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Business Developments & Projects

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FPSO Baobab Ivoirien; Source: Drydocks World
Business Developments & Projects

MODEC puts Drydocks World in charge of FPSO revamp

Drydocks World has been tasked with refurbishment and life extension works to enable a new lease on life for a floating production, storage, and offloading (FPSO) vessel, which is expected to stay at its post in West Africa for 15 more years once the enhancement activities are out of the way.

about 1 year ago
Aramco completes acquisition of 50% stake in Air Products Qudra’s hydrogen business
Business Developments & Projects

Aramco completes acquisition of 50% stake in Air Products Qudra’s hydrogen business

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Aramco has completed the acquisition of a 50% equity interest in Blue Hydrogen Industrial Gases Company (BHIG), a subsidiary of Air Products Qudra (APQ).

about 1 year ago
First LNG-fueled PCTC delivered to AD Ports’ Noatum Maritime
Business Developments & Projects

First LNG-fueled PCTC delivered to AD Ports’ Noatum Maritime

Noatum Maritime, part of AD Ports Group, has welcomed the first LNG-powered pure car and truck carrier (PCTC) to its fleet.

about 1 year ago
Rawabi Vallianz offshore jack-up barge (JUB) 610; Source: Ocean Oilfield
Business Developments & Projects

UAE player wraps up refurbishment and activation job for jack-up barge

Abu Dhabi-headquartered Ocean Oilfield Integrated Solutions has finished its upgrade activation assignment for a jack-up barge, awarded by Rawabi Vallianz.

about 1 year ago
A jackup barge
Business Developments & Projects

One new gig and two extensions keeping GMS vessels busy in Middle East

Gulf Marine Services (GMS), a UAE-headquartered provider of self-propelled and self-elevating support vessels for the offshore energy sector, has picked up a new contract for a vessel from its fleet in the Middle East.

about 1 year ago
DP World and Maersk pen long-term agreement to expand maritime services in Brazil
Business Developments & Projects

DP World and Maersk pen long-term agreement to expand maritime services in Brazil

Dubai-based terminal operator DP World has signed a long-term strategic agreement with Danish shipping giant Maersk to expand maritime services at its terminal in the Port of Santos, Brazil.

about 1 year ago
Prinos is situated in the vicinity of Kavala NE Greece operated by Energean; Source: EnEarth
Business Developments & Projects

$945 million sale deal for ‘high-quality’ assets on shaky ground as uncertainty abounds

Energean has spotted potential clouds that are gathering on the divestment horizon for its portfolio in Egypt, Italy, and Croatia with an enterprise value (EV) of up to $945 million, of which $820 million is firm.

about 1 year ago
Dozens of people standing in several rows at a steel-cutting ceremony
Business Developments & Projects

Qatar’s LNG fleet expansion coming along as Hanwha cuts steel for 8 newbuilds

South Korea’s shipbuilder Hanwha Ocean has hosted a steel-cutting ceremony for eight new liquefied natural gas (LNG) carriers being built as part of QatarEnergy’s historic LNG fleet expansion project. The vessels will be owned and operated by Qatar Gas Transport Company (Nakilat).

about 1 year ago
Hugin A module; Source: Aker BP
Business Developments & Projects

WATCH: ‘Key’ piece of North Sea oil & gas platform ready for next stage

Drydocks World Dubai, a part of DP World, has slid the final section of a module into place for a new platform destined for deployment at an oil and gas development in the North Sea, off the coast of Norway.

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

BP to fast-track tie-backs as drilling ops with Valaris rig unleash more gas

BP has made another gas discovery in the Mediterranean region within the Egyptian Exclusive Economic Zone (EEZ).

about 1 year ago
MacGregor crane to be fitted onto China-built dive support vessel
Business Developments & Projects

MacGregor crane to be fitted onto China-built dive support vessel

MacGregor, part of Cargotec, has secured a contract for the delivery of a 100T AHC crane for a dive support vessel (DSV) being built in China. The crane delivery to the Guangzhou Salvage shipyard, for the vessel owned by Saudi Arabian Jana Marine Service Company (JMS), is scheduled in the second qua

about 1 year ago
Two men standing next to each other
Business Developments & Projects

ADNOC secures fourth sales and purchase deal for Ruwais LNG

Abu Dhabi National Oil Company (ADNOC) has signed a liquefied natural gas (LNG) sales and purchase agreement (SPA) with Japan’s Osaka Gas.

about 1 year ago
STAX Engineering gets funding boost, launches carbon capture trials with Seabound
Business Developments & Projects

STAX Engineering gets funding boost, launches carbon capture trials with Seabound

STAX Engineering has secured a $70 million funding boost, alongside launching new carbon capture trials with Seabound.

about 1 year ago
REGENT
Business Developments & Projects

Electric seagliders enter the UAE market with a bang as REGENT unveils new JV

REGENT Craft, a US-based developer and manufacturer of all-electric seagliders, has signed an initial agreement with Strategic Development Fund (SDF), an Abu Dhabi-based investment company wholly owned by EDGE Group, to form a joint venture for manufacturing seagliders in the UAE.

about 1 year ago