Middle East

Sanmar to Build 6 Terminal Tugs for Svitzer

Svitzer has signed a contract with Turkish shipbuilder Sanmar Shipyard for the construction of six newbuild terminal tug vessels, the first of which is scheduled for delivery in Q4 2016.

Total, Aramco Mull Saudi Petrochemical Expansion

France's Total and state oil firm Saudi Aramco remain interested in expanding petrochemical production at their joint refining project in Saudi Arabia, Satorp,

Oil Steady on IEA, U.S. Output Forecast

IEA sees world oversupply lasting through 2016; U.S. crude inventories rising. Brent crude oil steadied near $50 a barrel on Tuesday after the west's energy

Iran Exporting via UAE Ahead of Sanctions Relief

Iran's fuel oil exports flow more easily. Iran has boosted exports of fuel oil through U.S.-ally the United Arab Emirates and also almost doubled its imports of gasoline,

Saudis Sending Crude to Poland

Russia's Sechin says Saudis are "actively dumping" and Poland has received at least 3 Saudi cargos. Saudi Arabia has started supplying crude oil to Poland, the

DP World Leading M.E. Investor - MEIRS Awards

  Global marine terminal operator DP World has collected an impressive four awards including the Grand Prix of ‘Leading Corporate for Investor Relations in the

Oil Up on Kuwait Minister Remarks

Both crude oil benchmarks trade close to $50 a barrel. Kuwait oil minister tells Reuters he sees prices rising. Oil prices rose on Monday after Kuwait's oil

Saudis Warn Russia on Syria Actions

Russia's military intervention in Syria will have dangerous consequences, escalate the war there and inspire militants from around the world to participate, Saudi

Egypt to Buy 55 LNG Liftings

Egypt's state gas board EGAS said on Monday it is to buy 55 cargoes of liquefied natural gas (LNG), 10 more than originally planned, via a tender it has awarded

Saudi, Norway Sovereign Funds shedding European Shares

The three biggest sovereign wealth funds of oil-producing countries have been selling European equity holdings since May, a study showed on Monday, another sign

OPEC Sees Higher Demand for its 2016 Output

OPEC Joins IEA in saying non-OPEC supply to fall in 2016. OPEC forecast on Monday that demand for its oil in 2016 would be much higher than previously thought

Oil Market Needs Anchor: Saudi Adviser

The lack of a clear leader or "anchor" in the global oil market is fueling uncertainty and leading to sharp swings in crude prices, but this uncertainty is unlikely to continue for long,

Delek Buys $66 mln Stake in Ithaca Energy

The investment arm of Israeli gas firm Delek Group has acquired a near 20 percent stake in North-Sea focused oil producer Ithaca Energy for $66 million, the companies said on Friday.

Oil Set for Best Week Since 2009

Brent set to rise 12 pct this week; PIRA forecasts oil at $70 at end-2016. Oil extended gains on Friday and was set for its biggest weekly rise in over six years after U.

Noble Hires Trafigura Oil Trader as Middle East Deputy

Noble Group Ltd said Thursday it had hired Wael Amer, a former Trafigura senior oil trader, as deputy head of the Middle East, North Africa and East Africa, as

Oil Up, Shrugs Off U.S. Stockpile

Crude oil futures rose in early Asian trade on Thursday, shrugging off a surprise build in U.S. inventories as some Chinese traders returned following a weeklong National Day holiday period.

MacGregor Wins Deck Machinery Order in China

  MacGregor, part of Cargotec, has signed contracts with Chinese shipyard Guangzhou Shunhai Shipyard Ltd to deliver anchor handling/towing winch packages for five

Abu Dhabi Ports Achieve Pilot Certification

Khalifa Port and Zayed Port become first commercial ports in Middle East to achieve certification for marine pilots; Abu Dhabi Ports Marine Services gets I.S.P.

Two RAscal 1500 Tugs Delivered

  Sanmar Shipyard of Turkey has recently completed two RAscal 1500 tugs for Jordanian owners. The tugs are now delivering marine services to the FSRU berthing

IHC Services Secures Dredger Repair Contract

IHC Services, a subsidiary of Dutch shipbuilder and repairer Royal IHC, informs it has secured an order for a renovation project for a dredging vessel owned by Huta Marine Works Ltd in Saudi Arabia.

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