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Business Developments & Projects

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QatarEnergy hands out first batch of LNG ship-owner contracts
Business Developments & Projects

QatarEnergy hands out first batch of LNG ship-owner contracts

State-owned oil and gas company QatarEnergy has signed a series of time-charter parties (TCPs) with a subsidiary of Japanese shipping company Mitsui O.S.K. Lines (MOL) for the long-term charter and operation of four LNG ships.

about 4 years ago
Mermaid Maritime sets up subsidiary in the UAE
Business Developments & Projects

Mermaid Maritime sets up subsidiary in the UAE

Thailand-headquartered subsea services provider Mermaid Maritime has established an indirect 50%-owned subsidiary in the United Arab Emirates. The primary activity of the subsidiary designated as Millennium 3 Ship Management and Operations DMCCO will be managing and operating the DP2 construction su

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about 4 years ago
oil barrels
Business Developments & Projects

Oil and gas to catapult global energy spending to record highs in 2022, Rystad says

Surging oil, gas and power prices together with the EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult global energy spending this year to $2.1 trillion, Rystad Energy research shows.

about 4 years ago
Valaris DS-11 drillship
Business Developments & Projects

Equinor takes over TotalEnergies’ slot for Valaris drillship contract

A notable update relates to a Valaris drillship contract in the Gulf of Mexico, which has now been novated from TotalEnergies to Equinor.

about 4 years ago
Ursula von der Leyen - EU edges closer to banning Russia oil imports
Business Developments & Projects

EU bans Russian vessels from ports, ‘edges closer’ to banning Russian oil imports

The European Union members have announced a new, fifth round of sanctions against Russia and its businesses due to the war in Ukraine.

about 4 years ago
Saipem 12000
Business Developments & Projects

Saipem bags fresh batch of drilling contracts worth over $400 million

Saipem has been awarded new contracts in offshore drilling in the Middle East and in West Africa for a total amount of over $400 million.

about 4 years ago
CGG and Kent parter up for hydrogen and CCUS
Business Developments & Projects

CGG and Kent partner up for hydrogen and CCUS

French geophysical services firm CGG and Dubai-based energy engineering company Kent will work together on CCUS development and hydrogen production and supply.

about 4 years ago
Mist rig - Borr Drilling
Business Developments & Projects

Borr Drilling secures work for five jack-up rigs

Offshore rig owner Borr Drilling has been awarded new contracts and extensions for five of its jack-up drilling rigs.

about 4 years ago
World Bank: How can carbon revenues support the green transition of shipping?
Business Developments & Projects

World Bank: How can carbon revenues support the green transition of shipping?

The money raised through carbon pricing could be allocated towards many purposes. The decarbonization of the shipping industry itself is priority number one, according to a new report released by the World Bank.

about 4 years ago
Maersk inks new deals in Egypt to speed up green fuel production
Business Developments & Projects

Maersk inks new deals in Egypt to speed up green fuel production

Danish shipping giant Maersk and Egyptian authorities have signed a partnership agreement to jointly explore the establishment of large-scale green fuel production in the country in the pursuit of net-zero shipping.

about 4 years ago
Francesco La Camera - IRENA
Business Developments & Projects

Answers to energy security and climate change concerns lie in energy transition, IRENA says

The International Renewable Energy Agency (IRENA) believes that energy transition holds the key to tackling global energy and climate crisis.

about 4 years ago
Fugro to back QatarEnergy's field redevelopment project
Business Developments & Projects

Fugro to back QatarEnergy’s field redevelopment project

QatarEnergy has awarded Fugro with a contract to deliver multi-year seabed geo-data acquisition and geo-consultancy services as part of the redevelopment of the Bul Hanine and Maydan Mahzam fields offshore Qatar. Fugro’s team will be operating from Fugro Proteus, Pacific Grouse and Bourbon Enterpris

about 4 years ago
Hamriyah facility - Lamprell
Business Developments & Projects

Lamprell mulls over funding options and sale of stake in oil & gas business

UAE-based offshore engineering and construction services provider Lamprell is in talks for the sale of a stake in its oil & gas business.

about 4 years ago
ADNOC and Germany to accelerate clean hydrogen collaboration
Business Developments & Projects

ADNOC and Germany to accelerate clean hydrogen collaboration

ADNOC has signed a memorandum of understanding (MoU) and joint study agreements (JSA) with German companies to deepen clean hydrogen collaboration.

about 4 years ago