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Business Developments & Projects

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Eco Wave Power reports continuous operations of its Israeli pilot project
Business Developments & Projects

Eco Wave Power reports continuous operations of its Israeli pilot project

Eco Wave Power has reported that its wave energy project at the Jaffa Port in Israel had operated continuously during March, with approximately six days of moderate wave conditions in the range of one to two meters, generating over 1,200 kWh of renewable electricity. The EWP-EDF One wave energy proj

about 6 months ago
Energy Emerger jack-up rig; Source: Northern Offshore
Business Developments & Projects

Asian multi-well drilling campaign bumped to May

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A drilling campaign, which Jasmine Energy (JEL), a subsidiary of Singapore’s Rex International, is planning to embark on off the coast of Oman, has been moved to the second quarter of 2026.

about 6 months ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Business Developments & Projects

Mediterranean gas field back online after shutdown due to regional safety woes

Chevron Mediterranean Limited (CML), a subsidiary of U.S.-headquartered Chevron, and its partners have resumed gas production from a giant natural gas project off the coast of Israel.

about 6 months ago
Illustration; Source: QatarEnergy
Business Developments & Projects

Missile hits oil tanker chartered to QatarEnergy

Qatar’s state-owned oil and gas giant QatarEnergy has confirmed a missile attack on a fuel oil tanker off the Persian Gulf state’s coast.

about 6 months ago
AD140 jack-up rig; Source: Arabian Drilling
Business Developments & Projects

Middle East conflict halts more offshore drilling ops as another rig owner confirms temporary suspensions

Arabian Drilling, said to be Saudi Arabia’s largest onshore and offshore drilling company by fleet size, has revealed temporary suspensions for some offshore rigs in the Arabian Gulf, as its land fleet remains unaffected by the ongoing conflict in the Middle East.

about 6 months ago
Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Business Developments & Projects

$25 billion price tag looms over Gulf energy infrastructure repairs, Rystad says

Given the reported damage and shutdowns impacting liquefied natural gas (LNG) assets, refineries, fuel terminals, and gas-to-liquids facilities across the Middle East region amid the military conflict between the U.S.-Israel alliance and Iran, Rystad Energy, an energy market intelligence group, esti

about 6 months ago
Illustration; Source: ADES
Business Developments & Projects

Middle East crisis brings ‘temporary suspensions’ to some ADES rigs

ADES International, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has confirmed suspensions of operations for multiple rigs in its fleet as a result of the ongoing conflict between the U.S.-Israel alliance and Iran in the Middle East.

about 6 months ago
Illustration; Source: Wood Mackenzie
Business Developments & Projects

Middle East conflict: Energy security risks and price shocks as market volatility hits supply chains

Since the ignition of the conflict between the U.S. and Israel on one side and Iran on the other, the global markets have been on tenterhooks, as fears continue to grow over the impact the hostilities will have not just on the Middle East region but also the world at large, especially in terms of ec

about 6 months ago
Illustration; Source: Westwood
Business Developments & Projects

Transocean, Noble, COSL, Seadrill, and Valaris pinpointed as rig backlog powerhouses

While taking a deep dive into the floater rig market and top floating rig managers based on the current total backlog for 2026, Westwood Global Energy, an energy market research and consultancy firm, has spotlighted five offshore drilling players – Transocean, Noble, COSL, Seadrill, and Valaris – as

about 6 months ago
Illustration; Source: Keyfield
Business Developments & Projects

Malaysian shipowner scoops up eight new vessel gigs

Keyfield International, a Malaysian fleet owner of offshore vessels, has picked up new assignments across Malaysia, the Middle East, and Thailand for seven accommodation work boats (AWB) and one anchor handling tug supply (AHTS) vessel.

about 6 months ago
Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Business Developments & Projects

Missile strikes leave fires and ‘extensive damage’ in its wake at QatarEnergy’s LNG assets

Qatar’s state-owned oil and gas giant QatarEnergy has confirmed missile attacks at multiple liquefied natural gas (LNG) facilities, which sustained significant damage during the assault that left the targeted LNG infrastructure in flames.

about 6 months ago
Chevron-operated Leviathan gas asset (for illustration); Source: NewMed Energy
Business Developments & Projects

Chevron hires Hanwha Ocean for Mediterranean gas field expansion

Chevron Mediterranean Limited (CML), a subsidiary of the U.S.-headquartered Chevron, has put South Korea’s Hanwha Ocean on module fabrication duty for its planned expansion of gas export capacity from a giant natural gas field project off the coast of Israel.

about 7 months ago
Illustration; Source: QatarEnergy
Business Developments & Projects

LNG production freeze pushes QatarEnergy to invoke force majeure

A liquefied natural gas (LNG) shutdown has led Qatar’s state-owned oil and gas giant QatarEnergy to issue a contractual force majeure notice to LNG buyers.

about 7 months ago
Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Business Developments & Projects

QatarEnergy turns off LNG and downstream production taps

Qatar’s state-owned oil & gas giant QatarEnergy has opted to clamp down on output by cutting off the production flow of liquefied natural gas (LNG) and associated products in the wake of the attack on Iran, which the U.S. and Israel launched over the weekend.

about 7 months ago