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Business Developments & Projects

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Fossil EnergyOil & GasProduction & ProcessingSubseaBusiness & FinanceExploration & ProductionOutlook & StrategyProject & TendersRigsAuthorities & GovernmentRegulation & PolicyDecommissioningSurveys & InterventionsCollaborationInfrastructureClean FuelLiquefied Natural GasOther FuelsSafetyVesselsLow-Carbon TransitionFPSO & VesselsGreen MarineMarket OutlooksAutomationIT & SoftwareTechnology
Oceaneering strengthens 20-year presence in Qatar with new five-year contract
Business Developments & Projects

Oceaneering strengthens 20-year presence in Qatar with new five-year contract

Oceaneering International has won a five-year inspection and asset integrity services contract in Qatar, a country it has been operating in for more than 20 years. Awarded following a competitive tender process, the contract includes two optional one-year extensions and has been awarded to Oceaneeri

about 2 months ago
Following upgrades, two jack-up rigs kick off their new drilling gigs
Business Developments & Projects
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Rig trio to head back to work as Middle East conflict-induced suspensions end

Arabian Drilling, said to be Saudi Arabia’s largest onshore and offshore drilling company by fleet size, has been given the green light to return three rigs to their assignments, following temporary suspensions for some offshore rigs in the Arabian Gulf triggered by the conflict in the Middle East.

about 2 months ago
Aquaterra Energy and James Fisher team up to deliver simplified decommissioning
Business Developments & Projects

Aquaterra Energy and James Fisher team up to deliver simplified decommissioning

Aquaterra Energy and James Fisher and Sons have established a decommissioning partnership to offer operators a single, integrated route to plan and execute well abandonment and infrastructure removal programs more efficiently, with fewer interfaces and greater execution certainty. Aquaterra Energy i

about 2 months ago
Al Rekayyat
Business Developments & Projects

Shipping incident: Projectile hits LNG carrier in Strait of Hormuz

Qatar Gas Transport Company (Nakilat), Qatar’s shipping and maritime player, has reported a vessel incident in the Strait of Hormuz.

about 3 months ago
Illustration; Courtesy of MidOcean Energy
Business Developments & Projects

$1.13 billion injection from UAE player fuels growth of EIG’s LNG arm

An investor, headquartered in the United Arab Emirates (UAE), has backed MidOcean Energy, a liquefied natural gas (LNG) player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG), with a billion-dollar investment.

about 3 months ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Business Developments & Projects

UAE’s giant LNG project lines up new deal as Inpex and ADNOC strengthen ties

Inpex Energy Trading Singapore (IETS), a Singapore-based subsidiary of Japan’s largest exploration and production (E&P) player Inpex, has struck a new deal with ADNOC Ruwais Liquefied Natural Gas (ARLNG), an UAE-based subsidiary of Abu Dhabi National Oil Company (ADNOC).

about 3 months ago
LNG vessel at sea
Business Developments & Projects

ADNOC sets up global LNG marketing and trading platform

United Arab Emirates-headquartered energy heavyweight Abu Dhabi National Oil Company (ADNOC) has brought together liquefied natural gas (LNG) marketing activities of ADNOC Gas and XRG with ADNOC Trading into one integrated commercial platform, a move perceived to create one of the leading global LNG

about 3 months ago
MIP2 project offshore Saudi Arabia; Source: Subsea7
Business Developments & Projects

Seven OPEC+ countries up their oil output ante

While maintaining a cautious approach with flexibility to pause or reverse cuts, seven participating oil-producing OPEC+ countries – Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman – have sealed a deal to adjust their production cuts to ensure the stability of oil markets.

about 3 months ago
Illustration; Courtesy of Svanehoj
Business Developments & Projects

Drydocks World hires Svanehoj for LNGC-to-FSU conversion job

Denmark-headquartered marine pumps and liquefied gas safety system specialist Svanehoj has received an order to supply LTD gauging systems for a liquefied natural gas (LNG) carrier (LNGC) to floating storage unit (FSU) (LNGC-to-FSU) revamp, strengthening its position in offshore LNG infrastructure a

about 3 months ago
Prelude FLNG; Source: Shell
Business Developments & Projects

Shell’s LNG forecast anticipates 65% surge in demand by 2050

UK-headquartered energy giant Shell is expecting an uptick in demand for liquefied natural gas (LNG) to nearly 700 million tonnes a year by 2050, following supply disruptions caused by the conflict in the Middle East, which was cushioned by North American supply growth.

about 3 months ago
ADNOC Drilling enriches its rig fleet with the first AI-enabled walking island rig; Courtesy of ADNOC Drilling
Business Developments & Projects

First AI-powered walking island rig enters ADNOC Drilling’s fleet months ahead of schedule

Abu Dhabi-headquartered ADNOC Drilling, one of the Middle East’s drilling and integrated drilling services (IDS) providers, has taken delivery of its first automated walking island rig running on artificial intelligence (AI) technologies, accelerating autonomous offshore operations in the United Ara

about 3 months ago
Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Business Developments & Projects

Investigation into tragic incident ongoing: 13 dead, 66 injured in explosion and fire at QatarEnergy’s gas asset

Qatar’s state-owned oil and gas giant QatarEnergy has confirmed the launch of a probe into an explosion and fire incident that occurred at its liquefied natural gas (LNG) production and export hub, in which multiple workers lost their lives and sustained injuries.

about 3 months ago
Gulf Driller VII aka Perro Negro 11 - Saipem
Business Developments & Projects

Saipem exits Saudi Arabian shallow-water drilling playground with sale of jack-up rig fleet to ADES

Italy’s engineering, drilling, and construction services giant Saipem is divesting its shareholding in Saudi Arabian Saipem (SAS) to close its shallow water drilling chapter in Saudi Arabia, as it continues its shift to deepwater plays. This move enables ADES Holding Company, part of Saudi Arabia-he

about 3 months ago
FSRU Energos Eskimo; Source: Energos Infrastructure
Business Developments & Projects

Energos strengthens East Med energy cooperation through GIAC entrance

Energos Infrastructure, a maritime infrastructure company owned by funds managed by Apollo, has joined the Gas Industry Advisory Committee (GIAC) of the East Mediterranean Gas Forum (EMGF), following approval by all EMGF member countries.

about 3 months ago