Transocean Ltd. announced today that it has closed on the previously disclosed transaction to sell 38 shallow water drilling rigs to Shelf Drilling. Shelf Drilling is a newly-formed company sponsored equally by Castle Harlan, CHAMP Private Equity and Lime Rock Partners., focused on providing of shal
Australia’s oil and gas company Woodside has reached an agreement to buy a participating interest in Leviathan, one of the largest recent offshore gas discoveries worldwide. The move could see the Australian company play a key role in the potential development of a liquefied natural gas industry in
Shipbuilding production levels have remained at record high levels exceeding 50 million cgt for two consecutive years (2010 -2011), with 2012 forecasted to remain close to 2011 levels. However the orderbook that forms the contracted forward workload has diminished rapidly and tails-off to very low l
A Cost Sharing Agreement (CSA) has been executed between Levant LNG Marketing, a subsidiary of Pangea LNG B.V., and Tamar Partners. This major milestone demonstrates the continuing progress toward the export of LNG from the Tamar and Dalit fields in the Eastern Mediterranean, 60 miles offshore from
Qatargas Operating Company announced that it will deliver the first ever cargo of Liquefied Natural Gas (LNG) to Singapore next year. The cargo, expected to be delivered during the first quarter of 2013, will be used to commission Singapore LNG Corporation Pte Ltd’s (SLNG) LNG Terminal being built o
DP World today celebrated the 41st UAE National Day with cultural and traditional Emirati festivities for its employees, partners, customers and friends. Activities included the ceremonial planting of a tree in response to the suggestion of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice Pr
With the increasing demand for energy domestically, Middle Eastern exports of LNG are set to decrease for the first time in 20 years. Countries including Bahrain, Kuwait, UAE, Jordan, Libya and Lebanon have all announced plans to build LNG import terminals to meet demand. Held at the Gulf Hotel in M
Delek Group gas subsidiaries announced that the Pre-FEED stage of Tamar and Dalit floating liquefied natural gas project (FLNG), off the coast of Israel, has now been successfully completed. Therefore, the Tamar partners decided to begin the second phase-front-end engineering design (FEED). LNG prod
Nakilat-Keppel Offshore & Marine (N-KOM) has been conferred the Ship repair/Shipyard award at the Seatrade Middle East & Indian Subcontinent Awards 2012 held on 26 November at Atlantis The Palm in Dubai. The win comes a month after the shipyard was named ‘Shipyard of the Year’ at the Lloyd’s List Mi
A senior Iranian lawmaker says all the 28 phases of Iran’s giant offshore South Pars gas field will have become operational by March 2015. Ruhollah Abbaspour, the spokesman for Iran’s Majlis Industrial and Mining Committee, said on Monday that 10 phases of the gas field are currently operating at fu
Qatargas is showcasing its environmental initiatives at the Qatar Sustainability Expo which is running in conjunction with COP18, the UN Climate Change Conference, in Doha between 26th November and 7th December at the Doha Exhibition Center. Qatargas is showcasing a model of its $1bn Jetty Boil-Off
A concrete decision about the Salalah Port expansion plan will be introduced next year, according to Peter Ford, Chief Executive Officer of Salalah Port Services. Mr. Ford stated: “We have seen a growth of around 15 pct till the third quarter of this year. If we can expect that again on a regular ba
Managing-Director of Pars Oil and Gas Company Mousa Souri announced that Iran will increase gas production in the giant South Pars gas field, adding that the country will surpass Qatar’s gas production in the shared field. Speaking on Sunday, Souri said Iran’s gas recovery from South Pars would equa
Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry and Chairman & Managing Director of Qatar Petroleum (QP), inaugurated a Compressed Natural Gas (CNG) fueling station in the New Industrial Area in Doha. The station has been designed and built by QP as a pilot project and is part of the
