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Business Developments & Projects

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In focus: Strengthening cooperation on clean energy and environmental protection
Business Developments & Projects

In focus: Strengthening cooperation on clean energy and environmental protection

New projects in the transformation of the offshore energy sector are here. In this process, the industry is dealing with the following questions: to provide energy that is secure, affordable and lower in carbon. The European Union (EU) and Norway recently formed a Green Alliance to strengthen their

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

Is gas paving the way for the hydrogen revolution?

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In the energy transition blueprint for the sustainable future, hydrogen has carved a niche for itself and is gaining more ground.

about 3 years ago
Japan receives first accredited low-carbon ammonia shipment for power generation
Business Developments & Projects

Japan receives first accredited low-carbon ammonia shipment for power generation

Energy company Aramco has announced that a shipment of low-carbon ammonia has arrived in Japan for use as fuel in power generation. More specifically, this shipment, which is described as the first accredited low-carbon ammonia one to arrive in Japan, was transported to the Fuji Oil company’s Sodega

about 3 years ago
UNDP hires Boskalis to prevent 'enormous oil disaster' offshore Yemen
Business Developments & Projects

UNDP hires Boskalis to prevent ‘enormous oil disaster’ offshore Yemen

Dutch offshore services provider Boskalis has, through its subsidiary SMIT Salvage, reached an agreement with the United Nations Development Programme (UNDP) to remove oil from a floating storage and offloading (FSO) facility moored off Yemen’s Red Sea coast. This Stop Red Sea Spill operation is a p

about 3 years ago
Wood Mackenzie
Business Developments & Projects

With $185 bln of total investment on the table, WoodMac expects more oil & gas FIDs in 2023

Wood Mackenzie outlines that upstream operators will focus on capital discipline and carbon mitigation in 2023.

about 3 years ago
Fugro wins big in the UAE
Business Developments & Projects

Another win for Fugro in the UAE

Fugro has secured a contract to perform a series of offshore surveys for what it says is a “major field development program in the Middle East”. Under the contract, Fugro will deliver site characterization services in support of one of the largest long-term field development programs in the United A

about 3 years ago
ADNOC buying stake in Austrian oil and gas firm
Business Developments & Projects

ADNOC to strengthen clean fuels value chain between UAE and Japan

Abu Dhabi National Oil Company (ADNOC) has signed two agreements with Japanese partners to boost the clean fuels value chain between the UAE and Japan. ADNOC said the first agreement, with the Kawasaki company, aims to explore the production, liquefaction, and transportation of hydrogen to key globa

about 3 years ago
Five dual-fuel VLGCs join ADNOC L&S fleet
Business Developments & Projects

Five dual-fuel VLGCs join ADNOC L&S fleet

UAE’s ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has deployed five newbuild dual-fuel very large gas carriers (VLGCs). The vessels, which were ordered back in 2020, were built at Jiangnan Shipyard in Shanghai, China,

about 3 years ago
QatarEnergy and Namibia's ministry ink deal to strengthen energy cooperation
Business Developments & Projects

QatarEnergy and Namibia’s ministry ink deal for energy cooperation

Qatar’s state-owned energy giant QatarEnergy and Namibia’s Ministry of Mines and Energy have signed a Memorandum of Understanding (MoU) with the aim of strengthening cooperation in the energy sector. The MoU, said to pave the way for continued cooperation, covers areas such as knowledge sharing, wor

about 3 years ago
Ammonia
Business Developments & Projects

In focus: Offshore energy, shipping look to CCS and alternative fuels as they ramp up decarbonization efforts

The offshore energy and shipping industries are essential components of global trade and commerce, responsible for transporting goods and powering homes and businesses around the world. However, they are also significant contributors to greenhouse gas emissions. As the world’s focus on reducing carb

about 3 years ago
Fugro's Blue Essence becomes first-ever UAE-flagged uncrewed surface vessel
Business Developments & Projects

Fugro’s Blue Essence becomes first UAE-flagged uncrewed surface vessel

Fugro has received full navigation licensing from the UAE Ministry of Energy and Infrastructure for its Blue Essence uncrewed surface vessel (USV). The navigation licensing for Fugro Pegasus represents the first registration of an over-the-horizon USV in the UAE, making the Blue Essence USV the firs

about 3 years ago
QatarEnergy transferring 5% of its stake in NFE to China’s Sinopec
Business Developments & Projects

QatarEnergy transferring 5% of its stake in NFE to China’s Sinopec

Qatar’s state-owned oil and gas company QatarEnergy has signed a definitive partnership agreement with China Petroleum & Chemical Corporation (Sinopec) for the North Field East (NFE) expansion project. With this deal, Sinopec becomes the first Aisan shareholder in one of the NFE joint venture compan

about 3 years ago
containership
Business Developments & Projects

Euroseas welcomes its first eco feeder from nine-vessel newbuilding program

Greek shipowner and operator Euroseas has taken delivery of its M/V Gregos, an eco 2,800 TEU feeder containership newbuilding from Hyundai Mipo Dockyard Co. in South Korea. The vessel is EEDI Phase 3 compliant and equipped with a Tier III engine and other sustainability-linked features including alt

about 3 years ago
Noble Invincible rig (for illustration purposes); Source: Noble
Business Developments & Projects

International offshore rig count on the upswing

Baker Hughes’ international rig count report shows that the number of offshore rigs was on the rise in March 2023, surging upward by 6 units.

about 3 years ago