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Business Developments & Projects

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Arabia I jack-up rig; Source: Borr Drilling
Business Developments & Projects

Aramco hands out 12-month jack-up rig suspension to Borr Drilling

Borr Drilling has received a notice of temporary suspension of operations for one of its jack-up rigs working for Aramco.

about 2 years ago
Valaris 143 jack-up rig; Source: Valaris
Business Developments & Projects

Valaris jack-up rig’s gig with Aramco suspended

Valaris has confirmed the receipt of a suspension for one of its 19 contracted rigs working for Saudi Arabia’s Aramco.

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about 2 years ago
Gibraltar wave power plant (for illustration purposes); Source: Eco Wave Power
Business Developments & Projects

Eco Wave Power’s ‘significant milestones’ keep optimism for future energy project opportunities alive

Eco Wave Power is among the companies that felt the impact of the unpredictability surrounding the economy in 2023.

about 2 years ago
Harvey H. Ward jack-up rig is currently working in Middle East for Aramco (for illustration purposes); Source: Shelf Drilling
Business Developments & Projects

Suspension of gigs for four jack-up rigs deals a blow but Shelf Drilling’s fleet outlook still ‘optimistic’

Shelf Drilling has acknowledged the issues arising from a suspension of operations for four jack-up rigs in the Middle East.

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

Mega LNG fleet expansion rises to 104 vessels after QatarEnergy strikes deal with four shipowners

The second phase of QatarEnergy’s giant shipbuilding program has surpassed the 100 mark, reaching 104 conventional LNG vessels.

about 2 years ago
Energy Emerger jack-up rig; Source: Northern Offshore
Business Developments & Projects

Jack-up rig kicks off multi-well offshore drilling campaign in Oman

Masirah Oil, a subsidiary of Singapore’s Rex International, has embarked on a multi-well drilling program at a field off the coast of Oman.

about 2 years ago
Owner of largest fleet of Seaeye Falcon ROVs buys five new units
Business Developments & Projects

Owner of largest fleet of Seaeye Falcon ROVs buys five new units

Aberdeen-based Underwater Contracting (UCO), owner of the largest fleet of Saab UK’s Seaeye Falcon remotely operated vehicles (ROVs), has purchased five new units for a total of 38 Falcon systems. UCO said it had expanded its fleet in response to major new multi-year contract wins across all sectors

about 2 years ago
BGN
Business Developments & Projects

BGN: $370M secured for three new VLGCs

Swiss energy company BGN and the UAE-based player across multiple marine sectors Al Seer Marine have secured funding from several banks located in the Gulf region to support the construction of three very large gas carriers (VLGCs) in South Korea and Japan.

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

PetroVietnam to buy LNG from QatarEnergy, first shipment due in April

PetroVietnam has signed a contract with QatarEnergy LNG to purchase 70,000 metric tons of LNG set to be delivered next month.

about 2 years ago
Oil block offshore Abu Dhabi starts producing
Business Developments & Projects

Offshore block near Abu Dhabi starts oil production

UAE energy giant Abu Dhabi National Oil Company (ADNOC) has started crude oil production from its Belbazem offshore block, helping meet growing demand for Abu Dhabi’s lower-carbon intensity oil and gas. The block, operated by Al Yasat Petroleum, a joint venture between ADNOC and China National Petro

about 2 years ago
Oman’s Hydrom and Germany’s VNG looking into green hydrogen value chain
Business Developments & Projects

Oman’s Hydrom and Germany’s VNG looking into green hydrogen value chain

Hydrom and VNG will examine the economic potential of building a green hydrogen and ammonia value chain between Oman and Germany.

about 2 years ago
Illustration; Source: Energy Industries Council (EIC)
Business Developments & Projects

Widening chasm between reality and ambitions endangers net zero targets

The rift between the current energy landscape and greener desires continues to expand, putting global net zero targets in peril.

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

QatarEnergy and Nakilat firm up time-charter deal for 25 vessels under ‘historic LNG shipping program’

QatarEnergy has signed multi-year time-charter party agreements with Nakilat for operating 25 LNG vessels as part of its historic extension.

about 2 years ago
FPSO Energean Power; Source: Energean
Business Developments & Projects

Energean awaits 30-year production license ahead of sanctioning phased gas development offshore Israel

Energean is looking forward to receiving a 30-year production license soon for an area where a string of gas discoveries was made in 2022.

about 2 years ago