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Business Developments & Projects

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Thailand’s Mermaid Maritime secures $500M in Middle East project awards
Business Developments & Projects

Thailand’s Mermaid Maritime secures $500M in Middle East project awards

Thailand-headquartered subsea and offshore drilling services company Mermaid Maritime Public Company Limited has secured multiple project awards in the Middle East that have a combined value of approximately $430 to $500 million. The awards cover the delivery of a comprehensive suite of services, in

about 1 year ago
Rendering of an LNG terminal at night
Business Developments & Projects

UAE player’s stake buy prompts rebrand of US LNG developer

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UAE-headquartered Mubadala Energy, a wholly-owned subsidiary of Mubadala Investment Company owned by the government of Abu Dhabi, has closed the acquisition of an interest in a subsidiary of energy-focused alternative asset manager Kimmeridge.

about 1 year ago
Leviathan; Source: NewMed Energy
Business Developments & Projects

$35B Egypt gas export deal ‘largest’ in Israel’s history

Israel’s NewMed Energy and its partners in a gas project in the Mediterranean Sea have signed an amended agreement with Egypt’s Blue Ocean Energy (BOE) to significantly expand the export of natural gas from Israel to Egypt.

about 1 year ago
Fugro logo
Business Developments & Projects

Fugro’s largest-ever Asia Pacific award is for Eni’s deepwater gas fields

The Netherlands-headquartered Fugro is set to perform site investigations for Italy’s energy giant Eni in Indonesia under its largest-ever award in the Asia Pacific (APAC) region. In its latest financial results report, Fugro revealed it had been tasked with a site characterisation program for the d

about 1 year ago
Shelf Drilling secures more work for jack-up rig off Egypt
Business Developments & Projects

Shelf Drilling nets new Vietnam contract and Gulf of Suez extension

UAE-based Shelf Drilling has won a short-term contract for one vessel from its fleet and secured an extension for another one.

about 1 year ago
Admarine 510 jack-up rig; Source: ADES
Business Developments & Projects

ADES makes $380M takeover bid for Shelf Drilling

A subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has signed an agreement with UAE-headquartered offshore drilling contractor Shelf Drilling to acquire the latter.

about 1 year ago
Yinson GreenTech delivers battery system for hybrid research vessel in Middle East
Business Developments & Projects

Yinson GreenTech delivers battery system for hybrid research vessel in Middle East

Yinson GreenTech has delivered a 1.2 MWh ABS-certified marine battery system, developed in collaboration with CALB Group, for integration into a hybrid research and survey vessel for an undisclosed oil and gas company in the Middle East.

about 1 year ago
Noatum Maritime establishes Shanghai office as part of global expansion strategy
Business Developments & Projects

Noatum Maritime establishes Shanghai office as part of global expansion strategy

UAE-based Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, has opened its first office in Shanghai, China, as part of the Group’s international expansion strategy.

about 1 year ago
An offshore platform
Business Developments & Projects

BP and Eni set their cap on stepping up Mediterranean oil & gas game

Two European energy giants, the UK-headquartered BP and Italy’s Eni, have signed on the dotted line to pursue hydrocarbon exploration activities in the Mediterranean Sea, which will lend Egypt a helping hand in augmenting the Middle Eastern country’s oil and gas production volume.

about 1 year ago
ADNOC Gas' Das Island LNG facility; Source: HS Switchgear FZCO
Business Developments & Projects

UK player’s decarbonization tech kicks off its test run at ADNOC’s oil & gas assets

Oxford Flow, the UK-headquartered valve solution and flow control equipment specialist, has embarked on a trial of its new valve technology at two oil and gas assets operated by the UAE-headquartered Abu Dhabi National Oil Company (ADNOC) to demonstrate the commercial and environmental benefits of t

about 1 year ago
Fugro picks up survey contracts for UAE field developments
Business Developments & Projects

Fugro picks up survey contracts for UAE field developments

The Netherlands-headquartered Fugro has secured a series of contracts for offshore and onshore site surveys in the United Arab Emirates, supporting two of the country’s largest energy field development programs. Work is set to begin in August 2025. The scope includes geophysical and geotechnical inv

about 1 year ago
FRV taps Envision Energy for large-scale green ammonia project at Port of Pecém
Business Developments & Projects

FRV taps Envision Energy for large-scale green ammonia project at Port of Pecém

FRV has selected Envision Energy as its strategic partner for H2 Cumbuco, a large-scale green ammonia project located within the renewable hydrogen hub of the Port of Pecém, Brazil.

about 1 year ago
LNG carrier Mesaieed
Business Developments & Projects

Knutsen receives second LNG carrier for QatarEnergy charter, eight more to follow

Norwegian shipping company Knutsen has taken delivery of a liquefied natural gas (LNG) carrier that will be chartered to QatarEnergy.

about 1 year ago
AD-80 offshore drilling rig
Business Developments & Projects

Saudi Arabia’s drilling player nets first international contract

Saudi Arabia’s Arabian Drilling has signed a contract with an undisclosed company from the Gulf Cooperation Council (GCC).

about 1 year ago