Al Faris transports 19 vessels for a crude-oil production facility in Abu Dhabi.

Over a period of 3 months, Al Faris has transported 19 various vessels covering a distance of 150 km for a crude-oil production facility in Abu Dhabi. The heavy lift specialist provided its client with a complete solution for loading these vessels from different manufacturer’s locations to Hamriyah and Jebel Ali Port. Then received these …

New oil refinery project in Algeria

Algerian Sonatrach has signed a contract with Tecnicas Reunidas & Samsung Engineering Group for the construction of the Hasse Messaoud oil refinery to be built at Haoud El Hamra. Its processing capacity will be 5 million tonnes per year. The Spanish contractor and the South Korean company will be responsible for executing the engineering, procurement, …

New addition to Roll Group fleet

Roll Group has added another Module Carrier into their fleet. With a length of 146m, a width of 32m and 12,285t deadweight, this vessel is slightly smaller than the current Module Carriers, BigRoll Bering and BigRoll Beaufort, but it has many similarities. The flush cargo deck measures 123.8 x 32.2 m, compared to 125 x …

Al Faris uses Enerpac SBL900 gantry system

One of the leading Middle Eastern heavy lifting company, Al Faris Group, has been recently contracted to provide complete logistics from loading to the transportation of over-sized oil refinery equipment from Jafza Port, Dubai to storage at Dubai World Centre, UAE. This involved 12 axle heavy transport vehicles as well as self-propelled modular transporters (PST/SL-E …

Successful start-up of Egyptian Refinery

Qatar Petroleum has announced the successful start-up of the Egyptian Refining Company (ERC) Refinery project located in Mostorod, north of the Egyptian capital Cairo. Qatar Petroleum owns 38.1% in the Arabian Refinery Company, which in turn owns 66.6% in ERC. All the units of the ERC Refinery are now operating, and are expected to ramp …

Saipem wins two drilling contracts worth over $ 160 million

The Italian oil company Saipem has won two drilling contracts in Romania and the United Arab Emirates for a total value of $ 160 million. The first contract concerns the drilling of a well in Romania’s Black Sea waters. Works will be executed by the semi-submersible rig Scarabeo 9. It will begin during the fourth …

BP sells its oil assets in Egypt

BP has announced the sell of its interests in Gulf of Suez oil concessions in Egypt to Dubai-based Dragon Oil, a wholly-owned subsidiary of the Emirates National Oil Company (ENOC). The deal, which is subject to the Egyptian Ministry of Petroleum and Mineral Resources’ approval, is expected to complete during the second half of 2019 …

Chevron announces agreement to purchase Anadarko

This acquisition for a total value of $ 50 billion (the cost of repurchase + the repurchase of Anadarko's debt) will strengthen the position in shale oil and liquefied natural gas.Thanks to this purchase, Chevron will get its hands on a very important natural gas field in Mozambique, on various oil fields in Algeria as …

Eiffage and Saipem will build a gas terminal for BP

Eiffage Génie Civil Marine, pilot of a consortium with Saipem, has been appointed by BP to perform the EPCI (Engineering, Procurement, Construction and Installation) contract for the Hub/Terminal of the Greater Tortue Ahmeyin Field. This important project, valued at € 350m, consists of the construction of a marine infrastructure, protected by an offshore breakwater. It …

OPEC agrees on lower oil production

OPEC member countries and their allies have agreed to cut oil output by 1.2 million barrels / day. This arrangement comes as oil prices have fallen by -30% in the last two months. Two-thirds of the decline, or nearly 1% of world production, will come from the 14 member countries of the Organization. Photo: HE …