UAE’s state-owned energy giant ADNOC will be investing nearly $1 billion in the long-term development of the Umm Shaif field.
Offshore rig owner Valaris has been awarded new bareboat charter agreements with ARO Drilling for several jack-up rigs.
TeamSeas reached its $30M goal in the final hours of New Year’s Day.
Suez Canal Authority (SCA) has achieved the highest annual revenue in its history of $6.3 billion and the largest annual net tonnage of 1.27 billion tons during 2021, the head of the SCA informed.
Saudi oil and gas giant Saudi Aramco has awarded a contract for an offshore project to UAE’s NPCC worth around $2.2 billion.
QatarEnergy has awarded a major EPCI contract for the offshore scope of its North Field Expansion Project to McDermott.
Check out the most read articles published by Offshore Energy – Green Marine in 2021.
UAE-based port operator Abu Dhabi Ports (AD Ports) has signed two agreements with China-based Shandong Port Group to establish the region’s first tyre hub and strengthen trade and shipping links.
Swiss-based cruise line MSC Cruises has held the naming ceremony for its new eco-friendly cruise ship MSC Virtuosa at Port Rashid in Dubai, United Arab Emirates (UAE).
S&P Global Platts Analytics expects the Middle East to struggle to reach net-zero targets as emissions from oil & gas are expected to rise.
Jan De Nul and Samsung C&T consortium has secured a contract, regarded as the biggest cable installation contract in Jan De Nul’s history, to deliver an HVDC cable and convertors package for the $3.6 billion ADNOC-TAQA Lightning Project.
Fortune Business Insights expects the CCS market to grow to $7 bln by 2028 aided by rising investments in the energy transition initiatives.
The direction of the global transition to clean energy is getting more refined each week, as more of the world’s energy majors start investing in innovation and collaboration to shift energy production away from GHG-heavy sources.
An analysis of oil and gas discoveries in 2021 by Rystad has revealed that discovered volumes are on track to hit lowest level in 75 years.
