After the South Korean shipbuilder Hyundai Heavy Industry (HHI) refused to deliver an oil tanker to Irano Hind Shipping Company (IHSC), its minority partner in joint venture, Shipping Corporation of India (SCI), decided to buy the vessel, The Hindu Business Line reports. The main reason of delivery
A consortium headed by Wärtsilä has been awarded a turnkey contract to build a 573 MW tri-fuel power plant in Jordan. When completed, it will be the world’s largest tri-fuel power plant capable of utilizing natural gas, heavy fuel oil and light fuel oil as its main fuels. Initially, the plant will o
Qatargas participated as a strategic sponsor in the “Qatar Week: Ferjaan in Tokyo” held from September 27 to October 1 as part of Qatar-Japan 2012, a celebration of 40 years of diplomatic relations between the State of Qatar and Japan. Ferjaan in Tokyo, a temporary Qatari village inspired by the arc
An Iranian official has said that the country’s offshore oil and gas platforms in the Persian Gulf have been attacked by hackers. He explained that the facilities’ communication systems have been targeted for the past two weeks, but added that the cyber attacks have been repelled successfully. Moham
Qatar Petroleum, along with its joint ventures and subsidiaries, is taking part in the 26th edition of Gastech. Gastech is currently ongoing until October 11 at the ExCel Centre in London. Held under the theme “Fuelling the future by investing in gas,” the Gastech 2012 Conference and Exhibition brin
Saudi Aramco, a Saudi Arabian national oil and natural gas company based in Dhahran, expanded its fleet of supertankers hired to transport oil to the U.S., Bloomberg reports. The company chartered seven VLCCs to carry a total of about 14 million barrels in October, based on Optima Shipbrokers Ltd. B
The National Iranian Gas Company (NIGC) announced its readiness to help the Turkish company, Botas, with repairing the damaged pipeline, managing director of the NIGC, Javad Owji said. According to the report of the public relations of the NIGC, he said that the pipeline was damaged in an explosion
Saudi Global Ports LLC (SGP), a joint-venture company formed between the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia and PSA International (PSA), broke ground to mark the official start of construction of the second container terminal in the King Abdul Aziz Port in Dammam, the larges
Transas Offshore and Dynamic Positioning simulator has been installed at PanArab E-Navigation (PAEN) in Alexandria, Egypt. PanArab E-Nav is a key player in the marine and offshore training in the entire region. Transas Offshore and DP training solution is based on the navigational simulator platform
Douglas-Westwood (DW) forecast that between 2013 and 2017 $91bn will be spent on floating production systems (FPS) – an increase of 100% over the preceding five-year period. In Douglas-Westwood’s new World Floating Production Market Forecast 2013-2017, a total of 121 floating production units are fo
Douglas-Westwood (DW) forecast that between 2013 and 2017 $91bn will be spent on floating production systems (FPS) – an increase of 100% over the preceding five-year period. This growth is driven by factors such as a larger proportion of newbuilds and conversions compared to redeployments, a greater
Tamar production platform has left the Keiwit Shipyards in Corpus Christi, Texas, USA, and is now on the way to its location offshore Israel, according to Globes, the Israeli financial newspaper. It took 18 months for the 280 m platform to be completed, and the project has been described as “the lar
Bank Mellat starts offering South Pars gas field bonds worth of 10 thousand billion rials as of 6 October. According to a report by public relations department of Bank Mellat, the bank will issue the bonds to provide money for development of South Pars gas field phase 11 to 24 as well as development
North America Western Asia Holdings announced that it has entered a formal agreement with Iraq’s Ministry of Transportation and the General Company for the Ports of Iraq to modernize Maqal Port, a historic port located in Basra’s urban center on the Shatt al Arab waterway. As part of the agreement,
