Nakilat of Qatar, world’s largest LNG ship owner, reported a drop in first-half net profit. The company said its H1 – 2013 profit from operations was QR 374.7 million compared with QR 385.4 million for H1 – 2012. H1 – 2013 net profit after a loss on derivative instruments from joint ventures was QR
Burned-Out MOL Comfort’s Fore Part Sunk Mitsui O.S.K. Lines, Ltd. (MOL) reported that the fore part of the containership MOL COMFORT sank in the high seas of the Indian Ocean at 19:00 UTC on July 10 (04:00 on July 11 JST). MV ‘Albedo’ Held by Pirates Sinks EU Naval Force can confirm that the Malaysi
Germany: AMBAU to Construct Largest Offshore Wind Tower July will see construction begin at the AMBAU site in Cuxhaven, Germany of the largest offshore tower ever built for a wind turbine, measuring 7.33 metres at the base flange. USA: Statoil Freezes Hywind Maine Project Statoil has decided to susp
Top News of the Week July 8 – 13, 2013
Noble Corporation, a Swiss-headquartered drilling contractor which recently announced it was contemplating a move to the UK, today announced it has secured two drilling contracts in the Arabian Gulf. The contracts are for the Noble Dhabi II and Noble Jimmy Pucket jack-up drilling rigs. The Dhabi II
Mitsui O.S.K. Lines, Ltd. (MOL) reported that the fore part of the containership MOL COMFORT sank in the high seas of the Indian Ocean at 19:00 UTC on July 10 (04:00 on July 11 JST). The burned-out wreck disappeared in a water depth of about 3,000 meters, according to MOL. “We have reported this fac
The fire on MOL Comfort’s fore part that broke out on July 6th continues to rage. The Indian Coast Guard vessel ‘Samudra Prahari’ joined the other two rescue boats in the firefighting operation on July 8th. Due to adverse weather affecting the firefighting effort, the fire is not yet under control.
According to a new market report published by Transparency Market Research the global market for oilfield equipment was valued at USD 93.74 billion in 2012 and is expected to reach USD 117.37 billion in 2018, growing at a CAGR of 3.8% from 2012 to 2018. The demand for oilfield equipments is expected
Baker Hughes Incorporated announced today that the international rig count for June 2013 was 1,333, up 50 from the 1,283 counted in May 2013, and up 48 from the 1,285 counted in June 2012. The international offshore rig count for June 2013 was 337, up 10 from the 327 counted in May 2013, and up [&he
Pakistan Industrial and Trader Associations Front (PIAF) has urged the government to ensure completion of Iran-Pakistan gas pipeline project within the given timeframe. The pipeline would not only mark a new chapter in the history of Iran-Pakistan bilateral relations but would also help to bring dre
In a special ceremony that marked a combined total of 2000 years of work by a group of long serving employees, DP World Chairman HE Sultan Ahmed bin Sulayem has credited Jebel Ali Port’s phenomenal success to its dedicated and long serving people. At a ceremony held by DP World, UAE Region to honour
Dana Gas, the Middle East’s leading publicly-listed natural gas company, has announced the appointment of Patrick Allman-Ward as the new Group CEO for the company with effect from 01 September. The company, which is listed on the Abu Dhabi Exchange (ADX) and recently announced the successful re-fina
On June 26, the UAE Company and the client Hutchison Ajman International Terminal (Hutchison Whampoa) jointly held the commencement ceremony and the ground-breaking ceremony for UAE Ajman Terminal Reconstruction Project. The representatives from Ajman Port Office, Hutchison Whampoa Ajman Terminal Op
Sayyid Mohammed bin Sultan al-Busaidi, Minister of State and Governor of Dhofar affirmed that the government attaches a great interest in development in the Dhofar Governorate in response to the Directives of His Majesty Sultan Qaboos Bin Said. In a statement to ONA, he added that His Majesty the Su
