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Business Developments & Projects

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Ramford Vanguard; Source: TGS
Business Developments & Projects

New 3D streamer gig taking TGS to Africa & Middle East

Norwegian energy data and intelligence company TGS has picked up a new 3D streamer acquisition assignment with an undisclosed oil and gas player in Africa and the Middle East region.

about 3 months ago
Illustration; Source: McDermott
Business Developments & Projects

McDermott among Aramco’s hand-picked contractors for large-scale projects

U.S. offshore engineering and construction player McDermott has made the cut and secured its spot in the contractor pool that Saudi Arabia’s Aramco selected for a project management consultancy (PMC) long-term agreement (LTA) to support delivery of large-scale energy, downstream, petrochemical and l

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about 4 months ago
MSC
Business Developments & Projects

Projectile strikes on MSC’s vessel raise maritime security concerns

Switzerland-headquartered Mediterranean Shipping Company (MSC), a privately owned global shipping and logistics giant and part of MSC Group, has reported two projectile attacks on its Panama-flagged cargo ship in the Middle East, which is interpreted to highlight threats to maritime trade.

about 4 months ago
Illustration; Source: Rystad Energy
Business Developments & Projects

Oil & gas players unlocking $500 billion opportunity with AI and digitalization

By employing digitalization and artificial intelligence (AI), Rystad Energy, an energy market intelligence group, has highlighted that exploration and production (E&P) companies could reap close to $500 billion in cumulative value between 2026 and 2030.

about 4 months ago
Illustration: Source: Wood Mackenzie
Business Developments & Projects

Strait of Hormuz closure: Tight LNG markets, oil prices could soar to $200

With more than 80 million tonnes per annum (mtpa) of liquefied natural gas (LNG) supply, representing around 20% of global supply, being inaccessible to global markets, the Strait of Hormuz closure has the potential to spark the biggest energy supply shock in decades, according to Wood Mackenzie, an

about 4 months ago
Illustration; Courtesy of MidOcean Energy
Business Developments & Projects

New investor dishes millions to join EIG’s LNG arm

The Arab Energy Fund (TAEF), a multilateral impact financial institution, has decided to expand its energy portfolio by investing in MidOcean Energy, a liquefied natural gas (LNG) player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG).

about 4 months ago
Ran jack-up rig; Source: FOSS & ESG; Credit: Borr Drilling
Business Developments & Projects

Borr Drilling’s CEO: Middle East conflict brings uncertainty but empowers long-term rig outlook

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has secured 13 contracts year-to-date, enhancing its backlog by adding 2,250 days and $274 million in jack-up rig deals.

about 4 months ago
Illustration; Source: QatarEnergy
Business Developments & Projects

Wood to deliver pipeline design and more for Qatar’s redevelopment project

China’s Offshore Oil Engineering Company (COOEC) has awarded Wood with a contract for the design of an optimized solution for a pipeline network at QatarEnergy’s hydrocarbon redevelopment project. Wood has been put in charge of the design of 25 pipelines, including ensuring safe interaction where pi

about 4 months ago
A large vessel at sea
Business Developments & Projects

UAE and India deepen energy ties with oil, LNG, LPG and storage deals

United Arab Emirates-headquartered energy heavyweight Abu Dhabi National Oil Company (ADNOC) has struck new strategic alliances with India-based energy partners, fortifying bonds between the UAE and India through agreements across crude oil, liquefied natural gas (LNG), and liquefied petroleum gas (

about 4 months ago
Survey campaign wraps up at Saudi subsea cable link
Business Developments & Projects

Survey campaign wraps up at Saudi subsea cable link

A UAE-headquartered offshore survey and positioning data provider has completed a survey campaign supporting the subsea cable installation work for a project that will link Saudi Arabia’s Farasan Island to the country’s main electrical grid. Sharjah-based Geosonic performed the offshore survey campa

about 4 months ago
Industry players unite to form UAE’s first shipbuilding consortium
Business Developments & Projects

Industry players unite to form UAE’s first shipbuilding consortium

A group of national industry players has come together to form the first shipbuilders consortium in the United Arab Emirates (UAE), which will work toward aligning national shipbuilding capabilities to drive maritime innovation and growth. According to AD Ports, the initiative is designed to strengt

about 4 months ago
Block 3 offshore Syria; Source: QatarEnergy
Business Developments & Projects

TotalEnergies, QatarEnergy, ConocoPhillips, and SPC pool resources for Mediterranean oil & gas search

Three international oil and gas players, France’s TotalEnergies, Qatar’s QatarEnergy, and U.S.-headquartered ConocoPhillips, have joined forces with the Syrian Petroleum Company (SPC), Syria’s state-owned oil exploration and production company, to embark on a hydrocarbon quest in the Mediterranean S

about 4 months ago
FSRU Excelerate Acadia; Source: Excelerate Energy
Business Developments & Projects

Excelerate Energy’s FSRU finds job at Jordan’s LNG terminal ahead of Iraq gig

Excelerate Energy, a U.S.-based liquefied natural gas (LNG) and power infrastructure company headquartered in Texas, has secured a new assignment for its newbuild floating storage regasification unit (FSRU) at an LNG terminal in Jordan.

about 5 months ago
Nidoco N-2 well was drilled from onshore using advanced directional drilling technologies; Source: Egypt's Ministry of Petroleum and Mineral Resources
Business Developments & Projects

Fresh gas discovery unveiled as Eni and BP drill offshore well from onshore

Italy’s energy giant Eni and its partner, UK-headquartered BP, have used advanced directional drilling technologies to spud an offshore well from onshore, which led to a new natural gas discovery off the coast of Egypt.

about 5 months ago