Read the most popular news of the week.
E-marine, a provider of submarine cable solutions in the Middle East, has officially launched its newest cable-laying vessel in Dubai on Thursday. The vessel, named CS Maram, constructed in Abu Dhabi, is the fifth vessel to be added to E-Marine’s cable laying fleet. CS Maram can handle the installat
U.S. energy company Noble Energy and its Israeli partner Delek, have reportedly reached an agreement with the Israeli government, which should pave the way towards the development of the giant Leviathan gas field, offshore Israel. One point in the previously agreed framework for the 22 TCF gas devel
Chinese companies could be investing in Iranian mini-LNG plants construction, Managing Director of National Iranian Gas Exports Company (NIGEC) Alireza Kameli said recently.
Egyptian Ministry of Petroleum said a Memorandum of Understanding has been signed with Jordan for the use of excess capacity at the FSRU Golar Eskimo moored in Aqaba.
It is essential that new orders are placed within the next three to six months for the yard industry to fill up its orderbooks for 2017, according to Danish Ship Finance. The orderbook is rapidly approaching the low levels seen at the start of 2013, but 2016 looks to be a reasonable year for shipbui
The biggest liquefied natural gas (LNG) contract among all importing countries in the first quarter of this year was signed by Pakistan, according to research and consulting firm GlobalData. Qatargas, the world’s largest LNG producer signed a long-term deal to supply Pakistan State Oil Company (PSO)
Unless seafarer training levels are increased significantly, the growth in demand for seafarers could generate a serious shortage in the total supply of officers as the latest five-year BIMCO/ICS Manpower Report forecasts that an additional 147,500 officers will be required by 2025 to service the wo
Ratings agency Moody’s said it has completed the assessment of LNG producers RasGas 2 and RasGas 3, as well as LNG shipping giant Nakilat as part of its review initiated in March. Moody’s has confirmed the Aa3 guaranteed senior secured debt ratings of RasGas 2 and RasGas 3, and the agency has also c
By Henning Gloystein and Dmitry Zhdannikov SINGAPORE/LONDON (Reuters) – Oil prices jumped over 2 percent on Monday to their highest since October 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flippe
(Reuters) – Goldman Sachs <GS.N>, one of the most bearish forecasters on oil for about a year, on Monday raised its short-term price outlook for U.S. crude projecting steeper near-term cuts in global output. “Pulling forward” its forecast, the bank now sees West Texas Intermediate (WTI) prices avera
The container shipping fleet could break through the 20 million TEU barrier shortly and, with an estimated net addition of 0.68 million TEU of capacity for the full year, the milestone could be reached in June, according to BIMCO. Over the last decade, the fleet size in TEU increased by 240% and rea
Singapore’s offshore vessel owner Atlantic Navigation has secured work for ten of its offshore supply vessels in the Middle East. The company on Friday said the combined value of the vessel charters was $236 million. The vessels will work for an undisclosed national oil company. According to Atlanti
popular news
