Middle East

Libyan State Oil Firm NOC Will Remain Independent

Libya's Tripoli-based state firm National Oil Corp (NOC) will remain independent, it said on Thursday, in an apparent attempt to reassure foreign oil buyers it will stay out of the country's conflict.

Jackup Rig Delivered to Abu Dhabi’s NDC

Lamprell delivers its 11th Super 116E jackup drilling unit Lamprell has completed the construction of jackup drilling rig, the Shuwehat, and has delivered the

Program Underway to Train Iraqi O&G Workforce

Shell and OPITO commit to the safety of 15,000 from the Iraqi workforce with New Training Centre and Standards. Up to 15,000 Iraqi oil and gas workers will be

Libyan Rival Force Says Will Continue Offensive to Take Oil Ports

A Libyan force allied to a non-recognized parliament in Tripoli will continue a military offensive to take eastern oil ports but will not damage the facilities, its spokesman said on Tuesday.

Captain, Officer of Containership Detained after Deadly Collision

The captain and first officer of a Kuwaiti container ship have been detained for four days after their ship collided with a fishing vessel in the Red Sea, killing 13 Egyptians,

Containership, Fishing Boat Collide; 13 Dead

Egypt has ordered an investigation into an accident in which a Kuwaiti container ship and a fishing vessel collided in the Red Sea in an incident that killed 13 Egyptians.

More Air Strikes Near Eastern Libyan Oil Port

Libya's recognized government conducted air strikes against rival government forces trying to seize major oil ports in the east and targets in the west on Monday,

US Shale Oil - The Big Question

The US oil production surge, more crude returning to the market from Iraq and Libya, slowing Chinese demand & a lack-lustre European economic recovery, all followed

UASC to Open Agency in Switzerland

United Arab Shipping Company (UASC), a leading global shipping company based in the Middle East has announced that it will open a wholly-owned representation in

Nordic Prince On-hire in Israel for Noble Energy

Nordic Maritime’s MKIII subsea service vessel, Mokul Nordic, has been renamed Nordic Prince and has started a long term charter for Noble Energy after arriving in Haifa, Israel.

KOC Names Tug Newbuild in Romania

Second of 14 tugs on order for the Kuwait Oil Company at Damen Shipyards Galaţi   A naming ceremony for the Kuwait Oil Company’s (KOC) new ASD 3212 tug vessel,

Damen Building 2 Vessels for Sharjah Ports

Sharjah Ports Authority and Damen Shipyards celebrate keel laying of two new vessels   Sharjah Ports Authority and Damen Shipyards officially celebrated the keel

Obama Administration: Cheap Oil Helping US Economy

The Obama administration said on Thursday that falling oil prices are helping the U.S. economy and are unlikely to lead to a reduction in production at the country's shale oil fields.

Med Crude-Urals at Lowest Since September

Urals, Russia's main export crude grade fell to the lowest price differential since September on Wednesday as physical cargoes struggle to find buyers in many markets even as future prices collapse.

RWE Dea to Expand in Egypt

  RWE Dea doubled its oil and gas production in Egypt and drawn up expansion plans. North Africa is a strategic core region for Dea. The company is one of the

Unique System & HYPACK's Hydrographic Course in UAE

  A division of the Unique Maritime Group (UMG) which is one of the world’s leading integrated turnkey subsea and offshore solution providers, Unique System FZE in conjunction with HYPACK Inc.

Kemp: News of OPEC's Demise Has Been Much Exaggerated

The Organization of the Petroleum Exporting Countries (OPEC) last week made no change to its production target despite a 40 percent slide in oil prices over just five months,

NAVCENT Commander Recognizes Journey of Hope Sailors

Commander, U.S. Naval Forces Central Command, U.S. 5th Fleet, Combined Maritime Forces, Vice Adm. John. W. Miller, recognized the accomplishments of three special-needs sailors from the Kuwaiti ship,

IBAC Executive Training Participants Visit Sanmar

IBAC, which provides training to participants on international business awareness and ethical principles in the context of international business, was held for the 15th time this year.

Is Anyone Home to Take the Call on OPEC?

When OPEC meets this week the energy industry will collectively hold its breath. Tumbling crude prices have rattled producers and investors around the world. With near-term demand flagging,

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