Research and Markets has announced the addition of the “Oil and Gas Security Market” report to their offering. According to the report the total oil and gas security market is expected to grow from $23.23 billion in 2013 to $29.98 billion by 2018, at an estimated Compound Annual Growth Rate (CAGR) o
Hyundai Mipo Dockyard (HMD) from Ulsan, South Korea, signed on October 29th 2013 two contracts worth circa $492 million for the construction of sixteen Medium Range (MR) tankers. The vessels were ordered by an unnamed ship owner from the Middle East. Hyundai Mipo revealed in a regulatory filing to t
Phase 12, of the massive South Pars gas field, is expected to start sour gas production next month. Development of Phase 12 is 92.6 percent completed and its sour gas will be delivered to the refinery for processing. Before the start of the cold season in Iran, this phase will start producing 500 mc
NAWAH Port Management (NPM), a business unit of North America Western Asia Holdings (NAWAH), in partnership with the General Company for Ports of Iraq, launched a state-of-the-art containerized terminal at Al Maqal Port, also known as the Port of Basra. The opening ceremony marked the completion of
Qatar Navigation (Milaha) Q.S.C. announced its financial results for the 9 months ended September 30th, 2013. Highlights: Operating revenues of QR 1.69 billion vs. QR 1.70 billion for the same period in 2012, a decrease of 0.2% year over year. Operating Profit of QR 569 million vs. QR 436 million fo
The 15th ministerial meeting of Gas Exporting Countries Forum (GECF) is scheduled to be held on November 3 in Tehran to pick a new secretary general. The meeting of the 13-member body, to which four countries have observer status, will also discuss gas market, financial and administrative issues, 20
Drydocks World & Maritime World, the well-established international service provider to the maritime, oil & gas and offshore energy sector, announced that Chairman Khamis Juma Buamim has accepted an invitation to chair the DNV Offshore Technical Committee. Buamim met Henrik O. Madsen – DNV GL Group
Bilateral trade between India and Qatar crossed $ 16 billion during the last financial year, most of it by way of LNG imports from Qatar, said PS Sasi Kumar, deputy head of mission at the Indian embassy, in Doha, yesterday in Qatar Chamber of Commerce & Industry. “India imports 7.5 million metric to
Qatar: Nakilat Damen Shipyards Signs Newbuild Orders Qatar’s premier marine company Nakilat has secured vessel building and operations contracts for the Port of Ras Laffan via its joint ventures, shipbuilder Nakilat Damen Shipyards Qatar (NDSQ) and towage operator Nakilat SvitzerWijsmuller (NSW). AI
Aegir Sailing Toward Its First Project; Anadarko’s Lucius Field Heerema Marine Contractor’s new state-of-the-art deepwater construction vessel Aegir has left Rotterdam and is now en route to the U.S. Gulf of Mexico. The news was revealed by Martijn van Wijngaarden last week at the Offshore Energy 20
Petrofac, the international oilfield service provider, has announced a contract extension from South Oil Company (SOC) for its Iraq Crude Oil Expansion Project. The 12-month extension, worth around US$99 million includes the second phase of the project and will see the Company provide an additional
PIRA Energy Group reported that Qatari marketing flexibility provides key signals for price direction. In the U.S., the EIA’s most recent release of 914 Survey data indicated U.S. domestic production reached a new high in July 2013. Actually weak front, potentially strong back define European price
Mohammed bin Saleh Al-Sada, Minister of Energy and Industry, met on Tuesday with visiting US Deputy Secretary of Energy Daniel Poneman. Discussions during the meeting covered issues of mutual interest and cooperation in the energy field. The meeting was attended by U.S. Ambassador to Doha Susan L. Z
Qatar Petroleum (QP), along with some of its joint ventures and subsidiaries as well as its Industrial Cities Directorate, took part in the 22nd World Energy Congress 2013, which was held last October 13-17 at the EXCO (Daegu Exhibition and Convention Center) in South Korea. The congress was hosted
