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Business Developments & Projects

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Stargate Hydrogen partners with Saudi Arabia’s RDIA to boost hydrogen innovation
Business Developments & Projects

Stargate Hydrogen partners with Saudi Arabia’s RDIA to boost hydrogen innovation

Stargate Hydrogen, an Estonia-based deep-tech and green hydrogen technologies manufacturer, has signed a memorandum of understanding (MoU) with the Research, Development, and Innovation Authority (RDIA) of Saudi Arabia to boost hydrogen innovation.

about 1 year ago
COOEC claims its mega order in Qatar breaks the record for the contract value of offshore engineering projects being handled by Chinese companies in the Middle East; Source: COOEC
Business Developments & Projects
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$4 billion oil & gas assignment in Middle East breaks Chinese companies’ record

Qatar’s state-owned oil & gas giant QatarEnergy has entrusted China’s Offshore Oil Engineering Company (COOEC) with two segments of work related to its redevelopment project off the Persian Gulf state’s coast. This package set, worth approximately $4 billion, is said to set a new contract value reco

about 1 year ago
FPSO Energean Power; Source: Energean
Business Developments & Projects

First gas from Mediterranean phased development on track for 2027

London-based oil and gas player Energean is expecting to bring online in less than two years the first chapter of an area in the Mediterranean, containing a string of gas discoveries made in 2022, as part of a phased development off the coast of Israel.

about 1 year ago
NMDC-ADNOC collaboration agreement signing
Business Developments & Projects

ADNOC L&S forges partnership to boost UAE’s offshore energy sector

NMDC Group PJSC, a provider of engineering, procurement, construction (EPC), and marine dredging services, has signed an agreement with ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the UAE’s Abu Dhabi National Oil Company (ADNOC), to explore collaboration on del

about 1 year ago
Tekmar
Business Developments & Projects

Tekmar wins again in Middle East, contract worth over $10 million

Following a number of recent contracts in the region, UK-headquartered Tekmar Group has won another one in the Middle East, this time for the provision of its cable protection system. Under the contract worth over $10 million with what is described as a leading international engineering, procurement

about 1 year ago
China leads in total committed investments in $110B clean hydrogen industry, report finds
Business Developments & Projects

China leads in total committed investments in $110B clean hydrogen industry, report finds

More than 500 clean hydrogen projects worldwide have reached maturity, representing $110 billion in investments, with China occupying the leading position in total committed investments and renewable hydrogen production, according to the Hydrogen Council’s new annual publication.

about 1 year ago
Valaris DS-12 drillship; Source: Valaris
Business Developments & Projects

BP’s dash for gas: Five-well drilling campaign on Mediterranean’s horizon

BP has taken steps to expand its natural gas arsenal in the Mediterranean Sea by striking a deal with Egypt for a multi-well drilling campaign, which is expected to yield new finds that will prolong the lifespan of existing production facilities in the West Nile Delta.

about 1 year ago
Illustration; Source: ADNOC Gas
Business Developments & Projects

$250M investment in sight as ADNOC Gas secures global index spot

The shares of ADNOC Gas, a subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), are set to be included in the international equity index FTSE Emerging Index, which is part of the FTSE Russell Global Equity Index Series (GEIS).

about 1 year ago
new report
Business Developments & Projects

Methanol Institute and Saudi Arabia join forces to advance maritime sustainability

Trade association Methanol Institute (MI) and Saudi Arabia’s Transport General Authority (TGA) have signed a memorandum of understanding (MoU) to advance maritime safety and sustainability.

about 1 year ago
Illustration; Source: Next Geosolutions
Business Developments & Projects

NextGeo opens entity in ‘region of crucial importance for oil & gas sector’

Italy’s Next Geosolutions (NextGeo) has opened a new entity in the Middle East, described as a strategic initiative as part of the company’s expansion plan, aimed at strengthening its operational capacity in a “region of crucial importance for the oil & gas sector”. Next Geosolutions Middle East (FZ

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

Two new additions expand UAE player’s fleet to 44 vessels

Dubai-based offshore vessel operator Astro Offshore, an Adani Group Company, has enlarged its fleet with two platform supply vessels (PSVs), bolstering the UAE-headquartered firm’s fleet versatility.

about 1 year ago
Sapphire Driller rig; Source: ADES
Business Developments & Projects

ADES jackup gets more time with QatarEnergy

Advanced Energy Systems (ADES), part of Saudi Arabia-headquartered ADES Holding, has signed a multi-year contract extension with the state-owned QatarEnergy for a jackup rig from its fleet.

about 1 year ago
SOHAR Port and Freezone
Business Developments & Projects

SOHAR Port and Freezone’s container terminal to get shore power infrastructure

SOHAR Port and Freezone, a deep-sea port and adjacent free zone in the Middle East, has signed a development agreement with Oman’s Moonrock Research and Development and Denmark’s PowerCon to establish shore power infrastructure at the container terminal in the port.

about 1 year ago
Yara
Business Developments & Projects

Hydrogen associations team up to drive uptake of hydrogen value chains

Hydrogen Europe Research (HER) and the Clean Hydrogen Mission (CHM) have signed a memorandum of understanding (MoU) in Busan, South Korea, intending to speed up the development and uptake of integrated clean hydrogen value chains across developed and developing regions.

about 1 year ago