May 3rd, 20190Following a joint study conducted in 2016 and the signing of a memorandum of understanding in January, Italian oil and gas company Eni has signed an exploration and production-sharing agreement (EPSA) with the National Oil and Gas Authority of Bahrain (NOGA) for Block 1, offshore Bahrain. The signing took place in the presence of Sheik...
May 31st, 20180Bahrain-based Kanoo Shipping, a major regional shipping services provider in the Middle East, has entered into an agreement to acquire Wallem South Africa, a unit of Hong Kong’s Wallem Group. Wallem South Africa provides a series of maritime solutions, including shipmanagement and ship agency. It will be renamed Kanoo Africa...
April 3rd, 20180Bahrain has announced the discovery of its biggest oil field since it started producing crude in 1932. The shale oil and natural gas discovered in a deposit off the country’s west coast “is understood to dwarf Bahrain’s current reserves,” Bahrain News Agency (BNA) reported. “Initial analysis demonstrates the find is at...
September 7th, 20160Bahrain has blacklisted Dubai-based shipping company Sea Links Shipping after it abandoned the general cargo vessel, Sea Lord, and 11 crew for almost six months without paying the sailors their wages, according to the Bahrain Ports and Maritime Authority. The Sea Lord was left three nautical miles off Khalifa Bin Salman Port. It...
August 16th, 20160Bahrain shipyard Arab Ship Repair Yard (ASRY) appointed Magdy Mustafa as acting chief executive, after the current chief executive Nils Kristian Berge has announced his resignation to move back to Norway for family reasons. Mustafa, who has been with ASRY since 1978, takes up the new post at the start of next month. “Mustafa is...
April 4th, 20160Rem Offshore has received a contract termination from Bahrain-based Adams Offshore for its multi-support and construction vessel (CSV) Rem Poseidon (built 2009). The contract was cancelled "due to non-fulfillment of charterers' obligation", the Oslo-listed company said in a filing today. No further explanation was given. The...
December 2nd, 20150A consortium led by Teekay LNG Partners, Samsung C&T and Gulf Investment Corporation (GIC) today signed project agreements with the Bahraini government to develop an LNG receiving and regasification terminal in the country. The import terminal will have throughput capacity of 800m cubic feet per day and will be owned and operated...
November 10th, 20150APM Terminals (APMT) and its local partner YBA Kanoo Holdings are planning an initial public offering (IPO) of Bahrain's Khalifa Bin Salman Port, which they co-own, in early 2016. Shares equivalent to a 20% equity stake in the port will be offered on the Bahrain Stock Exchange next year, said Peder Sondegaard, CEO of APMT's Africa and...
May 5th, 20151Dubai: A total of 16 crewmembers – 14 Indian and two from Myanmar – finally left Bahrain overnight after a five month ordeal which has attracted the wrath of the International Transport Workers' Federation (ITF). The crew were working on the Mongolia-flagged Surya Kuber when it was detained in the Middle East nation in December over...
April 8th, 20150London: A crew of 16 seafarers could be about to go home after being stranded onboard an impounded oil tanker in Bahrain for over five months. The vessel was detained after its unknown Singapore-based management company racked up $300,000 in debt, reports say. AIS data shows that the vessel in question looks likely to be the...
