A merger between Saipem and Subsea 7 “would create a truly global oilfield service giant with over $12.4 billion in revenue,” said Audun Martinsen, head of oilfield service research at Rystad Energy
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Cairo - Libyan state oil firm NOC said on Tuesday it had been unable to pay salaries in September at a fuel distribution unit in the east where authorities have set up a parallel board.
Cairo - Egypt’s President Abdel Fattah al-Sisi appointed Lieutenant General Osama Rabie as chairman of the Suez Canal Authority, the presidency said in a statement on Saturday.
Rabat - The city, to be called Tanger Tech Mohammed VI, aims to support 100,000 jobs and house 300,000 people, and the first development phase has already been achieved with industrial investors expected to receive the first plots later this year.
Hamburg - German transportation company Hapag-Lloyd has expanded its African liner services to offer its MIAX (Middle East-India-Africa Express) service starting in October 2019
Genova - Eastern Ligurian Sea Port Authority (AdSP) and the Agence Nationale des Ports of Morocco have signed an agreement to start a project between the port of La Spezia and the port of Casablanca for the implementation of a logistics corridor
Benghazi - The U.N. refugee agency is calling for an immediate end to bringing migrants trying to cross the Mediterranean back to Libya after an airstrike hit a detention center, killing at least 40 people. UNHCR had warned less than two months ago that anyone inside the Tajoura detention center was at risk
Tangier - Already the biggest port in Africa with an annual volume of 3.5 million twenty-foot equivalent units (TEU) in 2018, Tanger Med will add six million in capacity after its extension worth 1.3 billion euros making it the largest in terms of container capacity in the Mediterranean.
Ras Banas - 31 crew of Suezmax crude oil tanker “Sea Shark” called Russian News Agency TASS and asked for help, describing their dramatic situation. Owned by UAE-based company tanker loaded a shipment of crude oil at Kharg Island Oil Terminal, Iran, and sailed to Suez in late Oct 2018, where tanker stopped
Cairo - Egypt on Friday formally received a third submarine of the fourit has been promised, as part of a deal with Germany that has caused considerable controversy in Israel. A ceremony held at the shipyards of shipbuilding company Thyssenkrupp in the city of Kiel was attended
Tripoli - An armed group tried to attack Libya’s El Sharara oilfield, the country’s biggest, but there was no impact on production from the incident, a field engineer said on Monday.
Algiers - Five Algerian billionaires,some of them close to former president Abdelaziz Bouteflika who quit over mass protests, have been arrested as part of an anti-graft investigation, Algerian state TV said on Monday. The five are Issad Rebrab, considered the richest businessman in the energy-rich north African nation
Rabat - About 10,000 teachers staged a new protest in the Moroccan capital Rabat on Sunday to demand permanent jobs, hours after police had used water cannon to disperse an overnight demonstration.
Algiers - Judges take stand against Bouteflika. Clerics reject state interference.
Algiers - Algerian authorities on Saturday ordered an early start to the spring university holiday, an apparent attempt to weaken two weeks of student-led protests against President Abdelaziz Bouteflika.
Sisah - Texas-based security firm Guidry Group confirmed to Reuters it planned to sign a 35-year deal to build and operate the project in a region once occupied by the ancient Greeks, before handing it back to the local authority.
Genova - A crew hostage of the ship, a ferry flying the flag of Morocco built almost 40 years ago. Without the possibility to go ashore and without more food on board. Seven sailors who have not received salaries for months and are hundreds of miles away from home and family
London - Factory activity was at its weakest in years across much of the world during January, adding to worries trade tariffs, political uncertainty and cooling demand poses an increasing threat to global growth
Hamburg - In view of Germany’s announcement that it would no longer take part with naval vessels in the Mediterranean Sea mission “Sophia” organised by the European Union until further notice