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Business Developments & Projects

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Fossil EnergyOil & GasAuthorities & GovernmentBusiness & FinanceProject & TendersRegulation & PolicyAmmoniaClean FuelHydrogenProductionTechnology & InnovationCollaborationExploration & ProductionOutlook & StrategyResearch & DevelopmentTechnologyRigsMarket OutlooksMarine EnergyTidal & Wave EnergyAlternative FuelsGreen MarineOther FuelsSubseaVessels & VehiclesVesselsTransitionPipesEquipmentLiquefied Natural GasLow-Carbon TransitionEnvironmentFPSO & Vessels
Leviathan field; Source: NewMed Energy
Business Developments & Projects

Chevron-operated Mediterranean gas field ready to get export boost show on road

Following government approval, partners in a gas field offshore Israel are expected to reach a decision on expanding its natural gas exports.

about 2 years ago
ACWA Power and SINOPEC forge hydrogen and ammonia ties
Business Developments & Projects

ACWA Power and SINOPEC forge hydrogen and ammonia ties

ACWA Power has signed a memorandum of understanding (MoU) with SINOPEC Guangzhou Engineering Co., Ltd. (GPEC) in relation to a potential collaboration in the production of green hydrogen and ammonia.

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about 2 years ago
West Tucana jack-up rig; Source: Seadrill
Business Developments & Projects

Three oil & gas rigs say their goodbyes to Seadrill’s offshore drilling fleet

Seadrill has sold three jack-up rigs deployed in Qatar to its ex-joint venture partner, Gulf Drilling International (GDI).

about 2 years ago
Partners to start construction of low-carbon ammonia facility in Abu Dhabi
Business Developments & Projects

Partners to start construction of low-carbon ammonia facility in Abu Dhabi

TA’ZIZ, Fertiglobe, Mitsui & Co. and GS Energy Corporation have agreed to commence construction of a low-carbon ammonia production facility in Abu Dhabi, United Arab Emirates (UAE).

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

Namibia’s discoveries seen as silver lining: Global drilling costs up but exploration success rate down

High-impact exploration average discovery size is declining while costs have risen for the fifth consecutive year.

about 2 years ago
Image of Ocean Power Technologies PowerBuoy and WAM-V during sea trials.
Business Developments & Projects

Ocean Power Technologies to take its wave-powered buoy to Middle East

U.S.-based marine energy firm Ocean Power Technologies (OPT) has been selected as a preferred supplier for its wave-powered buoy, PowerBuoy, for delivery in the Middle East.

about 2 years ago
LPG as marine fuel with supportive technologies could deliver significant carbon reductions, report shows
Business Developments & Projects

LPG as marine fuel with supportive technologies could deliver significant carbon reductions, report shows

LPG as marine fuel, in combination with energy-saving technologies such as onboard carbon capture and storage (OCCS), could deliver a significant carbon reduction, according to a new joint report from Lloyd’s Register (LR) and the World Liquid Gas Association (WLGA).

about 2 years ago
Wadad Aletheia; Source: CCCUWE
Business Developments & Projects

Delivery of UAE player’s subsea vessel gets pushed to next quarter

The UAE-based CCCUWE has disclosed a revised schedule for the arrival of the newest member of its subsea fleet to its base.

about 2 years ago
FPSO Energean Power works at the Karish field offshore Israel; Source: Energean
Business Developments & Projects

Energean bids farewell to Egypt, Italy, and Croatia as assets fetch $945 million

Energean has set the divestment of its portfolio in Egypt, Italy, and Croatia in motion for an enterprise value (EV) of up to $945 million.

about 2 years ago
After ExxonMobil, Petrobras and Equinor, another energy major hires French firm
Business Developments & Projects

After ExxonMobil, Petrobras and Equinor, another energy major hires French firm

French provider of tubular solutions Vallourec has secured a contract extension with Abu Dhabi National Oil Company (ADNOC) to continue supplying tubes and connections for offshore and onshore oil and gas fields. Vallourec and the National Oil Company of Abu Dhabi signed a two-year extension to the

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

DNV: Oil & gas witnessing confidence resurgence while energy transition price tag hampers net-zero aspirations

A new survey from DNV pinpoints the cost of the energy transition as the biggest barrier to meeting the net zero targets.

about 2 years ago
Illustration; Source: AG&P LNG
Business Developments & Projects

Global LNG markets facing oversupply while key importing regions work on curbing demand

The new wave of LNG supply is set to flood the market amid demand uncertainty, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

about 2 years ago
Sattelite photo showing the 2021 oil spill off the coast of Baniyas, Syria; Credit: Planet Labs
Business Developments & Projects

More than 750 oil slicks spotlight pollution risks in Mediterranean Sea

757 oil slicks, covering 1.9 million hectares in the Mediterranean Sea, have been identified between July 2020 – January 2024.

about 2 years ago
ADNOC
Business Developments & Projects

Go-ahead for ADNOC’s huge LNG project prompts $5.5 billion deal for its development

ADNOC has made a final investment decision (FID) for its giant liquefied natural gas (LNG) project, which is envisioned as a lower-carbon intensity development.

about 2 years ago