Damietta LNG plant in Egypt, a joint venture between Italy’s Eni and Egypt’s EGAS, has produced and loaded its 500th LNG cargo since the operation start-up in 2005. Damietta LNG is one of two LNG export plants in Egypt with a capacity to produce up to 5 million tons of LNG per year. Italian energy c
The global market for oil and gas contractors is expected to rise to a peak of $1 trillion in 2025 and remain at high levels for several years, according to a report by energy intelligence group Rystad Energy. For the 2022-2028 period, overall oil and gas spending is anticipated to stay above $920 b
McDermott and Eunice Energy Group have signed a memorandum of understanding (MoU) to cooperate on a 2 GW electrical interconnector between Greece and Egypt. Eunice Energy Group is leading the transnational consortium between Greece and Egypt for the Greece-Africa Power (GAP) Interconnector project,
New global oil and gas discoveries in 2022 have driven exploration to the highest value creation in over a decade, reaching $33 billion.
With this acquisition, TAQA has expanded its footprint in the Middle East, North Africa, Central Asia, and Eastern Europe.
Dolphin Drilling has completed a five-year recertification of a semi-submersible rig, which is now ready to start its assignment offshore Nigeria in a few weeks.
Italian oil and gas company Eni and the National Oil Corporation of Libya (NOC) have signed an agreement for the development of a strategic project aimed at increasing gas production to supply the Libyan market as well as to ensure export to Europe. Eni’s CEO Claudio Descalzi and Farhat Bengdara, th
Westwood forecasts global marketed offshore rig utilisation to average 95 per cent this year with day rates getting a further boost.
Ubuntu Harmony, a recently launched LNG dual-fueled Capesize+ bulk carrier, has been loaded with its first cargo of iron ore, according to UK-based mining company Anglo American, which charters the vessels from Taiwanese bulk carrier company U-Ming Marine. The 190,000 dwt vessel loaded its first car
Energy and marine consultancy ABL Group has investigated two possible brownfield sites for the installation of a solar photovoltaic (PV) plant to generate renewable energy-powered shore power at the Port of Mombasa, Kenya.
A group of eight marine insurers has released the first Annual Disclosure Report for Poseidon Principles for Marine Insurance, disclosing the climate alignment of their hull and machinery portfolios. The report surveys the portfolios of the framework’s signatories in what has been described as a ‘la
A deep dive into Woodside’s recent activities related to ongoing projects and financial and operational results for 4Q 2022.
