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Saudi giant unveils $1.5bn sustainability fund to support ‘stable and inclusive’ energy transition

Business Developments & Projects

Saudi giant unveils $1.5 bln fund to support ‘stable and inclusive’ energy transition

Saudi Aramco has created a $1.5 billion sustainability fund to encourage investment in technology needed to support the energy transition.

about 4 years ago

WinGD’s latest generation of X72DF-2.1 engines

Business Developments & Projects

WinGD’s X-DF engines to power QatarEnergy’s 25 newbuilds

Switzerland-based engine developer WinGD has been selected to provide dual-fuel engines to power QatarEnergy’s LNG carrier newbuilds. WinGD’s latest generation of X72DF-2.1 engines will power 25 vessels as part of QatarEnergy’s North Field East (NFE) project, the biggest LNG carrier newbuilding proj

about 4 years ago

New drilling rig deals in Middle East bring $1.9 bln to COSL

Business Developments & Projects

New drilling deals in Middle East bring $1.9 bln to COSL

COSL has been awarded multiple contracts for the provision of drilling rig services by an undisclosed oil company in the Middle East.

about 4 years ago

Business Developments & Projects

Shell takes part in the next wave of Qatar’s LNG expansions

Qatar’s state-owned oil and gas company QatarEnergy has selected Shell as its second international partner in the North Field South (NFS) liquefied natural gas (LNG) expansion project, following the selection of TotalEnergies as the first international partner in the project. Under the partnership a

about 4 years ago

SAFEEN Group boosting subsea offering with purchase of 2014-built vessel

Business Developments & Projects

UAE firm boosting subsea offering with purchase of 2014-built vessel

Safeen Offshore, part of AD Ports Group, is acquiring a new support vessel with the aim of enhancing its subsea service capabilities. The vessel, built in 2014, will operate under the name Safeen Surveyor and will undergo an extensive conversion, including the installation of an integrated dive syst

about 4 years ago

Business Developments & Projects

UAE’s energy giant claims new world record for the longest well

UAE’s ADNOC has announced a new world record for the longest oil and gas well has been set at its Upper Zakum Concession.

about 4 years ago

Business Developments & Projects

Saipem wins the largest single offshore contract in its history

Saipem has secured a contract by Qatargas worth approximately $4.5 billion, the largest single offshore contract by value in its history.

about 4 years ago

Business Developments & Projects

Seadrill closes sale of seven jack-up rigs in Saudi Arabia

Offshore drilling contractor Seadrill has completed the sale of seven jack-up rigs to ADES in Saudi Arabia.

about 4 years ago

Business Developments & Projects

Clarksons: There are 130 ammonia-ready and 6 hydrogen-ready vessels on order

The green transition of the shipping industry is picking up pace with shipowners starting to invest in vessels that are technologically prepared to burn alternative fuels such as ammonia and hydrogen. Uptake of alternative fuels has continued to progress, with 4.8% (2021: 3.7%, 2017: 2.3%) of the fl

about 4 years ago

Business Developments & Projects

Saudi Aramco, NPCC, and McDermott to set up two offshore fabrication yards

Aramco, in collaboration with international partners, is establishing two offshore fabrication yards in Saudi Arabia.

about 4 years ago

Business Developments & Projects

Keppel readies four rigs for deployment to Saudi Arabia

Keppel O&M has completed the modification works for four jack-up rigs, which will be deployed on bareboat charters in Saudi Arabia.

about 4 years ago

Business Developments & Projects

ADNOC hires two jack-up rigs for nearly $1 bln to further unlock UAE’s offshore resources

UAE’s energy giant ADNOC has awarded a contract worth $980 million to ADNOC Drilling to hire two jack-up offshore rigs.

about 4 years ago

Business Developments & Projects

ACWA Power and KEPCO forge green hydrogen/ammonia alliance

Saudi developer of green hydrogen projects ACWA Power and South Korean electric utilities provider Korea Electric Power Corporation (KEPCO) have teamed up to develop green hydrogen/ammonia projects to decarbonise KEPCO’s operations. The companies have signed an extensive memorandum of understanding

about 4 years ago

Business Developments & Projects

ABL Group to act as marine warranty surveyor for UAE project

ABL Group has been appointed as a marine warranty surveyor to review and approve critical marine and offshore operations on the Belbazem Project, offshore UAE.

about 4 years ago