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Business Developments & Projects

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

Landslide shareholder vote begins final countdown to ADES-Shelf Drilling merger completion

ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, is one step closer to wrapping up its merger with the UAE-based Shelf Drilling, thanks to the lion’s share of the latter’s shareholders endorsing the business combination after t

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about 1 year ago
QatarEnergy expands exploration footprint offshore Egypt; Source: QatarEnergy
Business Developments & Projects

QatarEnergy widens its oil & gas exploration acreage by joining Shell’s block offshore Egypt

Qatar’s state-owned energy giant QatarEnergy has set the wheels in motion to get a stake in an exploration block off the coast of Egypt.

about 1 year ago
Two vessels side by side
Business Developments & Projects

Iraq taps US firm for FLNG import terminal development

The Iraqi government has issued an award letter to U.S.-based Excelerate Energy to develop the country’s integrated floating liquefied natural gas (FLNG) import terminal.

about 1 year ago
Al Seer Marine-BGN JV welcomes Merak into gas/ammonia carrier fleet
Business Developments & Projects

Al Seer Marine-BGN JV welcomes Merak into gas/ammonia carrier fleet

ABGC DMCC, a joint venture of Al Seer Marine and BGN, has taken delivery of Merak, a dual-fuel very large gas carrier (VLGC) equipped with ammonia-carrying capability.

about 1 year ago
AD Ports launches Luanda port terminal project, focused on modernization and sustainability
Business Developments & Projects

AD Ports launches Luanda port terminal project, focused on modernization and sustainability

AD Ports Group has laid the foundation stone for the Noatum Ports Luanda Terminal, signaling the beginning of a modernization and expansion effort at the Port of Luanda, Angola.

about 1 year ago
ACWA Power taps L&T for renewables and grid scope of green hydrogen hub in Yanbu
Business Developments & Projects

ACWA Power taps L&T for renewables and grid scope of green hydrogen hub in Yanbu

Indian multinational conglomerate Larsen & Toubro (L&T) has signed a memorandum of understanding (MoU) with Saudi developer of green hydrogen plants ACWA Power for a green ammonia project in Yanbu, a port city on the Red Sea.

about 1 year ago
Darwin LNG; Source: Santos
Business Developments & Projects

$19 billion merger deal is off: ADNOC’s XRG ends takeover talks with Santos

A consortium run by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has withdrawn its $18.7 billion non-binding indicative offer for Australia’s energy player Santos.

about 1 year ago
Courtesy of Astro Offshore
Business Developments & Projects

Vessel quintet addition sets the stage for 49-strong fleet to scale up UAE firm’s reach and capabilities

Dubai-based offshore vessel operator Astro Offshore, an Adani Group company, has expanded its fleet with four platform supply vessels (PSVs) and one multipurpose supply vessel (MPSV), which boost the UAE-headquartered firm’s operational efficiency and fleet versatility.

about 1 year ago
BladeRanger's drones cleaning Eco Wave Power's wave energy devices
Business Developments & Projects

Drones tested for wave energy floaters maintenance (Video)

Wave energy developer Eco Wave Power has teamed up with BladeRanger, a company specializing in automated drone-based cleaning and diagnostics, to introduce drone-powered maintenance for its wave energy technology. The collaboration was demonstrated at Eco Wave Power’s grid-connected site at the Jaff

about 1 year ago
Illustration; Source: International Energy Agency (IEA)
Business Developments & Projects

IEA: Oil & gas decline rates sound the alarm over global energy security risks

Given the accelerated decline in hydrocarbon production rates, a new report from the International Energy Agency (IEA) has warned about the supply risks that output drops carry, as ignoring them has the potential to undermine energy security, market stability, and emissions reduction aspirations, wi

about 1 year ago
Shelf Drilling Tenacious jack-up rig; Source: Shelf Drilling
Business Developments & Projects

ADES sweetens Shelf Drilling merger deal with enhanced cash offer

ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has tightened its grip on 33 jack-up rig additions to its fleet by revising its cash merger offer to bring the UAE-based Shelf Drilling into its fold. As a result, more than half

about 1 year ago
FSRU Hoegh Galleon; Source: Höegh LNG
Business Developments & Projects

Chevron, Höegh Evi, SLB, and Energean helping Egypt expand energy horizons to fuel its future

Given the ongoing global energy security concerns, Egypt has taken further steps to deepen energy alliances with international players, including Chevron, Hoegh Evi, SLB, and Energean. These and similar undertakings are paving the way to boost exploration, liquefied natural gas (LNG), and sustainabi

about 1 year ago
Subsea7 gets ‘major’ project to work in Saudi waters in 2027-2028
Business Developments & Projects

Subsea7 gets ‘major’ project to work in Saudi waters in 2027-2028

Subsea7 has secured a new project with Saudi Arabia’s energy giant Aramco under their long-term agreement (LTA), covering pipeline work and topside modification. Subsea7’s contract scope includes the engineering, procurement, construction, and installation (EPCI) of 106 kilometers of infield and exp

about 1 year ago