shipping | Egypt Oil & Gas - Part 2
Press Release: Egyptian Ministry of Petroleum
The Minister of Petroleum and Mineral Resources, Sherif Ismail, announced that the launching of the new Suez Canal project is a message of hope to the Egyptian people and a gift to the world.
Statoil to Receive Underwater Hull Cleaning for Operations in Middle and Far East
GAC EnvironHull has signed a contract with the international energy company Statoil to provide underwater hull cleaning services for its vessels operating in Scandinavia, the Middle East and the Far East.
Saudi Bahri Buying Hyundai-Made Oil Tankers
National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, has signed a deal to buy five very large crude tankers from ship builders Hyundai Heavy Industries, the Riyadh-listed fir ...
US Oil Futures Steady Despite Iranian Incident
U.S. oil benchmark futures held steady around $57 a barrel before government data forecast to show crude inventories expanded from a record.
Ships Collide in Egypt’s Suez Canal
Two container ships collided in Egypt's Suez Canal early on Saturday, delaying traffic through a vital global trade route for several hours, sources in the canal authority said.
$300 Million Mashreq Storage-Fueling Project Continuing as Scheduled
Mashreq Petroleum Company is set to complete the first phase of its project to store petroleum products and fueling ships within the next two months, company chairman Tarek Abu Bakr said.
