Middle East

Mediterranean Rescue Operations Strain Shipping

  The Wall Street Journal ran a story yesterday describing how the increasing number of seaborne migrants making the journey from Africa to Europe has not only

Turkey Maritime Sector Alive & Kicking

Located on the periphery of two great continents, Turkey has benefitted from being in a favored position right at the center of an assertive and fast growing economic area.

Port of Aden Under Threat with Enemy at the Gates

As Saudi Arabia and its Arab allies stage air strikes against Shi'ite Muslim militiamen threatening to topple Yemeni President Abd-Rabbu Mansour Hadi, the southern

Libya's Oil Output at 622,000 BPD

Libya has managed to boost oil production to around 622,000 barrels per day (bpd), a report from the state-run National Oil Corp of Libya (NOC) said.   The eastern

US Will Work to Ensure Bab-el-Mandeb Strait Remains Open

The U.S. military will work with Gulf and European partners to ensure the strategic Bab el-Mandeb Strait at the tip of the Red Sea remains open to commerce despite fighting and instability in Yemen,

Oil Prices Surge after Saudi Air Strikes in Yemen

Brent crude surged by as more than 5 percent on Thursday after Saudi Arabia and its Gulf Arab allies began air strikes in Yemen, before paring gains by almost half to trade back near $58 a barrel.

Kemp: Yemen Fuels Short-Covering Rally in Oil

Air strikes by Saudi Arabia and its allies in Yemen have sparked a modest rise in oil prices of $3 per barrel, even though Yemen plays a marginal role in the global oil market.

EU Set to Re-impose Sanctions on More Iranian Shipping Companies

The European Union is set to put 40 Iranian shipping firms back on a list of sanctioned groups in a blow to the Islamic Republic's transport sector which has sought an easing of trade restrictions,

Brent Crude Turns Lower on Fears of Oversupply

Brent crude oil prices slipped towards $55 in the last hour of trading after an announcement from Saudi Arabia that its daily oil production neared record highs outweighed a weakened dollar.

IR Class Launches Advisory Committee

IRClass (Indian Register of Shipping) has established a senior level advisory committee in the United Arab Emirates in an effort to increase activity and foster business links in the region.

Saudi Looking Beyond Oil Price Slump as Rig Count Spikes

As the global energy industry stares transfixed at a spectacular drop in U.S. rigs, Saudi Arabia is ramping up the number of machines drilling for oil and gas despite

Record Rig Berthing at Drydocks World

Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors, have simultaneously berthed 11 rigs in the Dubai yard,

Oil Falls to $54 as Kuwait Forces Refocus on Oversupply

Brent crude oil fell back towards $54 a barrel on Thursday after Kuwait said OPEC had no choice but to keep production steady, refocusing the market on global oversupply.

Koc Holding Signs Loan Deal for up to $248m

Turkish conglomerate Koc Holding said on Wednesday its energy unit Enerji Yatirimlari signed a loan deal with two banks worth up to 650 million lira ($248 million).

MES Wins Order for 18 Reciprocating Compressors

Eighteen units of reciprocating compressors to be supplied to Aegean Refinery Project in Turkey for STAR Aegen Refinery   Mitsui Engineering & Shipbuilding Co.

First Emirati Port Operations Team in Abu Dhabi

UAE Nationals now trained to carry out full circle of port operations    Increasing the number of UAE Nationals in the workforce is a core pillar of the Abu Dhabi

Eni Signs Heads of Agreement with Egypt Worth $5 bln

  Italian oil major Eni signed heads of agreement with the Egypt worth $5 billion over 4-5 years, the oil minister and the company said on Saturday at a weekend

BP Inks $12 Bln Energy Deal in Egypt

  British oil company BP (BP.L) finalised on Saturday a $12 billion deal with Egypt to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates in the West Nile Delta.

Drydocks World Chief in Top 50 Maritime Greats' List

  Khamis Juma Buamim, Chairman Drydocks World & Maritime world has been recognized by Tanker Shipping & Trade as being among the top 50 most influential people

Eni CEO: Libya Production Operationally OK

The head of Italian oil and gas group Eni said on Friday the group's production in Libya was going well at the moment.   "Operationally the situation is OK,"

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