has been awarded an engineering, procurement, installation...

Transocean may raise $1 bln from rig sale

• Monday, 18th June 2012
• by Egypt Oil & Gas

Transocean , owner of the world’s largest offshore drilling fleet, has put its Middle East rig assets up for sale, in a deal likely to raise $1 billion for the Switzerland-based company, three sources said. U.S....