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Business Developments & Projects

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Fossil EnergyOil & GasBusiness & FinanceSubseaExploration & ProductionInfrastructureRigsAuthorities & GovernmentMarket OutlooksOutlook & StrategyRegulation & PolicyRules & RegulationEnergy TransitionGreen MarinePorts & InfrastructureCollaborationPorts & LogisticsTechnologyTransitionFPSO & VesselsLow-Carbon TransitionInnovationVesselsAmmoniaClean FuelHydrogenProductionTechnology & InnovationProject & TendersResearch & DevelopmentAlternative FuelsOther FuelsShipbuildingEnvironmentProduction & ProcessingEquipment
Illustration; Source: Gulf Marine Services (GMS)
Business Developments & Projects

GMS looks to the future with hope as it strikes a multimillion-dollar bank deal for debt refinancing

UAE-based Gulf Marine Services (GMS), a provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sector, has sealed a deal with three banks to refinance its bank debt.

about 2 years ago
Hanwha Ocean constructed a new platform for the Al-Shaheen oil field in Qatar, which is on schedule for the sail-away at the end of July 2024; Source: Hanwha Ocean
Business Developments & Projects
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New platform for huge offshore oil field ready for sail-away

South Korea’s Hanwha Ocean is on track to send off a fixed platform to its final destination where it will be installed at Qatar’s largest offshore oil field.

about 2 years ago
Umm Lulu; Source: Technip Energies
Business Developments & Projects

New milestone for Technip Energies, as it wraps up work on mega offshore oil project

Technip Energies has completed all its contractual obligations for the second phase of an offshore oil field in the Arabian Gulf, 30 km northwest of Abu Dhabi, UAE.

about 2 years ago
Ocean Apex rig; Source: Diamond Offshore
Business Developments & Projects

Noble-Diamond Offshore merger process is off to a good start: Will it prompt further rig market consolidation moves?

With two of the world’s top five floating rig contractors merging into one, the market consolidation trend is ripe for further such moves, bringing the possibility of transformation endeavors in existing business models and a potential shift in offshore rig supply and demand dynamics.

about 2 years ago
DP World
Business Developments & Projects

DP World backs decarbonization of Canada’s freight-transportation sector

DP World has joined the Net Zero Supply Chain (NZSC) Initiative, a collaborative effort dedicated to advancing the decarbonization of Canada’s freight-transportation supply chains.

about 2 years ago
Helmerich & Payne
Business Developments & Projects

Helmerich & Payne’s $2 billion KCA Deutag acquisition secures rig fleet boost and top spot in largest oil & gas regions

In pursuit of further growth and diversification, Helmerich & Payne (H&P) has embarked on a business combination with KCA Deutag.

about 2 years ago
FPSO Petrojarl Kong and FSO Yamoussoukro; Source: Eni
Business Developments & Projects

Eni’s revamped FPSO and FSO getting ready to set sail for ‘Africa’s first net-zero emissions’ oil & gas project (Video)

Eni and Altera Infrastructure have held a naming ceremony for an FPSO and FSO, which underwent conversion works for a year.

about 2 years ago
FPSO Energean Power; Source: Energean
Business Developments & Projects

UK firm greenlights $1.2 billion gas project offshore Israel

With a 30-year production license in hand, Energean has made a final investment decision (FID) for a phased development off the coast of Israel.

about 2 years ago
KBR’s technology selected for hydrogen and ammonia project in Oman
Business Developments & Projects

KBR’s technology selected for hydrogen and ammonia project in Oman

Shell has chosen KBR’s ammonia synthesis loop technology for its Blue Horizons low-carbon hydrogen and ammonia project in Duqm, Oman.

about 2 years ago
ADNOC L&S joint venture pouring $1.9 billion into new dual-fuel ethane and ammonia carriers
Business Developments & Projects

ADNOC L&S joint venture pouring $1.9 billion into new dual-fuel ethane and ammonia carriers

ADNOC L&S joint venture awarded contracts worth $1.9 billion to Jiangnan Shipbuilding for the construction of nine VLECs and two VLACs.

about 2 years ago
8th Ministerial on Climate Action; Source: COP28
Business Developments & Projects

Chinese oil & gas major commits to global decarbonization initiative

PetroChina has joined the OGDC, a pledge aiming to accelerate decarbonization in the oil and gas sector worldwide.

about 2 years ago
KBR secures advisory role for Kuwait’s renewables and hydrogen project
Business Developments & Projects

KBR secures advisory role for Kuwait’s renewables and hydrogen project

KBR has been awarded an advisory consulting contract by Kuwait Oil Company for the development of a country-wide “masterplan” for the production of 17 GW of renewables and 25 GW of green hydrogen by 2050.

about 2 years ago
'Large' subsea win takes TechnipFMC offshore Israel
Business Developments & Projects

‘Large’ subsea win takes TechnipFMC offshore Israel

TechnipFMC has secured what it says is a large integrated engineering, procurement, construction, and installation (iEPCI) contract with London-based oil and gas player Energean for subsea infrastructure destined for a field offshore Israel. As part of the contract worth between $500 million and $1

about 2 years ago
Aramco to acquire 50% stake in Air Products Qudra’s hydrogen business
Business Developments & Projects

Aramco to acquire 50% stake in Air Products Qudra’s hydrogen business

Aramco has signed definitive agreements to acquire an equity interest in Blue Hydrogen Industrial Gases Company (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ).

about 2 years ago