Middle East
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Egypt emerges as new hub for Russian oil transfers
A new hub is emerging for ship-to-ship (STS) transfers of Russian oil. In the shadow tanker game of whac-a-mole where…
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Shipping on alert as Israel’s war with Hamas enters fourth day
The war that has broken out between Israel and Hamas has shuttered one port 10 km north of the border…
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Maersk presses ahead with Egyptian green methanol project
Maersk’s new green methanol-producing subsidiary C2X has inked a framework agreement worth up to $3bn with the Egyptian government to…
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DP World joins forces with Indian batting legend Sachin Tendulkar in bid to make cricket more global
Today marks the start of the Cricket World Cup in India, one of the largest sporting occasions across the globe,…
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Saipem bags $4.1bn Hail and Ghasha EPC deal from ADNOC
Italian energy services contractor Saipem, in consortium with National Petroleum Construction Company, has won a contract from ADNOC for work…
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Gulf Navigation makes bid to take over Brooge Energy
Dubai-based maritime and shipping company Gulf Navigation (GulfNav) has submitted a formal proposal to fully acquire all businesses and assets…
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Transworld completes Shreyas privatisation process
Dubai-based Transworld Holdings has managed to privatise subsidiary Shreyas Shipping, taking it off two stock exchanges in India. Transworld said…
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Shelf Drilling scores Nigerian double
Oslo-listed jackup rig operator Shelf Drilling has won contracts for two units offshore Nigeria. The 1981-built and 2014-upgraded Adriatic I…
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Shelf Drilling jackup gets more work in UK North Sea
Shelf Drilling has secured more work from CNOOC Petroleum Europe for its Shelf Drilling Fortress jackup in the UK North…
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Saudi Aramco makes LNG moves
Saudi Aramco, the world’s largest oil company with a market value of over $2trn, has made its first international investment…
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Dubai remains Russian shadow tanker hotbed
Dubai is the operating nexus for so-called shadow Russian crude oil shipments, according to a new report from the Centre…
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QatarEnergy signs $3.9bn deal for 17 LNG newbuilds in South Korea
Middle Eastern liquefied natural gas producer QatarEnergy has kicked off the second phase of its massive shipbuilding program by signing…
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Shelf Drilling raises fresh funds to refinance existing debt
Oslo-listed jackup rig pure-play Shelf Drilling has raised fresh capital via a private placement of new shares to repay debt…
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TotalEnergies exercises option on Vantage drillship
Vantage Drilling has seen a second priced option exercised on its drillship working offshore West Africa. TotalEnergies has opted to…
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Abu Dhabi firms explore ammonia shipping
Fertiglobe, the partnership between ADNOC and OCI Global, the world’s largest seaborne exporter of urea and ammonia combined, the largest…
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Iran seizes two vessels in oil smuggling probe
Iranian forces have detained two ships in the Persian Gulf and arrested their crew for allegedly carrying smuggled oil. The…
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US and EU back new transport corridor linking India with Europe
One of the key outcomes from the weekend’s G20 summit in New Delhi was the signing of a memorandum of…
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Biden heads to G20 in New Delhi ready to counter Xi’s Belt and Road Initiative
Shipping from India to Europe via the Middle East could be in for the greatest shake-up for generations if president…
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Dubai’s Teodor Shipping sells its only VLCC
Sales registers show that Dubai-based Teodor Shipping has sold its only VLCC shortly after buying it. The 17-year-old Vatika has already…
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ADES readies Saudi IPO
Oil and gas driller ADES International has announced plans to proceed with an initial public offering (IPO) on the Saudi…
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