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Business Developments & Projects

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K Shipbuilding
Business Developments & Projects

K Shipbuilding wins order for two MR tankers

Korean shipbuilder K Shipbuilding has secured an order for the construction of two 50,000 dwt MR tankers. The contract has been signed with an undisclosed Middle Eastern owner believed to be Al Seer Marine, a unit of Abu Dhabi-based International Holding Company. According to Clarksons, the two vess

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

Volatility in oil & gas prices on the cards for 2023 after roller-coaster ride in 2022, says Westwood

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Westwood dives into upstream oil and gas trends in 2022, predicting that 2023 will also be marked by oil and gas price volatility.

about 3 years ago
Central Morecambe platform; Source: Spirit Energy
Business Developments & Projects

In Focus: Dealing with the energy trilemma

A new week, new steps in the transformation of the offshore energy sector. In this process the industry is dealing with the energy trilemma: to provide energy that is secure, affordable and lower in carbon.

about 3 years ago
Petrojarl Knarr FPSO; Source: Altera Infrastructure
Business Developments & Projects

Drydocks World and Aker Solutions to revamp FPSO destined for UK’s giant oil & gas field

Drydocks World Dubai and Aker Solutions will work together on upgrading an FPSO for one of the largest undeveloped oil fields in the UK.

about 3 years ago
OXAGON
Business Developments & Projects

NGHC receives first industrial operating license in Oxagon

Saudi Arabia’s Ministry of Industry and Mineral Resources has issued the first industrial operating license for NEOM Green Hydrogen Company (NGHC), an equal joint venture between NEOM, ACWA Power, and Air Products, based in Oxagon. When complete, NGHC is expected to be the largest at-scale green hyd

about 3 years ago
January brings increase to offshore rig count
Business Developments & Projects

January brings increase to offshore rig count

The international offshore rig count recorded an increase of ten units in January 2023 compared to December last year, according to the latest rig count report from Baker Hughes. The international rig count is up 60 rigs from last year’s count of 841, with offshore rigs up 31 and onshore rigs up 29.

about 3 years ago
Maersk, Ashdod Port to collaborate on logistics, supply chain innovation
Business Developments & Projects

Maersk, Ashdod Port to collaborate on logistics, supply chain innovation

Ashdod Port Company has signed an agreement with Maersk North America to collaborate on innovation opportunities in supply chain logistics.

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

Jack-up rig deal opens offshore energy sector doors to Swedish player

Sweden’s Echandia has received an initial order for battery systems to curb emissions and boost energy efficiency on a jack-up drilling rig.

about 3 years ago
shipping
Business Developments & Projects

Greenabl Shippers Association: Logistics industry launches green supply chain coalition

The logistics industry is taking a major step towards sustainability with the launch of Greenabl Shippers Association, the first not-for-profit cooperative procurement group committed to decarbonizing the transportation sector. Managed by Bluspark, the association brings together expertise in ocean

about 3 years ago
Following 'very promising 2023', energy services sector anticipated to grow to $1 trillion
Business Developments & Projects

Following ‘very promising 2023’, energy services sector anticipated to grow to $1 trillion

The global market for oil and gas contractors is expected to rise to a peak of $1 trillion in 2025 and remain at high levels for several years, according to a report by energy intelligence group Rystad Energy. For the 2022-2028 period, overall oil and gas spending is anticipated to stay above $920 b

about 3 years ago
UAE and France to decarbonise HTA industries
Business Developments & Projects

UAE and France to decarbonise HTA industries

The UAE and France have agreed to launch a bilateral programme to develop commercial and investable opportunities to accelerate clean energy development, notably in the decarbonisation of hard-to-abate (HTA) industries, including clean hydrogen solutions for mobility. According to Masdar, (Abu Dhabi

about 3 years ago
TAQA
Business Developments & Projects

With new acquisition, TAQA expands its well solutions business across multiple geographies

With this acquisition, TAQA has expanded its footprint in the Middle East, North Africa, Central Asia, and Eastern Europe.

about 3 years ago
Significant emissions and cost savings on the cards for Middle East operator’s rig fleet
Business Developments & Projects

Significant emissions and cost savings on the cards for Middle East operator’s rig fleet

Energy consultancy Xodus has outlined a roadmap for a 60 per cent reduction in total CO2 emissions for a Middle East operator’s fleet of drilling rigs, following a greenhouse gas (GHG) emissions baseline and energy efficiency review. Xodus reported it had identified more than 25 energy and emissions

about 3 years ago
Oman LNG continues supply deals spree with Turkish BOTAŞ
Business Developments & Projects

Oman LNG continues supply deals spree with Turkish BOTAŞ

Oman LNG has signed a binding term-sheet agreement with Turkish BOTAŞ Petroleum Pipeline Corporation to supply 1 million metric tonnes per annum (mtpa) of LNG, starting in 2025. According to reports from the Omani state news agency, the agreement was signed on 30 January. The deal will see Oman LNG

about 3 years ago