The Turkish energy minister says Turkey will continue importing natural gas from Iran. Taner Yildiz said that Turkey will not decrease its imports of gas from Iran and that Tehran-Ankara energy ties will remain intact, Iran’s SHANA news agency reported. The Turkish energy minister stressed that ther
Polarcus Limited, a UAE-based seismic acquisition specialist has reported its revenues for the Q1 of USD 144.8 million, up 45% from Q1 2012. The company’s EBITDA was USD 52.9 million, up 103% from Q1 2012. Net Cash Flow from operations was USD 40.5 million. In Q1 2013 Polarcus continued to deleverag
Shell has been chosen by the Abu Dhabi National Oil Company (ADNOC) to participate in a 30-year joint venture (JV) to develop the major Bab sour gas reservoirs in the Emirate of Abu Dhabi. Shell will hold a 40% equity stake in the JV, with ADNOC holding 60%. The two companies will now enter a [&hell
Dubai Maritime City, the world-class mixed-use maritime cluster today announced that it received Stig Ulstein, CEO of Norwegian company Ulmatec (Ulstein Marine Technology AS) along with Haavard Myrene, Director Business Development who visited Dubai Maritime City. He met Khamis Juma Buamim, Chairman
The managing director of Iranian Oil Terminals Company (IOTC) says the country will roughly triple its gas condensate exports in less than two years. Seyyed Pirouz Mousavi said on Wednesday that in less than two years, Iran will increase its export of gas condensate from the current level of 450,000
Managing director of Natural Gas Storage Company (NGSC) said 2 billion cubic meters of gas will be stored at Shorijeh reservoir in the current Iranian calendar year, began March 21, 2013. Massoud Samivand said as this important project in Eastern Iran is nearing completion and storing would begin so
*Petrobras Inks Deals for 23 OSVs. 24 More to Come (Brazil) *Saipem Scoops $500 Mln in Offshore Contracts in Latin America *Aibel Reveals Name of Worker Killed in Yard Accident
Oman LNG will promote the latest career opportunities as Lead Sponsor at JOBEX 2013. Oman’s premier Omanisation & Job Opportunities Exhibition-JOBEX 2013 will take place from 23rd -25thApril, 2013 at the Oman International Exhibition Centre. “With 90% Omanisation, we are proud of our commitment to t
Seafarers’ suggestions on how to improve their situation when facing criminal charges were presented at the landmark 100th session of the Legal Committee of the International Maritime Organization (IMO) which met in London on 15 – 19 April, 2013. The suggestions, which emanated from a comprehensive
Over the next five years, Quest expects an 88% growth in floating production system (FPS) award levels illustrating a strong resurgence of investment in high-capital, major deep water developments. This growth coupled with current high levels of offshore rig construction will buoy oil & gas related
Spectrum has announced the start of another Multi-Client 3D survey in the Levantine Basin offshore Lebanon. The survey is approximately 2,200 square kilometer in size and the acquisition will be carried out by Polarcus using its 12-streamer vessel ‘Adira’. The survey is directly North of Spectrum’s
Dana Gas, the Middle East’s leading private sector regional natural gas company, today announced that sukukholders overwhelmingly voted to approve the refinancing of the US$ 1 billion Trust Certificates (Sukuk-al-Mudarabah) issued by Dana Gas Sukuk Limited. At the Company’s Extraordinary General Ass
Head of the Natural Gas Storage Company said 80 percent of Iran’s needed gas storage equipment are made by domestic manufactures. Massoud Samivand told Shana that domestic manufacturers supplied about 40 percent of the equipments required for injection of gas and 80 percent of refinery equipments of
Dana Gas announced it was a successful bidder in the Egyptian Natural Gas Holding Company 2012 International Bid Round that took place on 18th April 2013. The Company has also been pre-qualified as a non-operator in Lebanon’s 1st Offshore Licensing Round. Egypt The Company was awarded 100% working i
