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Business & Finance

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UAE: GMMOS Group Announces Rebranding as Stanford Marine Group
Business & Finance

UAE: GMMOS Group Announces Rebranding as Stanford Marine Group

UAE-based GMMOS Group announces it has rebranded to Stanford Marine Group (SMG) in order to better reflect its focus on chartering, operation, building, and maintenance of Offshore Supply Vessels (OSVs). The Group has two main divisions focused on the marine sector: Stanford Marine (OSV chartering)

about 15 years ago
UAE: GMMOS Group Rebrands to Stanford Marine Group
Business & Finance

UAE: GMMOS Group Rebrands to Stanford Marine Group

UAE-based GMMOS Group announces it has rebranded to Stanford Marine Group (SMG) in order to better reflect its focus on chartering, operation, building, and maintenance of Offshore Supply Vessels (OSVs). The Group has two main divisions focused on the marine sector: Stanford Marine (OSV chartering)

about 15 years ago
Saudi Arabia: Eni Pays Insituform USD 48.4 Million for Offshore Robotic Coating Project
Business & Finance

Saudi Arabia: Eni Pays Insituform USD 48.4 Million for Offshore Robotic Coating Project

Insituform Technologies, Inc. announced that its subsidiary, CRTS, Inc., has been awarded a $48.4 million contract from Snamprogetti Saudi Arabia Ltd., a subsidiary of Eni S.p.A., to provide robotic coating of internal field joints for Saudi Aramco offshore pipelines that will transport natural gas

about 15 years ago
Saudi Arabia: Insituform to Provide Robotic Coating for Saudi Aramco Offshore Pipelines
Business & Finance

Saudi Arabia: Insituform to Provide Robotic Coating for Saudi Aramco Offshore Pipelines

Insituform Technologies, Inc. announced today that its subsidiary, CRTS, Inc., has been awarded a $48.4 million contract from Snamprogetti Saudi Arabia Ltd., a subsidiary of Eni S.p.A., to provide robotic coating of internal field joints for Saudi Aramco offshore pipelines that will transport natura

about 15 years ago
Israel: Bezeq International Lays Underwater Internet Cable to Italy
Business & Finance

Israel: Bezeq International Lays Underwater Internet Cable to Italy

Internet provider Bezeq International has completed installation of the first segment of an underwater cable that is planned to reach all… (IsraelNationalNews.com) [mappress] Source: IsraelNationalNews.com, July 07, 2011;

about 15 years ago
UAE: DNO Enters Merger Agreement with RAK Petroleum
Business & Finance

UAE: DNO Enters Merger Agreement with RAK Petroleum

RAK Petroleum Public Company Limited, (RAK Petroleum), the oil and gas exploration and production company, and Norway’s DNO International ASA (DNO) and have signed a heads of agreement to merge RAK Petroleum’s Middle East and North Africa (MENA) operating subsidiaries into DNO in exchange for DNO sh

about 15 years ago
UAE: BW Athena Vessel Ready for New Power Generation Module
Business & Finance

UAE: BW Athena Vessel Ready for New Power Generation Module

Ithaca announces that the engineering and modifications associated with the dry dock works in Dubai to extend the Floating Production Storage and Offloading vessel, ‘BW Athena’ by 65 feet and install a turret docking system have been completed. The vessel has now been re-floated ready for installati

about 15 years ago
UAE: DMCA Facilitates Successful Rescue of Troubled Crew Members of Stranded Oil Tankers
Business & Finance

UAE: DMCA Facilitates Successful Rescue of Troubled Crew Members of Stranded Oil Tankers

Dubai Maritime City Authority (DMCA), the maritime government entity charged with regulating, coordinating and supervising the maritime sector in Dubai, has announced that it has successfully facilitated the safe repatriation of crew members of one of the non-operational Korean oil tankers stranded

about 15 years ago
UAE: BW Athena Vessel Ready for New Power Generation Module
Business & Finance

UAE: BW Athena Vessel Ready for New Power Generation Module

Ithaca announces that the engineering and modifications associated with the dry dock works in Dubai to extend the Floating Production Storage and Offloading vessel, ‘BW Athena’ by 65 feet and install a turret docking system have been completed. The vessel has now been re-floated ready for installati

about 15 years ago
Saudi Arabia: Giant Container Ship Makes Maiden Call at Red Sea Gateway Terminal
Business & Finance

Saudi Arabia: Giant Container Ship Makes Maiden Call at Red Sea Gateway Terminal

Newly opened Red Sea Gateway Terminal (RSGT), Jeddah Islamic Port’s flagship terminal, received the world’s largest containership vessel CSCL Star on its first Red Sea call on Tuesday (21st June 2011). With a declared capacity of 14,100 TEU, the CSCL STAR is one of the world’s largest container ship

about 15 years ago
Qatar: GDI Acquires ENSCO-95 Jack-Up Rig
Business & Finance

Qatar: GDI Acquires ENSCO-95 Jack-Up Rig

Gulf Drilling International, Ltd (Q.S.C.) (“GDI”) announced that it has purchased from ENSCO Offshore International Company (“Ensco”) the jack-up drilling rig known as “ENSCO-95” on 22nd June. The rig is a 3 legged Hitachi cantilevered drilling rig rated for 250 feet of water depth. GDI are most sat

about 15 years ago
Oman: Port of Salalah Receives New Bulk Handling Equipment to Improve Efficiency
Business & Finance

Oman: Port of Salalah Receives New Bulk Handling Equipment to Improve Efficiency

Port of Salalah General Cargo Terminal (GCT) has received new bulk handling equipment to improve efficiency. The equipment, comprising of three heavy duty Wire Rope Grabs were offloaded this morning at the port. The equipment is part of the ports investment in the expansion of its general cargo oper

about 15 years ago
Saudi Arabia: NSCSA Signs Murabaha Financing Agreement to Build General Cargo Ships
Business & Finance

Saudi Arabia: NSCSA Signs Murabaha Financing Agreement to Build General Cargo Ships

The National Shipping Company of Saudi Arabia signed a murabaha financing agreement with the Saudi British Bank (SABB) and the National Commercial Bank for Saudi Riyals 822.6 millions(approx USD 219.3 million). The proceed will be utilized to finance 80% of the cost of constructing two (2) general c

about 15 years ago
DP World to Sponsor Emirati Trainees under Majid Bin Mohammed UAE Nationals Initiative
Business & Finance

DP World to Sponsor Emirati Trainees under Majid Bin Mohammed UAE Nationals Initiative

As part of its commitment to support professional skills among young Emiratis, DP World, UAE Region recently signed a Memorandum of Understanding (MoU) with The Private Office of HH Sheikh Majid Bin Mohammed Bin Rashid Al Maktoum. Under the MoU, DP World, UAE Region will sponsor high school and coll

about 15 years ago
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