Italy’s Saipem has been awarded two engineering, procurement, installation and construction contracts by Saudi Aramco, worth around $1,3bn, and part of a long-term agreement for offshore activities in Saudi Arabia, renewed in 2015 and in force until 2021. A statement from the Italian contractor...
https://splash247.com/saipem-awarded-1-3bn-worth-of-offshore-contracts-by-saudi-armanco/
The Chief Executive Officer of Bahri, Abdullah Aldubaikhi, has been appointed to the Board of Directors of ITOPF, the world’s largest ship owner organisation providing objective advice on effective response to spills of oil, chemicals and other substances in the marine environment. Aldubaikhi will represent the Middle East and North Africa region within the not-for-profit organisation.
ITOPF’s main aim is to improve the preparedness and response of shipping companies to spills of cargo and/or...
https://www.themaritimestandard.com/bahri-ceo-joins-itopf-board/
Output cuts in oil-rich Alberta and Saudi Arabia result to leaving heavy-crude refiners from the Gulf of Mexico to Asia in a challenging position. The Saudis are expected to mostly focus on paring output of heavy crude as they lead efforts to rebalance the global market, according to Bloomberg. Although curtailments in Canada have driven local prices at a record in almost a decade, others as Arab Heavy and Heavy Louisiana Sweet are also gaining a powerful position.
John Auers, executive vice...
https://safety4sea.com/saudi-and-canadian-cuts-result-to-higher-heavy-crude-demand/
Russia is slowly decreasing its oil production following the OPEC+ deal and is on track to reach approximately the fifth of the way towards its pledged cut on January, according to Bloomberg. Russian data reveal that the nation’s output has already decreased by more than 30.000 barrels per day, similar to October’s levels, as reported by Alexander Novak, Energy Minister.
He continued stating that
The companies have said they can decrease total production by 50,000 barrels per day in January.
In...
https://safety4sea.com/russia-gradually-cuts-oil-output-in-line-with-opec-deal/
In the past, Maersk and IBM experienced problems concerning their blockchain project, TradeLens. Yet, both companies seem to have...
https://safety4sea.com/tradelens-supports-saudi-blockchain-pilot/
Egyptian 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...
https://splash247.com/ades-secures-seven-year-jackup-extension-in-saudi-arabia/
The Ministry of Finance of the United Arab Emirates (UAE) and Abu Dhabi Department of Finance have signed a deal for financing the second stage of the Etihad Rail national rail network, the state-run news agency WAM reported Tuesday (Nov. 27).
The second stage of the Etihad Rail national rail network will extend 605 km from Ghuweifat on the border with Saudi Arabia to Fujairah on the east coast, to be followed by future route additions, the report said.
The volume of goods transported by the rail...
Saudi Arabia’s Yanbu port recently worked the Jin Tai Feng, a bulk carrier loaded with more than 82,000 tons of corn. At 235 m in length, and with a draft of 13.5m, it is the largest ship the port has ever received and follows significant investment in the port to cater for bigger vessels.
Yanbu is one of the fastest growing ports in Saudi Arabia at the present time. Over the first 10 months of 2018, Yanbu Commercial Port handled a total of 3.33 million tons of cargo, up from 2.3 million tons in...
U.S. Maritime Advisory 2018-014 informs of a continued GPS interference by vessels and aircraft operating in the Eastern Mediterranean Sea. This kind of interference is causing the alternation of GPS signals and in general affects the navigation and communication of vessels.
U.S. Maritime Advisory 2018-014 focuses on the continuous GPS interference that is reported by vessels and aircraft. This interference is mostly reported near Port Said, Egypt, the Suez Canal, and near Cyprus.
Similar...
https://safety4sea.com/gps-interference-reported-in-mediterranean-and-red-seas/
Indian Register of Shipping (IRClass), the fast-growing international classification society, has announced it is to further expand its operations into the Middle East and Africa (MEA) region. The organisation plans to open new offices in Saudi Arabia, Qatar, Egypt, Lebanon and Nigeria over the coming months.
The expansion is designed to cater for the needs of the growing number of IRS customers within this region and establish closer connections with flag administrations, ship owners, shipyards...