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Business & Finance

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SubseaOperations & MaintenanceFossil EnergyShipbuildingEquipmentGreen Marine
Israel and Cyprus Commence Submarine Cable Feasibility Study
Business & Finance

Israel and Cyprus Commence Submarine Cable Feasibility Study

Israel and Cyprus started a feasibility study for the construction of a submarine cable between the two nations, Reuters reported. The Israel-Cyprus branch would eventually be part of a much longer cable continuing to Greece and from there to the pan-European electricity power grid. If authorized, t

about 14 years ago
Polarcus Gets LOI for 3D Seismic Offshore West Africa
Business & Finance

Polarcus Gets LOI for 3D Seismic Offshore West Africa

UAE-based Polarcus Limited has received a Letter of Intent from an undisclosed client for a 3D seismic acquisition project offshore West Africa. The project will commence in April and is expected to run for approximately 4 months. The company did not disclose the value of the contract. Polarcus, hea

about 14 years ago
Egypt: Zeitco’s Well Successful
Business & Finance

Egypt: Zeitco’s Well Successful

Dana Petroleum plc announces that Zeitco, its joint venture with the Egyptian General Petroleum Company (EGPC), has successfully completed its first well of 2012, A12Z on the East Zeit field ,located in the Red Sea. The well was drilled with the new-build Sino Tharwa jack-up rig Bahari 1 (Friede & G

about 14 years ago
AMEC to Provide PMC Services for ADMA OPCO’s Projects Offshore Abu Dhabi
Business & Finance

AMEC to Provide PMC Services for ADMA OPCO’s Projects Offshore Abu Dhabi

AMEC, the international engineering and project management company, has been awarded a Project Management Consultancy (PMC) services contract by Abu Dhabi Marine Operating Company (ADMA OPCO) for the ‘execute phase’ of the Nasr Phase-1 and Umm Lulu Phase-1 field development projects offshore Abu Dha

about 14 years ago
FPSO BW Athena Leaves Dubai, UAE
Business & Finance

FPSO BW Athena Leaves Dubai, UAE

Ithaca Energy Inc. revealed that the ‘BW Athena’ Floating Production, Storage and Offloading Vessel (“FPSO”) has departed Dubai Dry Docks World to be met by a dedicated guard vessel. All FPSO production critical equipment was run and fully tested prior to vessel departure thus minimizing the period

about 14 years ago
SOCAR Starts 3D Seismic Survey Offshore Azerbaijan
Business & Finance

SOCAR Starts 3D Seismic Survey Offshore Azerbaijan

The State Oil Company of Azerbaijan (SOCAR) has started the 3D seismic data acquisition over two offshore blocks, Umid and Babak. The geophysical survey started on 27 February and is being conducted by Caspian Geophysical from its vessel named Gilavar. According to the company, these exploration act

about 14 years ago
U.A.E: Unique Maritime Group Delivers Echoscope 3D Sonars to DI-MEDCO
Business & Finance

U.A.E: Unique Maritime Group Delivers Echoscope 3D Sonars to DI-MEDCO

Unique Maritime Group, one of the world’s leading integrated turnkey subsea and offshore solution providers announce that they have recently delivered two Echoscope 3D Sonars to DI-MEDCO, a joint venture between Dredging International and Middle East Dredging Company for the planned shore protection

about 14 years ago
UAE: Atlantic Maritime Group Takes Delivery of First RAmpage 4500 Class Tug
Business & Finance

UAE: Atlantic Maritime Group Takes Delivery of First RAmpage 4500 Class Tug

Atlantic Maritime Group (Sharjah, UAE) has recently taken delivery of RAmpage 4500 class design Offshore Support tug AOS Power. Designed by Robert Allan Ltd. of Vancouver, Canada and built by GMG Shipbuilding & Heavy Industry Co. Ltd., China, AOS Power is the very first of the 45m RAmpage 4500 class

about 14 years ago
Hyundai Mipo Bags Order for Four Chemical Tankers from Kuwait
Business & Finance

Hyundai Mipo Bags Order for Four Chemical Tankers from Kuwait

Hyundai Mipo Dockyard, a subsidiary of Hyundai Heavy Industries, has acquired a $250 million order to construct four chemical tankers for Kuwait, reports France 24. The contract was signed on Tuesday in Kuwait under which it was stated that Hyundai Mipo will deliver the four tankers to the state-run

about 14 years ago
UAE: Khalifa Port Receives Post Panamax STS Container Cranes
Business & Finance

UAE: Khalifa Port Receives Post Panamax STS Container Cranes

Abu Dhabi Ports Company (ADPC) has announced the arrival of the first batch of Super Post Panamax ‘Ship to Shore’ (STS) container cranes at Khalifa Port. This marks a significant milestone for Khalifa Port as it readies for Phase 1 completion at the same time as the opening of Khalifa Industrial Zon

about 14 years ago
Drydocks World Successful at Offshore Arabia 2012
Business & Finance

Drydocks World Successful at Offshore Arabia 2012

Drydocks World had a successful participation in the Offshore Arabia Conference and Exhibition, organised at the Dubai International Exhibition Centre from 27 – 29 February 2012. This year’s participation formed part of the company’s well-articulated strategy of increasing its influence in the oil,

about 14 years ago
Fairmount Summit Tows Drilling Rig ODN Delba III from Oman to Brazil
Business & Finance

Fairmount Summit Tows Drilling Rig ODN Delba III from Oman to Brazil

Tug Fairmount Summit has delivered the new build drilling rig ODN Delba III safely from the Persian Gulf to a location offshore Rio de Janeiro, Brazil. The total voyage over a distance of 10,625 miles was performed with an average speed of 6.0 knots. ODN Delba III is a semi submersible drilling rig

about 14 years ago
U.A.E: Unique Maritime Group Introduces Light Weight Taut Wire MK 15 B
Business & Finance

U.A.E: Unique Maritime Group Introduces Light Weight Taut Wire MK 15 B

Unique Maritime Group, one of the world’s leading integrated turnkey subsea and offshore solution providers, announced today the introduction of the Light Weight Taut Wire MK 15 B to their rental pool inventory. The Light Weight Taut Wire Mk 15B is a position-reference system used extensively with D

about 14 years ago
UAE’s Dragon Oil No Longer Interested in Bowleven
Business & Finance

UAE’s Dragon Oil No Longer Interested in Bowleven

Dubai based Dragon Oil, an independent oil and gas exploration, development and production company with producing assets offshore Turkmenistan, today announced it was no longer interested in Bowleven takeover. Two weeks ago, Dragon Oil released a statement which said that the company was exploring o

about 14 years ago
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