The Abu Dhabi National Oil Company (ADNOC), OMV, and Occidental Petroleum from the US have signed a contract over several undeveloped oil and gas fields in North-West Offshore Abu Dhabi including the Ghasha and Hail areas. According to the Austrian company, an agreement was reached for conducting a
Eco Wave Power, an Israeli wave energy player, has received several recognitions for the progress the company made in the wave energy sector. Eco Wave Power (EWP) has completed the construction and entered the testing phase of its first commercial scale power plant in Gibraltar, the company informed
Liner schedule reliability fell to its worst level in 12 months in February when the average on-time performance slipped by 7 percentage points to 62.7%, according to Drewry’s Carrier Performance Insight. The on-time average is reported to have fallen in each of the previous five months and is now a
The Explorer, a floating storage and regasification unit (FSRU), has completed an upgrade which has boosted the vessel’s sendout performance enabling it to reach a sendout capacity of 1.0 Bcf/d, what is ‘an unprecedented milestone for an FSRU’, as its owner Excelerate Energy claims. The photo shows
French container shipping major CMA CGM has upgraded its services linking the West African coast to Europe, Asia, Middle East and India as a part of the company’s new strategy in the West African region. The new MIDAS service calls at 7 West African ports from India and Middle East. An extended cove
UTEC Survey, an Acteon company, has added a new member to head up its new branch office in Abu Dhabi. Noel Cowley, working for UTEC group since 2007 in various operational and senior management positions, will head up the Abu Dhabi office as general manager. “Having participated the company’s phenom
Royal IHC recently launched two Delta Multi Craft (DMC) 1900 workboats for Huta Marine Works from the Kingdom of Saudi Arabia. The launch of the Huta 518 and Huta 519 took place at the ship lift in Sliedrecht, the Netherlands. Like all Delta Multi Craft workboats, the DMC 1900 is a compact, multi-pu
Dubai-based port operator DP World closed the 2015 financial year with a reported revenue growth of 16.3% and adjusted EBITDA increase of 21.4%, delivering a profit of USD 883 million, up 30.7% year-on-year. As explained by DP World Group’s Chairman and CEO, Sultan Ahmed Bin Sulayem, the revenue gro
National Marine Dredging Company (NMDC) and Royal IHC – the two companies specialized in dredging, mining and marine construction – have signed a contract for the construction of a new state-of-the-art Trailing Suction Hopper Dredger. The contract was signed on Wednesday, March 9 2016, at NMDC headq
Global energy-related carbon dioxide emissions (CO2), the largest source of man-made greenhouse gas emissions, stayed flat for the second year in a row as renewable energy surged, according to analysis of preliminary data for 2015 released today by the International Energy Agency (IEA). “The new fig
OneSubsea, a Cameron and Schlumberger company, has been awarded a contract from BP and partner DEA, to supply subsea production systems for the West Nile Delta Giza/Fayoum and Raven fields, offshore Egypt. OneSubsea said that Giza/Fayoum will be tied-back to modified onshore Rosetta facilities and i
Oman-based Sohar Port and Freezone’s container terminal received four new post-Panamax quay cranes, marking the port’s next stage of expansion. The cranes have an outreach to serve the latest 10,000 TEU containerships as well as 20,000 TEU future mega boxships. The new cranes arrived by sea from Sha
Dredging Today brings you an overview of the most popular stories from the past week (March 7-13). Ravestein Builds World’s Largest Backhoe for Boskalis The new backhoe dredger Magnor, currently being built for Boskalis by Ravestein, will be the largest and most efficient backhoe dredger in the wo
The three seafloor production tools (SPTs) for the deep seabed Solwara 1 project have arrived at Duqm Port in Oman, Nautilus Minerals informed on Friday. The three SPTs are scheduled to undergo wet testing at Duqm Port. The testing is one of the next major steps in the progession towards seafloor pr
