Wärtsilä has signed two important long-term service agreements covering Amman Asia Electric Power’s power plant in Al Manakher, Jordan. The agreements comprise a 15 year Parts Supply Agreement, as well as a 5 year Technical Service Agreement with KEPCO Plant Service & Engineering Co., Ltd, the opera
12 months on from the Costa Concordia incident, a new Allianz report identifies that 106 ship losses were reported worldwide in the 12 months to November 25 2012 – up from 91 ships the previous year but a 27 percent decrease on the ten year average of 146 ships per annum. Despite this long term [&he
Indian Minister of External Affairs Salman Khurshid says New Delhi and Tehran would likely hold talks on Iran-Pakistan-India (IPI) gas pipeline at a joint commission meeting in the first quarter of the year. “Some issues about costs and all that still have to be sorted out. We will have a joint comm
DP World’s flagship Jebel Ali Port, the largest man-made port in the world, today celebrates the maiden visit of the world’s largest containership, CMA CGM Marco Polo, owned by the CMA CGM Group. This milestone reinforces Dubai’s and the port’s role as a regional gateway for the new generation of me
Iran’s gas storage capacity will reach to 100 million cubic meters per day by the end of the Fifth Five-Year Development Plan (2010-2015). Iranian minister of petroleum made the remarks on the sidelines of inaugurating the country’s first natural gas storage facility in Serajeh, saying that the seco
As much as 25 billion dollars have been invested in upstream sector projects since the beginning of current Iranian calendar year, on 20 March 2012. Addressing Sunday at the fifth conference on promoting financing system in Iran, Iranian minister of petroleum, Rostam Qasemi, made the remarks adding
Turkish energy minister Taner Yildiz said that his country will discuss building an LNG terminal with Qatar on its Aegean coast to help meet rising domestic needs, Reuters reported. The planned LNG terminal on the Gulf of Saros, an inlet in European Turkey, would have an annual capacity of 5-6 billi
Top News of The Week December 31,2012 – January 5, 2013 Experts Board Grounded Kulluk Off Alaska A team of six salvage experts boarded the grounded drilling unit Kulluk, off Alaska, to conduct a structural assessment to be used to finalize salvage plans, currently being developed by the Kulluk Tow
Iranian President Mahmoud Ahmadinejad has officially inaugurated the first underground natural gas storage facility of the Middle East in the Qom province. According to the report of the public relations of the National Iranian Gas Company (NIGC), the first natural gas storage facility in Iran and t
Industry leaders AkzoNobel, the largest global paint and coatings company and producer of specialty chemicals, and U-Ming Marine Transport Corporation – a major Taiwanese marine transporter of cement dry commodities and raw materials with 44 ships – have both joined an ambitious global coalition of
At 0535Z 27 Dec 2012, a merchant vessel near the Strait of Hormuz (2617N; 05643E) reported an approach by two skiffs. First skiff approached to within 500 metres; possible weapons sighted. Vessel’s armed security team fired flares and skiff moved away. Second skiff then approached to within 200m. Se
AGR announced that the Aphrodite-2 well offshore Israel has reached a depth of 5 652 meters from sea level (including water depth of about 1 707 meters). Based on examinations performed during the drilling of the Well, “significant signs of hydrocarbons” (natural gas) were found in the lower Miocene
Managing Director of Ports and Sailing Organization Seyyed Ata’ollah Sadr said on Wednesday that this (Iranian) year (1391, ending March 20th, 2013) Iran invested some 400 billion US dollars in country’s ports’ development projects. Speaking at a press conference at Mazandaran Province Ports and Sai
Norway’s AGR has encountered signs of hydrocarbons while drilling the Aphrodite-2 well in the Ishai License, offshore Israel, 160 kilometers northwest of Haifa. Based on examinations performed during the drilling of the Well, “significant signs of hydrocarbons” (natural gas) were found in the lower
