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Business Developments & Projects

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IMO
Business Developments & Projects

Monjasa gearing up to introduce LNG bunkering operations in UAE

Marine fuels supplier Monjasa has chartered its first dedicated LNG bunker vessel which is expected to be deployed in the United Arab Emirates (UAE) in January 2025.

about 1 year ago
Two men sitting behind a desk signing documents
Business Developments & Projects

Third formal deal sealed for ADNOC’s mega LNG project

Abu Dhabi National Oil Company (ADNOC) has signed a sales and purchase agreement (SPA) with Germany’s energy supply company EnBW Energie Baden-Württemberg (EnBW) for gas from its lower-carbon Ruwais liquefied natural gas (LNG) project. The deal for supplying 0.6 million tonnes per annum (mtpa) of LN

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about 1 year ago
Hydrogen Council elects new board members
Business Developments & Projects

Hydrogen Council elects new board members

The Hydrogen Council, a global coalition of CEOs with a united vision and long-term ambition for hydrogen, has appointed Masdar, Siemens Energy, and Yara Clean Ammonia as its newest Board members.

about 1 year ago
Zohr field; Source: Eni
Business Developments & Projects

BP and ADNOC’s XRG bring new gas player into existence

BP and ADNOC, through its recently established investment arm, XRG, have given birth to Arcius Energy, a new regional gas platform, with an initial focus on the development of gas assets in Egypt.

about 1 year ago
Ostwind 4
Business Developments & Projects

50Hertz awards contract for Ostwind 4 offshore grid connection in Germany

UAE-based Drydocks World, in partnership with GE Vernova, has secured a contract to build and install Ostwind 4, a 2 GW offshore wind grid connection in Germany. Ostwind 4 will connect Baltic Sea offshore wind farms to the national grid using high-voltage direct current (HVDC) technology. This will

about 1 year ago
ADNOC
Business Developments & Projects

ADNOC receives European Commission’s stamp of approval in Navig8 acquisition

The European Commission has approved the acquisition of sole control of Navig8 Topco Holdings by Abu Dhabi Marine Business and Services Company (ADNOC) and the restructuring of ownership for the former’s subsidiary, Integr8 Fuels Holding, granting joint control of it to ADNOC and Navig8 Limited. As

about 1 year ago
FSRU Energos Eskimo; Source: Energos Infrastructure
Business Developments & Projects

US firm’s FSRU embarking on decade-long job in summer

U.S. energy infrastructure player New Fortress Energy (NFE) has confirmed a new multi-year assignment for a floating storage and regasification unit (FSRU), which has been booked by Egypt’s state-owned Egyptian Natural Gas Holding Company (EGAS). Shortly after EGAS revealed a deal to lease an undisc

about 1 year ago
Subsea7 filling out 2026 offshore agenda with Aramco and Shell contracts
Business Developments & Projects

Subsea7 filling in 2026 offshore agenda with Aramco and Shell contracts

Subsea7 has secured two contracts, one with Saudi Arabia’s energy heavyweight Aramco and the other with UK energy giant Shell, for the delivery of subsea infrastructure in Saudi Arabia and the Gulf of Mexico. The long-term agreement with Aramco is seen as substantial, meaning it is worth between $15

about 1 year ago
Oman set to launch third green hydrogen tender in early 2025
Business Developments & Projects

Oman set to launch third green hydrogen tender in early 2025

Hydrom, an entity orchestrating Oman’s national interest in green hydrogen, has unveiled plans to launch the third round of public bidding on lands for green hydrogen projects in the first quarter of 2025.

about 1 year ago
Hydrom and thyssenkrupp nucera eye joint hydrogen opportunities in Oman
Business Developments & Projects

Hydrom and thyssenkrupp nucera eye joint hydrogen opportunities in Oman

Hydrom, an entity orchestrating Oman’s national interest in green hydrogen, and thyssenkrupp nucera, the hydrogen business of German-based engineering company thyssenkrupp, have signed a memorandum of understanding (MoU) to work together in supporting the growing green hydrogen sector in Oman, with

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

Multi-vessel deal sets the seal on QatarEnergy’s massive LNG shipbuilding quest

QatarEnergy has crossed the finish line for its historic LNG fleet expansion program by inking long-term time charter party (TCP) agreements with the joint venture (JV) of Japan’s Mitsui O.S.K Lines Ltd. (MOL) and China’s COSCO Shipping LNG Investment (Shanghai) Co. Ltd. (CSLNG) for six QC-Max size

about 1 year ago
Gas leak at Nord Stream 2 pipeline as seen from a Danish F-16 interceptor near Bornholm, Denmark on 27 September 2022.
Business Developments & Projects

Hybrid warfare paints ‘gray zone’ targets on shipping and offshore energy infrastructure

With the swift surge in geopolitical upheavals, a rising tide of offshore security risks is playing out across the globe, putting vessels, undersea cables, and offshore oil and gas installations in danger of increasingly becoming sitting ducks for “gray zone” attacks, which WTW interprets as actions

about 1 year ago
Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy; Source: QatarEnergy
Business Developments & Projects

US-Qatar oil & gas ties are ‘win-win’ but EU’s green agenda bound to cause exodus, QatarEnergy’s CEO warns

QatarEnergy’s CEO has pinpointed the potential detriments the EU’s new sustainability rules may bring, including energy security woes for the top global liquefied natural gas (LNG) import market, given the high penalties gas and LNG importing club members.

about 1 year ago
Inna Braverman Founder and CEO of Eco Wave Power and Idit Silman, Minister of Environmental Protection, Yaron Klein- CEO of Atarim, Ayalon Vaniche, CEO of EDF Renewables IL, Ron Huldai Mayor of Tel Av
Business Developments & Projects

Middle East’s first grid-connected wave energy array goes live

Wave energy developer Eco Wave Power and EDF Renewables have unveiled what is said to be the Middle East’s first grid-connected wave energy power station at Jaffa Port. According to Eco Wave Power, the installation, now operational, has begun exporting clean electricity to the national grid under a

about 1 year ago