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Business Developments & Projects

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Sevan Louisiana semi-sub (for illustration purposes); Source: Seadrill
Business Developments & Projects

International offshore rig count activity gets a boost in January

Baker Hughes’ rig count report shows that more than one rig joined the working international offshore fleet in January 2024.

about 2 years ago
Arsenio Dominguez IMO
Business Developments & Projects

IMO’s decarbonization focus tested amid escalating Red Sea tensions

Following a major step to create a regulatory framework for the full decarbonization of the maritime industry with the adoption of a revised Greenhouse Gas (GHG) strategy in July last year and alignment with the objectives of the Pairs Agreement on curbing global warming, the International Maritime

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

McDermott confirms pair of new deals for work on Qatar’s largest oil field

McDermott has corroborated the award of two EPCIC contracts for the development of the next phase of the largest oil field offshore Qatar.

about 2 years ago
shipbreaking
Business Developments & Projects

NGO Shipbreaking demands EU action on ship recycling amid stark reality of 2023 figures

The NGO Shipbreaking Platform is calling for the extension of the EU Ship Recycling Regulation to include ownership in addition to the flag, after releasing the latest figures on global shipbreaking practices for 2023. The data from the platform shows that out of the 446 ocean-going commercial ships

about 2 years ago
QatarEnergy
Business Developments & Projects

QatarEnergy dishes out $6 billion to boost production at Qatar’s largest oil field

QatarEnergy has handed out four multi-billion-dollar engineering, procurement, construction, and installation (EPCI) contract packages to multiple players in a bid to propel forward the next development phase of Qatar’s largest offshore oil field.

about 2 years ago
ADNOC's fleet richer for dive support vessel
Business Developments & Projects

ADNOC’s fleet richer for dive support vessel

UAE’s energy giant Abu Dhabi National Oil Company (ADNOC) has taken delivery of the first of two 24-meter catamaran dive support vessels (DSVs) from a shipyard in Dubai. ADNOC MD 01, the first of two sister vessels, was built by Dubai-based Grandweld Shipyards and designed by Robert Allan Ltd. to su

about 2 years ago
Masdar and CMA CGM forge green maritime fuels alliance
Business Developments & Projects

Masdar and CMA CGM forge green maritime fuels alliance

Abu Dhabi-based clean energy company Masdar and French shipping major CMA CGM have signed a strategic supply partnership (SSP) to explore opportunities for long-term green maritime fuels offtake contracts. Masdar revealed the agreement on January 30, stating that the partnership aims to source, supp

about 2 years ago
Excelerate Energy to purchase Qatari LNG for Bangladesh
Business Developments & Projects

Excelerate Energy to purchase Qatari LNG for Bangladesh

Qatar’s LNG heavyweight QatarEnergy and U.S.-based LNG importer Excelerate Energy have signed a long-term agreement for the supply of LNG from Qatar to Bangladesh. This sale and purchase agreement (SPA) will see Excelerate buy up to 1 million tons per annum (mtpa) of LNG from QatarEnergy to be deliv

about 2 years ago
Floating solar innovation by Floating man Dubai
Business Developments & Projects

UAE-based start-up in talks over deployment of ‘groundbreaking’ floating solar technology

Floating Man, a Dubai-based pioneer in floating structures, has unveiled an innovative floating solar structure, said to be a groundbreaking technology, especially for open seas. These floating structures are said to span 900 square meters and have the capacity to hold around 200 solar modules, whi

about 2 years ago
BGN
Business Developments & Projects

BGN surfaces as owner behind order for two VLGCs from HHI

Dubai energy trader BGN has emerged as the owner behind the order for the construction of two Very Large Gas Carriers (VLGCs) at Hyundai Heavy Industries. HHI’s parent company HD KSOE announced the deal in a stock exchange filing in mid-January. The deal is said to be worth KRW 310 billion ($235 mil

about 2 years ago
Maersk containership
Business Developments & Projects

Red Sea crisis: Missile attacks prompt Maersk subsidiary to halt transits, as emissions surge due to rerouting

Two U.S.-flagged containerships, Maersk Detroit and Maersk Chesapeake, operated by Maersk Line, Limited, a U.S. subsidiary of A.P. Moller-Maersk, were targeted by anti-ship missiles while transiting the Bab el-Mandeb on January 24, 2024. The attacks were confirmed by Maersk saying that the two vesse

about 2 years ago
seafarers on a containership
Business Developments & Projects

Neglected at sea: Seafarer abandonment surges, showing once again that critical ‘S’ is missing in sustainability

In a disheartening revelation, the International Transport Workers Federation (ITF) has unveiled alarming statistics regarding the abandonment of vessels in 2023. The figures reflect a worrying increase compared to the previous year, signifying an unsettling trend that demands urgent attention from

about 2 years ago
McDermott and Baker Hughes install subsea infrastructure for Inpex off Australia
Business Developments & Projects

Japanese gas firms join Masdar and Inpex for e-methane production study

Japan’s Tokyo Gas and Osaka Gas have signed a collaboration agreement with Abu Dhabi Future Energy Company – Masdar and Japan’s Inpex Corporation to conduct a joint feasibility study on e-methane production in Abu Dhabi in the United Arab Emirates (UAE). According to Inpex, through the initiative, T

about 2 years ago
Coretrax has strengthened its well intervention capabilities after acquiring a complementary suite of technology from Wireline Drilling Technologies
Business Developments & Projects

New well technology suite and more work for UK firm

UK-headquartered well integrity and production optimization company Coretrax has expanded its well intervention capabilities by boosting its offering with a complementary technology from Wireline Drilling Technologies. Following the acquisition, the well lifecycle solutions provider secured a batch

about 2 years ago