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Business Developments & Projects

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New phase of Suez Canal’s digital transformation project launched
Business Developments & Projects

New phase of Suez Canal’s digital transformation project launched

The European Bank for Reconstruction and Development (EBRD) has launched the second phase of its technical support program to digitalise the Suez Canal Economic Zone (SCZone).

about 3 years ago
Rendering of Havkraft N-Class wave power plant (Courtesy of Havkraft)
Business Developments & Projects

Havkraft forms partnership to bring wave energy to Oman

Norwegian company Havkraft has teamed up with a consultancy Translucidus to develop wave energy projects in Oman.

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

Chevron and Egyptian govt join forces to curb methane from oil & gas sector

Chevron has inked a memorandum of understanding (MoU) on methane management with Egypt’s Ministry of Petroleum and Mineral Resources.

about 3 years ago
Felicity Ace
Business Developments & Projects

World’s biggest maritime cargo carriers join Safetytech accelerator

Some of the world’s biggest maritime cargo carriers are joining forces with the world’s first industrial safety technology accelerator to launch an innovation initiative to reduce cargo loss at sea. The companies joining the accelerator are Evergreen Line, HMM, Maersk, the Offen Group, Ocean Network

about 3 years ago
Valaris 118, formerly known as Joe Douglas; Source: BP
Business Developments & Projects

Valaris builds on ‘contracting success’ from 2022 with new floater and jack-up deals in 2023

Valaris has revealed a robust performance during 4Q 2022 while kicking off 2023 with new contracts and extensions for its rig fleet.

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Business Developments & Projects

IEA: Fraction of bumper profits during 2022 can slash oil & gas sector’s methane emissions

Methane emissions remained stubbornly high in 2022, even as soaring energy prices made actions to reduce them cheaper than ever, says IEA.

about 3 years ago
Leviathan partners set the ball rolling for Israeli floating LNG terminal
Business Developments & Projects

Leviathan partners set the ball rolling for Israeli floating LNG terminal

Partners in the Leviathan gas field offshore Israel have approved budgets for 2023 which include nearly $100 million for the expansion of the existing infrastructure and preparation of the future floating LNG terminal. Said to be the largest energy project in Israel’s history, the deep-sea field sta

about 3 years ago
QatarEnergy taking over marketing activities managed by Qatargas
Business Developments & Projects

QatarEnergy taking over marketing activities managed by Qatargas

Qatar’s state-owned oil and gas company QatarEnergy will be taking over all the marketing and related activities currently managed by Qatargas by the end of 2023. QatarEnergy currently manages the marketing and sale of all products produced for export by its group of companies/affiliates, with the e

about 3 years ago
Biofuels
Business Developments & Projects

Biofuels: the low-hanging fruits ensnared in policy gaps

Biofuels have emerged as a promising solution that can be implemented without significant changes to existing infrastructure. Nevertheless, there are numerous challenges hampering their wider adoption.

about 3 years ago
Wan Hai
Business Developments & Projects

Elegant Exit Company buys Wan Hai veteran for green recycling

Netherlands-based Elegant Exit Company (EEC) has acquired the Wan Hai 165, a containership built in 1998, from Taiwanese shipping company Wan Hai Lines. The vessel was put up for demolition sale as part of a wider bidding process Wan Hai launched at the end of last year covering ten end-of-life cont

about 3 years ago
Mawani, Maersk start work on $346M eco-friendly logistics park in Jeddah
Business Developments & Projects

Mawani, Maersk start work on $346M eco-friendly logistics park in Jeddah

Danish shipping giant A. P. Moller – Maersk and Saudi Ports Authority (Mawani) have laid the foundation stone for a multi-purpose, environmentally friendly logistics park at Jeddah Islamic Port.

about 3 years ago
Energean - Abu Qir concession in Egypt.
Business Developments & Projects

Energean and Shell join forces to investigate decarbonisation solution

Energean Egypt and Shell Egypt have entered a Memorandum of Understanding (MoU) to explore a mutually beneficial decarbonisation solution. According to Energean, the MoU is designed to support the decarbonisation and the energy transition of the Arab Republic of Egypt, contributing to global efforts

about 3 years ago
JERA and TAQA enter decarbonisation partnership
Business Developments & Projects

JERA and TAQA enter decarbonisation partnership

Japanese energy major JERA has signed a Memorandum of Understanding (MOU) with Abu Dhabi National Energy Company (TAQA) that will see them explore opportunities to work together to develop projects in the area of decarbonisation. The partnership follows JERA’s efforts to develop business in the Midd

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

Capricorn – NewMed merger plans come to naught

UK-based Capricorn Energy has dropped the previously announced merger agreement with Israel’s NewMed Energy, following board changes.

about 3 years ago