EU NAVFOR hosted a press conference on 20 February 2012 to present an update on Operation ATALANTA, piracy off the Horn of Africa and a view towards future developments. The briefing was hosted by Operation Commander Rear Admiral Duncan L. Potts with Deputy Operation Commander Rear Admiral Rainer En
Israel Electric Corporation’s (IEC) Board of Directors approved the agreement between the Tamar project partners and IEC for purchase of natural gas, Delek said in a statement today. The approval does not include the two additional sections which were previously requested by the IEC, Delek said. The
Israel will establish a sovereign fund to manage revenue from natural gas resources, with the fund’s profits being invested in strategic projects for the State of Israel, Ministry of Foreign Affairs said in a press release. “This is in order to ensure the efficient and wise utilization of natural re
HE Sultan Ahmed Bin Sulayem, Chairman, DP World, together with a high-level delegation, has inspected progress on the first phase of the terminal operator’s Embraport project, the largest Brazilian private multi-modal port terminal in the city of Santos. The first phase of Embraport (Empresa Brasile
Drewry Maritime Research’s latest Tanker Forecaster report looks at how surplus tonnage is placing a burden on crude tanker freight rates in the short and medium term, however, product tankers especially MR tankers, are expected to perform better in the coming years. Freight rates for MR product car
Abu Dhabi Ship Building, the leading shipbuilder and naval support services provider in the Gulf region and a strategic affiliate of Mubadala, has yesterday launched “Mezyad”, the fourth vessel of the Baynunah Corvette Class Program for the UAE Navy and the third vessel under the Baynunah fleet cons
Fugro Geos has announced a contract award which provides Qatar Shell with support for a seabed water temperature monitoring system. The 5-year contract will ensure round-the-clock support and maintenance of the metocean monitoring system, which is part of the Pearl GTL (gas-to-liquids) project in Ra
Iran began construction of destroyer Jamaran 2, reports news agency IRINN referring to Iranian Navy Commander ADM Habibollah Sayyari. He added that construction of the destroyer Jamaran 2 was conducted by own efforts under direction of Iranian experts. Sayyari pointed out that the new destroyer woul
Bahrain’s pioneering $1.6bn Dilmunia Health Island took a step closer to becoming a reality today, with a call for tenders for the project’s initial infrastructure phase. The first of four infrastructure development phases, the tender encompasses work relating to the ambitious 125 hectare island’s h
Kuwait has purchased three consignments of liquefied natural gas, Mr. Jamal Al-Loughani, Deputy Managing Director of Marketing Operations, International Marketing Sector, Kuwait Petroleum Corporation said. He said that one consignment will be delivered early next April and the second consignment dur
HE Sultan Ahmed Bin Sulayem, Chairman, DP World has toured DP World Callao, the largest and most efficient container terminal on South America’s Pacific Coast, and met with Oscar Valdez, Prime Minister of Peru, to discuss how the company can continue to contribute to Peru’s growth. Mr. Bin Sulayem w
The Netherlands based Doedijns Group, announces official opening of its new premises in Dubai, United Arab Emirates to strengthen its presence in the region. This full service Doedijns facility is located in the ‘Jebel Ali Free zone’ district of Dubai and is led by Mr. Rakesh Surti, as Managing Dire
The Tamar partners – Noble Energy, Delek Group and Isramco announced that they have signed a $680 million natural gas supply contact with Mashav Initiation and Development. Tamar will supply 0.2 BCM a year over 15 years. The gas supply is expected to start in the second half of 2013. [mappress] LNG
John Barry, Shell’s Vice President – Technology and Production for Middle East and North Africa, outlined Shell’s view of the importance of technology and partnerships for securing the energy future in the Middle East. Dr. Barry was speaking at The Kuwait Oil and Gas Summit & Exhibition, which is be
