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Business Developments & Projects

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Business Developments & Projects

Aramco keeps its energy and maritime bonds with UAE player going with new extension

UAE-based offshore fabrication contractor Lamprell has got a hold of an extension of its multi-year deal with Aramco, Saudi Arabia’s energy heavyweight.

about 1 year ago

Business Developments & Projects

United Global Ro-Ro cheers maiden call of newbuild LNG-powered PCTC at Khalifa Port

The maiden call of a newbuild LNG-powered pure car and truck carrier (PCTC) at Autoterminal Khalifa Port has marked a new milestone for United Global Ro-Ro.

about 1 year ago

Business Developments & Projects

Texan piping company bags over $27M for projects in MENA and the Americas

Texas-headquartered Perma-Pipe International has secured several projects in the Americas and the Middle East and North Africa (MENA) region that have a combined value of over $27 million. Perma-Pipe said that the projects would use its anti-corrosion coating capabilities and the XTRU-THERM insulati

about 1 year ago

Business Developments & Projects

Aftermath of IMO’s net-zero framework: ‘Historic’ agreement or ‘total shipwreck’?

During the session held from April 7 to April 11, MEPC 83 approved the IMO Net-Zero Framework, said to be the first in the world to combine mandatory emissions limits and greenhouse gas (GHG) pricing across an entire industry sector.

about 1 year ago

Business Developments & Projects

Energean’s brand-new gas deal bringing revenues of more than $2 billion

Energean has penned a multi-year gas sale and purchase agreement (GSPA) with Kesem Energy to supply natural gas to the latter’s new power plant under construction in Israel’s Rosh Ha’ayin within the Southern Levant region of the Middle East.

about 1 year ago

Business Developments & Projects

GMS finds work for jackup barge in Arab Gulf region

Gulf Marine Services (GMS), a UAE-headquartered provider of self‐propelled, self‐elevating support vessels to the offshore energy industry, has secured a contract for one of its large‐class vessels in the Gulf Cooperation Council (GCC).

about 1 year ago

Business Developments & Projects

Ten-year renewal for ADES rig marks jack-up’s return to drilling work with Aramco

ADES has tucked a multi-year contract renewal in the Kingdom of Saudi Arabia (KSA) under its belt, which enables one of its previously suspended jack-ups to work for Aramco once again.

about 1 year ago

Business Developments & Projects

Indian player wins ‘landmark’ contract for giant field off Qatar

Larsen & Toubro (L&T), an Indian multinational enterprise engaged in engineering, procurement, and construction (EPC), has won a contract with QatarEnergy LNG, a subsidiary of Qatar’s state-owned energy giant QatarEnergy.

about 1 year ago

Business Developments & Projects

Middle East and Guyana on schedule for Saipem under two contracts worth $720M

Italy’s engineering, drilling, and construction services company Saipem has secured two new offshore contracts in the Middle East and Guyana for a total amount of approximately $720 million. The first contract covers engineering, procurement, construction and installation (EPCI) activities for the r

about 1 year ago

Aras Driller jack-up rig; Source: Ocean Oilfield

Business Developments & Projects

44-year old rig crosses the finish line at offshore drilling job in UAE

Ocean Oilfield Integrated Solutions has confirmed the completion of an offshore drilling assignment, which one of its jack-up rigs carried out off the coast of the United Arab Emirates (UAE).

about 1 year ago

Gibraltar wave power plant (for illustration purposes); Source: Eco Wave Power

Business Developments & Projects

Eco Wave Power adds Vistra Energy board member to its advisory board

Wave energy developer Eco Wave Power has appointed Vistra Energy board member Hilary E. Ackermann to its advisory board. According to Eco Wave Power, Ackermann, also a former Chief Risk Officer at Goldman Sachs Bank USA, brings experience in risk management, corporate governance, and clean energy tr

about 1 year ago

Chevron-operated Leviathan gas asset (for illustration); Source: NewMed Energy

Business Developments & Projects

BP and SOCAR join NewMed in grabbing slice of multi-license gas exploration pie off Israel

Israel’s Ministry of Energy and Infrastructure has put its stamp of approval on six licenses in a fourth competitive process for natural gas exploration in the State of Israel’s Exclusive Economic Zone (EEZ). The list of license winners entails Azerbaijan’s SOCAR, NewMed Energy – former Delek Drilli

about 1 year ago

Business Developments & Projects

Additional 57 ports could be upgraded with LNG bunkering facilities by end of 2026

According to Intermodal, it is expected that the LNG bunkering market is poised for substantial expansion in the coming years,

about 1 year ago

Business Developments & Projects

ADNOC’s African footprint grows with acquisition of stake in block off Mozambique

Portugal’s oil and gas company Galp has completed the sale of its upstream assets offshore Mozambique to XRG, a wholly-owned subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC).

about 1 year ago