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Business Developments & Projects

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Saad Sherida Al-Kaabi - Qatar Petroleum
Business Developments & Projects

Qatar Petroleum CEO warns of dangers of stopping oil & gas investments

Qatar Petroleum has warned that depriving the oil & gas sector of new investments amid energy transition could result in big spikes in prices.

about 5 years ago
Rystad: No more trillion-dollar oil & gas tax revenues as energy transition ramps up
Business Developments & Projects

Rystad: No more trillion-dollar oil & gas tax revenues as energy transition ramps up

Global petrostates can forget trillion-dollar from oil & gas tax revenues as the accelerating energy transition bites, Rystad Energy said.

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about 5 years ago
Illustration/Co-located offshore wind and wave farm (Courtesy of CorPower Ocean)
Business Developments & Projects

Mission Innovation 2.0 to spearhead $250 billion clean energy innovation decade

At the global Innovating to Net Zero Summit, 23 governments responsible for over 90% of global public investment in clean energy have collectively launched bold new plans to catalyze action and spearhead a decade of innovation to drive global investment in clean energy research, development and demo

about 5 years ago
In focus: Renewables making headway as Shell ruling sounds alarm on energy transition urgency
Business Developments & Projects

In focus: Renewables making headway as Shell ruling sounds alarm on energy transition urgency

A historic ruling has shaken the energy market this week after a Dutch court ordered oil major Shell to reduce its carbon emissions by 45 per cent by 2030 compared with 2019 levels. The decision was delivered in connection with a climate change case filed against Shell in 2019 by Dutch environmental

about 5 years ago
Technip Energies scores PEMS deal in Kuwait
Business Developments & Projects

Technip Energies scores PEMS deal in Kuwait

France-based engineering company Technip Energies has been contracted by Kuwait Integrated Petroleum Industries Company (KIPIC) for various projects in southern Kuwait.

about 5 years ago
Eni
Business Developments & Projects

Eni misses in first Oman deepwater well, eyes second target

Italian oil major Eni has found nothing in its first deepwater exploration well in a block offshore Oman but is preparing to drill a second well on a new target.

about 5 years ago
Helios invests in green ammonia facility in Abu Dhabi
Business Developments & Projects

Helios invests in green ammonia facility in Abu Dhabi

Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of Abu Dhabi Ports, plans to build a $1 billion green ammonia production facility, financed by Helios Industry.

about 5 years ago
ADNOC
Business Developments & Projects

ADNOC dishes out $744 million deal for Belbazem field development

The Abu Dhabi National Oil Company (ADNOC) has awarded a $744 million contract for the full field development of the Belbazem Offshore Block,

about 5 years ago
Energean Power FPSO - Karish
Business Developments & Projects

Karish first gas delayed over Covid-19 restrictions, Energean says

Energean has postponed again the first production from its Karish gas field amid new Covid-19-related restrictions in Singapore.

about 5 years ago
TRADE WINGS 2,500
Business Developments & Projects

In focus: Industries take new emissions-free steps as IEA maps net-zero path

Several new energy transition developments in the offshore energy and maritime sectors have made headlines this week, contributing to the global 2050 net-zero targets and – at least to some extent – to the ambitious path that International Energy Agency (IEA) mapped in its latest report. Climate ple

about 5 years ago
Tamar gas field - Chevron
Business Developments & Projects

Israel orders Chevron to restart Tamar gas field

Israel’s energy ministry has ordered Chevron to restart output at the Tamar offshore gas field nine days after it was shut down.

about 5 years ago
Petropars
Business Developments & Projects

Petropars to develop $1.78 billion Farzad B gas field in Iran

The National Iranian Oil Company (NIOC) has signed a contract worth $1.78 billion with compatriot Petropars Group for the development of Farzad B gas field in the Persian Gulf.

about 5 years ago
Carbon dioxide injection
Business Developments & Projects

In focus: Carbon capture and storage as key element in achieving decarbonisation

In this edition of In focus, we’ll be looking at ways through which the offshore energy sector is working to reduce carbon emissions.

about 5 years ago
Johan Sverdrup field in Norway - Rystad
Business Developments & Projects

Upstream spending cut by $285bn as Covid-19 takes its toll, Rystad says

The toll of the Covid-19 on upstream investments in the first two years of the downturn is estimated at $285bn, Rystad Energy reports.

about 5 years ago