Search results for: Makamin Offshore Saudi

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  • 22 March 2016
    Business & Finance

    Offshore support vessels operator POSH Semco, a wholly-owned subsidiary of PACC Offshore Services Holdings (POSH), has launched legal action against Makamin Offshore Saudi (MOS) related to owed charter fees for three vessels. The company is claiming a sum of SAR 24.4 million (USD 6.5 million) due from Makamin for the charters as well as charges for meals and accommodation and interest charges. Additionally, […]

  • 21 March 2016

    Singapore’s offshore ship owner PACC Offshore Services, aka POSH, has sued a Saudi client seeking a $6.6 million sum. POSH on Monday said the company started legal action against Makamin Offshore Saudi, to recover approximately SAR24.4 million (approximately US$6.6 million) the Saudi operator owes. According to the shipowner which has vessels under contract with Makamin, […]

  • 27 April 2015
    Business & Finance

    Carimin Petroleum Berhad’s subsidiary, Carimin Engineering, has on April 24, 2015 entered into collaboration agreements with Makamin Offshore Saudi Ltd. Company (MOS) and Petro Allied International (PAI).  The companies entered the collaboration agreement in order to combine their resources and expertise to pursue selective opportunities involving hook-up and commissioning (HUC), topside, subsea services, vessel chartering and manpower supply […]

  • 27 April 2015
    Business & Finance, Equipment, Operations & Maintenance

    Malaysia’s Carimin Engineering has entered into collaboration agreements (COA) with Makamin Offshore Saudi  Ltd. (MOS) and Petro Allied International (PAI). Carimin Engineering has experience and expertise on Hook-up and commissioning (HUC), topside major maintenance (TMM), subsea services, marine vessels chartering and manpower supply services in the oil and gas platforms in Malaysia, whereas MOS and PAI […]

  • 6 April 2016

    A dispute is heating up between the Saudi offshore vessel provider Makamin Offshore, and Singapore’s shipowner POSH, following the legal proceedings initiated in Saudi Arabia by POSH in March, 2016. Makamin has rejected all the claims made by POSH, and has filed a counter lawsuit. To remind, POSH Semco in March started a legal action against […]

  • 16 May 2017

    Singapore’s offshore vessel owner POSH has yet to resolve its dispute with Makamin Offshore in Saudi Arabia. POSH last year started legal action against Makamin, seeking $6.6 million owed for vessel charters. This claim was dismissed by Makamin, who then filed a counter lawsuit. More here: https://bit.ly/23gJw6o In a new development, POSH on Monday said it […]

  • 27 March 2019
    Business & Finance

    Saudi Aramco has signed a land lease agreement with McDermott to grant it a lease to establish a fabrication facility located within the King Salman International Complex for Maritime Industries in Ras Al-Khair, Saudi Arabia.

  • 1 December 2016
    Project & Tenders

    Saudi king Salman bin Abdulaziz Al Saud has this week laid the cornerstone of the giant, multi-billion maritime complex, near Jubail in the Eastern Province of Saudi Arabia.  The complex is a commercial maritime project said to be the largest of its kind in the region in terms of service capacity, “set to make Saudi […]

  • 19 May 2015
    Business & Finance

    Japanese shipping company NYK Line refuted recent reports saying that one of the tankers operated by the company had sprung an oil leak while in Tokyo Bay. “On May 16 (Saturday) and 17 (Sunday), a few media outlets reported that crude oil had leaked from Takamine, a tanker operated by NYK Line, while the ship was […]

  • 8 January 2019
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    TechnipFMC, in consortium with MMHE (Malaysia Marine and Heavy Engineering), has signed a long-term offshore agreement with Saudi Aramco. This agreement, valid for 6 years, covers engineering, procurement, fabrication, transportation and installation of offshore facilities for the development of Saudi Aramco’s offshore projects. In support of this project, TechnipFMC will continue hiring and training Saudi […]

  • 13 October 2016
    Business & Finance

    Saudi Aramco’s department for offshore projects has awarded a long-term agreement (LTA) to National Petroleum Construction Company (NPCC) of Abu Dhabi.  The Saudi oil company said the deal was for the execution of its “world-class” offshore development program. In June 2015, four LTA contracts were awarded to international Engineering, Procurement, Fabrication and Offshore installation (EPIC) […]

  • 26 December 2018
    Business & Finance

    Malaysia Marine and Heavy Engineering Holdings Berhad and TechnipFMC have signed a long-term agreement with Saudi Aramco. In addition, MHB has secured a contract for fabrication of the Pluto water handling module for Woodside from TechnipFMC.

  • 1 June 2016
    Business & Finance

    The National Shipping Company of Saudi Arabia (Bahri) has signed a joint development agreement (JDA) with Saudi Arabian Oil Company (Saudi Aramco), Maritime Offshore Limited, a subsidiary of UAE-based oil rig constructor Lamprell, and South Korean shipbuilder Hyundai Heavy Industries on establishment of a maritime yard at Ras Al Khair in eastern Saudi Arabia. The JDA […]

  • 20 August 2013
    Business & Finance

    The National Shipping Company of Saudi Arabia Bahri announced that on August 19 2013 it entered into a Memorandum of Understanding MOU with SAUDI ARAMCO and Sembcorp Marine Ltd. A leading global marine and offshore engineering group based in Singapore Under this MOU the three parties will prepare a detailed feasibility assessment towards the development […]

  • 20 August 2013

    Singapore’s Sembcorp Marine has signed a Memorandum of Understanding (MOU) with Saudi Aramco and the National Shipping Company of Saudi Arabia (Bahri), one of the largest shipping companies in the world, with the objective of preparing a detailed feasibility assessment aimed at the development of a world-class maritime yard in the Kingdom of Saudi Arabia. […]

  • 9 May 2016

    The end of March saw a resolution reached between Kuwait and Saudi Arabia for the resumption of production from the Khafji field – located in the Arabian Gulf, Douglas Westwood writes in its Monday report. The project was shut-in by the Saudis in October 2014 due to environmental regulation breaches, March’s initial agreement was backed […]

  • 7 April 2016
    Business & Finance, Exploration & Production

    Hercules Offshore has received a notice from Saudi Aramco extending the contract for one of its jack-up drilling rigs operating in Saudi Arabia.  According to the drilling contractor, the contract for the jack-up Hercules 266 was extended until June 30, 2016. Further, the dayrate for the Hercules 266 will remain at $63,650 per day through […]

  • 2 April 2019

    McDermott International has signed a joint venture agreement with Zamil Offshore to target the Maintenance, Modifications and Operations (MMO) market in Saudi Arabia.

  • 20 August 2013

    The National Shipping Company of Saudi Arabia Bahri announces that on August 19, 2013, it entered into a Memorandum of Understanding (MOU) with SAUDI ARAMCO and Sembcorp Marine Ltd. Under this MOU, the three parties will prepare a detailed feasibility assessment towards the development of a world class Maritime Yard in the Kingdom of Saudi […]

  • 23 November 2018
    Business & Finance, Equipment, Operations & Maintenance

    TechnipFMC has broken ground on its new manufacturing, aftermarket and training facility in Dhahran in the eastern region of Saudi Arabia. The 52,500-square-meter facility greatly expands TechnipFMC’s footprint in Saudi Arabia with a major investment and 140 new jobs focusing on Saudi talents. The new facility will offer a range of manufacturing, aftermarket and training […]

  • 2 June 2015
    Business & Finance, Exploration & Production

    After Hercules Offshore yesterday said that Saudi Aramco would slash the dayrates for three Hercules Offshore’s jack-up rigs, the company’s has issued a separate statement providing more details. The Saudi Arabian oil company yesterday withdrew its previously issued contract termination for Hercules 261 jack-up rig, but in turn decided to significantly reduce the rig dayrates for Hercules […]

  • 17 May 2017
    Business & Finance

    Saudi Aramco has awarded a contract to Abu Dhabi’s National Petroleum Construction Company (NPCC) for four offshore platforms and associated subsea infrastructure for three offshore oilfields in Saudi Arabia. “These EPC contracts for Al Safaniya, Zuluf and Berri oilfields include engineering, procurement, fabrication, load-out, transportation, installation, hook-up and pre-commissioning work of four offshore platforms (SSS Wellhead […]