Technip, in a consortium with National Petroleum Construction Company (NPCC), was awarded by Zakum Development Company (ZADCO) a lump sum engineering, procurement, fabrication, installation, commissioning and start-up contract for the Upper Zakum 750K Project in Abu Dhabi, United Arab Emirates. The
The LNG carriers MILAHA RAS LAFFAN and MILAHA QATAR recently carried out their first loading operations under their new names and new managers. The MILAHA RAS LAFFAN loaded at Ras Laffan on July 8th, 2012, while the MILAHA QATAR loaded at the same port on July 11th, 2012. At ceremonies held for each
Polarcus Limited, a UAE-based owner of hi-tech seismic fleet has announced second quarter 2012 financial results. The second quarter 2012 was characterized by improved market conditions. This was reflected in the high utilization of 89% in the quarter. Revenues increased largely due to having two mo
Polarcus Limited announces the release of its second quarter 2012 financial statements. The second quarter 2012 was characterized by improved market conditions. This was reflected in the high utilization of 89% in the quarter. Revenues increased largely due to having two more vessels in operation an
Saudi Telecom Company (STC) has organized the regular international conference for the submarine project (IMEWE). The conference, which included investor and regulation committees, took place in Riyadh, from the 16th to the 18th of July, 2012. Senior executives and representatives of corporate partn
Lamprell, a leading provider of specialist engineering services to the international oil & gas and renewables industry, made the following announcement: Following the Company’s Trading Update of 7 June, the Company has been undertaking a further review of its financial position and as a result has n
Qatar Petroleum (QP), representing the Government of the State of Qatar, signed an agreement authorizing PetroChina Investment to acquire from GDF SUEZ Exploration Qatar B.V. 40% of the exploration and production rights under its Qatar’s Block 4 Exploration and Production Sharing Agreement (EPSA). G
Lamprell, a leading provider of specialist engineering services to the international oil & gas and renewables industry, made the following announcement: Following the Company’s Trading Update of 7 June, the Company has been undertaking a further review of its financial position and as a result has n
Adira Energy Ltd. announces that Modiin Energy L.P, on behalf of the Gabriella License consortium, including Adira and Brownstone Energy, has executed a detailed drilling contract with Noble International Ltd (“Noble Drilling”). The Agreement provides for the drilling of the Gabriella License by the
Aqaba Container Terminal (ACT), the world’s gateway to Jordan and the Levant region received the 2011 Social Security Excellence Award for Occupational Health and Safety, which is the only safety award of its kind to be offered to companies in Jordan by the Social Security Corporation. This recognit
Iranian Offshore Oil Company managing director announced that the Islamic Republic of Iran is ready to cooperate with Kuwait, to jointly develop Arash field. Mahmoud Zirkchiyanzadeh said: “Iran emphasize on its positive diplomacy for development of Arash field and is ready to cooperate with Kuwait.
The International Chamber of Shipping (ICS), whose 36 member national shipowners’ associations represent all sectors and trades and more than 80% of the world merchant fleet, has called on the International Maritime Organization (IMO) to accelerate a critical study into the global availability of lo
Cargotec has recently signed an exclusive marine equipment repair agreement with the major engineering, procurement and construction contracting company, Heavy Engineering Industries & Shipbuilding Co (HEISCO). As a result, Cargotec (ARE) LLC will now station a service engineer and technician at HEI
In a milestone highlighting the intensive and full scale tests being carried out before the September 1st launch of Khalifa Port, the only semi-automated container terminal in the region, Abu Dhabi Ports Company (ADPC) and its port operator Abu Dhabi Terminals (ADT), have announced the historic arri
