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Business Developments & Projects

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Fossil EnergyOil & GasBusiness & FinanceExploration & ProductionProject & TendersAmmoniaClean FuelHydrogenLiquefied Natural GasAuthorities & GovernmentCollaborationInfrastructureOutlook & StrategyTransitionVisionResearch & DevelopmentTechnologyFunding & RegulationRigsLow-Carbon TransitionGreen MarineShipbuildingVesselsSubseaSurveys & InterventionsVessels & VehiclesInnovationDredgingProduction
Illustration; Source: Saipem
Business Developments & Projects

Saipem scores $500 million for work on two offshore oil projects in Middle East

Saipem has got its hands on multimillion-dollar assignments on two projects off the coast of Saudi Arabia with the country’s oil and gas heavyweight Aramco.

about 2 years ago
Kuwait Oil Company (KOC)
Business Developments & Projects

‘Large’ oil & gas discovery springs up offshore Kuwait

Kuwait Petroleum Corporation (KPC) has revealed a big oil and gas discovery at an offshore field east of Failaka Island, off the coast of Kuwait, fueling hopes of finding more hydrocarbons to boost the country’s resources.

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about 2 years ago
UAE player wins H2Global pilot auction for ‘significant’ renewable ammonia supply to Europe
Business Developments & Projects

UAE player wins H2Global pilot auction for ‘significant’ renewable ammonia supply to Europe

Abu Dhabi-based Fertiglobe, a strategic partnership between ADNOC and OCI Global, has emerged as the winning bidder of the first H2Global pilot auction for renewable ammonia, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). As the winning bidder, Fertiglobe will

about 2 years ago
BP, Shell, TotalEnergies and Mitsui take stakes in ADNOC’s huge LNG project
Business Developments & Projects

BP, Shell, TotalEnergies and Mitsui take stakes in ADNOC’s huge LNG project

Abu Dhabi National Oil Company (ADNOC) has signed agreements with industry majors BP, Mitsui & Co., Shell and TotalEnergies under which each will take a 10% equity stake in what will be the first liquefied natural gas (LNG) export facility in the Middle East and North Africa (MENA) region to run on

about 2 years ago
KBR to provide technology for OCIOR Energy’s ammonia plant in India
Business Developments & Projects

KBR to provide technology for OCIOR Energy’s ammonia plant in India

OCIOR Energy has selected KBR’s technology K-GreeN for its green ammonia plant located in Odisha’s Gopalpur region, India.

about 2 years ago
ADNOC pens $3 billion green financing deal with JBIC
Business Developments & Projects

ADNOC pens $3 billion green financing deal with JBIC

ADNOC has signed a general agreement with JBIC for a $3 billion green financing facility, which will support the company’s decarbonization and energy transition initiatives.

about 2 years ago
Illustration; Source: ADNOC Drilling
Business Developments & Projects

AI-enhanced newbuild rig trio enlarging UAE giant’s drilling fleet thanks to $733 million oil field gig

ADNOC Drilling has tucked a new multimillion-dollar assignment under its belt with ADNOC Offshore for drilling work at a huge oil field.

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Business Developments & Projects

Green shift in 2024: Fossil fuels to top $1 trillion but lion’s share of energy investment going to clean power

Clean energy technologies and infrastructure are poised to hit $2 trillion in 2024, which is double the amount going to coal, oil, and gas.

about 2 years ago
Illustration; Source: ADNOC L&S
Business Developments & Projects

Shipbuilding giants rake in $2.5 billion from UAE player’s LNG fleet expansion rush

ADNOC L&S has gone on a spending spree to bolster its liquified natural gas (LNG) carriers’ arsenal with multiple newbuild vessels.

about 2 years ago
UAE-US partnership brings autonomous vehicle services to the Middle East
Business Developments & Projects

UAE-US partnership brings autonomous vehicle services to the Middle East

U.S.-headquartered Ocean Power Technologies (OPT) has partnered up with Unique Group, a UAE-headquartered innovator in subsea technologies and engineering, to take its autonomous vehicle services to the Middle East. The companies will collaborate to deploy OPT’s existing WAM-V unmanned surface vehic

about 2 years ago
DEME to expand green hydrogen portfolio with new production facility in Egypt
Business Developments & Projects

DEME to expand green hydrogen portfolio with new production facility in Egypt

Belgium-based offshore energy and dredging contractor DEME has inked a cooperation agreement with the Egyptian government to establish an industrial-scale green hydrogen production facility in the Port of Gargoub in Egypt’s western desert.

about 2 years ago
Flurry of green hydrogen and ammonia deals underpins EU-Egypt partnership
Business Developments & Projects

Flurry of green hydrogen and ammonia deals underpins EU-Egypt partnership

The Egyptian government and the EU are advancing green hydrogen and green ammonia incentives through new private investment agreements.

about 2 years ago
South Pars (SP) Phase 11; Source: IOEC
Business Developments & Projects

Russia and Iran enhance energy ties as Gazprom walks off with fresh gas supply deal

Gazprom has signed a strategic MoU on facilitating pipeline supplies of Russian natural gas to Iran with the National Iranian Gas Company.

about 2 years ago
Kingdom 2 jack-up rig; Source: Lamprell
Business Developments & Projects

Newbuild jack-up rig leaves UAE yard and sets sail to Saudi Arabia

Lamprell has completed the construction and delivery of a second of 20 planned newbuild offshore jack-up rigs, destined to work in Saudi Arabian waters.

about 2 years ago