rss icon Subscribe
desktop mobile

Middle East

Iran, Iraq Plan Two Oilfields Development

Photo:Ministry of Petroleum, Islamic Republic of Iran

Iran and Iraq have reached an agreement for joint development of the Naft Shahr and Khorramshahr joint oil fields, Iranian Minister of Petroleum Bijan Zangeneh said.Speaking on Sunday, on during a visit to the Energy Industries Engineering and Design (EIED, an affiliate to the Oil Industries' Engineering and Construction (OIEC)),

Harvey Gulf Branches Out Internationally

Photo: Harvey Gulf Marine

Since committing to go global in September 2018, US based Harvey Gulf said on Thursday it has been awarded contracts in Mexico, Trinidad, Guyana and Suriname.The company noted it also has bids for work in Mozambique, Angola, Senegal, Israel, Ghana and Nigeria.Harvey Gulf, which completed a financial

109 Vessels Ready for Iranian New Year

Image: Ports & Maritime Organization

109 Vessels vessels with a capacity of 6000 passengers ready for Nowruz, the Iranian New Year, also known as the Persian New Year.“800 hundred executives providing 24-hour services in Marine Travel Facility plan during Nowruz” said Allah Morad Afifipour, Director General of Ports and Maritime of Hormozgan.

Fire Breaks Out Aboard USS Devastator

Mine countermeasure ship USS Devastator (MCM 6) (U.S. Navy photo by Corbin J. Shea)

A fire broke out aboard the mine countermeasures ship USS Devastator (MCM 6) while the ship was pierside at Naval Support Activity (NSA) Bahrain at approximately 8 p.m. local, March 14, the U.S. Navy said. No personnel injuries were reported.The ship declared the fire out at approximately 9 p.m. local,

Pirates Thwarted in the Gulf of Aden

Iranian naval forces intervened to repel pirates who attacked an Iranian oil tanker in the Gulf of Aden, state television reported on Friday.The broadcast said pirates in 11 speedboats attacked a tanker with a cargo of 150,000 metric tons on Thursday. It showed naval forces opening fire on speedboats,

Oman: Gas Production to Surpass Oil by 2023

Graph: Rystad Energy

Oman’s gas production levels are set to surpass oil by 2023 thanks to an impressive surge in the development of gas fields in the sultanate, according to Rystad Energy, the independent energy research and consulting firm headquartered in Norway.“Gas is on the rise in the Arab country on

Gulf Craft Unveils Majesty 175

Image: Gulf Craft

UAE builder Gulf Craft announced that the 54-metre concept Majesty 175 is currently being constructed by UAE builder Gulf Craft at the company’s Umm Al Quwain facility, with her delivery scheduled to the end of 2019.The completion process of the largest yacht “Made in UAE”, is going at a fast pace,

Ferretti strengthens Middle East Presence

Image: Ferretti Group

Ferretti Group, player in the international boating industry, Group aims to further strengthen its position with the start of a new partnership with Ocean 360.Ferretti considers the Middle East market as an excellent breeding ground for high-end motor yachts. Through this agreement, Ferretti wants to

Milaha Net Profit Up 10%

Abdulrahman Essa Al-Mannai. President and CEO. Photo: Milaha

Qatar-based maritime transport and logistics company Qatar Navigation (Milaha) reported  a 10% rise in its net profit  for the twelve months ended December 31, 2018.The Middle East maritime and logistics company delivered a net profit of QAR 516 million (USD 141.7 million) for the twelve months ended December 31,

Adnoc Signs USD4bln Pipeline Deal

Photo: Abu Dhabi National Oil Company

Abu Dhabi State-Owned Oil Company Adnoc has sealed a $4 billion midstream pipeline infrastructure deal with BlackRock, the world's largest asset manager, and private equity firm KKR & Co.The Middle East national oil company said that the transaction includes the creation of Adnoc Oil Pipelines,

Fincantieri in Pact with Abu Dhabi Shippbuilding

Image: Abu Dhabi Ship Building

Italian shipbuilder Fincantieri and Abu Dhabi Shipbuilding (ADSB) have reached a framework agreement to explore future forms of industrial and trade collaboration in the shipbuilding sector in the UAE.The accord is part of Fincantieri's development strategy in the Middle East based on fostering

Adnoc's Fleet to Add 25 Vessels

Photo: Adnoc

Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, a member of Abu Dhabi's Executive Council and Supreme Petroleum Council and Chairman of the Abu Dhabi Department of Transport, inaugurated the latest addition to Adnoc Logistics & Services' shipping fleet.The Abu Dhabi-based provider of shipping,

Nakilat, McDermott Form Fabrication JV

Image: Nakilat

Qatar's Nakilat and McDermott are establishing a 60:40 joint-venture (JV) company that provides offshore and onshore fabrication services in Qatar."The strategic partnership aims at increasing productivity levels at Nakilat’s world-class Erhama Bin Jaber Al Jalahma Shipyard and developing

Saudi Aramco, Total in USD1bln Pact

Group photo of Saudi Aramco management and Total management

Saudi Aramco and Total hasve signed a joint venture agreement to develop a network of fuel and retail services in Saudi Arabia.The 50:50 JV plans to invest around $1 billion over the next six years in the Saudi fuel retail market and start providing motorists with premium fuels and retail services in the Guf kingdom.

Maritime Apps