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Business Developments & Projects - Offshore Energy

Business Developments & Projects

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Business Developments & Projects

Aiming to focus on offshore, Saipem sells onshore drilling business for $550 mln cash and more

Saipem has decided to sell its onshore drilling business to KCA Deutag for $550 million in cash plus an equity stake in the combined entity.

about 4 years ago

Business Developments & Projects

Vantage closes sale of three jack-up rigs

Offshore drilling contractor Vantage Drilling has completed the sale of its subsidiary holding three jack-up rigs to ADES.

about 4 years ago

Saudi yard teams up with Keppel LeTourneau to strengthen its rig building skills and abilities

Business Developments & Projects

Saudi yard teams up with Keppel LeTourneau to design and build rigs

Keppel LeTourneau has joined forces with Saudi yard IMI to help it strengthen its rig building capabilities.

about 4 years ago

Business Developments & Projects

UAE’s drilling giant adds two more jack-up rigs to its fleet

UAE-based ADNOC Drilling has signed an agreement to acquire an additional two premium offshore jack-up drilling units.

about 4 years ago

Business Developments & Projects

Sumitomo firms up cable order for first Middle East subsea transmission system

Sumitomo Electric Industries has concluded the contract with Samsung C&T Corporation for the delivery of high-voltage direct current (HVDC) submarine cables for the first subsea HVDC network in the Middle East. The contract follows the limited notice to proceed (LNTP) for the project in the United A

about 4 years ago

Energy transition ramp-up did not derail oil & gas exploration in 2021, Westwood says

Business Developments & Projects

Energy transition acceleration did not derail oil & gas exploration in 2021, Westwood says

Westwood Global Energy reveals that oil & gas exploration remained resilient in 2021 undeterred by the accelerating energy transition.

about 4 years ago

IRENA assembly at 23rd council meeting (Courtesy of IRENA)

Business Developments & Projects

IRENA: Francesco La Camera up for re-election as call for inclusive energy transition reverberates

High-level delegates from 100 countries have discussed International Renewable Energy Agency’s (IRENA’s) medium-term strategy and director-general’s re-election at 23rd council meeting.

about 4 years ago

UAE player wins gig with Yinson to work on Brazil-bound FPSO

Business Developments & Projects

Yinson taps UAE player for FPSO upgrade work

Drydocks World Dubai has inked a deal with Yinson to upgrade an FPSO vessel, which will operate for Enauta offshore Brazil, upon completion.

about 4 years ago

Business Developments & Projects

Keppel finds work for two more jack-up rigs

Singapore’s Keppel Offshore & Marine has signed contracts for the bareboat charter of another two KFELS B Class rigs to be deployed in the Middle East.

about 4 years ago

Business Developments & Projects

BP joins forces with two Abu Dhabi players for UK hydrogen projects

ADNOC and Masdar are to join BP’s blue hydrogen project H2Teesside and HyGreen Teesside green hydrogen project, respectively.

about 4 years ago

Lamprell ticks off load-out and float-off for first of two jack-ups built for Saudi yard

Business Developments & Projects

Lamprell ticks off load-out and float-off for first of two jack-up rigs built for Saudi yard

Lamprell and IMI have completed load-out and float-off operations for the first of two jack-up rigs built for this Saudi yard.

about 4 years ago

Business Developments & Projects

Shelf Drilling expects jack-up rig utilisation and pricing to surpass pre-pandemic levels in 2022

Shelf Drilling has secured more work for its rigs and it expects the global jack-up utilisation and pricing to beat pre-pandemic levels in 2022.

about 4 years ago

Business Developments & Projects

ADNOC appoints McDermott as design contractor of Fujairah LNG terminal

ADNOC has awarded a design contract to US engineering firm McDermott for its planned Fujairah LNG terminal.

about 4 years ago

Business Developments & Projects

Subsea services bring MMA to Qatar

MMA has secured an integrated vessel and subsea services contract to provide offshore construction support services in Qatar. The multi-purpose support vessel MMA Pinnacle will be deployed in Qatar to provide a range of subsea services in support of a tier-one contractor working on a pipeline instal

about 4 years ago