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Business Developments & Projects - Offshore Energy

Business Developments & Projects

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Business Developments & Projects

Inpex commits to clean energy development in UAE

In a statement to Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology of the UAE and Managing Director and Group CEO of ADNOC, Japan’s oil and gas producer Inpex has officially committed to the United Arab Emirates (UAE) in regard to clean energy development in the country. According

about 3 years ago

Business Developments & Projects

QatarEnergy joins TotalEnergies and Eni on two exploration blocks in Mediterranean’s gas-rich waters

TotalEnergies andEni have completed the transfer of a partial interest to QatarEnergy for two offshore blocks located in Lebanese waters.

about 3 years ago

2023 to be a busy year for offshore rigs, pushing utilisation and day rates up, says Westwood

Business Developments & Projects

Westwood: 2023 shaping up to be a busy year for offshore rigs with further boost in day rates

Westwood forecasts global marketed offshore rig utilisation to average 95 per cent this year with day rates getting a further boost.

about 3 years ago

Business Developments & Projects

UK-headquartered NDT inspections specialist eyes new markets

UK-headquartered NDT inspections specialist TSC Subsea has revealed plans to expand to new markets in the Middle East, Africa and South East Asia. The strategic growth plans are said to follow on from one of TSC Subsea’s most successful years to date in which the company established new bases in Bra

about 3 years ago

Business Developments & Projects

Hyundai Samho taps GTT for tank design of ASYAD’s LNG carriers

Korean shipyard Hyundai Samho Heavy Industries (HSHI) has ordered the tank design of two liquefied natural gas (LNG) carriers from French LNG containment specialist GTT. According to GTT’s statement, the tank design order was placed on behalf of a Middle Eastern shipowner at the beginning of 2023. T

about 3 years ago

Business Developments & Projects

MSC dominates the industry with record-breaking 124-ship orderbook

Swiss-based container shipping giant MSC has the largest orderbook by far in the industry with 124 containerships on order. Namely, MSC has 14 megamax ships and 22 neo-panamax ships on order scheduled for delivery in 2023, according to Alphaliner. The orders are spread between Chinese and South Kore

about 3 years ago

Business Developments & Projects

UAE to get its first large-scale methanol production plant

Abu Dhabi Chemicals Derivatives Company (TA’ZIZ) has teamed up with global methanol producer Proman AG to develop the United Arab Emirates’ (UAE) first world-scale methanol production facility. The parties have signed a shareholders agreement to develop the facility with an anticipated annual capaci

about 3 years ago

Ursula von der Leyen, President of the European Commission

Business Developments & Projects

In focus: Energy transition caught between cooperation and fragmentation

The world’s business and political leaders gathered this week for the World Economic Forum’s annual event in Davos to discuss global challenges and the way forward. The topic of the weeklong event is ‘Cooperation in a Fragmented World’, highlighting the need to work together to overcome the perfect

about 3 years ago

Business Developments & Projects

Consortium lands deal for project at world’s largest offshore sour gas development

ADNOC has handed out a letter of award (LOA) related to offshore facilities for a giant offshore gas development to a consortium led by NPCC.

about 3 years ago

Business Developments & Projects

ACWA Power to work on first green hydrogen and ammonia projects in Uzbekistan

ACWA Power, a Saudi developer, investor, and operator of power generation, water desalination, and green hydrogen plants worldwide, Uzbekistan’s Ministry of Energy, and Uzkimyosanoat, an Uzbekistan-owned chemical company, have signed extensive heads of terms agreements to develop a green hydrogen fa

about 3 years ago

Energean on track to ramp up its oil & gas output with new projects coming online this year

Business Developments & Projects

Energean on track to ramp up its oil & gas output once new projects come online

Energean is set on reaching its medium-term production target by boosting output from a field off Israel and bringing new projects on stream.

about 3 years ago

Business Developments & Projects

185 global ports can bunker LNG

Ports around the world are ramping up their efforts to develop LNG bunkering infrastructure as demand for LNG-fuelled ships hits new highs. Over the past year, 44 global ports have joined the club of global ports able to provide LNG bunkering. Namely, according to the data from Clarksons, in January

about 3 years ago

Business Developments & Projects

Oman LNG inks supply deals with TotalEnergies and Thailand’s PTT

Oman LNG has signed two binding term-sheet agreements, one with French energy major TotalEnergies and one with Thailand’s PTT Global LNG Company, to supply 1.6 million metric tonnes per annum (mtpa) of LNG starting from 2025, according to Omani state news agency. The agreement with TotalEnergies wil

about 3 years ago

Business Developments & Projects

Development of TA’ZIZ ammonia facility in Abu Dhabi gains ground

ADNOC’s Abu Dhabi Chemicals Derivatives Company (TA’ZIZ) has signed a shareholder agreement with Fertiglobe, a strategic partnership between ADNOC and OCI Company, South Korea’s GS Energy Corporation, and Japan’s Mitsui & Co to develop a 1 million tonnes per annum low-carbon ammonia production facil

about 3 years ago