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Business Developments & Projects

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Business Developments & Projects

Steady growth propels DP World past 100 million TEUs handled

The UAE-headquartered logistics heavyweight DP World has passed a “momentous” milestone, having surpassed 100 million TEUs of container handling capacity across its global portfolio since its inception. As disclosed, over the past ten years, DP World has invested over $11 billion in strategic invest

about 1 year ago

Business Developments & Projects

DNV: LNG dominated alternative-fuel ship orderbook in ‘exceptional newbuilding’ year

Described as the maritime industry’s “exceptional newbuilding year”, 2024 yielded a record number of LNG-fueled ship deliveries, according to the latest data from DNV’s AFI platform.

about 1 year ago

An illustration of an LNG processing facility

Business Developments & Projects

CNPC unit and Petrofac among winners of $2.1B infrastructure contracts for ADNOC’s Ruwais LNG

ADNOC Gas, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has awarded three contracts related to the construction of infrastructure at its future liquefied natural gas (LNG) complex in Al Ruwais Industrial City, Abu Dhabi. The contracts with a combined value of $2.1 billion encompass works

about 1 year ago

Business Developments & Projects

Emirati company wins $1B contract for subsea gas pipeline in Taiwan

UAE’s NMDC Energy, formerly known as National Petroleum Construction Company, has secured a $1.136 billion engineering, procurement, and construction (EPC) contract with a Taiwanese company for the installation of subsea gas pipelines, among other things, for the renewal of a power plant in Taiwan.

about 1 year ago

Illustration; Source: ADNOC Logistics and Services

Business Developments & Projects

ADNOC L&S acquires 80% stake in Navig8 for $1.04 billion

In a deal worth $1.04 billion (AED 3.8 billion), ADNOC Logistics and Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has acquired an 80% stake in Navig8 TopCo Holdings, a provider of shipping management services.

about 1 year ago

Business Developments & Projects

With first bunkering operation under the belt, Monjasa pioneers LNG as marine fuel in UAE

Marine fuels supplier Monjasa has completed the UAE’s first LNG bunkering operation.

about 1 year ago

Business Developments & Projects

Batch of onshore and offshore drilling jobs brings $513 million to KCA Deutag

KCA Deutag has landed new multimillion-dollar drilling assignments and extensions across the Middle East, Africa, Latin America, and the UK.

about 1 year ago

Business Developments & Projects

Oman LNG delivers first cargo from 10-year deal to its largest offtaker Shell

Oman LNG has delivered its first liquefied natural gas (LNG) cargo to the UK-headquartered energy major Shell under the pair’s latest long-term agreements.

about 1 year ago

Business Developments & Projects

DP World and Gemini Cooperation to bolster cargo operations in Canada

Dubai-based terminal operator DP World has shaken hands with the Gemini Cooperation to “enhance” cargo operations across Canada. As disclosed, commencing from February 2025, the DP World is set to introduce several new container services at its terminals at the Port of Prince Rupert, the Port of Van

about 1 year ago

Business Developments & Projects

Levelling up maritime decarbonization game: Captain Arctic, a new solar sails/electric cruise ship concept

The year 2024 was marked by innovative projects in the maritime industry which witnessed the increased adoption of various wind propulsion solutions. Toward year’s end, a ‘revolutionary’ new solar sails-equipped cruise ship concept hit the headlines.

about 1 year ago

Business Developments & Projects

Executive takes on third role at Vantage Drilling

Offshore drilling contractor Vantage Drilling International has assigned an additional role of Chief Operating Officer (COO) to its current Chief Commercial Officer (CCO) and Chief Technology Officer (CTO). William “Bill” L. Thomson assumed the additional role as of January 1, 2025, reporting direct

about 1 year ago

Business Developments & Projects

Strategic Marine delivers ‘revolutionary’ offshore crew transfer vessel to AES

Singapore-based shipbuilder Strategic Marine has delivered its first surface effect ship (SES) to All Energies Services (AES), an operator of offshore supply vessels focusing on the West African and Middle East markets.

about 1 year ago

Business Developments & Projects

‘New milestone’ for ADNOC’s trading arm thanks to LNG deal with Thai player

ADNOC Trading, a unit of UAE’s oil and gas giant Abu Dhabi National Oil Company (ADNOC), has signed a liquefied natural gas (LNG) trading supply agreement with Thailand’s Gulf LNG.

about 1 year ago

Business Developments & Projects

Energy outlook: Uncertainty and ‘resilient’ oil & gas to run the energy show in 2025

The world at large still runs on coal, oil, and gas, with the lion’s share of the energy mix controlled by these fuels.

14 minutes read