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Business & Finance

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Israel: Noble Energy Sells Tamar Gas to IEC in USD 18 bln Deal
Business & Finance

Israel: Noble Energy Sells Tamar Gas to IEC in USD 18 bln Deal

Under the 15-year agreement, IEC is expected to purchase approximately 2.7 trillion cubic feet (Tcf) of natural gas as fuel to provide electricity to the state of Israel and retains, under certain conditions, an option to expand the agreement quantity to approximately 3.5 Tcf.

about 14 years ago
Qatar: Halul Offshore Secures Funds for Fleet Expansion
Business & Finance

Qatar: Halul Offshore Secures Funds for Fleet Expansion

Halul Offshore Services Company, a wholly owned subsidiary of Milaha (previously known as Qatar Navigation), has secured an eight year US$ 60 million (equivalent to QAR 220 million) ship financing facility with Sumitomo Mitsui Banking Corporation (SMBC). Proceeds from the facility will be utilized b

about 14 years ago
Qatar: Halul Offshore Secures USD 60 Million for Fleet Expansion
Business & Finance

Qatar: Halul Offshore Secures USD 60 Million for Fleet Expansion

Halul Offshore Services Company, a wholly owned subsidiary of Milaha (previously known as Qatar Navigation), has secured an eight year US$ 60 million (equivalent to QAR 220 million) ship financing facility with Sumitomo Mitsui Banking Corporation (SMBC). Proceeds from the facility will be utilized b

about 14 years ago
Qatar: Halul Offshore Secures Cash for Fleet Expansion
Business & Finance

Qatar: Halul Offshore Secures Cash for Fleet Expansion

Halul Offshore’s expansion strategy aims at improving the technical capabilities of its fleet and also expanding the fleet size to selectively expand its geographical presence

about 14 years ago
Israel: INGL Purchases Hydratight’s Morgrip Connectors
Business & Finance

Israel: INGL Purchases Hydratight’s Morgrip Connectors

Hydratight’s experience and quality has won the company a major MORGRIP connector contract with government-run Israel Natural Gas Lines in Tel Aviv. In 2005, Hydratight was hired to help repair a subsea 30in main gas pipe which supplies the fuel to provide 25 per cent of the country’s electrical pow

about 14 years ago
USA: Anadarko Allocates USD 6.9 Bln for 2012 Investments
Business & Finance

USA: Anadarko Allocates USD 6.9 Bln for 2012 Investments

Anadarko Petroleum Corporation today announced its 2012 capital program and guidance, and the highlights of its Investor Conference to be held on March 13, 2012. “Anadarko is off to a great start in 2012 as it continues to build upon the strong operational results of 2011, while positioning the comp

about 14 years ago
UAE: Dubai Maritime City Inks Land Lease Agreement with Dubai Shipbuilding
Business & Finance

UAE: Dubai Maritime City Inks Land Lease Agreement with Dubai Shipbuilding

Dubai Maritime City, the world class centre for maritime activity in the Middle East region, announced today that it has signed a Land Lease (Mustaha) agreement for 25 years with ship repair and building entity, Dubai Shipbuilding. The Agreement was signed by Sheikh Juma bin Thani bin Juma Al Maktou

about 14 years ago
Dubai Shipbuilding Leases Land in Dubai Maritime City
Business & Finance

Dubai Shipbuilding Leases Land in Dubai Maritime City

Dubai Maritime City, the world class centre for maritime activity in the Middle East region, announced today that it has signed a Land Lease (Mustaha) agreement for 25 years with ship repair and building entity, Dubai Shipbuilding. The Agreement was signed by Sheikh Juma bin Thani bin Juma Al Maktou

about 14 years ago
Kingdom of Bahrain Hosts World Maritime Day Parallel Event 2012
Business & Finance

Kingdom of Bahrain Hosts World Maritime Day Parallel Event 2012

The General Organisation of Sea Ports (GOP) announced that the Kingdom of Bahrain has been selected as the venue for the World Maritime Day Parallel Event 2012 by the International Maritime Organisation (IMO) Council. This high-profile event will focus on maritime-themed activities based on the 2012

about 14 years ago
Iraq: Leighton Delivers First Oil from ICOEEP Phase 1
Business & Finance

Iraq: Leighton Delivers First Oil from ICOEEP Phase 1

Leighton Offshore announced that following the successful hydrostatic testing of the onshore and offshore pipeline systems and subsequent final commissioning of the offshore export facility, crude oil was now flowing to a single point mooring (SPM) installed under the $799m Iraq Crude Oil Export Exp

about 14 years ago
UAE: DMCA Takes Part in Dubai International Boat Show 2012
Business & Finance

UAE: DMCA Takes Part in Dubai International Boat Show 2012

Dubai Maritime City Authority (DMCA), the government entity in-charge of regulating and supervising all aspects of the maritime sector in Dubai, has completed extensive preparations for its participation at the Dubai International Boat Show 2012, to be held at the Dubai International Marine Club, Mi

about 14 years ago
First Tanker at Crude Oil Export Facility in Iraq
Business & Finance

First Tanker at Crude Oil Export Facility in Iraq

Leighton Offshore has announced that following the successful hydrostatic testing of the onshore and offshore pipeline systems and subsequent final commissioning of the offshore export facility, crude oil was now flowing to a single point mooring (SPM) installed under the $799m Iraq Crude Oil Export

about 14 years ago
Seadrill Secures Contract for Jack-Up Rig West Callisto Offshore Saudi Arabia
Business & Finance

Seadrill Secures Contract for Jack-Up Rig West Callisto Offshore Saudi Arabia

Seadrill has signed a contract with Saudi Aramco for employment of the jack-up rig West Callisto offshore Saudi Arabia. The contract duration is a minimum of three years plus an option for a one year extension. The potential revenue for the three year period is approximately US$164 million plus a US

about 14 years ago
Leighton: Oil Flows to SPM Offshore Iraq
Business & Finance

Leighton: Oil Flows to SPM Offshore Iraq

Leighton Offshore recently announced that following the successful hydrostatic testing of the onshore and offshore pipeline systems and subsequent final commissioning of the offshore export facility, crude oil was now flowing to a single point mooring (SPM) installed under the $799m Iraq Crude Oil E

about 14 years ago
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