November 6th, 20190Doha-based dry bulk operator S’hail Shipping is going to acquire another two ships as it continues to expand its fleet. Mohamed Khalifa Al Sada, S’hail Shipping's chairman and managing director told Qatari media The Peninsula that the company will acquire additional two vessel by early next year to expand the fleet to nine...
October 14th, 20190It’s not just South Korea’s shipbuilders who are bidding to profit from Qatar’s latest mega expansion of its LNG supply chains; many of the east Asian nation’s top shipping lines are vying for business too. Yonhap, South Korea’s top newswire, is reporting that an alliance of Korea Line, Pan Ocean, SK Shipping, Hyundai LNG...
October 8th, 20190New York-listed shipowner International Seaways (INSW) has sold its 49.9% stake in its joint venture with Qatar Gas Transport Company (Nakilat) for $123m in cash. The joint venture, which is now 100% owned by Nakilat, owns Q-Flex LNG carriers Al Gattara, Al Gharrafa, Al Hamla and Tembek. The four vessels are valued at a total of...
September 19th, 20190Qatar Petroleum’s Wave LNG Solutions (QP) and Shell Gas & Power Developments have entered into a partnership aimed at accelerating the development of LNG fuelling infrastructure around the world. Under the agreement, the joint venture between the two companies will invest in LNG marine fuelling, bunkering vessels and other...
August 23rd, 20190Qatari bulker owner S’hail Shipping has added the third panamax bulker to its fleet this year, after acquiring a 2004-built panamax bulker from Greek owner Avin International. According to shipbroking sources, S’hail Shipping bought the 76,500 dwt Tsuneishi-built bulker Vamos for a price of $9m. MSI values the vessel at...
August 16th, 20190John Fredriksen's Seadrill Limited has formed a joint venture with Gulf Drilling International (GDI), following the award of a contract to GDI in May by Qatar Petroleum. The 50:50 joint venture, named GulfDrill, will manage and operate five jackup rigs in Qatar with Qatar Petroleum from 2020. The five contracts have...
July 30th, 20190Qatar Petroleum has entered into an agreement with Total for a 40% share of Total’s interest in two blocks offshore Guyana. Qatar Petroleum is buying into the Orinduik block, operated by Tullow Oil and the neighboring Kanuku block, operated by Repsol. Saad Sherida Al-Kaabi, the minister of state for energy affairs and president...
July 29th, 20190Japan Drilling Company jackup rig pair Hakuryu 10 and Hakuryu 12 have both been awarded one-year extensions by North Oil Company. The jackups are operating off Qatar at the Al-Shaheen Oil Field. The extensions take the Hakuryu 12 contract through to September 2019 and Hakuryu 10 contract through to February 2020. Both contracts...
July 24th, 20190Qatar Petroleum has reached a deal to acquire a 25% interesting in three exploration blocks off Kenya. The agreement, which is subject to approvals by the government of Kenya, is for the L11A, L11B and L12 blocks in the Lamu basin east of Kenya. Operator Eni will have a stake of 41.25% and Total 33.75% after the deal is...
July 12th, 20190Houston-headquartered McDermott International has been awarded a contract by Qatar Petroleum for front-end engineering and design work for offshore wellhead platforms, pipelines and cables at the North Field Expansion project. The project scope includes the design of four offshore trunk lines with intra-field pipelines, eight wellhead...
