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Business Developments & Projects

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Wood Mackenzie
Business Developments & Projects

With different decarbonization pathways in play, how are NOCs holding up against IOCs?

Wood Mackenzie points out that NOCs and IOCs are making progress at a different pace, as there are multiple roads to a sustainable world.

about 3 years ago
DP World
Business Developments & Projects

DP World raises $1.5 billion for decarbonization

Dubai-based port operator DP World has raised USD 1.5 billion through a Green Sukuk to support its global decarbonization efforts. Sukuk are Islamic financial instruments representing ownership and profit-sharing in asset-backed, Sharia-compliant investments. DP World said that the Sukuk was oversub

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about 3 years ago
DNV: Despite falling short of Paris Agreement requirements, hydrogen technology set to bring significant changes to energy transition by 2050
Business Developments & Projects

DNV: Despite falling short of Paris Agreement requirements, hydrogen technology set to bring significant changes to energy transition by 2050

Renewable and low-carbon hydrogen is expected to play an important role in decarbonizing and reducing emissions from hard-to-electrify sectors and reaching the Paris Agreement climate goals. While these targets require hydrogen to account for approximately 15% of the world’s energy demand by 2050, D

about 3 years ago
Illustration; Source: DNV
Business Developments & Projects

Net-zero by 2050 ambition at risk: In with renewables and out with fossil fuels ‘far from fast enough,’ warns DNV

DNV: The pace of the transition from fossil fuels to renewables is not being imbued with enough speed to reach net-zero by 2050 targets.

about 3 years ago
North Field off Qatar; Source: QatarEnergy LNG
Business Developments & Projects

TotalEnergies and QatarEnergy strengthen ties with 27-year LNG supply deals to bolster France’s energy security

QatarEnergy has inked two long-term LNG sale and purchase agreements (SPAs) with TotalEnergies for the supply of up to 3.5 mtpa of LNG.

about 3 years ago
Repair yard shortage puts maritime energy transition at risk
Business Developments & Projects

Repair yard shortage puts maritime energy transition at risk

A shortage of repair yards with experience in conversions may hinder the take up of alternative fuel technology by the existing fleet, according to the findings from LR’s new Engine Retrofit Report. The report has identified that retrofitting a significant number of the 9,000 and 12,900 large mercha

about 3 years ago
container shipping
Business Developments & Projects

ICS rolls out CII data collection system

The International Chamber of Shipping (ICS) has launched a Carbon Intensity Indicator (CII) Data Collection System. CII is a rating system developed by the International Maritime Organization (IMO) to measure the energy efficiency of ships, above 5,000 gross tonnage and trading internationally. It c

about 3 years ago
Recently shut-in Tamar platform off Israel; Source: Chevron
Business Developments & Projects

With oil & gas markets on tenterhooks in the wake of the Israel-Palestine war, is a reinvigorated push for clean energy coming?

While current impacts are bound to be limited, a further spike along with a disruption of oil supplies are believed to be on the cards if Iran joins the fray.

11 minutes read
In focus: Is natural gas crucial element of energy transition?
Business Developments & Projects

In focus: Is natural gas crucial element of energy transition?

With the world adapting to emerging sources of supply and decarbonization technologies, the discussion about which fuel is the top contender for the successful energy transition continues. Despite the growing opposition to fossil fuels, some consider natural gas, primarily LNG, as the leading transi

about 3 years ago
Noble-owned Khamsin drillship (for illustration purposes); Source: Equinor
Business Developments & Projects

International offshore rig count takes a downturn

Baker Hughes’ international rig count report shows a sharp drop in the number of offshore rigs in September 2023.

about 3 years ago
Saipem
Business Developments & Projects

Saipem rakes in whopping $4.1 billion for work on natural gas project

Saipem, in consortium with NPCC, has inked a letter of award (LOA) with ADNOC for work on a recently sanctioned giant gas development.

about 3 years ago
ADNOC
Business Developments & Projects

ADNOC turns to drones to slash emissions and ‘future-proof’ onshore & offshore ops

ADNOC has joined forces with EDGE to deploy UAE-made drones across its onshore and offshore operations to curb its emission footprint.

about 3 years ago
Illustration; Source: ADNOC
Business Developments & Projects

ADNOC sanctions giant gas development designed to run with net-zero CO2 emissions

ADNOC) has made a final investment decision and awarded of batch of contracts for a giant gas development, which aims to operate with net-zero carbon dioxide (CO2) emissions.

about 3 years ago
Illustration; Source: SLB
Business Developments & Projects

SLB unveils ‘plug-and-play’ methane monitoring tool for oil & gas ops

SLB has launched a compact methane instrument, enabling continuous methane monitoring across oil and gas operations.

about 3 years ago