Noble Energy has received approval from the Petroleum Commissioner in the Ministry of National Infrastructure, Energy and Water Resources for the development of the Leviathan project offshore Israel. The approved plan of development (POD) contemplates a subsea system that connects production wells t
Abu Dhabi National Energy Company PJSC (Taqa), has appointed Saeed Hamad Al Dhaheri as acting chief operating officer (COO). Al Dhaheri joined Taqa in 2014 as Executive Vice-President Business Support. According to the oil company, during the past two years, he led a global restructuring project tha
In light of the upcoming SOLAS container weight verification requirement and concerns over the transition to the new rules, the International Maritime Organization (IMO) has agreed to a practical and pragmatic approach for the three months after July 1, according to maritime safety authority Maritim
AccessESP, a provider of rigless electric submersible pump (ESP) conveyance solutions for the oil industry, has appointed Anwar Assal as Middle East and North Africa region manager. Based in Dubai, Assal will be responsible for developing and enhancing new and existing AccessESP relationships across
Major shipbuilding nations will be put to the test during 2016, as the shipbuilding industry enters one of the toughest years in recent history, according to IHS Maritime & Trade. Competition between shipbuilding nations is expected to intensify as a consequence of diversification in other sectors.
The International Association of Dredging Companies (IADC) has just released the latest issue of Terra et Aqua, their official quarterly publication. The magazine is supported solely by the IADC as a service to the world-wide dredging community and represents IADC’s commitment to the highest standar
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 establishmen
Lamprell, a provider of fabrication, engineering and contracting services to the energy industry, has signed a Joint Development Agreement (JDA) for establishing a maritime yard, at Ras Al Khair in eastern Saudi Arabia. The maritime complex will provide engineering, manufacturing and repair services
Iran plans to launch a regular shipping line to Japan in the next few weeks, Managing Director of the Islamic Republic of Iran Shipping Lines (IRISL), Mohammad Saeidi said at a ceremony in Tehran on Monday, Tasnim News Agency reports. According to Saeidi, during the sanction era, there was only one
Eco Wave Power (EWP), an Israeli wave energy developer, has held a ribbon-cutting ceremony last week marking the start of operation of the wave energy plant in Gibraltar.
Partners developing the Leviathan gas field offshore Israel, have signed a deal to sell $3 billion worth of gas from the field to Israels’ IPM. According to Israeli media, the deal was revealed during the weekend and entails the partners in the field will supply gas to IPM over the period of 18 year
Dubai-headquartered port and terminal operator DP World has raised USD 1.2 billion in a new 7-year sukuk set to be listed on the Middle East’s international financial exchange NASDAQ Dubai. The issue received strong investor interest and was 2x oversubscribed receiving more than USD 2 billion in bid
Interview: Ship Value in Almost All Sectors Close to Historical Lows In May 2011, the mapping, ship search and valuation provider, VesselsValue launched its business operation, introducing a new approach to vessel valuation coined the quantitative analysis… Read More European Shipyards Overtake Asia
Following a scrapping spree witnessed in the first quarter of the year, the Baltic Dry Index’s (BDI) positive effect on capacity being removed from the fleet did not continue into the second quarter of 2016, as capesize demolition came to a halt, according to BIMCO. The BDI went from “devastating” i
