Middle East
-
Indonesia seizes two tankers conducting Iranian oil transfer
Indonesia’s coast guard arrested the Iranian-flagged Horse and the Panamanian-flagged Freya tankers on Sunday over suspected illegal fuel transfers. The…
Read More » -
Mubadala Petroleum acquires stake in Egyptian offshore block
UAE-based Mubadala Petroleum has entered into a concession agreement with the Egyptian government for oil and gas exploration in Block…
Read More » -
Shelf Drilling jackup pair get early termination from ADNOC
Dubai-headquartered offshore driller Shell Drilling has been given notification of early termination for jackup rig pair High Island VII and…
Read More » -
US imposes further sanctions on Iranian shipping entities
The US State Department has added seven entities and two individuals, including subsidiary of the Islamic Republic of Iran Shipping…
Read More » -
Lamprell announces reorganisation designed to spur renewables growth
UAE offshore fabrication engineering group Lamprell has announced a strategic reorganisation of its business to increase its focus on renewables…
Read More » -
Interpol seeks captain and owner of the ship linked to Beirut port blast
Interpol has issued red notices for the captain and owner of the ship that carried the ammonia nitrate which obliterated…
Read More » -
Shuaa Capital rescues Stanford Marine
UAE-based asset management and investment banking firm Shuaa Capital has completed a debt buyout of Stanford Marine Group’s AED1.13bn ($308…
Read More » -
GMS secures new long-term contract
UAE-based liftboat specialist GMS has been awarded a long-term contract with an NOC client in the MENA region for the…
Read More » -
Investment firm controlled by Peter Georgiopoulos and Leonidas Vrondissi to acquire UACC
United Overseas Group (UOG), an investment firm controlled by Peter Georgiopoulos and Leonidas Vrondissi, is acquiring Dubai-based United Arab Chemical…
Read More » -
Middle East shipping patterns change as Qatari standoff ends
Middle Eastern shipping patterns are set for change once again with news yesterday that the three-year diplomatic standoff between Qatar…
Read More » -
IRISL hit by further US sanctions
The United States has blacklisted 17 companies and one individual in connection with Iran’s metals industry in the latest round…
Read More » -
Korean naval forces arrive as tanker shipping faces up to the threat of more Iranian seizures
Korean naval forces have arrived near the Strait of Hormuz as dialogue gets underway to free the and its 20…
Read More » -
Egypt inks oil and gas exploration agreements worth $1.4bn
Egypt’s Ministry of Petroleum and Mineral Resources has signed a series of new petroleum agreements for oil and gas exploration…
Read More » -
Korean tanker seized by Iranian forces
The South Korean-flagged handysize tanker was seized on Monday morning by Iranian forces while it transited the Strait of Hormuz.…
Read More » -
ZIM issues prospectus ahead of New York listing
Israeli carrier ZIM, which has been privately held since 2004, has filed a prospectus ahead of an initial public offering…
Read More » -
Iraqis defuse mine on Dynacom suezmax
Bomb defusal experts successfully removed an explosive device stuck to the hull of a tanker near the Iraqi port of…
Read More » -
Egyptian grains giant to develop own fleet
The Egyptian government has given the go-ahead for state-run grains buyer, the General Authority for Supply Commodities (GASC) to co-found…
Read More » -
Daewoo E&C secures $2.6bn port construction deal in Iraq
South Korea’s Daewoo Engineering & Construction has signed a deal to build the first phase of the Faw commercial port…
Read More » -
Gulf Marine Services awarded new contract extensions as debt talks continue
UAE-based lifeboat owner Gulf Marine Services has been awarded two contract extensions for two K-Class vessels totalling 13 months. The…
Read More » -
Polarcus awarded 3D project in Asia Pacific
Dubai-based offshore survey firm Polarcus has received a letter of award for providing 3D seismic data acquisition services in Asia…
Read More »