Aqaba Development Corporation (ADC) signed an agreement with the Joint Venture consisting of BAM International and MAG Engineering and Contracting co. on Tuesday 13th December 2011. The agreement was signed by ADC’s CEO H.E Mr. Mohammed S. Turk, and BAM International Country Manager Mr. Yousef Salha
At the end of a year in which the World Maritime Day theme of “Piracy: orchestrating the response” has been central to the work of IMO, the Organization can look back on 12 months of relatively good progress that have laid the foundations for cautious optimism about the future. Recently compiled sta
BAM International has been awarded the contract to build the new port in Jordan. The new port will be situated 15 miles south of Aqaba Port of Jordan. This €50 million (£42 million) port will be close to the Saudi Arabia border. It will be a joint venture by BAM and Jordanian company MAG. The [&hell
Israel Land Development Energy has signed an agreement with a unit of South Korean Daewoo Shipbuilding & Marine Engineering, ENR, to cooperate in constructing a LNG FPSO for its offshore Myra and Sarah gas fields. Depending on the final gas estimate results, the companies will hold talks on a gas sa
Offshore Middle East has announced the addition of Mr. Abdelkader Haouari, Offshore Operations Manager, Qatargas Operating Company Limited as part of the growing Advisory Board for the 4th Offshore Middle East Conference & Exhibition which will return to Qatar in 2013. To be held at the Qatar Nation
Qatargas , the world’s largest LNG producer, said today that the maintenance of its Trains 5, 6 and 7 and Qatargas 3 and 4 inlet receiving facilities has been completed. Earlier this year, Qatargas said that it will shut down three of the world’s biggest LNG producing plants at different times durin
The General Organisation of Sea Ports (GOP) held its 27th Board Meeting, which was chaired by Shaikh Daij Bin Salman Al Khalifa, Chairman of the Board on 8th December 2011. During the meeting, the Board was briefed by management on the implementation of GOP’s business plans and highlighted the recen
The International Association of Ports and Harbors (IAPH) has joined with the World Shipping Council (WSC), the International Chamber of Shipping (ICS), and BIMCO in the effort to encourage the International Maritime Organization (IMO) to amend the Safety of Life at Sea Convention (SOLAS) to require
NATO warship USS De Wert prevented a suspected pirate dhow from engaging in acts of piracy and forced it back to the Somali coast making further acts of piracy impossible at this time. While engaged in a replenishment at sea, USS De Wert received intelligence reports that a dhow acting suspiciously
Qatar Petroleum (QP) said today it had completed the financing for its Barzan gas project. Qatar Petroleum said in a statement that the Barzan gas project will be financed with up to 30% equity and the remaining 70% through a syndicated loan expected to total $7.2 billion. The project will supply na
Abu Dhabi Ports Company (APDC) signed a MoU with Duisport in the presence of a high ranking trade mission from Germany. The signing, which took place at the Emirates Palace, was attended by Capt. Mohamed Juma Al-Shamisi, Vice President Ports Unit at the Abu Dhabi Ports Company and the trade delegati
Shipping rates of liquefied natural gas for a period of 12-months or more rose to a record, Bloomberg reported, citing an analyst at Morgan Stanley. A.P. Moller-Maersk, hired out LNG tanker Maersk Methane for three years at $140,000 a day, Ole Storer, a Morgan Stanley analyst said. Morgan Stanley sa
Iran’s oil minister Rostam Qasemi announced that the country has discovered a huge natural-gas field in the Caspian Sea. The ministry’s news website, quoted Rostam Qassemi as saying the field is located within the country’s maritime borders at a depth of 700 meters and contains an estimated 50 Tcf o
Rostam Qasemi, Iran’s Energy Minister, announced a massive natural gas field discovery in Iranian part of the Caspian Sea. He said that the field is situated in a water depth of 700 meters containing 50 trillion cubic feet of natural gas. Shana quted Qasemi saying that “Iran’s Gas reserves went up t
