Eco Wave Power, an advanced and innovative international wave power developer based in Israel, introduced its plans to raise $5 million by the year end for the development of ocean energy. As Bloomberg reports, the Company is seeking investors outside Israel and it is also in talks with several ener
Noble Energy (NBL) has executed a non-binding Letter of Intent (LOI) to supply natural gas from the Leviathan field, offshore Israel, to the National Electric Power Company Ltd. (NEPCO) of Jordan. Under terms of the LOI, Noble Energy and the Leviathan partners will supply a base gross quantity of 1.
Noble Energy, Inc. today announced the execution of a non-binding Letter of Intent (LOI) to supply natural gas from the Leviathan field, offshore Israel, to the National Electric Power Company Ltd. (NEPCO) of Jordan. Under terms of the LOI, Noble Energy and the Leviathan partners will supply a base
Abu Dhabi Terminals (ADT) has announced that Khalifa Port ranked fifth in Journal of Commerce’s 2013 Europe Middle East and Africa Port Productivity list. The Journal of Commerce, an independent research firm that focuses on global trade topics, measured the number of container moves per-vessel, per
A global decline in performance of shipping lines has been recorded in July for the first time since February, according to SeaIntel’s latest Global Liner Performance report. The drop amounts to almost four percentage points from 75.6% in June to 71.6%, the report shows. Shipping giants Maersk Line,
United Arab Emirates-based classification society Tasneef has signed a contract with Drydocks World to provide the classification and maritime surveying services to the Drydocks World’s fleet comprised of 11 ships. Three ships have already been surveyed (Shindagha-5, Umm Suqeem and Zabeel-4). As for
BP today started its 2015 Future Leaders Programme (FLP), a recruitment campaign which aims to fast-track early career recruits to be the business leaders of the future. The FLP is a highly selective global recruitment and development programme, run by BP for candidates around the world to work in i
Coolest PSV in Norway, Rig order cancellation, Gloomy future for drillers, Helicopter lands on wrong rig, Can you count to 40 billion?
Royal IHC Starts Building EasydredgeTM 2700 for Stock Royal IHC is constructing the first vessel in its range of competitively priced standard trailing suction hopper dredgers (TSHD). It has started to build the Easydredge™ 2700 for stock in response to the increasing global demand for TSHDs with an
ABS, a provider of classification services to the global offshore industry, was selected by Nakilat-Keppel Offshore & Marine (N-KOM) to class the first self-elevating unit ever to be built in Qatar. The project also will be the first offshore newbuild project undertaken by the ASME and API accredite
Despite weak freight rates so far this year, dry bulk shipping earnings are forecast to recover as demand for both major and minor bulk commodities rises, according to the Dry Bulk Forecaster report published by shipping consultancy Drewry. Freight rates have been depressed due to a continuing overs
Lloyd’s Register has issued a report entitled Seaborne Ethane: a Report into the Commercial Need and Technical Requirements for Very Large Ethane Carriers that looks at the commercial landscape, regulatory issues and technical realities of a new trade in ethane emerging as a result of increased US g
Global marine terminal operator DP World has recorded strong financial results from its global portfolio of marine terminals for the six months to 30 June 2014, delivering profit attributable to owners of the company before separately disclosed items of $332 million, 40.8% ahead of the first half of
The cyclical downturn in the offshore oil and gas-drilling market may provide an opportunity for drillers with financial flexibility to buy high-yield peers at favorable prices, rating agency Fitch Ratings said. In this environment, master limited partnerships (MLPs) may provide additional financial
