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Business Developments & Projects

ICS, IRENA join hands to speed up green fuel transition

The International Chamber of Shipping (ICS) and the International Renewable Energy Agency (IRENA) have signed a partnership agreement to support the decarbonisation of the shipping sector and its role in the transition towards a global energy sector based on renewables.

about 4 years ago

Business Developments & Projects

BP to support Oman in green hydrogen development

British oil and gas major BP has partnered up with Oman to support renewable energy and green hydrogen development in the country by 2030.

about 4 years ago

Business Developments & Projects

Bahri signs logistics deal with Saudi mining company

Bahri, the national shipping carrier of Saudi Arabia, has signed a memorandum of understanding (MoU) with compatriot mining company Ma’aden to strengthen its logistics sector ties.

about 4 years ago

Business Developments & Projects

Prysmian to work on first Middle East subsea transmission system

Prysmian has entered into a Limited Notice to Proceed (LNTP) for the supply of power cables for what is said to be the first-of-its-kind high-voltage, direct current (HVDC-VSC) subsea power transmission system in the Middle East. Prysmian received the €220 million LNTP from Samsung C&T as part of it

about 4 years ago

Business Developments & Projects

Tekmar joins major subsea construction project in the Middle East

Tekmar has secured a contract to provide pipeline support and protection materials for what it says is a major subsea construction project in the Middle East. The contract award is for a value of more than $10 million and is anticipated to be delivered in the company’s current financial year ending

about 4 years ago

Business Developments & Projects

Wood in recruitment drive for 200 roles to support growth in Middle East

Wood has marked a year of strategic growth in the Middle East region after accumulating $580 million of secured backlog in 2021.

about 4 years ago

Business Developments & Projects

Driven by gas and LNG, global oil & gas investments set to rise in 2022, Rystad says

Global oil & gas investments will expand by $26 bln this year as the industry continues its recovery from the pandemic, Rystad Energy says.

about 4 years ago

Business Developments & Projects

Nakilat developing decarbonisation strategy with ABS

Nakilat, a Qatari LNG shipping operator, has formed a partnership with the classification society American Bureau of Shipping (ABS) with the aim of developing a decarbonisation strategy.

about 4 years ago

Hywind Tampen, a floating wind power project intended to provide electricity for the Snorre and Gullfaks offshore field operations in the North Sea - energy transition

Business Developments & Projects

Top energy transition trends to watch in 2022, as seen by Westwood

Westwood Energy and its energy transition team gave us their views on the main trends that oil and gas firms should watch in 2022.

about 4 years ago

Business Developments & Projects

McDermott says Qatar award is one of the largest single contracts in company history

McDermott has confirmed a recent contract award with QatarEnergy, saying it is one of the largest single contracts McDermott has been awarded in its company history. The structures will be fabricated in a facility with low-carbon or renewable power as part of McDermott’s sustainability commitments.

about 4 years ago

Business Developments & Projects

AD Ports, EDB to support industrial players with financial solutions

UAE-based port operator Abu Dhabi Ports (AD Ports) has signed a memorandum of understanding (MoU) with Emirates Development Bank (EDB) to support the industrial sector in the Emirates.

about 4 years ago

Business Developments & Projects

Eni wins five new exploration licences in Egypt

Italian oil and gas company Eni has been awarded five new exploration licences by the Egyptian Ministry of Petroleum.

about 4 years ago

Business Developments & Projects

After 2021 rebound, FPSO market to continue going strong in 2022, Rystad says

The market for FPSO units almost brushed off the pandemic’s effect in 2021 and is likely to continue apace in 2022, Rystad Energy says.

about 4 years ago

Ongoing works for EWP-EDF One wave energy project at Jaffa Port, Israel (Courtesy of Eco Wave Power)

Business Developments & Projects

Eco Wave Power takes delivery of wave energy floaters in Israel

Swedish-Israeli wave energy company Eco Wave Power has transported the first set of floaters and supporting structures for its grid-connected wave energy project to the Jaffa Port project site in Israel.

about 4 years ago