UAE-based Maritime Industrial Services Co. Ltd. Inc. will today sign an agreement with Mosvold Middle East Jackup Ltd (MEJU) to settle the contractual dispute that began in August 2009 and which has since then been the subject of arbitration. The effect of the agreement is as follows: • MEJU has ent
Bontan Corporation Inc. announced that it has closed its previously announced non brokered private placement financing, pursuant to which it has issued 37,750,000 Units at a price of US$0.20 per Unit to raise aggregate gross proceeds of US$7,550,000. Each Unit consists of one common share of the Com
Abu Dhabi Marine Operating Company (ADMA-OPCO) has awarded two contracts for preliminary work on the development of two untapped Gulf oilfields. The deals with the US engineering company Fluor for front-end engineering and design (FEED) work on the development of the Umm Lulu and Satah al Razboot oi
Canadian Superior Energy Inc. announces today that it has signed an Assignment and Transfer Agreement with BG Tunisia Limited and ENSCO… [mappress] Cansup, May 1, 2010;Image:kfels
Qatar Petroleum has awarded a contract to Halul Offshore Services Company for providing offshore maintenance and construction support… [mappress] gulftimes,April 28, 2010;
Several firms, including foreigners, are considering bids for the offshore license. ACC Group, headed by Chaim Lebovits… [mappress] Source: globes,April 19, 2010;
Topaz Energy and Marine yesterday said it has taken delivery of the Caspian Protector vessel to be deployed in Azerbaijan in support of a 10-year $ 225 million ( Dh826m) BP contract. SUPPLIED Caspian Protector is designed for emergency recovery and response, standby duties and fire fighting Another
Dockwise Ltd. today announces seven near-term contract wins for the transportation of four jack-up rigs, jack-up construction vessels… [mappress] Source: Dockwise,April 8,2010;
DUBAI The National Marine Dredging Company (NMDC) said yesterday it had asked for ministerial approval to increase its capital to Dh216.8 million (US$59m)… [mappress] Source: Business, March 16, 2010
Dubai World is expected to hold onto its global port terminals business despite the group labouring under massive debts. [mappress] Source: TradeWinds, February 18, 2010;
Qatar Gas Transport Company Ltd. (NAKILAT) has signed a joint venture agreement with Damen Shipyards Qatar Holding B.V., a wholly owned subsidiary of Damen Shipyards Group, to jointly operate a shipbuilding facility in the Port of Ras Laffan, Qatar. [mappress] Source: MarineLink, February 7, 2010
National Marine Dredging Company (NMDC) may be in the business of sucking up mud, but for investors the sludge might as well be gold… [mappress] Source: The Nation, January 27, 2010
DUBAI – Abu Dhabi-based National Marine Dredging Co., or NMDC, said Wednesday it made a net profit of 413.2 million U.A.E. dirhams ($112.6 million) in 2009, a 55.6% increase on the previous year… [mappress] Source: Maktoob, January 26, 2010
A Beirut developer planning an $8-billion artificial island off Lebanon says it is not worried by the debt debacle of Nakheel, the real estate developer behind Dubai’s similar man-made Palm Islands that revealed last week it needs more time to pay it debt… Source: Maktoob, December 3, 2009
