June 24th, 20190Egyptian drilling service provider ADES has been awarded a new contract by an Egyptian energy company for the deployment of its jackup rig through a tender. The contract is for a period of one-year initially, and has an option to extend for another year at the same rates. “Award of a new contract with a leading Egyptian energy...
January 29th, 20190UAE-headquartered offshore driller Shelf Drilling has been awarded a contract by Belayim Petroleum Company (Petrobel) for jackup rig . The contract, which is for one year and includes additional options, will see the 1982-built rig operating in the Gulf of Suez, offshore Egypt. The planned start-up of operations is in the first...
December 21st, 20184Italian contractor Saipem has negotiated with Petrobel an offshore contract addendum worth more than $1.2bn for engineering, procurement, construction and installation activities in relation to the 'Ramp Up to Plateau' phase of the Zohr field development project situated in the Mediterranean Sea off the Egyptian coast. Petrobel is a...
December 14th, 20180Egyptian offshore driller ADES International has successfully renewed a contract for 1980-built jackup rig . Operating in Saudi Arabia, the renewal is for seven years commencing in the first quarter of 2019 when the current contract expires. ADES says the deal is worth around $150m, in line with the day rate on the existing...
October 16th, 20180Höegh LNG and Egypt Natural Gas Holdings (Egas) have agreed to amend the time charter for , so the vessel can be chartered as an LNG carrier to a third party. Egas has agreed to compensate for the rate difference between the original FSRU contract and the new LNG carrier time charter. The time charter is scheduled to commence this...
July 17th, 20181An engine failure on the 5,086 teu on Sunday sparked a dramatic five- vessel pile up on the Suez Canal, with three ships suffering serious prangs. The accident happened when the Aeneas lost propulsion while on a southern bound convoy. Three bulkers – Panamax Alexander, Sakizaya Kalon and Osios David - behind the boxship collided in...
July 14th, 20180A two-month old suezmax, owned by Alafouzos family company Okeanis Eco Tankers, has damaged its hull while transiting the Suez Canal. The Japanese-built , laden with 147,441 MT of fuel oil, scraped the bottom of the canal while under pilotage during a southbound transit yesterday afternoon. There were no injuries to the 23 crew...
April 19th, 20180Egypt has decided to keep its ports running for 24 hours a day, up from 16 currently, to cut “long waiting times”, transportation minister Hesham Arafat revealed yesterday. Grain traders over the last year have added significant price hikes on shipments headed to Egypt, the world’s largest wheat buyer, in part because of soaring...
January 18th, 20180Mitsui OSK Lines (MOL) is in trouble in Egypt where 11-month old fully laden ethane carrier grounded and collided into a ferry berth off Port Said.
Splash has obtained a video of the very large ethane carrier ploughing into a passenger dock on Monday.
The ship was carrying a full cargo of ethane from the US to India for Reliance...
November 16th, 20170US offshore driller Vantage Drilling International and UK drilling and production firm ADES International Holding have formed a joint venture to provide deepwater drilling services offshore Egypt. The joint venture company will capitalize on Vantage’s fleet and ADES International’s experience in Egypt’s Mediterranean basin....
