Kuwait Oil Company News

21 Apr 2019

Grandweld Delivers Four Crew Boats to KOC

Pic: Grandweld

Grandweld Shipyards, fully integrated shipyard based in Dubai, has delivered four crew boats to Kuwait Oil Company (KOC).The UAE Grandweld will build six pilot boats in addition to four crew boats for KOC, under the contractual agreement signed in May 2017.Five boats have been delivered and the remaining five will be delivered in June 2019.The newly constructed four boats were specially designed to meet the requirements of KOC, in accordance with Lloyd's Register’s classification rules in order to provide the highest operational efficiency and safety…

25 Dec 2017

Kuwait Signs LNG Import Deal With Shell

Photo: Shell

Kuwait Petroleum Corp. (KPC) has signed a 15-year liquefied natural gas import deal with Royal Dutch Shell Plc to help the oil exporting nation meet growing domestic energy demand. A report in Bloomberg said that the sales purchasing agreement with Shell International Trading Middle East Ltd. will start in 2020. The contract will cover 2 million to 3 million metric tons of LNG a year. The volumes delivered under the contract will be used to fire up KPC’s power stations. A press…

17 Mar 2016

Grandweld Shipbuilding Grows in Middle East

Photo courtesy of Grandweld

United Arab Emirates shipyard Grandweld has secured its position as the number one regional shipyard for the offshore segment, completing construction of a total of 17 vessels over the space of the last year. Latest projects include advanced crew boats, dive maintenance and support vessels, and work crane boats for a who’s who of Middle East energy firms and offshore contractors. Grandweld, which has been operating from its Dubai base since 1984, specializes in vessels custom built to conduct complex operations in the region’s challenging offshore environment.

24 Nov 2015

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 took the newbuild project from conception to completion, designing and building the 50-meter long vessel with a 65-ton bollard pull capability, after signing a contract in December 2013 with -ADNOC. TAWAM1 will be operated by ADNOC’s group company, Abu Dhabi Petroleum Ports Operating Company (IRSHAD). Among its specifications, TAWAM1 is equipped with anchor handling equipment and an offshore lifting crane with a capacity of 35 ton at 7.5-meter reach. This will be utilized to maneuver heavy lift items such as gravity anchors, mooring buoys and SBM hoses.

14 Dec 2014

Tug KOC Shahem Named in Romania

KUWAIT OIL COMPANY NAMES LATEST ASD 3212 TUG IN ROMANIA

On 30 October Kuwait Oil Company (KOC) CEO Mr Hashem Sayed Hashem attended the naming ceremony of the ASD 3212 tug vessel KOC Shahem at Damen Shipyards Galati. The KOC Shahem is the second in a series of 14 tugs that Damen is building for KOC. KOC will use the tugs to assist tankers at near shore loading terminals and at new single point moorings offshore. The two companies have a lasting relationship that spans over 25 years. KOC awarded Damen the contract to design, construct and deliver the series of tugs in September 2012. Damen Shipyards Galati is constructing all the vessels.

11 Dec 2014

KOC Names Tug Newbuild in Romania

Photo: Damen

A naming ceremony for the Kuwait Oil Company’s (KOC) new ASD 3212 tug vessel, KOC Shahem, was held October 30 at Damen Shipyards Galaţi. The KOC Shahem is the second in a series of 14 tugs that Damen is building for KOC to assist tankers at near shore loading terminals and at new single point moorings offshore. The two companies have a lasting relationship that spans over 25 years. KOC awarded Damen the contract to design, construct and deliver the series of tugs in September 2012. Damen Shipyards Galaţi is constructing all the vessels.

18 May 2014

SPE Awards DNV GL For Its Contribution To Asset Integrity

Moss_Daemi, DNV GL's Divisional Director for Middle East, North Africa and India

DNV GL has been recognised by the Society of Petroleum Engineers (SPE) as the organisation that has contributed most to asset integrity in the Middle East at the 2014 SPE Asset Integrity Workshop entitled “Changing the Culture, Raising the Bar” held on 13-14 May in Abu Dhabi. "It is a great honor and a privilege to have been given this SPE award for the best ‘Company Contribution to Asset Integrity in the Middle East’. Asset integrity is in the DNA of DNV GL, and this award is proof of our Middle East team’s dedication to integrity excellence” said Moss Daemi…

16 Apr 2014

Damen Launches Kuwait Oil Company’s New Tug

Photo: Damen

The Kuwait Oil Company’s (KOC) new ASD Tug 3212 was launched end of March at Damen Shipyards Galati, Romania. The ceremony marks the first in a 14-terminal tug contract between the two companies whose working relationship spans more than 25 years. This contract consists of two vessel types, representing what Damen calls its newest and most established tug design. In detail, the contract comprises nine units based on the Damen ASD 3212 model, providing 80t bollard pull, and five examples of the ASD 2810 design, providing 50t bollard pull.

21 Mar 2014

Handling Tug Meets the Sea at Uzmar

Photo: Uzmar

On February 21, 2014, Uzmar Shipyard, also known as “Workboat and Tug Factory” of Turkey, held a launching ceremony for the KOC MUSANED-2, the second of total 6 line handling tugs being built for Kuwait Oil Company’s tug fleet. These 20 m compact boats are reputed to be the smartest tug of its class by the designer Robert Allan Ltd. The ceremony was held in the presence of Sami Al-Sawagh as the KOC Team Leader, Tariq Usmani as the KOC Marine Maintenance and Technical Service Team Leader Advisor and KOC Project Representatives Shamroz Khan and Anatoly Shepilboth are DNV officials for KOC. Capt.

31 Oct 2013

Olivier Named UK Club Chairman

Alan Olivier, the new Chairman and President of the UK P&I Club

Alan Olivier was elected Chairman and President of the UK P&I Club at their board meeting in Bermuda on October 28. He succeeds Dino Caroussis who has retired from the board. Mr. Olivier, 53, Chief Executive Officer of Grindrod Limited, became a Director of the UK Club in 2000 and a Deputy Chairman in 2006. Mr. Caroussis, 61, of Chios Navigation, had been the Club’s Chairman for the past five years, having joined the board in 1996 in the shipping division. He held senior treasury and financial positions before his appointment as chief executive of Unicorn Shipping in 1995.

23 Jul 2013

Grandweld To Build Crane Barges for KOC

Photo: Grandweld

A steel cutting ceremony to signify the commencement of the construction of the first of four new class Crane/Workboats for Kuwait Oil Company (KOC) was held at Grandweld Shipyards in Dubai, United Arab Emirates on July 18, 2013. The contract was signed in February 2013, to design and build a series of four heavy-duty Crane / Workboat class vessels for Kuwait Oil Company. The ceremony was attended by KOC senior management team led by Mr. Hasan Al Bairami, Manager- Marine Operations. Grandweld’s Crane/Workboats are designed to meet the specific needs of KOC.

15 May 2013

Damen Begins 14 Terminal Tugs for Kuwait Oil Co.

The Asymbolickeel-laying ceremony on the April 17, 2013 in Gorinchem, The Netherlands, officially launched the construction phase of 14 Damen ASD Tugs for Kuwait Oil Company (KOC). The series consist of two types, being nine tugs of Damen’s recently launched 3212 model and five units of the 810 design, with 80 and 50 tons of bollard pull respectively. At the festive launching ceremony Damen was host to a delegation of Kuwait Oil Company. The two company-logos were welded together as a palpable symbol for the substantial project and the companies’ longstanding relation. The object will hold a place of honor in Damen’s Romania-based Galati shipyard during the construction period. All 14 units will be build there starting shortly, with deliveries scheduled from 2014 onwards.

28 Feb 2013

Grandweld to Build Four Crane/Workboats for KOC

Photo: Grandweld

Grandweld Shipyards has signed a contract with Kuwait Oil Company to design and build a series of four crane/workboat class vessels. The contract is valued at a total of USD $50 million over the duration of the build. Grandweld’s crane/workboats are designed and built in-house to meet the specific needs of KOC's requirements; these state of the art vessels are designed to undertake tasks such as lifting and moving heavy equipment, oil pollution control, SBM hose handling, FO/FW supply, and other related duties. Each vessel comes with a crane capable of lifting 20 tons at 10 meters radius.

12 Dec 2012

Topaz Signs Contract with Kuwait Oil Company

Renaissance subsidiary, Topaz Marine Engineering (“Topaz”), a UAE-based full service ship building, ship repair and engineering services company, confirms it has been commissioned by the Kuwait Oil Company (“KOC”) to design, build and deliver 10 Fast Steel Crew /Pilot Boats of 22m LOA (“Crew/Pilot Boats”), market estimates believe the contract value to be in the region of US$50 million. With a focus on high technology and latest design, the Crew/Pilot boat will be designed to accommodate 30 crew, with passengers all seated on the main deck and will be provided with first quality equipment.

06 Nov 2012

Wärtsilä Wins Multi-Engine Middle East Contract

Wärtsilä 20 engine.

Wärtsilä, the marine industry's leading solutions and services provider, has been awarded the contract to supply the engines and complete propulsion systems for two newbuild vessel projects. The order includes a total of 28 engines for 14 vessels being built for the Kuwait Oil Company, and represents a major order for Wärtsilä from a Middle East based marine sector customer. The Wärtsilä propulsion solutions will be installed in nine 80 ton Bollard Pull (BP) tugboats, and five 50 ton BP tugboats, being built at the Damen shipyard in Holland.

12 Oct 2012

Damen to Build 14 Terminal Tugs

Damen’s recently launched 3212 model.

Damen and Kuwait Oil Company (KOC) have signed a contract for 14 Damen ASD Tugs. An extensive process of yard prequalification and tender evaluation finally resulted in an award to Damen this summer. The series consist of two types, with 9 tugs of Damen’s recently launched 3212 model and 5 units of the well-known 2810 design, providing 80 respectively 50 tons of bollard pull. While being based on existing Damen designs, these tugs have been extensively tailored to meet KOC’s exacting requirements on layout, systems and performances.

11 Oct 2005

Korean Shipbuilders Buoyed By High Oil Prices

The sky-high price of international oil causing jitters in many sectors of the economy is being met with rather more cheer by Korean shipbuilders. High oil prices have resulted in a surge in orders for crude oil drilling facilities, which are the second-most profitable business for shipbuilders after liquefied natural gas vessels, according to a report on inadaily.com. Sales of oil drilling facilities this year at the top three shipbuilders in Korea - Hyundai Heavy Industries Co., Samsung Heavy Industries Co., and Daewoo Shipbuilding and Marine Engineering Co. - amounted to $4.7 billion as of last month. To put this in context, sales of such products at the three companies ran to just $1.8 billion for the whole of last year.

28 Oct 2005

HHI Capitalizes on Offshore Business

The name Hyundai Heavy Industries (HHI) usually comes up with a name tag of the worlds largest shipbuilder. But the Ulsan-based company is now dreaming of becoming more than just a shipbuilder, as they have found out that selling offshore oil drilling facilities and industrial plants can be lucrative businesses especially with the soaring oil price, according to a report in the Korea Times. Earlier this month, the company won a $1.3-billion contract from Kuwait Oil Company in upgrading their crude oil export facilities by beating a consortium led by Spanish and Italian companies. It was the largest overseas construction deal won by a South Korea company this year, amounting more than 80 percent of the company’s total sales of such products last year.

14 Feb 2012

Technip Wins Saudi, Kuwait Contract

Technip was awarded a contract by Kuwait Gulf Oil Company (KGOC), for the engineering, procurement, construction and commissioning assistance of their Gas and Condensate Export System project. The project is spread over onshore and offshore locations in two countries, Saudi Arabia and Kuwait. The objective of the project is to deliver a combination of lean gas, condensate and sour gas through a single 12” export pipeline from Al Khafji Joint Operations (KJO) facilities in Saudi Arabia to Kuwait Oil Company (KOC) tie-in facility,namely the Intermediate Slug Catcher being constructed under KOC Project No EF/1718 near Al-Ahmadi, Kuwait.

22 Feb 2012

Gulf O&G Tech Collaboration Debated

More than 30 oil and gas organisztions in the Middle East will gather to discuss the opportunities and challenges of collaborating on technology development in the GCC (Gulf Cooperation Council). The event, organised by ITF, the technology facilitator for the global oil and gas industry and  sponsored by Kuwait Oil Company, will take place in Abu Dhabi on Monday February 27. ITF, a membership organization of international oil and gas operator and service companies, is  encouraging companies in the GCC to focus on the need for collaborative oil and gas technology funding and agree commitment to drive forward with a strategy for the region. Neil Poxon, managing director of ITF will outline the benefits of driving new groundbreaking technologies through joint industry projects.

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