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Business Developments & Projects

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energy transition
Business Developments & Projects

In focus: Piecing together the energy transition puzzle

The offshore energy sector is currently going through a major change with the energy transition and sustainability as a driving force.

about 5 years ago
Photo of the Vyacheslav Tikhonov (Courtesy of PXGEO)
Business Developments & Projects

PXGEO buys Vyacheslav Tikhonov vessel from Polarcus

PXGEO Seismic Services has entered into binding agreement to acquire Vyacheslav Tikhonov vessel from its current owner Polarcus, subject to the sanction of the Grand Court of the Cayman Islands.

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about 5 years ago
ADNOC ready to explore hydrogen market with India
Business Developments & Projects

ADNOC ready to explore hydrogen market in India

At a hydrogen roundtable, the Abu Dhabi National Oil Company (ADNOC) has demonstrated a strong interest in exploring the hydrogen market with India’s public and private sectors to support its demand for cleaner fuel.

about 5 years ago
Illustration (Courtesy of Polarcus)
Business Developments & Projects

Polarcus agrees standstill and settlement terms with lenders

Marine seismic company Polarcus has agreed standstill and settlement terms with its lenders who have committed to refrain from exercising any further security interests over the Polarcus Group or their assets.

about 5 years ago
Andrew McDowell, Operations Director at Aquaterra Energy
Business Developments & Projects

Aquaterra bags largest riser analysis job ever

Aquaterra Energy has secured its largest riser analysis contract to date with a Middle Eastern operator to provide riser analysis.

about 5 years ago
ADNOC
Business Developments & Projects

ADNOC boosts crude capacity by adding two more VLCCs

ADNOC Logistics & Services, a shipping and maritime logistics arm of ADNOC, has acquired two additional Very Large Crude Carriers (VLCC).

about 5 years ago
North Field - Qatargas
Business Developments & Projects

Saipem clinches more work in Qatar worth $350 million

Saipem has received by Qatargas the confirmation of the exercise of two options for additional scope of work on the North Field Project.

about 5 years ago
Photo of Enshore Subsea’s T1 trenching asset, Middle East 2018 (Courtesy of Al Gihaz Holding)
Business Developments & Projects

Saudi group acquires Enshore Subsea

Al Gihaz Contracting, part of Saudi-based Al Gihaz Holding, has completed the acquisition of assets, intellectual property and the management systems of subsea trenching company Enshore Subsea.

about 5 years ago
Photo showing the signing of the agreement between HPR ROV and i-Energy (Courtesy of HPR ROV)
Business Developments & Projects

ROV specialist grows international footprint

Scottish ROV specialist HPR ROV has signed a two-year agreement with Saudi-based Intelligent Energy Services (i-Energy) to act as its exclusive agent in the region.

about 5 years ago
Shelf Drilling Tenacious rig was used to drill Masirah Oil wells
Business Developments & Projects

Masirah Oil wraps up drilling program in Oman

Masirah Oil has completed drilling three exploration prospects that were located near to the Yumna offshore field, located in the Arabian Sea.

about 5 years ago
Eelume
Business Developments & Projects

Robots could save billions in drilling costs but risk oil & gas jobs, Rystad says

Robots could replace hundreds of thousands of oil and gas jobs and save billions in drilling costs by 2030, according to a report by Rystad Energy.

about 5 years ago
North Cormorant platform off the UK - TAQA
Business Developments & Projects

TAQA to reduce exposure to oil & gas in energy transition push

TAQA has made plans to reduce exposure to the hydrocarbons sector and for renewables to make up 30% of its portfolio by 2030 in energy transition push.

about 5 years ago
Photo of Ramform Tethys vessel (Courtesy of PGS)
Business Developments & Projects

PGS secures 3D survey work offshore Egypt

Norwegian seismic player PGS has been awarded a high-fidelity 3D exploration program by a supermajor offshore Egypt.

about 5 years ago
Hamriyah facility - Lamprell
Business Developments & Projects

Lamprell eyes revenue streams from digital ventures

Injazat and Lamprell have entered into a JV agreement to create and market innovative digital solutions focusing on the renewables and oil & gas industries.

about 5 years ago