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Business Developments & Projects

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Illustration; Source: ADES
Business Developments & Projects

‘Major’ oil player books jack-up rig for drilling gig offshore Qatar

ADES Holding Company has secured a long-term assignment for one of its jack-up rigs off the coast of Qatar.

about 2 years ago
Subsea7 has won a “sizeable” contract for subsea infrastructure in the U.S. Gulf of Mexico, described as one worth between $50 and $150 million.
Business Developments & Projects

Subsea7’s backlog remains ‘robust’ with high tendering in subsea and offshore wind

Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of c

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about 2 years ago
James Hill, CEO of MCF Energy
Business Developments & Projects

Op-ed: Hormuz blockage – A potential win for the LNG market?

A conflict-turned opportunity is what many are calling the potential blockage of Hormuz. It is a delicate dance between investor opportunity and world crisis for the second time in two years.

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

Middle East’s brewing cauldron of geopolitical tensions: Are oil & gas and LNG prices at risk of spiking to 2022 levels?

The Iran-Israel escalation puts the Middle East on the verge of a wider war with the potential to wreak havoc on global trade flows, and oil, gas, and LNG exports.

about 2 years ago
Marsa LNG (illustration); Source: Technip Energies
Business Developments & Projects

Technip Energies wins multi-million assignment on TotalEnergies’ LNG project in Oman

Technip Energies has won an EPC contract for an LNG project in Oman, developed by an integrated company consisting of TotalEnergies and OQ.

about 2 years ago
ACWA Power unites with IRENA to bolster renewable energy transition
Business Developments & Projects

ACWA Power unites with IRENA to bolster renewable energy transition

ACWA Power, has signed an agreement to partner with the International Renewable Energy Agency (IRENA) to drive the worldwide transition to renewable energy sources.

about 2 years ago
Marsa LNG (illustration); Source: Technip Energies
Business Developments & Projects

TotalEnergies greenlights solar-powered gas project envisioned as Middle East’s first LNG bunkering hub

TotalEnergies has made a final investment decision (FID) for an LNG project in Oman, which is designed to run on solar power.

about 2 years ago
Romania's Hidroelectrica and UAE's Masdar forge ties for floating solar projects. Source: Sebastian Burduja's Facebook
Business Developments & Projects

Romania’s Hidroelectrica and UAE’s Masdar forge ties for floating solar projects, eye offshore wind

The collaboration may be extended for another three years if the joint venture meets certain conditions during the initial three-year period, as proposed by the joint venture and approved by the board for the final investment decision (FID) phase.

about 2 years ago
Arnold Schwarzenegger and Inna Braverman visiting the Wave Energy Conversion Unit in the Port of LA. Source: Eco Wave Power
Business Developments & Projects

Shell backs wave energy project offshore US

UK-headquartered energy giant Shell has teamed up with Swedish-Israeli wave energy developer, Eco Wave Power, to collaborate on what is the first wave energy project in the U.S. for both companies.

about 2 years ago
Stena Forth drillship; Source: Stena Drilling
Business Developments & Projects

Stena Drilling drillship goes to work in Morocco as Energean takes the helm at gas field

Stena Drilling has tucked a new drilling assignment under its belt, thanks to a drillship deal with Energean for drilling activities off the coast of Morocco.

about 2 years ago
International agreement targets development of electric thrusters for ROVs
Business Developments & Projects

International agreement targets development of electric thrusters for ROVs

Forum Energy Technologies (FET) has executed a memorandum of understanding (MoU) with a UAE-based underwater inspections provider to collaborate on the development of electric thrusters for remotely operated vehicles (ROVs). The MoU was signed by FET’s Subsea Technologies product line and SAFEEN Sur

about 2 years ago
ACME and Hydrogenious eye hydrogen value chains from Oman to Europe
Business Developments & Projects

ACME and Hydrogenious eye hydrogen value chains from Oman to Europe

ACME Group and Hydrogenious LOHC Technologies will explore the joint development of large-scale hydrogen supply chains from Oman to Europe.

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

With suspension of 12 more jack-ups, rig pool in Middle East narrows down

ADES, COSL, and Arabian Drilling have joined the rig owners that have confirmed a temporary suspension of operations for one or more rigs in the Middle East.

about 2 years ago
Craig International global HQ; Source: Craig International
Business Developments & Projects

New assignment lined up in Middle East for Scottish firm

Scottish oilfield procurement specialist Craig International, a member of Craig Group, has won a new contract with QatarEnergy LNG.

about 2 years ago