International Maritime Industries (IMI), which describes itself as the largest maritime yard in the MENA region, has signed a Joint Venture Agreement with Zamil Offshore to deliver Offshore Support Vessel (OSV) building and maintenance, repair…
Qatar's state-run energy firm QatarEnergy, until recently known as Qatar Petroleum, has ordered six LNG tankers, four from Daewoo Shipbuilding & Marine Engineering (DSME) and two from Samsung Heavy Industries (SHI) in support of its North Field expansion project…
Offshore drilling company Noble Corporation has completed the sale of four jack-up drilling rigs in Saudi Arabia to drilling firm ADES.The companies first announced the sale and purchase deal for the rigs Noble Roger Lewis, Noble Scott Marks…
Grandweld shipyard has won a contract with offshore support vessel firm Stanford Marine to build two 42-meter GrandSuperior crew boats with the keel-laying ceremony recently completed. These are Grandweld’s 11th and 12th vessels built for Stanford Marine…
Offshore construction specialist Lamprell has secured a $45 million revolving trade loan facility to be used for the working capital requirements of the two IMI newbuild jackup rigs which are currently under construction at the Lamprell's Hamriyah yard…
The leader of Lebanon's Hezbollah on Friday warned Israel against drilling for oil and gas in the disputed maritime border area between the two countries until the issue is resolved, and said the Iran-backed group would take action if it did so…
Israel is considering the construction of a new onshore pipeline to Egypt in order to quickly boost natural gas exports to its neighbour in the wake of the recent tightening of global supplies, the Israeli energy ministry said.The pipeline,…
GMS, a provider of self‐propelled, self‐elevating support vessels for the offshore energy industries has secured a 12-month or an E Class vessel with an unamed engineering, procurement and construction cliane in the MENA region.The contract is due to start at the end of December 2021…
Thai-based offshore services company Mermaid Subsea Services has agreed to buy a 50% ownership share in the Millennium 3 offshore construction vessel from PT David Marine for $16 million.The Millennium 3 is a DP2 construction support vessel…
Saudi Arabia's sovereign wealth fund, the Public Investment Fund, announced on Saturday the launch of 'THE RIG', which it said would be the world's first tourism destination on offshore platforms.The fund, the engine of Crown Prince Mohammed…
Qatar changed the name of its state-owned oil and gas firm to Qatar Energy from Qatar Petroleum to reflect what it said was a broader strategy but said it had no plans to sell assets to raise funds as other Gulf state producers have.'We have plenty of cash…
DP World's subsidiary Drydocks World Dubai has started converting an Aframax tanker capable of carrying 700,000 barrels of oil to a Floating Storage and Offloading Unit (FSO) for Dixstone, part of Perenco.As part of the extensive modification and life extension work at the FSO Pargo project…
British oil services company Petrofac was fined 77 million pounds ($105 million) on Monday and a former executive received a two-year suspended sentence after both pleaded guilty to bribery in Iraq, Saudi Arabia and the United Arab Emirates…
Qatar Petroleum has ordered four new LNG carriers from Hudong-Zhonghua Shipbuilding Group, a subsidiary of China's CSSC, as part of its North Field expansion project.'These four carriers are the first batch of orders in Qatar Petroleum’s massive LNG shipbuilding program…
ADNOC Drilling shares jumped more than 30% as the unit of Abu Dhabi oil giant ADNOC started trading on Sunday after its $1.1 billion initial public offering (IPO), the largest ever on the Abu Dhabi stock market.ADNOC Drilling, whose share offering attracted more than $34 billion in demand…
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