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Business Developments & Projects

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Illustration; Source: McDermott
Business Developments & Projects

McDermott scoops up multimillion-dollar job at TotalEnergies’ LNG project

McDermott’s CB&I has landed a new assignment in the Middle East with TotalEnergies, which will enable it to work at a solar-powered LNG project in Oman.

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

QatarEnergy and Nakilat shake hands on deal for 9 largest LNG vessels ever built

QatarEnergy has entered into a long-term agreement with Nakilat for the charter and operation of nine ultra-modern QC-Max size LNG vessels.

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

Germany and UAE bolster natural gas ties as ADNOC strikes third 15-year deal for giant LNG project

Germany’s EnBW has sealed its first liquefied natural gas (LNG) deal in the Middle East by inking a long-term contract with the UAE’s ADNOC.

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

Egyptian oil & gas firm books jack-up rig on 21-month drilling gig in Gulf of Suez

ADES has secured a new drilling assignment for one of its rigs off the coast of Egypt with Suez Oil Company (SUCO).

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

Britain becomes ‘major engineering hub’ for UAE firm with acquisition of UK subsea player

Unique Group is looking forward to charting new pathways in the global subsea and offshore energy arenas with the strategic acquisition of Subsea Innovation.

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

GE Vernova and AFC buy their way into giant renewable Morocco-UK power project with $24.3 million

GE Vernova and Africa Finance Corporation (AFC) have decided to bankroll the development of a huge renewable energy project in Morocco.

about 2 years ago
FSRU Hoegh Galleon; Source: Höegh LNG
Business Developments & Projects

Höegh LNG’s FSRU hand-picked to bolster Egypt’s energy security

Höegh LNG has struck a deal with Australian Industrial Energy (AIE) and EGAS to deploy one of its FSRUs in Egypt.

about 2 years ago
Greece and Saudi Arabia to launch studies for potential electricity interconnector
Business Developments & Projects

Greece and Saudi Arabia to launch studies for potential electricity interconnector

Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) and Saudi Arabia’s National Grid Saudi Electricity Company have decided to kick off technical and economic studies for an electricity interconnector between the two countries. The launch of the technical and econ

about 2 years ago
Valaris DS-9 drillship; Source: Valaris
Business Developments & Projects

New rig deals lift Valaris’ contract backlog to $4 billion

Valaris has expanded its contract backlog, thanks to a series of new contract awards and extensions with multiple oil and gas companies.

about 2 years ago
Actis-Fortescue consortium to work on large green hydrogen project in Oman
Business Developments & Projects

Actis-Fortescue consortium to work on large green hydrogen project in Oman

A consortium between Actis and Fortescue has been awarded the rights to develop, build, own and operate a large green hydrogen project in Oman.

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

QatarEnergy doles out $6 billion for 18 huge LNG vessels on historic fleet expansion mission

QatarEnergy is bolstering its giant liquefied natural gas (LNG) fleet expansion with a $6 billion deal for 18 ultra-modern QC-Max size LNG vessels.

about 2 years ago
Saudi’s NEOM secures $2.7 billion for development of major projects
Business Developments & Projects

Saudi’s NEOM secures $2.7 billion for development of major projects

NEOM has secured a new revolving credit facility (RCF), worth $2.7 billion, that will support short-term financing requirements as NEOM moves forward with the development of major projects.

about 2 years ago
European Commission and Saudi Arabia eyeing energy cooperation
Business Developments & Projects

European Commission and Saudi Arabia eyeing energy cooperation

European Commission and Saudi Arabia have held talks in view of a Saudi-EU memorandum of understanding (MoU) on energy cooperation.

about 2 years ago
Significant offshore wind growth brings Fugro strong start of the year
Business Developments & Projects

Significant offshore wind growth brings Fugro strong start of the year

In what is described as a “strong start of the year”, Dutch geo-data specialist company Fugro reported a 9% revenue growth for Q1 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quarter was €503.2 million, a 9%

about 2 years ago