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Business & Finance

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EMAS AMC Secures Subsea Contract for Tamar Development in Mediterranean Sea (Israel)
Business & Finance

EMAS AMC Secures Subsea Contract for Tamar Development in Mediterranean Sea (Israel)

EMAS, leading integrated support and marine services provider in the offshore oil and gas (O&G) sector and operating brand for Ezra Holdings Limited (Ezra or the Group, 以斯拉控股), secures new subsea and offshore services contracts from the world’s top energy companies. The project from Noble Energy, a

about 15 years ago
Iran: Pipe Laying Works on South Pars Gas Field Phase 12 Come to Completion
Business & Finance

Iran: Pipe Laying Works on South Pars Gas Field Phase 12 Come to Completion

The project manager of the South Pars gas field phase 12 at the Pars Oil and Gas Company (POGC), Rasoul Fallahnejad, says the phase’s gas pipe laying has been completed. He went on to say that, laying operation in lines A and B respectively with 149 and 140 kilometers had been completed and the line

about 15 years ago
Qatar: Nakilat-Keppel O&M Drydock Receives its First Ship
Business & Finance

Qatar: Nakilat-Keppel O&M Drydock Receives its First Ship

N-KOM’s (Nakilat-Keppel Offshore Marine) new state-of-the-art dry dock at Ras Laffan Port has received its first ship – the RasGas’ chartered LNG Vessel, Simaisma. This historic event marks a new phase for the RasGas fleet and RasGas’ drive to ensure the security and reliability of LNG supply. RasGa

about 15 years ago
Polarcus Closes Offering of USD 125 Million of Senior Secured Convertible Bonds (U.A.E)
Business & Finance

Polarcus Closes Offering of USD 125 Million of Senior Secured Convertible Bonds (U.A.E)

Polarcus Limited announced that, due to overwhelming investor demand, the Company has decided to close the previously announced offering of USD 125 million in principal amount of Senior Secured Convertible Bonds . The Bonds to be issued by Polarcus are convertible into common shares with an annual c

about 15 years ago
UAE: Polarcus to Raise Money for New Vessel through CB Issuance
Business & Finance

UAE: Polarcus to Raise Money for New Vessel through CB Issuance

Polarcus Limited announces that the Company intends to issue USD 125 million in principal amount of Senior Secured Convertible Bonds (the “Bonds”) with a five-year tenure. The purpose of the Bonds is to finance the acquisition and completion of POLARCUS SELMA, an ultra-modern and Arctic-ready 8 stre

about 15 years ago
Polarcus Launches Bonds to Finance Completion of ‘Polarcus Selma’ 3D Seismic Vessel (U.A.E)
Business & Finance

Polarcus Launches Bonds to Finance Completion of ‘Polarcus Selma’ 3D Seismic Vessel (U.A.E)

Polarcus Limited announces that the Company intends to issue USD 125 million in principal amount of Senior Secured Convertible Bonds with a five-year tenure. The purpose of the Bonds is to finance the acquisition and completion of POLARCUS SELMA, an ultra-modern and Arctic-ready 8 streamer 3D seismi

about 15 years ago
GBI Lands Cable in Qatar to Connect New Purpose-Built Qtel Landing Station
Business & Finance

GBI Lands Cable in Qatar to Connect New Purpose-Built Qtel Landing Station

Gulf Bridge International (GBI), the Middle East’s first privately owned submarine cable operator, and Qtel, one of the region’s leading telecommunications companies, announced the landing of the GBI cable in Qatar, which will connect to the new purpose-built Qtel landing station. This is second of

about 15 years ago
UAE: MIS Receives Final Payment for Delivery of MENAdrill II Jackup Rig
Business & Finance

UAE: MIS Receives Final Payment for Delivery of MENAdrill II Jackup Rig

UAE-based MIS Group (Maritime Industrial Services ), a diversified engineering and contracting group focused on the energy sector, has received a final payment of US$ 17.1 million, following the delivery and acceptance of MENAdrill II (Hull 110) for its client MENAdrill Investment Company (MENAdrill

about 15 years ago
Polarcus Receives Letter of Award for 3D Offshore Seismic Acquisition Project (U.A.E)
Business & Finance

Polarcus Receives Letter of Award for 3D Offshore Seismic Acquisition Project (U.A.E)

Polarcus Limited announces that the Company has received a Letter of Award for a 3D offshore seismic acquisition project for an undisclosed client. The project, to be acquired by POLARCUS NAILA and subject to the execution of a service contract, will commence in Q4 2011 and is expected to run for ap

about 15 years ago
UAE: Polarcus Receives LOA for 3D Offshore Seismic Survey
Business & Finance

UAE: Polarcus Receives LOA for 3D Offshore Seismic Survey

Polarcus Limited announces that the Company has received a Letter of Award for a 3D offshore seismic acquisition project for an undisclosed client. The project, to be acquired by POLARCUS NAILA and subject to the execution of a service contract, will commence in Q4 2011 and is expected to run for ap

about 15 years ago
UAE: Lamprell in Talks with MIS Over Possible Takeover Bid
Business & Finance

UAE: Lamprell in Talks with MIS Over Possible Takeover Bid

UAE-based MIS Group , a diversified engineering and contracting group focused on the energy sector, made the following statement today: “Lamprell plc, a company quoted on the London Stock Exchange, issued the following announcement this morning: Lamprell plc – Possible Offer for Maritime Industrial

about 15 years ago
CGGVeritas Opens Processing & Imaging Center in Oman
Business & Finance

CGGVeritas Opens Processing & Imaging Center in Oman

CGGVeritas has inaugurated a new open Processing & Imaging center in Muscat, Oman at a ceremony attended by clients and a delegation from the Omani Ministry of Oil & Gas. The new center complements the company’s activity in the country and offers clients access to the latest processing and imaging t

about 15 years ago
CGGVeritas Inaugurates Processing & Imaging Center in Oman
Business & Finance

CGGVeritas Inaugurates Processing & Imaging Center in Oman

CGGVeritas has inaugurated a new open Processing & Imaging center in Muscat, Oman at a ceremony attended by clients and a delegation from the Omani Ministry of Oil & Gas. The new center complements the company’s activity in the country and offers clients access to the latest processing and imaging t

about 15 years ago
1390 Companies to Attend 16th International Oil, Gas, Refining and Petrochemical Exhibition in Tehran, Iran
Business & Finance

1390 Companies to Attend 16th International Oil, Gas, Refining and Petrochemical Exhibition in Tehran, Iran

So far participation of 40 countries at the 16th International Oil, gas, refining and petrochemical exhibition in Tehran has been made certain, Director General of the petroleum ministry’s public relations department, Mr. Porsan announced here. He said 1390 companies from Iran and other countries wi

about 15 years ago
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