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Business Developments & Projects

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GMS Scirocco jack-up barge; Source: Ocean Oilfield
Business Developments & Projects

Ocean Oilfield starts refurbishment of two GMS jack-up barges

Ocean Oilfield has embarked on its new maintenance and upgrade job, which was awarded for two jack-up barges by GMS.

about 2 years ago
Asyad and Oman LNG seal long-term deal for two 5th generation LNG carriers
Business Developments & Projects

Asyad and Oman LNG seal long-term deal for two 5th generation LNG carriers

ASYAD Shipping, a part of Oman’s national logistics provider ASYAD Group, and Oman LNG have signed a long-term agreement for the charter of two 5th generation LNG carriers. According to Asyad, the agreement for two 170,000 cubic meter LNG carriers affirms the company’s commitment to boost local adde

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about 2 years ago
ACWA Power gearing up to develop $4 billion green hydrogen project in Egypt
Business Developments & Projects

ACWA Power gearing up to develop $4 billion green hydrogen project in Egypt

ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, has signed a framework agreement on the development of the first phase of a green hydrogen project in Egypt with a capacity of 600,000 tons per year of green ammonia, wit

about 2 years ago
ADNOC scores first long-term LNG deal from low-carbon Ruwais project
Business Developments & Projects

ADNOC scores first long-term LNG deal from low-carbon Ruwais project

UAE’s Abu Dhabi National Oil Company (ADNOC) has signed a long-term heads of agreement with ENN LNG, a wholly-owned subsidiary of ENN Natural Gas, for the delivery of at least 1 million metric tons per annum (mmtpa) of LNG primarily sourced from its low-carbon Ruwais LNG project, currently under dev

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

With Red Sea ensnared in security woes, ten nations come together to untangle it, after BP pumps the brakes on oil & gas trade

While Yemen’s Huthis intensify their attacks on vessels in the Red Sea, multiple nations bond together to tackle these security concerns.

about 2 years ago
ADNOC buys OCI’s stake in world’s largest seaborne exporter of ammonia
Business Developments & Projects

ADNOC buys OCI’s stake in world’s largest seaborne exporter of ammonia

Abu Dhabi National Oil Company (ADNOC) and OCI Global have entered into a sale and purchase agreement for ADNOC to acquire OCI’s entire majority shareholding in Fertiglobe, the world’s largest seaborne exporter of urea and ammonia. Headquartered in Abu Dhabi, Fertiglobe was formed as a strategic par

about 2 years ago
TAQA eyes joining Greece-Cyprus interconnector
Business Developments & Projects

TAQA eyes joining 900-kilometer European interconnector

Abu Dhabi National Energy Company PJSC (TAQA) has signed a memorandum of understanding (MoU) to explore the possibility of becoming one of the shareholders in a project to develop a 900-kilometer HVDC electricity interconnection between Greece and Cyprus. Under the terms of the MoU, TAQA will explor

about 2 years ago
MSC Mariella
Business Developments & Projects

Maersk, MSC and other liner majors suspend Red Sea runs amid escalating attacks

Leading liner companies, including industry giants Maersk, MSC, CMA CGM, HMM, and OOCL, have suspended trading on their Red Sea trade routes. This decision comes in response to a series of targeted attacks on merchant ships operating in the region, raising alarms within the global shipping community

about 2 years ago
Maersk
Business Developments & Projects

Red Sea attacks on liner majors’ vessels highlight crucial link between world peace and just energy transition

This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. The global efforts to achieve decarbonization targets bolstered by nearly 200 countries that vowed to phase out fossil fuels at the COP28 climate summit in Dubai earlier this week

about 2 years ago
KPI OceanConnect
Business Developments & Projects

KPI OceanConnect: Fujairah joins biofuel bunkering ports club

The UK-based marine energy solutions provider KPI OceanConnect has supplied two bulk carriers owned by India-based company ArcelorMittal Shipping B24 very low sulfur fuel oil (VLSFO) at the Port of Fujairah, the United Arab Emirates (UAE).

about 2 years ago
Shipping; Illustration
Business Developments & Projects

4th Poseidon Principles report shows improvement in banks’ alignment with decarbonization targets

The Poseidon Principles, a regulatory framework for responsible financing of shipping, has released its fourth annual disclosure report sharing signatories’ climate alignment scores. The initiative has grown in number, with 34 signatories from 13 different countries together representing around 80%

about 2 years ago
Hydrom paves the way for Oman’s green hydrogen growth
Business Developments & Projects

Hydrom paves the way for Oman’s green hydrogen growth

Hydrom, a central and independent entity orchestrating Oman’s national interest in green hydrogen, has signed multiple memorandums of understanding (MoUs) as part of its strategy to propel Oman’s energy transition and green hydrogen growth. During the first day of the Green Hydrogen Summit Oman (GHS

about 2 years ago
COP28 UAE
Business Developments & Projects

COP28’s ‘historic package’: Writing on the wall that spells end of fossil fuel era or new opportunity for gas and LNG players?

A deep dive into the outcome of COP28 climate talks, which some see as a climate win while other perceive it to be a backdoor for more gas and LNG projects.

15 minutes read
Yinson Production's FPSO Atlanta during the naming ceremony in Dubai, UAE; Source: Yinson Production
Business Developments & Projects

New addition to Yinson Production’s FPSO fleet named at Dubai Drydocks World – gallery

Yinson Production has held a naming ceremony at Dubai Drydocks World for an FPSO, destined to work at Enauta’s field off the coast of Brazil.

about 2 years ago