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Business Developments & Projects

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Admarine 510 jack-up rig; Source: ADES
Business Developments & Projects

Drilling job in Saudi waters on ADES rig’s agenda in January

ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has secured the green light to restart one of its offshore drilling assignments off the coast of Saudi Arabia.

about 11 months ago
Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Business Developments & Projects

QatarEnergy handpicks contractor for CCS project set to decarbonize its LNG production facilities

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Qatar’s state-owned oil and gas giant QatarEnergy has chosen Samsung C&T Corporation as the contractor, which will breathe life into a giant carbon capture and sequestration (CCS) project designed to serve the Persian Gulf state’s existing liquefied natural gas (LNG) production facilities.

about 11 months ago
Goltens
Business Developments & Projects

Captain Arctic, powered by wind and sun, launched in Dubai

The hull of Captain Arctic, a near-zero emission exploration vessel designed for sustainable cruising in some of the planet’s most fragile environments, has been launched in Dubai.

about 11 months ago
Illustration; Source: QatarEnergy
Business Developments & Projects

17-year LNG deal lands on QatarEnergy’s offtake menu

Qatar’s state-owned oil & gas giant QatarEnergy has signed off on a multi-year liquefied natural gas (LNG) supply agreement with India’s Gujarat State Petroleum Corporation (GSPC).

about 11 months ago
NYK
Business Developments & Projects

Green fuels in focus: NYK bolsters ties with Port of Duqm

Japanese shipping major Nippon Yusen Kabushiki Kaisha (NYK Line) and the Port of Duqm Company (PODC), which oversees port management and terminal operations in Oman, have signed a comprehensive memorandum of understanding (MOU) to collaborate on the development and connectivity of the port of Duqm.

about 11 months ago
Launching of FSRU Hull 3407 took place at the HD Hyundai Heavy Industries shipyard in South Korea; Source: Excelerate Energy
Business Developments & Projects

US firm lands $450 million job for floating LNG terminal in Iraq

Excelerate Energy, a U.S.-based liquefied natural gas (LNG) company in Texas, has struck a new deal for the construction of a fully integrated floating LNG (FLNG) import terminal in Iraq.

about 11 months ago
Valaris 121 rig; Source: Valaris
Business Developments & Projects

Shell, BP, Ithaca, GE Vernova book Valaris’ five rigs for oil & gas and offshore wind jobs

Bermuda-incorporated offshore drilling contractor Valaris has divested one mobile offshore drilling unit (MODU) from its fleet and found multimillion-dollar assignments for five rigs within the oil and gas and offshore wind realms.

about 11 months ago
Astro Offshore
Business Developments & Projects

Dubai firm continues fleet expansion with vessel number 50

Dubai-based offshore vessel operator Astro Offshore, an Adani Group company, has welcomed a multipurpose support vessel (MPSV) to its fleet to enhance its offshore support and subsea capabilities. The 88-meter DP2 diesel electric MPSV Astro Achernar offers accommodation for 222 personnel and a 100-t

about 11 months ago
New gas discovery for Energean off Israel
Business Developments & Projects

Rig on the move: Stena drillship sailing from US Gulf to Las Palmas ahead of Egyptian gig

A 2012-built drillship, owned by Scotland-headquartered offshore drilling contractor Stena Drilling, has finished its drilling campaign in the U.S. Gulf and is on its way to Las Palmas before going to Egypt to undertake its next hydrocarbon exploration assignment.

about 11 months ago
Vantage Drilling’s Tungsten Explorer drillship; Credit: Greg Williams
Business Developments & Projects

Cronos nexus unbound: Egypt and Cyprus put pen to paper for gas field development

With the aim of strengthening energy security through strategic collaboration, Egypt and Cyprus have inked multiple commercial agreements for a natural gas project, which will forge an energy bond between the two countries, enabling Cypriot gas to reach Egypt’s infrastructure.

about 11 months ago
ADNOC L&S joint venture adds new dual-fuel ethane carrier to the fleet
Business Developments & Projects

ADNOC L&S joint venture adds new dual-fuel ethane carrier to the fleet

AW Shipping, a joint venture formed by UAE-based ADNOC L&S and China’s Wanhua Chemical, has taken delivery of the second very large ethane carrier (VLEC).

about 11 months ago
Kuwait Petroleum Company
Business Developments & Projects

‘Landmark’ gas discovery comes to light offshore Kuwait

Kuwait Oil Company (KOC), a subsidiary of the state-owned Kuwait Petroleum Company (KPC), has made a major discovery at a field offshore Kuwait.

about 11 months ago
Valaris DS-12 drillship; Source: Valaris
Business Developments & Projects

BP hires Valaris’ 2013-built drillship for multi-well gig in Middle East

Offshore drilling contractor Valaris has secured a new multimillion-dollar assignment for its 12-year-old drillship off the coast of Egypt with BP Exploration Delta, a subsidiary of the UK-headquartered energy giant BP.

about 11 months ago
Hydrom and H2Global partner to boost Oman’s hydrogen development
Business Developments & Projects

Hydrom and H2Global partner to boost Oman’s hydrogen development

Hydrom and H2Global Foundation have signed a memorandum of understanding (MoU) to explore how H2Global’s mechanism can support Oman’s national hydrogen strategy.

about 1 year ago