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Business & Finance

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UAE: Mina Zayed Port Receives Two More Giants of The Sea
Business & Finance

UAE: Mina Zayed Port Receives Two More Giants of The Sea

Two more giants of the sea moved into Mina Zayed this week highlighting the port’s major role in handling ships of different sizes and backgrounds. The 59,000 ton MSC Lirica, a commercial cruise liner berthed near to the USS New Orleans in the port demonstrating its capacity to accommodate to vessel

about 14 years ago
UAE: H.H. Sheikh Ahmed Receives DMC’s Commemorative Gold Anchor
Business & Finance

UAE: H.H. Sheikh Ahmed Receives DMC’s Commemorative Gold Anchor

Dubai Maritime City (DMC), the world class facility for furthering maritime business, has posted revenues worth Dhs25m in 2011 and this is expected to expand further by 15% during 2012. The Business District of the multi-purpose mixed-use facility was opened recently at a Grand Ceremony organised un

about 14 years ago
UAE: OMC Receives Region’s Largest OCV Oceanic 5000
Business & Finance

UAE: OMC Receives Region’s Largest OCV Oceanic 5000

UAE-based Oceanic Marine Contractors (OMC) has taken delivery of its state-of-the-art Oceanic 5000, which will service the offshore oil and gas construction sector. The vessel, the largest of its type in the region, is designed for worldwide operations and will focus on the installation and removal

about 14 years ago
Oceanic 5000, Region’s Largest OCV Arrives in UAE
Business & Finance

Oceanic 5000, Region’s Largest OCV Arrives in UAE

UAE-based Oceanic Marine Contractors (OMC) has taken delivery of its state-of-the-art Oceanic 5000, which will service the offshore oil and gas construction sector. The vessel, the largest of its type in the region, is designed for worldwide operations and will focus on the installation and removal

about 14 years ago
U.A.E: OMC Takes Delivery of Offshore Construction Vessel Oceanic 5000
Business & Finance

U.A.E: OMC Takes Delivery of Offshore Construction Vessel Oceanic 5000

UAE-based Oceanic Marine Contractors (OMC) has taken delivery of its state-of-the-art Oceanic 5000, which will service the offshore oil and gas construction sector. The vessel, the largest of its type in the region, is designed for worldwide operations and will focus on the installation and removal

about 14 years ago
Iran: POGC Inks Drilling Contract for South Pars
Business & Finance

Iran: POGC Inks Drilling Contract for South Pars

Pars Oil & Gas Company (POGC) signed a contract with Global Petro Tech Company on drilling two descriptive-production wells to examine output potentials of the South Pars gas field’s oil layer on January 2 2012) at Petroleum Ministry building in the presence of Iranian petroleum minister, Rostam Gha

about 14 years ago
Iran to Develop Arash Gas Field on Its Own?
Business & Finance

Iran to Develop Arash Gas Field on Its Own?

Iran decided to develop the Arash gas field on its own if Kuwait doesn’t answer to an offer to develop the field together. Iran said it would launch full-scale development of the offshore Arash gas field in the Persian Gulf if Kuwait does not respond to its offer of joint development, Fars News Agen

about 14 years ago
Iran Intends to Increase Production at Forouzan Oilfield
Business & Finance

Iran Intends to Increase Production at Forouzan Oilfield

IOOC (Iran Offshore Oil Company) plans to increase production at the Forouzan oil field by the end of the next calendar year , which is shared by 40 pct, with Saudi Arabia, managing director stated. “Some 100 kilometers seabed pipeline has been laid and related platform will be installed in the midd

about 14 years ago
Qatar: Ras Laffan Loads Record Number of LNG Tankers in 2011
Business & Finance

Qatar: Ras Laffan Loads Record Number of LNG Tankers in 2011

A record number of LNG tankers have loaded in the Year 2011 in Ras Laffan Port and on 28th December 2011, the RasGas vessel ‘Simaisma’ became the 1000th LNG (Liquefied Natural Gas) tanker to arrive in the Port. The RasGas chartered vessel built by the Korean Daewoo shipyard and delivered in 2006 is

about 14 years ago
Egypt: Fairmount Sherpa Tows Jack-up Rig Baharia I to Gulf of Suez
Business & Finance

Egypt: Fairmount Sherpa Tows Jack-up Rig Baharia I to Gulf of Suez

Tug Fairmount Sherpa has successfully towed jack-up drilling rig Baharia I to her new position in the Zeit Bay oil field in the Gulf of Suez. The Fairmount Sherpa is one of five supertugs owned by Rotterdam based Fairmount Marine. The rig move for Egyptian oil company Zeitco came just after deliveri

about 14 years ago
Fairmount Sherpa Tows Baharia I Rig to New Location in Gulf of Suez, Egypt
Business & Finance

Fairmount Sherpa Tows Baharia I Rig to New Location in Gulf of Suez, Egypt

Tug Fairmount Sherpa has successfully towed jack-up drilling rig Baharia I to her new position in the Zeit Bay oil field in the Gulf of Suez. The Fairmount Sherpa is one of five supertugs owned by Rotterdam based Fairmount Marine. The rig move for Egyptian oil company Zeitco came just after deliveri

about 14 years ago
UAE: Lamprell Sells Jack-up Rig to PEMSA
Business & Finance

UAE: Lamprell Sells Jack-up Rig to PEMSA

Lamprell , a provider of specialist engineering services to the international offshore and onshore oil & gas industry,has received a contract award from Compañía Perforadora Mexico S.A.P.I. DE C.V. (“PEMSA”), a subsidiary of Grupo Mexico, for the construction and delivery of Hull 108, a completely o

about 14 years ago
Iran: IOOC, Energy Sepher Sign Deal for Lavan Field Development Plan
Business & Finance

Iran: IOOC, Energy Sepher Sign Deal for Lavan Field Development Plan

NIOC announced in a press release that the Development contract of Lavan gas field was signed between Iranian Offshore Oil Company (IOOC) and Energy Sepehr Co. today (27 December 2011) in presence of the Iranian minister of Petroleum, Rostam Ghasemi, and managing director of National Iranian Oil Com

about 15 years ago
Tamares Telecom Installs Third Undersea Cable Between Israel and Cyprus
Business & Finance

Tamares Telecom Installs Third Undersea Cable Between Israel and Cyprus

Tamares Telecom Ltd. is installing a third undersea cable connecting Israel and Cyprus. An additional undersea cable that will connect Israel with the world, should significantly improve competition and the telecoms market. With the third undersea cable, if the earnings mainly stay with the communic

about 15 years ago
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