“The first quarter confirmed the strong growth we have been projecting for this year.” Charles D. Davidson, Noble Energy’s Chairman and CEO
Polarcus Limited, a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole has announced the release of its first quarter 2012 financial statements. The first quarter 2012 was characterized by a continua
Polarcus Limited announces the release of its first quarter 2012 financial statements. The first quarter 2012 was characterized by a continuation of the soft market conditions evidenced in the fourth quarter 2011. This was reflected in the low utilization of 76%. Revenues doubled over the same quart
Mermaid Maritime Public Company Limited (“Mermaid”) announces that its business unit Subtech Qatar Diving and Marine Services LLC (“Subtech”) has recently been awarded three (3) new contracts with new and existing clients. The first contract has already started and has an estimated value of USD 2.2
The largest container ship of French shipping company CMA CGM, the 365 metre long Christophe Colomb, on April 24 called at DP World’s flagship Jebel Ali Port for the first time, reinforcing the port’s role as a regional gateway for the new generation of mega liner vessels. The ship, which has a nomi
Pars Oil and Gas Company (POGC) managing director, Mousa Souri, says the company will start drilling in oil layer of South Pars gas field up to the end of current Iranian month on 20th May. Speaking to Shana, POGC’s managing director, Mousa Souri, also said that the company has gained permissions to
Shell’s first quarter 2012 earnings increased from year-ago levels, through a combination of improved operating performance, increased upstream volumes and strong oil prices.
Mermaid Maritime Public Company Limited announces that its business unit Subtech Qatar Diving and Marine Services LLC has recently been awarded three new contracts with new and existing clients. The first contract has already started and has an estimated value of USD 2.2 million. The second contract
One hundred and two incidents of piracy and armed robbery have been reported for the first quarter of 2012, with dangerously increasing numbers in West African waters, according to figures released recently in the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global p
The Counter-Piracy force of the European Union (EU NAVFOR), typically comprising 4 – 7 Surface Combat Vessels patrolling the Gulf of Aden and Horn of Africa, was joined by the French navy frigate FS Guépratte today, 25 April 2012. The 125 meter long FS Guépratte with 3600 metric tonnes displacement
National Drilling Company (“NDC”), Abu Dhabi exercises the options for Lamprell to build a further two jackup rigs in addition to the four rigs currently under construction by Lamprell for NDC. The new agreement with NDC is for the construction and delivery of two jackup rigs valued at US$ 166.65 mi
National Drilling Company, Abu Dhabi, has decided to exercise the options for Lamprell to build a further two jackup rigs in addition to the four rigs currently under construction by Lamprell for NDC. The new agreement with NDC is for the construction and delivery of two jack-up rigs valued at US$ 1
TE SubCom, a TE Connectivity Ltd. company and an industry pioneer in undersea communications technology has completed construction of the TGN-EA (Jeddah) and TGN-Gulf undersea cables for Tata Communications. TGN-EA (Jeddah) connects Saudi Arabia, Egypt and India, while TGN-Gulf links Oman, India, Un
Qatar Islamic Bank (QIB), one of the largest Islamic banks in Qatar and one of the top-five Shari’a-compliant banks in the world, has announced the signing of a deal with the Middle East Dredging Company (Medco) to finance the company’s requirements to undertake access channel dredging work at the N
