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Business Developments & Projects

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Lamprell
Business Developments & Projects

Lamprell taps banks for $45 million loan to build two jack-ups

Lamprell has signed a $45 million revolving trade loan facility with two banks to cover the costs for the building of two IMI jack-up rigs.

about 5 years ago
Aramco
Business Developments & Projects

Aramco accepts climate change challenge and joins net-zero by 2050 race

Aramco has revealed its goal to achieve net-zero for Scope 1 and Scope 2 greenhouse gas (GHG) emissions across its operations by 2050.

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about 5 years ago
Saudi Arabia
Business Developments & Projects

Saudi Arabia sets new green objectives pledging to reach net-zero by 2060

Ahead of the UN COP26 summit in Glasgow, Saudi Arabia disclosed its aim to reach net-zero greenhouse gas emissions by 2060.

about 5 years ago
QatarEnergy joins forces
Business Developments & Projects

QatarEnergy joins forces with ExxonMobil for exploration offshore Canada

QatarEnergy has signed a farm-in agreement with ExxonMobil Canada for an exploration license offshore Canada.

about 5 years ago
Lamprell
Business Developments & Projects

Lamprell scores rig conversion deal with BW Energy

Lamprell has been awarded a major rig conversion contract by BW Energy, turning a jack-up rig into an offshore production facility.

about 5 years ago
UK Prime Minister Boris Johnson - energy transition
Business Developments & Projects

In focus: UK gets the ball rolling on cutting emissions with net-zero strategy launch

Reports on efforts to decarbonise the oil & gas and the shipping sector continue to hit the headlines as the energy transition gathers speed.

about 5 years ago
GMS
Business Developments & Projects

GMS inks new vessel deals as market tightens

GMS has won a new contract for one of its large-size class vessels and a contract extension for one of its mid-size class vessels.

about 5 years ago
Photo showing South Korea’s ‘K-OTEC1000’ floating OTEC plant deployed in 2019 (Courtesy of IEA-OES)
Business Developments & Projects

IEA-OES publishes whitepaper on OTEC for policy makers and developers

Ocean Energy Systems (OES), a technology collaboration programme within the International Energy Agency (IEA), has released a whitepaper on ocean thermal energy conversion (OTEC) providing an overview of the technology and discussing the importance of its widespread adoption.

about 5 years ago
Mermaid Maritime scoops $120 million worth of contracts
Business Developments & Projects

Mermaid Maritime scoops $120 million worth of contracts

Mermaid Maritime Limited (MML) has secured multiple contracts in Thailand, Angola and Saudi Arabia with a combined value of approximately $120 million.

about 5 years ago
Kuwait Petroleum issues 5 LNG cargoes tender for spring delivery
Business Developments & Projects

Kuwait Petroleum issues 5 LNG cargoes tender for spring delivery

Kuwait’s national oil company Kuwait Petroleum has issued a tender seeking five liquefied natural gas (LNG) cargoes for delivery from February to June 2022.

about 5 years ago
QatarEnergy and Shell team up for hydrogen solutions
Business Developments & Projects

QatarEnergy and Shell team up for hydrogen solutions

Qatar’s state-owned oil and gas company QatarEnergy and energy major Shell have signed an agreement for joint investments in blue and green hydrogen projects in the UK.

about 5 years ago
THE RIG
Business Developments & Projects

Saudi Arabia reveals plans for THE RIG – new ‘extreme park’ inspired by offshore platforms

Saudi Arabia’s Public Investment Fund has revealed its plans for THE RIG, a tourism project inspired by offshore oil platforms.

about 5 years ago
Mermaid Subsea Services buys 50% in CSV Millennium 3
Business Developments & Projects

Mermaid Subsea Services takes 50% interest in CSV Millennium 3

Mermaid Subsea Services (Thailand) (MSST) has entered into a memorandum of understanding (MoU) with PT David Marine for the purchase of a 50% ownership share in DP2 construction support vessel Millennium 3.

about 5 years ago
FSRU Exquisite completes 400th ship-to-ship LNG transfer in Pakistan
Business Developments & Projects

FSRU Exquisite completes 400th ship-to-ship LNG transfer in Pakistan

FSRU Exquisite, jointly owned by Nakilat and Excelerate Energy, has completed the 400th ship-to-ship transfer of LNG at the Engro Elengy Terminal in Pakistan.

about 5 years ago