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Business & Finance

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Mermaid bags three-year extension in Middle East
Business & Finance

Mermaid bags three-year extension in Middle East

Mermaid Maritime’s joint-venture company with an unnamed offshore services operator has secured a three-year contract extension with a national upstream oil and gas company in the Middle East.

about 7 years ago
Mermaid Wins Middle East Contract Extension
Business & Finance

Mermaid Wins Middle East Contract Extension

Mermaid’s joint-venture company in Middle East has secured a three-year contract extension for offshore inspection, repair and maintenance services with an oil and gas national company. The extension is in direct continuation to its initial seven-year contract period, whereby Mermaid will continue t

about 7 years ago
Milaha’s Profit, Revenues Rise in First Nine Months of 2019
Business & Finance

Milaha’s Profit, Revenues Rise in First Nine Months of 2019

Net profit reached QAR 419 million, up by 5%, while operating revenues increased to QAR 1.83 billion.

about 7 years ago
Valaris secures batch of new contracts for rig fleet
Business & Finance

Valaris secures batch of new contracts for rig fleet

Valaris, formerly known as EnscoRowan, has been awarded new contracts and extensions with BP, Murphy Oil, Premier Oil, SapuraOMV, and Saudi Aramco.

about 7 years ago
Readers’ Picks of the Week (October 21 – 24, 2019)
Business & Finance

Readers’ Picks of the Week (October 21 – 24, 2019)

Here are the most popular news from last week.

about 7 years ago
Highlights of the Week
Business & Finance

Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (October 21 – October 28). https://subseaworldnews.com/2019/10/21/mcdermott-secures-1-7b-funding/ https://subseaworldnews.com/2019/10/21/neptune-shareholders-approve-acquisition-by-mma-offshore/ https:

about 7 years ago
ICTSI Builds Umm Qasr Deep-Water Capacity
Business & Finance

ICTSI Builds Umm Qasr Deep-Water Capacity

International Container Terminal Services Inc. (ICTSI) has formally inaugurated two new berths which for the first time offer the port of Umm Qasr, Iraq’s main dry cargo port, the ability to handle container vessels of up to 14,000TEU. The inauguration ceremony marked both the opening for business o

about 7 years ago
Rising Operating Vessel Costs Push GulfNav Deeper into Loss
Business & Finance

Rising Operating Vessel Costs Push GulfNav Deeper into Loss

Gulf Navigation Holding closed the third quarter of this year with a widened net loss.

about 7 years ago
Iraq’s Umm Qasr Port Ready for Bigger Boxships
Business & Finance

Iraq’s Umm Qasr Port Ready for Bigger Boxships

Iraq’s port of Umm Qasr can now welcome ships of up to 14,000 TEUs following the inauguration of two new berths.

about 7 years ago
Total adds another year to Vantage jack-up deal
Business & Finance

Total adds another year to Vantage jack-up deal

French oil company Total has exercised a one-year option on the existing contract for the Vantage Drilling-owned jack-up rig Emerald Driller in Qatar.

about 7 years ago
GMS vessel hired to support offshore activities in Middle East
Business & Finance

GMS vessel hired to support offshore activities in Middle East

Gulf Marine Services has been awarded a 6.5-month contract, firm period plus options to extend, for a K-Class (Small) vessel.

about 7 years ago
DP World’s Gross Box Volumes Drop Slightly in Q3
Business & Finance

DP World’s Gross Box Volumes Drop Slightly in Q3

DP World wrapped up the third quarter of this year with a slight drop in gross container throughput.

about 7 years ago
Qatar Petroleum Brings VLSFO to Ras Laffan Port
Business & Finance

Qatar Petroleum Brings VLSFO to Ras Laffan Port

The VLSFO marine fuel offering has been initiated ahead of IMO’s upcoming 2020 sulphur cap.

about 7 years ago
Damaged Iranian Tanker to Undergo Repairs in Bandar Abbas
Business & Finance

Damaged Iranian Tanker to Undergo Repairs in Bandar Abbas

The tanker whose hull was damaged in a missile attack off Saudi Arabia will be repaired in Bandar Abbas.

about 7 years ago
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