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Business & Finance

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Eastern Pacific Shipping (EPS)
Business & Finance

U.S. lays the blame for drone strike on oil tanker off Oman at Iran’s door

Following a drone attack on an oil tanker off the coast of Oman, the U.S. Central Command has put the blame on Iran.

about 3 years ago
Saipem rigs get new drilling jobs worth $800 million
Business & Finance

Saipem rigs get new drilling jobs worth $800 million

Saipem has secured multiple new drilling deals in the Middle East and West Africa, which are worth approximately $800 million.

about 3 years ago
EPS Tankers
Business & Finance

Eastern Pacific Shipping’s product tanker hit by projectile off Oman

Singapore-based ship management company Eastern Pacific Shipping is investigating an incident involving its managed product tanker Pacific Zircon. “Preliminary reports indicate the vessel, carrying a cargo of gas oil, was hit by a projectile approximately 150 miles off the coast of Oman at about 15:

about 3 years ago
Sembcorp Marine finishes two platforms for giant oil project off Qatar
Business & Finance

Sembcorp Marine finishes two platforms for giant oil project off Qatar

Singapore’s Sembcorp Marine has completed the work for two offshore platforms destined for an oil field project located in Qatari waters.

about 3 years ago
Iran to boost production by drilling 35 new wells on ‘world’s largest offshore gas field’
Business & Finance

Iran to boost production by drilling 35 new wells on ‘world’s largest offshore gas field’

To ramp up and maintain gas production from a field off Iran, Pars Oil and Gas Company unveiled plans to drill 35 new wells at this field.

about 3 years ago
TotalEnergies and Eni to embark on hydrocarbon exploration in Mediterranean’s gas-rich waters
Business & Finance

TotalEnergies and Eni to embark on hydrocarbon exploration in Mediterranean’s gas-rich waters

TotalEnergies and Eni are gearing up to launch exploration activities in an offshore block located in the Lebanese waters.

about 3 years ago
Jack-up rig spuds exploration well off Oman
Business & Finance

Jack-up rig spuds exploration well off Oman

In a bid to bolster hydrocarbon production and reserves, Masirah Oil has started drilling an exploration well offshore Oman.

about 3 years ago
Prysmian wins major contract for UAE's interconnection project
Business & Finance

Prysmian wins major contract for landmark Middle East interconnection project

Prysmian Group has won a €60 million contract to lay the submarine cables for the Project Lighting interconnection project in the United Arab Emirates. Prysmian entered into a €220 million limited notice to proceed in January with Samsung C&T, as part of its EPC consortium with Jan De Nul, for the p

about 3 years ago
Al Seer Marine
Business & Finance

Al Seer Marine orders four MR tankers at K Shipbuilding

Abu Dhabi-based maritime company Al Seer Marine, a subsidiary of International Holding Company (IHC), has placed an order for the construction of four IMO II/III medium-range tankers with Korean shipbuilder K Shipbuilding. The vessels are expected to be built at Jinhae Shipyard and delivered before

about 3 years ago
Shelf Drilling lands five-year deal for another jack-up rig
Business & Finance

Shelf Drilling lands five-year deal for another jack-up rig

Shelf Drilling has been awarded a long-term contract for one of its jack-up rigs, which will carry out operations in the Arabian Gulf.

about 3 years ago
Maritime sector teams up with hydrogen leaders to scale up green hydrogen production
Business & Finance

Maritime sector teams up with hydrogen leaders to scale up green hydrogen production

Shipping organizations and initiatives across the shipping value chain, joined by the largest producers of green hydrogen, today signed on to a joint statement at COP27, committing to the rapid and ambitious production and use of low-carbon fuels based on green hydrogen to accelerate shipping’s deca

about 3 years ago
Keppel gets jobs for two more jack-up rigs
Business & Finance

Keppel gets jobs for two more jack-up rigs

Keppel Offshore & Marine has secured assignments for two additional jack-up rigs, which will be deployed in Saudi Arabia.

about 3 years ago
New action plan comes into the limelight to accelerate decarbonisation
Business & Finance

New action plan comes into the limelight to accelerate decarbonisation

With COP27 in full swing, governments have set out an action plan to scale up decarbonisation efforts, says IRENA.

about 3 years ago
Cargo
Business & Finance

Cargo owners roll out a roadmap to decarbonize ocean freight by 2040

Cargo owner-led network Cargo Owners for Zero Emissions Vessels (coZEV) has released a ‘Roadmap to 2040’, which outlines action areas cargo owners can start taking in 2023 to enable full decarbonization of their ocean freight by 2040. Reaching net-zero by 2040 has been established as a target by the

about 3 years ago
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