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Business Developments & Projects

Exclusive interview with Eni: Gas and LNG at crux of multiple FIDs as ‘game-changing phase’ edges closer

With a diversified pipeline of projects spanning Africa, Asia-Pacific, the Americas, and the East Mediterranean, Italy’s energy giant Eni is set on pursuing a disciplined exploration strategy focused on rapid monetization and a pragmatic, technology-driven approach to emission cuts by combining low-

about 8 months ago

Business Developments & Projects

Saudi ACWA Power seals 27 deals for green hydrogen and other technologies

ACWA Power, a Saudi Arabian developer, investor and operator of power generation, water desalination, and green hydrogen plants, has signed 27 memorandums of understanding (MoUs) at a recent three-day event to advance green hydrogen, desalination technologies, energy storage systems, and industrial

about 8 months ago

Business Developments & Projects

McDermott at the helm of major decom job for 27 offshore platforms

U.S. offshore engineering and construction player McDermott has been tasked with a strategic role in offshore asset retirement, which is being undertaken by Qatar’s state-owned oil and gas giant QatarEnergy. This is described as the Persian Gulf state’s first major offshore decommissioning project.

about 8 months ago

Energy Emerger jack-up rig; Source: Northern Offshore

Business Developments & Projects

2017-built jack-up rig lines up multi-well drilling gig in West Asia

Texas-headquartered Northern Offshore, a builder and operator of jack-up rigs, has secured a new assignment for a nine-year-old jack-up rig off the coast of Oman, West Asia.

about 8 months ago

Hull 3407 completes sea trials; Source: Excelerate Energy

Business Developments & Projects

US firm’s new FSRU getting ready for its gig in Iraq with sea trials out of the way

Excelerate Energy, a U.S.-based liquefied natural gas (LNG) company in Texas, has reached a new construction milestone for a newbuild floating storage regasification unit (FSRU), which has wrapped up sea trials ahead of its deployment at a fully integrated LNG import terminal in Iraq.

about 8 months ago

Business Developments & Projects

McDermott takes on EPCI job at ADNOC’s oil expansion project

McDermott has landed a major assignment, worth between $750 million and $1 billion, for an expansion project designed to boost offshore oil production at a development operated by the United Arab Emirates-headquartered energy heavyweight Abu Dhabi National Oil Company (ADNOC).

about 8 months ago

Business Developments & Projects

QatarEnergy hands out FEED job for LNG project to Chiyoda

Japanese engineering company Chiyoda Corporation has landed a new liquefied natural gas (LNG) assignment with QatarEnergy LNG, which is acting as an agent for Qatar’s state-owned oil & gas giant QatarEnergy.

about 8 months ago

ADNOC Gas' Das Island LNG facility; Source: HS Switchgear FZCO

Business Developments & Projects

ADNOC rakes in $3 billion for LNG offtake deal with Indian player

ADNOC Gas, a subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), has signed off on a multi-year liquefied natural gas (LNG) agreement with India’s Hindustan Petroleum Corporation Limited (HPCL).

about 8 months ago

Business Developments & Projects

Eco Wave Power’s pilot in Israel delivers strong performance in December

Eco Wave Power’s wave energy project at Jaffa Port in Israel has shown strong wave energy production performance during December, which the company says further demonstrates the system’s ability to generate energy reliably under real-world sea conditions and provide valuable operational data support

about 8 months ago

Chevron-operated Leviathan gas asset; Source: NewMed Energy

Business Developments & Projects

Chevron signs off on Mediterranean field expansion for gas production uptick

Chevron Mediterranean Limited (CML), a subsidiary of the U.S.-headquartered Chevron, and its partners have given the green light for a planned expansion of gas export capacity from a giant natural gas field project off the coast of Israel.

about 8 months ago

OSCV Siem Day to be renamed NG Supporter; Source: DeepOcean

Business Developments & Projects

Saipem hires Rana Subsea for job in Middle East as NextGeo enriches fleet with new vessel

Italy-headquartered engineering, drilling, and construction services giant Saipem has booked Rana Subsea, a subsidiary of Next Geosolutions (NextGeo), for an assignment in the Middle East. NextGeo has now strengthened its fleet with a new vessel specifically designed for the execution of complex sub

about 8 months ago

Business Developments & Projects

Nine rigs from Valaris-Aramco JV’s fleet embrace ALTAVE’s AI monitoring solution

ARO Drilling, a 50/50 joint venture between Valaris and Aramco in Saudi Arabia, has made arrangements to equip nine rigs with artificial intelligence (AI) monitoring technology from ALTAVE, a technology player specializing in the development of AI solutions for monitoring and securing complex operat

about 8 months ago

Business Developments & Projects

TotalEnergies offloads oil stakes in Nigerian JV and sets up Middle East’s new trading player

France’s energy giant TotalEnergies has taken steps to divest its oil interest in Renaissance joint venture (JV), formerly SPDC JV, licenses in Nigeria to Vaaris and breathe life into BxT Trading, a new trading company for petroleum products in the Middle East, with Bapco Energies.

about 8 months ago

Business Developments & Projects

Saipem’s jack-up returns to work in ‘key market’ after one-year suspension

Saipem’s jack-up rig Perro Negro 7 is set to resume operations in Saudi Arabia this month, after the contract it had secured in 2011 was temporarily suspended in 2024. Saipem won the contract for Perro Negro 7 in 2011 and secured an extension in June 2023 for ten years. The contract was temporarily

about 9 months ago