Middle East

OPEC Oil Output Slips in October, Still Close to Two-Year High

OPEC's oil supply in October has fallen by 120,000 barrels per day (bpd) due to lower production in Angola and Nigeria, a Reuters survey found, although recovery

GAC Starts Hull Cleaning Op'ns in Oman

GAC EnvironHull hull cleaning operations using the brush-and-diver-free HullWiper system starting at the port of Sohar, just outside the Gulf of Hormuz. This

Islamic State Claims to Have Seized Gas Field from Syrian Army

Islamic State fighters in Syria claimed on Thursday to have taken control of a gas field in the central province of Homs after battles with government forces. A

Iran Gas Exports to Europe Would Take at Least 5 Years

Iran would take at least five years to start exporting natural gas to the European Union if sanctions were removed, industry experts said on Wednesday. Last month,

DBR Delivers 42 Gensets to Damen

DBR has delivered the last units of an order totaling 42 marine generator sets for Damen Shipyards Gorinchem. The generator sets will be installed on 14 ASD tugs

Qatargas Sells First LNG Cargo to JOVO

  Qatargas sold its first cargo of liquefied natural gas (LNG) to Jovo LNG Storage and Transportation Co., Ltd. (“JOVO”), an independent LNG importer from the People’s Republic of China.

ABB wins UAE Order for Solar Power Grid Integration

 ABB, the leading power and automation technology group, has won an order worth around $55 million from Dubai Electricity & Water Authority (DEWA), the leading

Iran Says OPEC Meeting Unlikely to Lower Output Ceiling

OPEC is unlikely to lower its oil production ceiling when the group meets in November, a senior Iranian oil official said, in comments that reduced the likelihood

Maritime Terrorist Attacks ‘Increasingly Likely’

Shipping in general and oil tankers in particular should increase levels of security to counter the threat of an increasingly likely terrorist attack, maritime security company MAST has warned.

MES Launches Two After-sales Service Companies

Mitsui Engineering & Shipbuilding Co., Ltd., (MES) has established service companies in Doha, Qatar and Ankara, Turkey, to perform after-sales service business,

Saudi SABIC Q3 Profit Falls 4.5 pct

  Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups and the Gulf's largest listed company, reported a 4.5 percent drop in third-quarter net income on Sunday,

Tribesmen Blow Up Yemeni Oil Export Pipeline, Halting Flows

Tribesmen blew up Yemen's main oil export pipeline on Friday, halting crude flows, local officials said, less than a week after it was repaired. Yemen's oil

Islamic State Keeps Up Syrian Oil Flow Despite U.S-led Strikes

U.S.-led strikes hit mobile refineries, not wells Islamic State oil moving in convoys across eastern Syria Washington reluctant to destroy infrastructure,

DP World Receives 1st Scheduled Vessel at New Terminal

  DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.

US Warns of Sanctions on Buyers of Islamic State Oil

The Obama administration on Thursday threatened to slap sanctions on anyone buying oil from Islamic State militants in an effort to disrupt what it said was a $1-million-a-day funding source.

U.S. Threatens to Sanction Buyers of Islamic State Oil

The Obama administration on Thursday threatened to slap sanctions on anyone buying oil from Islamic State militants in an effort to disrupt what it said was a $1 million a day funding source.

BG in Talks to Import Gas to Egypt from Cyprus

BG Egypt, a subsidiary of global energy company BG held talks on Tuesday to import natural gas from Cyprus, the company said on Wednesday. The talks in Nicosia

KOTC Takes Delivery of Product Tanker Mutriba

Classification society ClassNK said it has completed work on the 31,445 GT product tanker Mutriba, built by Hyundai Mipo Dockyard Co., Ltd. (HMD) as part of a series

Iran's Khamenei: Oil Reliance Putting Country at Mercy of Big Powers

Iran's dependence on oil revenue is putting the Islamic Republic's economy at the mercy of major powers, Supreme Leader Ayatollah Ali Khamenei said on Wednesday.

Gulf Craft to Invest $100m in Dubai Shipyard

Company plans to invest $100 million over the next five years in the development of a new shipyard in Dubai Maritime City to build a global luxury yachts manufacturing

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