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Middle East & South Asia

Drydocks World secured a contract to fabricate an external Turret for floating production storage and offloading (FPSO) vessel Layang for Orwell Offshore. The external turret construction, part of a contract signed with Orwell Offshore, enables FPSO Layang's operations in water depths of up to 90m. Formerly known as Deep Producer…
Drydocks World secured a contract to fabricate an external Turret for floating production storage and offloading (FPSO) vessel Layang for Orwell Offshore. The external turret construction, part of a contract signed with Orwell Offshore, enables FPSO Layang's operations in water depths of up to 90m. Formerly known as Deep Producer…
Oil prices dropped on Tuesday following reports of rise in crude production by oil exporter Saudi Arabia which pumped 10.308 million barrels of oil a day in the month of April. Brent crude fell 20 cents to $64.71 a barrel, while West Texas Intermediate (WTI) dropped 8 cents to $59.17…
The price of Brent crude oil fell below $70 a barrel today following Saudi Arabia's decision to cut its monthly prices for crude sold to the US and Asia. Reuters reported that the January Brent crude contract declined 18 cents to $69.46 a barrel, while US crude was down 17…
ABU DHABI, UAE – Mubadala Petroleum has started oil production from the Manora field in the northern Gulf of Thailand.   Production is expected to peak at 15,000 b/d from 10 planned production wells with the support of five injection wells.   The field is within the G1/48 concession, about…
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