Middle East

Grandweld Delivers Vessel to ADNOC

United Arab Emirates leading shipyard Grandweld has delivered a dive maintenance and support vessel TAWAM1 to Abu Dhabi National Oil Company (ADNOC).   Grandweld

Damen ASD Tug for Sharjah Ports

Sharjah Ports Authority, has taken delivery of a Damen ASD Tug 2411, named Al Luolo’ Aya. His Excellency Sheikh Khaled bin Abdullah bin Sultan Al Qasimi, Chairman

Iran Seeks More Cooperation with Russia in Energy Sector

Iran's president Hassan Rouhani said after talks in Tehran with his Russian counterpart Vladimir Putin on Monday that Tehran was seeking greater cooperation with Moscow in the energy,

Putin Says Eyes Trade Boost with Iran

Russian President Vladimir Putin said on Monday he wants to boost trade ties with Iran after meeting with leaders of the Islamic Republic in Tehran.   Putin,

Magleby Maersk Calls at Jebel Ali

Press release - Global marine terminals operator DP World’s flagship Jebel Ali Port has received the world’s largest container vessel, the Magleby Maersk, which is on its maiden visit to the region.

Halul Brings OSV Ship Handling Simulator to Qatar

Halul Offshore Services Company, a wholly-owned subsidiary of Milaha, has recently procured an offshore support vessel (OSV) ship handling simulator, which is reportedly

Oil Markets Unmoved as Air Strikes Ramp Up

Since the first oil shock of 1973, instability in the Middle East has frequently been associated with higher oil prices. In an industry desperate for positive movement in crude price,

Iran Wants Bigger Role in Global Gas

Iran wants to play bigger role in supplying gas to the global market and welcomes international partnerships to develop its supplies, the Iranian president said

Hedge Funds Turn Bearish on U.S. Crude

Hedge funds and other money managers had amassed short positions in U.S. crude oil amounting to 154 million barrels by last Tuesday according to data from the U.

Oil Rises as Saudis Work with non-OPEC

Saudi cabinet issues statement reiterating policy. Oil prices turned around to rally on Monday after the Saudi Arabian cabinet said in a statement the kingdom

Unique Group Expands into Saudi Arabia

Integrated subsea and offshore solution provider Unique Group is making its first move into the Kingdom of Saudi Arabia with the opening of two new facilities in Riyadh and Dammam.

APM Terminals Opens Aqaba Logistics Village Expansion

  APM Terminals, with local Jordanian partner Kawar Group, officially opened the expanded Aqaba Logistics Village (ALV) on November 12th, with a formal ceremony

Oil Trades Near Three-month Low

Iraqi grades selling as low as $30 a barrel; EIA data shows 8th consecutive week of U.S. stock build. Brent crude oil futures traded near three-month lows on

Russia-OPEC Output Deal Unlikely

Russia yet to decide on attending OPEC consultations. There is little likelihood Russia will work with OPEC on cutting oil output ahead of or on the sidelines

Iraqis Selling Crude at $30 as OPEC Mulls Strategy

Iraq oil source sees flat to higher 2016 southern exports; BP says difficult to see large rise in Iraq output in 2016. Iraq may increase oil output further in 2016,

Falling U.S. Inventories Boost Oil Prices

Official U.S. inventory data to be published on Wednesday; brimming oil tanks compound oversupply. Oil rose on Wednesday on reports of falling stockpiles and

Petrofac Awarded Fadhili Contract

Petrofac announced it has been awarded a contract by Saudi Aramco to undertake the engineering, procurement and construction (EPC) of a sulphur recovery plant as part of their Fadhili gas program.

Russian Output May Fall Sharply in 2017

Russian oil production may fall by up to 10 million tonnes in 2017 from projected levels for 2015 and 2016, affected by western sanctions that reduce companies' ability to raise funds,

Iran Mulls Refinery Investments Abroad

Iran has started negotiations to buy shares in oil refineries in Europe, Latin America and Asia, the deputy oil minister was quoted as saying by Mehr news agency on Tuesday.

Oman Shipping Names Two New Tankers

Oman Shipping Company (OSC) has performed the naming ceremony for two new product and chemical tankers – the Muscat Silver and Rustaq Silver.   The ceremony took

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