McDermott International, Inc. announced that one of its subsidiaries has been awarded a large engineering, procurement, construction and installation (“EPCI”) project by an operator in the Arabian Gulf. The contract includes the engineering, fabrication, transportation and installation of four new o
The European Bank for Reconstruction and Development (EBRD) is continuing to invest in projects that will strengthen the security of energy supply in its region of operations. The EBRD is extending a senior loan of US$ 200 million to LUKOIL Overseas Shah Deniz Ltd, a wholly-owned subsidiary of LUKOI
Abu Dhabi Marine Operating Company (ADMA-OPCO) awards Technip with a contract for project management consultancy services for the engineering, procurement and construction phases of the Zakum Oil Lines Replacement Project-Phase 1. ADMA-OPCO’s objective is to replace aged oil pipelines in the Zakum f
The Azerbaijan International Operating Company (AIOC), operated by BP, announced the start-up of oil production from the West Chirag platform as part of the Azeri-Chirag-Gunashli (ACG) field development in the Azerbaijan sector of the Caspian Sea. Start-up of the West Chirag platform completes the C
Etihad Etisalat (Mobily) announced the agreement to install a new submarine cable named AAE-1. The agreement was signed in Hong Kong with 17 operators, and the cable is expected to link countries of the Far East to Europe through the Middle East and Africa. The submarine cable will be layed over a d
The AMEC Tekfen Azfen (ATA) consortium has been awarded a contract totalling $974 million for BP-operated Stage 2 development of the Shah Deniz gas field in the Caspian Sea. AMEC will contribute its project and construction management expertise to the consortium. The contract covers the fabrication,
Rex International Holding Limited, one of the largest companies listed on the Catalist of the Singapore Exchange Securities Trading Limited, referred to the announcement issued on December 24, 2013 in which Masirah Oil Limited, a 64% owned subsidiary of its jointly-controlled entity, Lime Petroleum
Technip was awarded by Kuwait Oil Company (KOC) a contract, worth over USD 400 million, for consultancy services for project management and engineering. This deals with the construction of new oil and gas infrastructure facilities, as well as the upgrading of existing facilities, in Kuwait. Technip
Iran has generally agreed to deliver natural gas to India through a deepwater pipeline crossing the Sea of Oman, marketing director of the National Iranian Gas Exports Company (NIGEC), Ali Amirani said. “Negotiations were held with three Indian companies for their purchase of gas from Iran, and gene
GAC EnvironHull, part of global shipping, logistics and marine services provider GAC Group, has launched HullWiper, its new innovation offering diver-free, cost effective and eco-friendly underwater hull cleaning. Despite its compact size of just 3 x 1.5 x 0.80 m, the high-speed, remotely-operated v
Mermaid Maritime Public Company Limited announced that its business units serving the Middle East has recently been awarded a suite of subsea services contracts for air diving services including air diving for pipeline free-span correction and a subsea cable lay contract. All contract awards were se
Utilization of oceans due to their privileges in the areas of maritime transportation, marine food resources, mineral resources and security of the costal states is of paramount importance. In view of the fact that Iran enjoys more than 2700 km of coastline in Persian Gulf and Caspian Sea, existence
McDermott International, Inc. (“McDermott”) announced that one of its subsidiaries was awarded an Engineering, Procurement, Construction and Installation (EPCI) project for a customer in the Arabian Gulf. The value is approximately US$ 200 million and will be included in McDermott’s fourth quarter 2
CSA Ocean Sciences Inc. GeoSpatial Services (GS) business line is using remote sensing and Geographic Information System (GIS) technology to map shoreline sensitivity to oil spills in the eastern Mediterranean Sea. The Environmental Sensitivity Index (ESI) is a widely used system for ranking and cla
