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Business Developments & Projects

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Tekmar
Business Developments & Projects

Tekmar says 2023 pivotal year, despite instability in offshore wind market

Tekmar Group has reported improved financial performance for the 2023 financial year with a revenue of £39.9 million, compared to £30.2 million in FY22. Deemed a pivotal year that saw instability in the offshore wind market, Tekmar said it had stabilized the business in 2023. Tekmar saw an adjusted

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

Viasat and Aramco join forces for ‘first maritime trial’ of 5G mesh network

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Inmarsat Maritime, a Viasat company, has signed a memorandum of understanding (MoU) with Saudi Arabia’s oil and gas giant Aramco to perform what is said to be the world-first 5G mesh network trial for the Saudi energy player’s offshore projects in the Arabian Gulf. The goal is to enable high-speed c

about 2 years ago
Rig 141 jack-up rig; Source: Shelf Drilling
Business Developments & Projects

Two more years for Shelf Drilling’s 42-year-old jack-up rig in Gulf of Suez

Shelf Drilling has won a contract extension for a jack-up rig working on an assignment in the Gulf of Suez off the coast of Egypt.

about 2 years ago
Yara to receive green ammonia from Oman under new deal with ACME
Business Developments & Projects

Yara to receive green ammonia from Oman under new deal with ACME

Norwegian ammonia trade and shipping company Yara and Indian renewable energy company ACME have signed a long-term firm and binding agreement for the supply of ammonia produced in Oman with reduced CO2 emissions. According to Yara, the agreement is the result of 18-month negotiations during which th

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

WoodMac: Are shifts in energy policy on the cards for oil & gas ecosystem and which forces will be at play in 2024?

While offering its predictions for 2024, Wood Mackenzie has outlined several key themes to watch in global and corporate upstream sectors.

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

Energean FPSO goes full throttle off Israel

Oil and gas gas company Energean has brought a new project on stream to boost output from a field off the coast of Israel.

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

Jack-up rig gets multi-well gig offshore Oman

Masirah Oil has hired a jack-up rig for a multi-well drilling program at a field in the Block 50 concession offshore Oman.

about 2 years ago
North Field off Qatar; Source: QatarEnergy LNG
Business Developments & Projects

New gas expansion project to magnify Qatar’s LNG production by nearly 85%

QatarEnergy has carried out extensive appraisal activities at its giant natural gas field, uplifting its gas reserves.

about 2 years ago
QatarEnergy reveals name of first LNG carrier in its massive fleet expansion program
Business Developments & Projects

QatarEnergy reveals name of first LNG carrier in its massive fleet expansion program

State-owned oil and gas giant QatarEnergy has revealed the name of the first LNG carrier to be delivered as part of its historic LNG fleet expansion program. On February 23, the company said it had named the first vessel “Rex Tillerson” in recognition of the former Chairman and Chief Executive Offic

about 2 years ago
POSCO and ADNOC forge clean hydrogen ties
Business Developments & Projects

POSCO and ADNOC forge clean hydrogen ties

South Korean POSCO Holdings, its subsidiary POSCO International and UAE’s Abu Dhabi National Oil Company (ADNOC) have signed a strategic cooperation agreement (SCA) for a joint investigation of clean hydrogen production business. According to the agreement, the three parties will jointly propel the

about 2 years ago
Tamar platform; Source: Chevron
Business Developments & Projects

Chevron confirms routine maintenance work date for gas platform off Israel

Chevron has put the wheels into motion to undertake scheduled maintenance work at its gas production platform offshore Israel.

about 2 years ago
HMM Nuri
Business Developments & Projects

Liner majors rally behind WSC’s GHG pricing mechanism

The World Shipping Council (WSC) is proposing a solution to the challenge of crafting a global greenhouse gas pricing regulation that encourages investment in green fuels, as the UN International Maritime Organisation works towards its target of achieving net-zero carbon emissions in the shipping in

about 2 years ago
Opinion: Can wind propulsion weather the approaching perfect storm?
Business Developments & Projects

Opinion: Can wind propulsion weather the approaching perfect storm?

This article is written by Gavin Allwright, Secretary General – International Windship Association When taking time to reflect on the past year, I would argue that 2023 was the year in which our industry took the gloves off and got down to business when it came to decarbonization. At COP28 in Decemb

13 minutes read
Illustration; Source: BP
Business Developments & Projects

BP and ADNOC build on more than 50 years of collaboration with new gas-focused joint venture

BP and ADNOC have decided to establish a new joint venture (JV), which will initially focus on the development of gas assets in Egypt.

about 2 years ago