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Business Developments & Projects

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Business Developments & Projects

INTERCARGO: CII cannot be used to achieve desired decarbonisation goals

The International Association of Dry Cargo Shipowners (INTERCARGO) has joined the critics of the Carbon Intensity Indicator (CII) framework voicing opposition to its use as a benchmark for medium-term measures as part of the IMO’s revised GHG Strategy. INTERCARGO said that its members expressed thei

about 3 years ago
STATS Group gets to work on major Middle East subsea pipeline project
Business Developments & Projects

STATS Group gets major Middle East subsea pipeline job

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The UAE-headquartered oil and gas EPC contractor National Petroleum Construction Company (NPCC) has appointed STATS Group to carry out a major subsea pipeline intervention scope. STATS Group’s scope of work includes the hot tapping and double block and bleed isolation of multiple pipelines with diam

about 3 years ago
Maersk
Business Developments & Projects

Maersk to study feasibility of green fuels bunkering in Oman

Danish container shipping major Maersk is resuming its partnership-building strategy aimed at securing the supply of green fuels for its new ships. Namely, the company has signed a Memorandum of Cooperation (MoC) with the Alternative Energy (AE) business unit of OQ, a global integrated energy compan

about 3 years ago
Sovcomflot’s Gagarin Prospect
Business Developments & Projects

All eyes on Russia’s fleet as crude oil price cap, OPEC+ cut perpetuate tanker markets’ volatility

Uncertainty and volatility continue to cast a shadow over the oil and tanker market as December 5 deadline for the oil price cap for Russian oil expires. Today, all eyes are set on Russia to see what vessels will be loaded and where they would head as Moscow defines its steps in response to the [&he

about 3 years ago
ADES expands its fleet with another jack-up rig
Business Developments & Projects

ADES expands its fleet with another jack-up rig

Malaysia’s offshore services provider Icon Offshore has wrapped up the sale of a jack-up drilling rig to ADES in Saudi Arabia.

about 3 years ago
Cargo
Business Developments & Projects

UNCTAD: GHG emissions from the world’s maritime fleet heading in wrong direction

Greenhouse gas emissions from the world’s maritime fleet increased by 4.7%, between 2020 and 2021, with most of the increase coming from container ships, dry bulk carriers and general cargo vessels, the latest Maritime Transport report from UNCTAD warns. Another worrying trend is the fact that the f

about 3 years ago
QatarEnergy agrees to supply LNG to Germany for at least 15 years
Business Developments & Projects

QatarEnergy agrees to supply LNG to Germany for at least 15 years

QatarEnergy has signed two long-term LNG sale and purchase agreements with ConocoPhillips affiliates to deliver up to 2 million tons per annum (mtpa) of LNG from Qatar to Germany. Under the two agreements, a ConocoPhillips wholly-owned subsidiary will purchase the agreed quantities to be delivered e

about 3 years ago
Netherlands sets sights on hydrogen cooperation with Oman
Business Developments & Projects

Netherlands sets sights on hydrogen cooperation with Oman

During the climate summit COP27 in Egypt, the governments of the Netherlands and Oman have signed a declaration of intent with the aim to cooperate on hydrogen projects. The hydrogen cooperation between the two countries will focus on setting up import and export facilities for green hydrogen. The N

about 3 years ago
Keppel hands over first of three newbuild jack-up rigs to ADNOC Drilling
Business Developments & Projects

Keppel hands over first of three newbuild jack-up rigs to ADNOC Drilling

Keppel Offshore & Marine (Keppel O&M), has delivered the first of three newbuild jack-up rigs to the UAE’s ADNOC Drilling.

about 3 years ago
Oilfield services giants get a slice of Aramco's iktva pie as Saudi player dishes out $11bln
Business Developments & Projects

Oilfield services giants get a slice of Aramco’s iktva pie as Saudi player dishes out $11 bln

Saudi oil and gas giant Aramco has signed corporate procurement agreements (CPAs) with oilfield services majors Baker Hughes, Halliburton and SLB, among other companies, as part of its iktva program. Aramco signed 59 CPAs with 51 local and global manufacturers, valued at $11 billion, which are expec

about 3 years ago
New job for Valaris drillship with BP
Business Developments & Projects

New job for Valaris drillship with BP

Offshore drilling contractor Valaris has secured a new assignment for one of its drillships with BP for operations offshore Egypt.

about 3 years ago
Qatar and China sign 27-year LNG supply deal
Business Developments & Projects

Qatar and China sign 27-year LNG supply deal

QatarEnergy and China Petroleum & Chemical Corporation (Sinopec) have entered into a 27-year sale and purchase agreement (SPA) for the supply of 4 million tons per annum (mtpa) of liquefied natural gas (LNG) to China. The contracted LNG volumes will be supplied from QatarEnergy’s North Filed East (N

about 3 years ago
Three brand new jack-up rigs to join UAE drilling giant’s fleet
Business Developments & Projects

Three brand new jack-up rigs to join UAE drilling giant’s fleet

UAE-based ADNOC Drilling has inked a deal to acquire three new jack-up drilling rigs, as part of its fleet expansion strategy.

about 3 years ago
How do things stand for the oil & gas industry in the wake of COP27?
Business Developments & Projects

How do things stand for the oil & gas industry in the wake of COP27?

In the aftermath of COP27, many argue that very little progress was made on the phasing out of fossil fuels.

about 3 years ago