As we enter a new year, it is time for us to have a look back at the most-read stories from the past year. 2022 has been a rather turbulent year in many respects. As the world started to emerge from the COVID-19 pandemic, another black swan event rocked the shipping markets to the core, […]
Among the top deals, which have been awarded in 2022 are the ones secured by the U.S.-based McDermott and Italy’s Saipem.
Arabian Drilling has completed the upgrades on its new offshore rigs, which have now embarked on their new drilling assignments.
Borr Drilling has secured long-term deals for two jack-up rigs with undisclosed oil and gas companies in the Middle East and Southeast Asia.
NEOM Green Hydrogen Company, a joint venture created by ACWA Power, Air Products and NEOM, has awarded an engineering, procurement and construction (EPC) contract to Indian Larsen & Toubro (L&T) for the planned mega green hydrogen plant in Saudi Arabia. On 22 December, NGHC announced that the contra
This year saw an ordering spree for LNG carriers amid spiking demand for LNG driven primarily by the ongoing geopolitical turbulence in Europe as the EU battles to break away from dependence on Russian gas instigated by Russia’s war in Ukraine. A total of 162 new orders have been placed so far this
Japanese electricity generator JERA has signed a key term sheet with Oman LNG for the long-term sale and purchase of liquefied natural gas (LNG). Under the 10-year agreement, JERA will purchase up to 12 cargoes (approximately 0.8 million tons) per year of LNG produced from the Oman LNG project start
Japan and Saudi Arabia have signed memoranda of understanding (MoUs) for cooperation in the areas of circular carbon economy (CCE) and carbon recycling as well as clean hydrogen, ammonia and derivatives. The MoUs were signed during the first ministerial meeting of the Saudi-Japanese Ministerial Dial
QatarEnergy and Japan’s Qatar Petroleum Development Company (QPD) have signed a new agreement for the continued development and production of two oil fields located in Qatar’s territorial waters. Under the five-year deal, QPD, owned by Cosmo E&P and Sojitz, will continue to act as the operator of th
LNG development company Atlantic Gulf & Pacific (AG&P) has signed a charter agreement with ADNOC Logistics & Services (ADNOC L&S), the shipping unit of the Abu Dhabi National Oil Company, to utilise the latter’s LNG carrier as a floating storage unit (FSU) at its planned LNG import terminal in India
ASYAD Shipping, a part of Oman’s national logistics provider ASYAD Group, has signed an agreement with South Korea’s Hyundai Samho Heavy Industries for the construction of two liquefied natural gas (LNG) carriers. According to a stock exchange filing, the order for two LNG carriers was placed on 21
LNG has been described as a transitional fuel for the shipping industry for years now, and a practical solution for shipowners who want to act now on their emissions and not wait on the side-lines. Nevertheless, as of recently, we are also seeing that LNG is becoming a fuel in transition as owners s
Abu Dhabi National Oil Company (ADNOC) is acquiring a 24.9 per cent shareholding in Austrian oil and gas company OMV from Mubadala Investment Company. Österreichische Beteiligungs AG (ÖBAG), an Austrian independent holding company, holds 31.5 per cent, with the remaining share capital in free float.
NEOM Green Hydrogen Company (NGHC) has signed facility agreements with local, regional, and international banks along with the execution of a commitment letter with the Saudi Industrial Development Fund (SIDF) for a mega green hydrogen plant, set to produce green ammonia, in NEOM, Saudi Arabia. Loca
