Middle East

Newlead Bags Panamax COA

  NewLead Holdings Ltd. announced today that it has entered into a Contract of Affreightment for one of its dry bulk vessels, the Panamax Newlead Markela, for the transportation,

Amid Nuclear Dispute, Israel and Iran Face Off Over Past Oil Ties

As Israel loudly and publicly denounces Iran and its nuclear programme this week, the two countries are quietly tussling in a decades-old dispute over a secretive

ICS: EU Must Act in Mediterranean Crisis

The International Chamber of Shipping (ICS) says EU Member States must act urgently to prevent the loss of thousands more lives, as the humanitarian crisis in the

Interview: Nakilat's Samir Bailouni

SGMF Membership - Uncovered: An interview with Samir Bailouni, Nakilat The Society for Gas and Marine Fuel (SGMF) recently interviewed one of its members, Samir

Elcome Enters Sales, Service Deal with JRC

Elcome International has signed a distribution agreement with Japan Radio Company (JRC) and its technology partner Alphatron Marine.   Under the agreement, the

Turkey Strikes Deal with Gazprom for Gas Price Cut

Turkey has concluded a final deal with Russia's Gazprom that will cut the price of gas it buys from Russia by 10.25 percent, Energy Minister Taner Yildiz said on Friday.

North P&I Club Publishes Guide to Iranian Sanctions

Marine mutual liability insurer North P&I club has produced a quick reference guide on navigating EU and US sanctions while shipping goods in and out of Iran, the group announced today.

Keels Laid for Two Aluminum OSVs

Triangle Marine Services and Marine Core & Charter host keel laying ceremony for two Aluminum Fast Offshore Support Vessels   UAE-based shipbuilder Triangle Marine

Brent Crude Up 5% as Saudi Sees Improved Demand

Brent crude oil futures surged 5 percent on Wednesday, after Saudi Arabia's oil minister said oil demand was growing and data showed Chinese factories were producing more than expected.

Propulsion Systems Ordered for Qatar Coastguard Vessels

Rolls-Royce waterjets and MTU diesels to power 17 new patrol boats for the Qatar Coastguard   Rolls-Royce has secured a £15.8 million contract to supply Rolls-Royce

OSCC to Focus on Safety

OPITO Announces Date for 2015 Safety and Competence Conference. The “economics of safety at $50 oil” is the topic for this year’s OPITO Safety and Competence

AnTech Launches Saudi Arabian Presence

Directional Coiled Tubing Drilling (DCTD) provider, AnTech Ltd, has launched its Saudi Arabian presence at its new premises in Al-Khobar.  A part of the company’s global growth strategy,

Abu Dhabi Ship Building to Deliver 3 UAE Warships by 2016

Abu Dhabi Ship Building Company will deliver three Baynunah warships to the United Arab Emirates Navy by 2016 and is in discussions with other buyers to sell more, its chief executive said on Monday.

Egypt's Suez Canal Revenue at $434.8 mln

  Revenues from the Suez Canal stood at $434.8 million in January, the state news agency said on Saturday, down from $445.5 million in December. The fastest

Egypt Court Acquits Ex-oil Minister of Corruption Charges

  An Egyptian court acquitted former oil minister Sameh Fahmy of charges of selling cheap gas to Israel and squandering public funds and threw out his 15-year jail sentence,

Egypt Bullish on New Suez Canal expansion

 The Egyptian government is pressing ahead with the first major expansion of the canal in almost 150 years, to allow ships to pass north and south concurrently, reports Telegraph.

Gazprom Sees Big Scope in El Assel in Algeria

  At a meeting between Alexey Miller, Gazprom's Chairman of the Company's Management Committee and Said Sahnoun, President and CEO of Algerian state-owned company Sonatrach alongwith Ali Hashed,

Egypt: Vitol to Supply 9 LNG Cargos, in Talks with BP

Vitol will supply Egypt with nine LNG cargos for two years starting June 2015, an Egyptian oil ministry statement said on Thursday.   The statement said the ministry

Eni Currently Producing Close to 300,000 barrels per day in Libya

Eni is currently producing close to 300,000 barrels per day in Libya after an average of around 240,000 barrels per day last year, the CEO of the Italian major said on Wednesday.

Lukoil Plans to Double Production in Iraq

Russian oil producer Lukoil is planning to double its production in Iraq to 100,000 metric tons per day in three years, Interfax news agency cited Lukoil's head

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