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Business Developments & Projects

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High Island II jack-up rig; Source: Shelf Drilling
Business Developments & Projects

Aramco hits pause button on ops of another Shelf Drilling jack-up rig

Shelf Drilling has confirmed the receipt of one more notice of temporary suspension of operations for another jack-up rig working off the coast of Saudi Arabia in the Middle East, as Aramco, the country’s energy giant, continues its rig suspension spree.

about 1 year ago
High Island IV jack-up rig; Source: Shelf-Drilling
Business Developments & Projects

Aramco suspends ops for Borr and Shelf Drilling rigs for up to a year

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Borr Drilling and Shelf Drilling have received notices of temporary suspension of operations for two jack-up rigs working for Aramco, Saudi Arabia’s energy giant, in the Middle East.

about 1 year ago
António Guterres, UN Secretary-General, delivers remarks at the opening of the World Leaders Climate Action Summit at COP29 in Baku, Azerbaijan; Credit: UNFCCC/Kiara Worth
Business Developments & Projects

COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas

Many proponents of taking a stronger stance on global climate action are hoping for a pivotal shift in the final text of the 29th Conference of the Parties (COP29), which will turn the tide once and for all in favor of renewables by unlocking trillions required to pay the net zero bill while pulling

16 minutes read
A large vessel at sea
Business Developments & Projects

ADNOC to supply India with LNG until 2036

ADNOC Gas, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has signed a ten-year liquefied natural gas (LNG) sales and purchase agreement (SPA) with India’s state-owned natural gas player GAIL.

about 1 year ago
SEFE, Eletrobras and EnerTech ally to supply green hydrogen to Germany
Business Developments & Projects

SEFE, Eletrobras and EnerTech ally to supply green hydrogen to Germany

Germany’s Securing Energy for Europe (SEFE), Brazil’s Eletrobras and Kuwaiti EnerTech have signed a joint study agreement (JSA) to supply Germany with 200,000 tons of green hydrogen per year produced from Brazilian hydropower, starting by 2030.

about 1 year ago
People sitting on stage at a panel
Business Developments & Projects

OGDC’s inaugural survey: progress made with emission cuts, but more work needed on reporting

The Oil & Gas Decarbonization Charter (OGDC) platform has published its first baseline report relating to priority areas for greenhouse gas (GHG) emissions reduction and the progress its signatories achieved in meeting their commitments.

about 1 year ago
French energy company to work on e-methanol project on Haropa Port site
Business Developments & Projects

French energy company to work on e-methanol project on Haropa Port site

As part of the ‘West A29’ call for projects, French renewable energy company Qair has been awarded a parcel on the Haropa Port site, in Le Havre, to develop its e-methanol production project Methavert.

about 1 year ago
Sur plant; Source: Oman LNG
Business Developments & Projects

US firm snaps up FEED job on LNG expansion project tackling energy trilemma

KBR has secured a front-end engineering design (FEED) deal to boost a liquified natural gas (LNG) arsenal at a project on the southeastern coast of the Arabian Peninsula in the Middle East.

about 1 year ago
Al Shaheen field in Qatar; Source: North Oil Company (NOC)
Business Developments & Projects

UK firm gets job on next phase of Qatar’s largest oil field

CRC Evans has been hired to handle welding services on a project designed to expand production at an oil field, which is said to be the largest one off the coast of Qatar.

about 1 year ago
Rendering of processing plants onshore with an LNG vessel in the background
Business Developments & Projects

ADNOC ceding stake in huge LNG project to subsidiary for $5 billion

(ADNOC) intends to transfer its entire stake in the low-carbon Ruwais liquefied natural gas (LNG) project, currently under development in the United Arab Emirates (UAE), to its affiliate ADNOC Gas.

about 1 year ago
SAFEEN Group’s electric tug wins Guinness World Records title
Business Developments & Projects

SAFEEN Group’s electric tug wins Guinness World Records title

SAFEEN Group, a maritime services provider and part of the UAE-based AD Ports Group, in collaboration with Dutch major Damen Shipyards, has achieved a Guinness World Records title for the most powerful electric tugboat.

about 1 year ago
a large vessel at sea
Business Developments & Projects

QatarEnergy joining Chevron’s West Mediterranean exploration project ahead of drilling ops

Qatar’s state-owned energy giant QatarEnergy has inked an agreement with U.S.-headquartered oil major Chevron to buy a working interest in the concession agreement for a block in the Mediterranean Sea offshore Egypt.

about 1 year ago
Ocean Apex rig; Source: Diamond Offshore, now part of Noble Corporation
Business Developments & Projects

Transocean, Noble, Valaris, Borr, and Odfjell Drilling fleets’ $23 billion backlog spotlights state of play in booming rig market

Transocean, Noble Corporation, Valaris, Borr Drilling, and Odfjell Drilling have secured a combined total backlog of $23.22 billion in the third quarter of 2024, which is higher than $23.03 billion in the second quarter of 2024 and $22.7 billion in the third quarter of 2023.

24 minutes read
First sales and purchase agreement inked for UAE's low-carbon LNG project
Business Developments & Projects

First sales and purchase agreement inked for UAE’s low-carbon LNG project

Abu Dhabi National Oil Company (ADNOC) has signed a sales and purchase agreement (SPA) with Germany’s Securing Energy for Europe (SEFE) for the long-term supply of low-carbon liquefied natural gas (LNG) from the Ruwais LNG plant in the UAE, set to be the first LNG export facility in the Middle East

about 1 year ago