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Business Developments & Projects

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Offshore Energy’s top five hydrogen stories of 2024
Business Developments & Projects

Offshore Energy’s top five hydrogen stories of 2024

Hydrogen is considered one of the key components of global decarbonization, with countries setting ambitious capacity and demand targets. In 2024, governments and companies worldwide increased their investments and announced new partnerships and projects, recognizing hydrogen’s potential to decarbon

about 1 year ago
Noble Interceptor jack-up rig; Source: Noble Corporation
Business Developments & Projects

Greening offshore drilling: Rigs powered by alternative fuels in pursuit of low-emission era

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As the offshore energy industry continues its gradual shift to low-carbon and renewable energy sources, offshore drilling players are intensifying their efforts to slash emissions on the path to a sustainable future. While drilling rigs largely run on diesel, which creates electricity to power the m

16 minutes read
FPSO EmissionZero; Source: SBM Offshore
Business Developments & Projects

Harnessing cutting-edge technologies to shape next-generation FPSO future

While floating production storage and offloading (FPSO) units continue to dominate the deepwater offshore oil and gas projects’ scene, these systems are being adopted for offshore green energy production to unleash clean power from renewables.

13 minutes read
Wireless EV charging provider InductEV joins Zero Emissions Port Alliance
Business Developments & Projects

Wireless EV charging provider InductEV joins Zero Emissions Port Alliance

U.S. wireless EV charging provider InductEV has joined the Zero Emissions Port Alliance (ZEPA), an industry-wide strategic coalition aiming to accelerate port decarbonization by making battery-electric container handling equipment (BE-CHE) affordable and accessible.

about 1 year ago
Noble Developer rig; Source: Noble
Business Developments & Projects

Rig market, oil & gas mergers and JV blockbuster moves mark 2024

A consolidation wave is sweeping across the challenging and shifting global energy landscape, as companies in the hydrocarbon exploration and production (E&P) and offshore drilling domains, alongside others across the entire energy industry and supply chain, race to secure their spots among the top

14 minutes read
Rendering of an LNG terminal
Business Developments & Projects

Report calls LNG ‘a false solution’ harming the climate, urging banks to stop financing export terminals

Non-governmental research and campaigning organization Reclaim Finance and BankTrack, an international tracking, campaigning, and civil society support organization targeting private sector commercial banks and the activities they finance, have published a report asking banks to stop financing lique

about 1 year ago
Offshore Energy Recap 2024
Business Developments & Projects

Readers’ choice: Offshore Energy’s most-read news of 2024

With increasing coverage of global energy transition efforts, but also energy security worries, keeping up with everything can be a challenge. To celebrate the year gone by, the Offshore Energy editorial team brings you the most-read stories on the site that defined the journey throughout 2024. $30

about 1 year ago
Illustration; Source: TotalEnergies
Business Developments & Projects

2024 energy plays in review: Uptick in renewables and clean tech, but oil & gas still hold energy security keys

As another turbulent year for the energy markets, 2024 witnessed a further escalation in geopolitical tensions and conflicts, leading to a mixed bag of achievements, missed opportunities, and rough energy seas not only for the goal of tripling clean sources of supply but also for dominant fossil fue

50 minutes read
An offshore platform
Business Developments & Projects

Rex ending the year with corporate restructuring to pursue growth opportunities

Masirah Oil, an affiliate of Singapore’s oil exploration and production company Rex International Holding, has repurchased some shares from its wholly-owned subsidiary, Rex Oman.

about 1 year ago
Al Jurf and Dana jack-up rigs; Source: ADNOC Drilling
Business Developments & Projects

ADNOC Drilling enriches its jack-up fleet with two high-spec rigs

ADNOC Drilling has disclosed the arrival of two premium offshore jack-up drilling rigs in the Middle Eastern country’s waters.

about 1 year ago
Illustration; Source: ADNOC Drilling
Business Developments & Projects

‘New benchmark’ for triad’s drilling JV with delivery of first wells under 20 days

Three players, two incorporated in the United States (U.S.) and one in the Middle East, recently set up a new joint venture, named Turnwell, which has ticked off its list the first batch of wells in its initial 144-well program under 20 days.

about 1 year ago
DP World
Business Developments & Projects

‘First-ever’ blue bond in MENA region sees light of day

Dubai-based terminal operator DP World has issued a staggering $100 million blue bond, becoming the first company in the Middle East to mark this ‘milestone’. According to DP World, the blue bond will aim to fund environmentally friendly projects across marine transportation, port infrastructure, ma

about 1 year ago
enersea2
Business Developments & Projects

Cable carousels for Scottish cable factory under construction in Dubai

UAE’s Subsea Cable Assets (SCA) has begun the production of cable carousels destined for Sumitomo Electric’s cable factory in Scotland. The Dubai-based EPIC contractor SCA has appointed the Dutch Enersea to design six cable carousels and loading towers for the Japanese end customer. The carousels ar

about 1 year ago
Main Pass I jack-up rig; Source: Shelf Drilling
Business Developments & Projects

After rig suspension, Shelf Drilling releases 42-year-old jack-up from active duty

Shelf Drilling has decided to remove its 1982-built jack-up rig from active service, following a recent suspension of operations in the Middle East.

about 1 year ago