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Business Developments & Projects

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Fossil EnergyOil & GasBusiness & FinanceVesselsProduction & ProcessingSubseaEquipmentOutlook & StrategyTechnologyHuman CapitalMarket OutlooksResearch & DevelopmentFPSO & VesselsSurveys & InterventionsVessels & VehiclesProject & TendersClean FuelFunding & RegulationHydrogenGreen MarinePorts & InfrastructureCollaborationInfrastructurePorts & LogisticsBiofuelsElectricInnovationCablingExploration & ProductionEventsLow-Carbon TransitionRigsCarbon Capture Usage & StorageEnvironmentTransitionLiquefied Natural GasPropulsionOperations & MaintenanceDeepwater Installation
A large vessel at sea
Business Developments & Projects

Four LNG carriers for QatarEnergy’s expanding fleet named in South Korea

Qatar’s state-owned energy giant QatarEnergy has inaugurated four new liquefied natural gas (LNG) vessels built at the Samsung Heavy Industries (SHI) and Hanwha Ocean shipyards in South Korea.

about 1 year ago
ADNOC-Alpha Dhabi JV buying US downhole visualization company for $45 million
Business Developments & Projects

ADNOC Drilling-Alpha Dhabi JV buying US downhole visualization company for $45 million

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A joint venture (JV) of UAE’s ADNOC Drilling and Alpha Dhabi is set to acquire a U.S.-headquartered provider of vision-based diagnostics and analytics services for the oil & gas sector for a consideration of approximately $45 million. The partners’ Enersol JV has agreed to acquire a 100% equity stak

about 1 year ago
An engineer wearing safety harness onboard a vessel
Business Developments & Projects

Younger generations key to securing energy sector’s future and tackling skills deficit, report suggests

As part of its My Energy Future initiative, the global non-profit safety and skills body for the energy industry OPITO has published a report on barriers preventing young people from entering the energy sector to glean insights into the steps stakeholders might take to make the industry more appeali

about 1 year ago
Singaporean company enters Middle East with maiden oil & gas contract in Arabian Gulf
Business Developments & Projects

Singaporean company enters Middle East with maiden oil & gas contract in Arabian Gulf

Singapore’s offshore marine solutions company PACC Offshore Services Holdings (POSH), part of the Kuok Maritime Group, is extending its subsea construction capabilities into the Middle East with the award of a maiden contract in the Arabian Gulf. POSH has secured a subsea umbilicals, risers and flow

about 1 year ago
Investment companies to collaborate on energy transition projects in Middle East
Business Developments & Projects

Investment companies to collaborate on energy transition projects in Middle East

Saudi Arabia-based Hassana Investment Company and U.S.-based EIG have signed a memorandum of understanding (MoU) to collaborate on infrastructure and energy transition projects in the Middle East.

about 1 year ago
New partnership seeks to develop ports, logistics and maritime infrastructure in Vietnam
Business Developments & Projects

New partnership seeks to develop ports, logistics and maritime infrastructure in Vietnam

Vietnam’s Vingroup JSC and Abu Dhabi-based AD Ports Group have signed a memorandum of understanding (MoU) to jointly explore developing and modernizing ports, logistics and maritime infrastructure in Vietnam.

about 1 year ago
SAFEEN Green, a remotely operated unmanned vessel (USV) that operates entirely on renewable electric power or biofuel.
Business Developments & Projects

UAE’s unmanned vessel entirely powered by renewables enters offshore sector

SAFEEN Subsea, part of AD Ports Group’s Maritime & Shipping Cluster, has launched SAFEEN Green, a remotely operated unmanned vessel (USV) that operates entirely on renewable electric power or biofuel. According to AD Ports Group, the USV is designed to revolutionize marine surveys and inspections us

about 1 year ago
Chinese manufacturer sends off cable for oilfield expansion project off Saudi Arabia (Video)
Business Developments & Projects

China-produced subsea cable on its way to oilfield expansion project off Saudi Arabia (Video)

China’s ZTT Submarine Cable & System has sent off the submarine cable destined for Saudi Aramco’s field expansion project towards the project site located offshore Dhahran, Saudi Arabia. Zuluf, described as a giant offshore oil field located in the Arabian Gulf, approximately 240 kilometers north of

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

Isle of Man-based oil & gas firm passes the operator baton to Chevron for offshore block in Uruguay

Challenger Energy Group (CEG) has wrapped up the divestment of a majority stake in a shallow water exploration block off the coast of Uruguay. As a result, Chevron Uruguay Exploration, a wholly-owned subsidiary of the U.S.-based energy giant Chevron, is the block’s new operator.

about 1 year ago
Ocean Onyx semi-submersible rig; Source: Noble
Business Developments & Projects

Noble anticipates step-up in floater rig demand as deepwater oil & gas plays become ‘critical’ to global energy security

Noble Corporation is expecting a ramp-up in drilling demand for the floater fleet from late 2025 and 2026, which will spur further rig reactivations, as it perceives the oil and gas production from deepwater reservoirs as an important factor in the global security of energy supply.

about 1 year ago
Wärtsilä and Qatar Shipyard shake hands on eco-friendly maintenance and repair services
Business Developments & Projects

Wärtsilä and Qatar Shipyard shake hands on eco-friendly maintenance and repair services

Finnish technology group Wärtsilä has signed a memorandum of understanding (MoU) with Qatar Shipyard Technology Solutions, a joint venture between Nakilat and Keppel Offshore & Marine, related to maintenance and repair services involving eco-friendly technology, decarbonization, and dual-fuel conver

about 1 year ago
Courtesy of Subsea7
Business Developments & Projects

BP’s deal enabling Subsea7 and SLB-led OneSubsea to devise ‘fit-for-project’ solutions

BP has penned a global frame agreement with Subsea Integration Alliance, a strategic alliance between SLB’s OneSubsea and Subsea7.

about 1 year ago
MIP2 project offshore Saudi Arabia; Source: Subsea7
Business Developments & Projects

Subsea7 employs new installation method at Aramco’s giant offshore oil & gas project (Gallery)

Subsea7 has used tugs and soft mooring lines connected to a jacket for barge docking for the first time without the deployment of anchors on the seabed to complete installation works at an oil and gas project off the coast of Saudi Arabia.

about 2 years ago
Al Shaheen field offshore Qatar; Source: Hengtong
Business Developments & Projects

Expansion of Qatar’s huge 30-year-old oil field brings subsea cable order to Hengtong

Hengtong will manufacture and construct the submarine fiber optic cable system, including branch units for a project, which is said to be the most important and strategic one for the future of Qatar’s largest offshore oil field.

about 2 years ago