Following an inauguration of the construction of a huge maritime services complex in Saudi Arabia earlier this year, four companies have now teamed up to build an offshore services section there. In a statement on Wednesday, offshore rig builder Lamprell said it had entered into a joint venture (JVC
UAE-based offshore vessel operator Jawar Al Khaleej Shipping LLC (JAK) has taken delivery of a Damen Fast Crew Supplier (FCS) 5009 and an ASD 3213 tug. The company will use the vessels for operations at the Al Basra (ABOT) and Khor Al Amaya (KAAOT ) oil terminals. Between them, these facilities hand
Mermaid Maritime has recently been awarded subsea contracts in South East Asia and Middle East with a combined total value of $26 million. The subsea and offshore drilling services provider said on Tuesday that the contracts involve three DP2 dive support vessels (DSVs). The highlighted package of w
Following reports on Monday that Greece’s Energean has found buyers for gas from its fields offshore Israel, this has now been officially confirmed. In an emailed statement, Energean Oil & Gas has confirmed its subsidiary Energean Israel has signed with Dalia Power Energies and its sister company –
French shipbuilder Piriou has delivered a fast personnel and supply vessel (FPSV) to Jana Marine, a Saudi Arabian provider of integrated marine services to the offshore o&g industry. Piriou said on Tuesday that the FPSV named Jana 17 was built in Vietnam and would operate in the Arabian Gulf. Vincen
Greece’s oil and gas company Energean has reportedly signed gas sale deals for its Karish and Tanin gas field offshore Israel. According to a statement cited by Reuters and Bloomberg, Energean will supply 23 bcm of natural gas to Israeli power stations operated by Dalia Power and Or Power. Offshore
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Italian oil giant Eni and Oman Oil Company S.A.O.C. (OOC) have finalized a memorandum of understanding (MoU) to explore oil and gas cooperation opportunities in the Middle Eastern country. Eni said on Thursday that the deal was signed in Milan by Isam bin Saud Al Zadjali, CEO of OOC, and Claudio Des
By Rania El Gamal, Ernest Scheyder and Alex Lawler VIENNA (Reuters) – OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three ye
OPEC and several non-OPEC members are meeting on Thursday in Vienna to discuss further strategy on oil production. To remind, 13 OPEC members and 11 Non-Opec members (most notably Russia) in December last year agreed to cut oil output by 1.8 million barrels a day in order to stabilize oil prices. Th
Singapore’s Vallianz Holdings, a provider of offshore support vessels and integrated marine solutions, recorded a net loss during FY2017 due to impairment charges. Vallianz on Monday reported its financial results for the 15 months ended March 31, 2017 (FY2017). The company’s financial year-end has
Singapore’s vessel operator Pacific Radiance has entered into a joint venture agreement with Allianz Offshore Middle East, forming a new company which will be involved in offshore vessel operations. The agreement between Pacific Radiance’s subsidiary, Crest Offshore Marine, and Allianz, a company in
Oil giant Saudi Aramco has signed memorandums of understanding (MOUs) with oilfield service provider Schlumberger and EPCI company McDermott during the first Saudi-U.S. CEO Forum in Riyadh. The inaugural Saudi-U.S. CEO Forum, attended by the U.S. President Donald Trump and held over the weekend, bro
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