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Business Developments & Projects - Offshore Energy

Business Developments & Projects

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Oil barrels (illustration); Source: Equinor

Business Developments & Projects

Canada ranked as preferred global oil supplier with fossil fuels carving a place in energy transition, shows Ipsos study

Ipsos has asked respondents in 28 countries around the world to complete a ranked ballot of eight oil-producing nations.

about 3 years ago

Business Developments & Projects

CRP Subsea wins contract for Middle East submarine HVDC project

England-based CRP Subsea, part of AIS, has secured a contract to deliver cable protection services for an HVDC submarine cable project offshore United Arab Emirates in the Arabian Gulf. More than 6 kilometers of Uraduct will be used at the cable crossings and platform approaches on the HVDC system,

about 3 years ago

Vahana Aryan self-propelled jack-up rig; Source: DNV

Business Developments & Projects

Rig becomes world’s first jack-up with DNV’s Abate-Ready notation

DNV has awarded – what it describes as – the world-first Abate-Ready notation for a jack-up unit to the Dubai-based Vahana Marine Solutions.

about 3 years ago

Illustration; Source: Remote Medical International (RMI)

Business Developments & Projects

Pursuing stable energy supplies by preventing and curtailing offshore incidents

What should organisations and energy players do to prevent offshore accidents to ensure the security and stability of the energy supply?

about 3 years ago

Business Developments & Projects

Hexter: There are virtually no barriers to adoption of methanol

This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. Upgrade for premium access here. The decarbonization conundrum in the shipping industry persists due to a multitude of challenges, including the high cost of alternative fuels, th

about 3 years ago

Business Developments & Projects

Jeddah Islamic Port accelerates decarbonisation efforts

The Saudi Ports Authority (Mawani) has announced cutbacks in crane activity and truck turnaround times at Jeddah Islamic Port to accelerate its decarbonisation drive.

about 3 years ago

The ‘EWP-EDF One’ project (Courtesy of Eco Wave Power)

Business Developments & Projects

Eco Wave Power signs Israel’s first ever PPA for wave energy

Eco Wave Power has entered into an official power purchase agreement (PPA) with the Israeli National Electric Company (IEC) for the newly installed wave energy project at the Port of Jaffa in Tel Aviv.

about 3 years ago

Business Developments & Projects

Baker Hughes scores ‘major LNG order’ for QatarEnergy’s NFS project

Baker Hughes has received an order from QatarEnergy to supply two main refrigerant compressors (MRCs) for the North Field South (NFS) project. The order, described by Baker Hughes as major LNG order, will be booked in the first quarter of 2023. The ordered MRCs are part of two LNG mega trains repres

about 3 years ago

Saipem 7000 semi-submersible crane vessel; Source: Saipem

Business Developments & Projects

Fresh batch of offshore contracts brings Saipem $650 million

Saipem has been awarded three new offshore EPCI contracts and two FEED competition deals, totalling approximately $650 million.

about 3 years ago

Business Developments & Projects

Clarksons says alternative fuel ships account for 47 pct of orderbook, projects another 100 LNG carrier orders

Alternative fuel ships have accounted for around 60% of new orders since the start of 2022 in GT, primarily driven by LNG dual-fuel vessel orders, and increasingly methanol, and now account for 5% of fleet GT and 47% of orderbook, data from Clarksons shows. Looking at the fleet profile, the shipbrok

about 3 years ago

Business Developments & Projects

UAE player scopes up $2.6 bln deal while unveiling new turnkey offering to ‘revolutionise offshore oil and gas logistics’

ADNOC Logistics & Services has revealed a new deal with ADNOC Offshore, which amounts to $2.6 billion (AED9.5 billion).

about 3 years ago

Illustration; Source: Institute for Energy Economics and Financial Analysis (IEEFA)

Business Developments & Projects

IEEFA warns of worsening inflation in power sector with carbon capture and storage in the mix

New report by IEEFA points out that adding CCS to fossil-fired power plants will have unsustainable implications on electricity prices.

about 3 years ago

Business Developments & Projects

Growing oil & gas demand brings Perma-Pipe to the UAE

As a response to the growing demand for the oil and gas industry in the Middle East, Texas-headquartered Perma-Pipe International has opened a new plant in the United Arab Emirates, said to be its largest production facility outside North America. The Abu Dhabi-based facility was inaugurated at an o

about 3 years ago

GMS Kudeta vessel (for illustration purposes); Source: GMS

Business Developments & Projects

With demand on the rise, GMS vessel scoops up two deals

The UAE-headquartered Gulf Marine Services (GMS) has won two new deals for one of its small-size class vessels.

about 3 years ago