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Business Developments & Projects

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ammonia-powered
Business Developments & Projects

Clarksons: 48% of orderbook embracing alternative fuels with 191 ships ammonia-ready

A total of 5.5% of fleet capacity today is alternatively fuelled, up from 2.3% in 2017, according to Clarksons’ Green Technology Tracker, which estimates the figure to reach 6.5% by 2025. Although alternative-fuelled newbuild ordering has been a little slower in 2023 to date, 48% of overall orderboo

about 3 years ago
GMS Shamal (for illustration purposes); Source: Gulf Marine Services (GMS)
Business Developments & Projects

GMS racks up two extension deals, as offshore vessel market goes from strength to strength

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Gulf Marine Services (GMS) has secured two contract extensions for one of its small-size class vessels and one of its large-class vessels.

about 3 years ago
First commercial shipment of low-carbon ammonia sent to Taiwan Fertilizer
Business Developments & Projects

First commercial shipment of low-carbon ammonia sent to Taiwan Fertilizer

SABIC Agri-Nutrients, a petrochemical company from Saudi Arabia, in collaboration with energy company Aramco, has sent the first commercial shipment of low-carbon ammonia to Taiwan Fertilizer Company. On its social media, SABIC said the shipment reflects its commitment to delivering low-carbon solut

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

What impact will OPEC+ cuts have on global and US oil & gas production?

The EIA expects global oil production to be lower than anticipated after OPEC+ announced extension of its crude oil production cuts.

about 3 years ago
ADNOC
Business Developments & Projects

ADNOC doles out $975 million to unlock more hydrocarbons at Lower Zakum

ADNOC Offshore has awarded a $975 million artificial island construction contract to ADNOC L&S for the Lower Zakum field offshore Abu Dhabi.

about 3 years ago
OCCS
Business Developments & Projects

Maritime powerhouses forge alliance to harness onboard carbon capture

Maritime leaders have formed an elite working group to study onboard carbon capture technologies as a solution to help decarbonize the maritime industry while enabling the existing ships to continue burning fossil fuels. The collaborative project brings together ABS, Diana Shipping Services, Equinor

about 3 years ago
ADNOC Drilling
Business Developments & Projects

ADNOC Drilling expands its offshore rig fleet with two more jack-ups

ADNOC Drilling is acquiring two new premium offshore jack-up drilling rigs, as part of its fast-tracked fleet expansion programme.

about 3 years ago
Oracle Energy and PCME to collaborate on green hydrogen project in Pakistan
Business Developments & Projects

Oracle Energy and PCME to collaborate on green hydrogen project in Pakistan

Oracle Energy, a joint venture between Oracle Power and Sheikh Ahmed Dalmook Al Maktoum, and PetroChina International (Middle East) Company Limited (PCME) have signed a Memorandum of Understanding (MoU) on cooperation and joint development of commercial avenues for Oracle Energy’s planned 400 MW gre

about 3 years ago
Illustration; Source: American Petroleum Institute (API)
Business Developments & Projects

Natural gas hailed as backbone of energy mix with security of supply and decarbonisation vying for attention

Natural gas is still forecasted to play a crucial role and act as a trump card while the world embraces the race to net-zero.

about 3 years ago
Noble Highlander jack-up rig (for illustration purposes); Source: Noble Corporation
Business Developments & Projects

May brings upsurge in international offshore rig count activity

Baker Hughes’ international rig count report indicates that the number of offshore rigs was on an upward trajectory in May 2023.

about 3 years ago
In focus: Investments in clean energy to top $1.7 trillion in 2023
Business Developments & Projects

In focus: Investments in clean energy to top $1.7 trillion in 2023

Worldwide investments in clean energy are projected to reach $1.74 trillion in 2023, a 7.6 percent increase compared to $1.617 trillion invested in green energy in 2022, according to a recent report by the International Energy Agency (IEA). The investments in fossil fuels are also expected to rise,

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Business Developments & Projects

Can oil & gas lend a helping hand in bridging the skills gap in emerging offshore energy sectors?

The offshore energy industry is facing an ever-increasing energy skills gap regarding workers spearheading the transition to green sources.

about 3 years ago
QatarEnergy concludes 15-year LNG supply deal with Bangladesh
Business Developments & Projects

QatarEnergy concludes 15-year LNG supply deal with Bangladesh

QatarEnergy’s LNG trading arm, QatarEnergy Trading, has inked a long-term LNG sale and purchase agreement (SPA) with Bangladesh Oil, Gas and Mineral Corporation (Petrobangla). The 15-year agreement will see QatarEnergy supply about 1.8 million tons per annum (mtpa) of LNG to Bangladesh, starting in

about 3 years ago
Maersk Mc-Kinney Moller Center: Shipowners should be wary of relying on e-fuels alone
Business Developments & Projects

Maersk Mc-Kinney Moller Center: Shipowners should be wary of relying on e-fuels alone

A recent analysis by Maersk Mc-Kinney Moller Center has identified four key constraints that may hinder the supply of renewable electricity to the maritime industry in the 2030s and 2040s, potentially leading to a shortage of e-fuels. The key constraints highlight the challenges that need to be addr

about 3 years ago