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Business Developments & Projects

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Business Developments & Projects

Shelf Drilling wins five-year deal for recently acquired jack-up rig

Shelf Drilling has secured a contract for the recently acquired jack-up rig Shelf Drilling Victory for operations in the Arabian Gulf.

about 4 years ago

Business Developments & Projects

ADNOC books 12 jack-up and 2 island rigs for expansion of offshore operations

ADNOC has awarded a contract worth $1.53 billion to ADNOC Drilling to support the expansion of its offshore operations.

about 4 years ago

Business Developments & Projects

Energean starts flow testing at Karish gas field

Energean has achieved a milestone in the commissioning process of its Energean Power FPSO on the Karish gas field

about 4 years ago

Business Developments & Projects

Energean hits gas discovery in waters off Israel

Energean has made a gas discovery with the Hermes exploration well offshore Israel and has moved on to drill the next well in the campaign.

about 4 years ago

Business Developments & Projects

QatarEnergy sets sights on becoming largest LNG company within ten years

Qatar’s state-owned oil and gas company QatarEnergy has set its sights on becoming the largest liquefied natural gas (LNG) traders in the world within five to ten years. Minister of State for Energy Affairs, the president and CEO of QatarEnergy Saad bin Sherida Al Kaabi underlined this in his speech

about 4 years ago

Business Developments & Projects

Lamprell cheers key milestone on second jack-up for Saudi yard

Lamprell and International Maritime Industries (IMI) have announced the completion of the load-out and float-off of the second jack-up rig being constructed for IMI.

about 4 years ago

Business Developments & Projects

Valaris strikes deals with total backlog of $95 million

Valaris has secured new contract extensions for a drillship and four jack-up rigs with a contract backlog of $95 million.

about 4 years ago

Business Developments & Projects

APM, ADC unveil zero-emission vision for Aqaba Container Terminal

The Netherlands-based terminal operator APM Terminals and Jordan-backed Aqaba Development Cooperation (ADC) have signed a memorandum of understanding for a 15-year extension of their partnership in the Aqaba Container Terminal (ACT), paving the way for making the facility zero emission.

about 4 years ago

In focus: Are countries caught between energy security and net-zero pledges?

Business Developments & Projects

In focus: Balancing act between energy security and net-zero goals

The global energy crisis has forced nations around the globe to ponder whether they need to pick between energy security and net-zero goals. Can both be obtained simultaneously? This is the question on everyone’s mind.

about 4 years ago

Business Developments & Projects

UK’s Capricorn to merge with Israel’s NewMed instead of Tullow

NewMed Energy has entered into a merger agreement with Capricorn Energy, which will see Capricorn abandon its plans to combine with Tullow.

about 4 years ago

Business Developments & Projects

GMS capitalises on increasing vessel demand and higher rates with another MENA deal

Gulf Marine Services (GMS) has won a new contract with an increased day rate for a large-size class vessel and a small-size class vessel.

about 4 years ago

Business Developments & Projects

Germany and UAE reinforce energy partnership

Germany and the United Arab Emirates (UAE) have entered into a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the two countries in energy security, decarbonisation and climate action. The agreement was signed by Sultan Ahmed Al J

about 4 years ago

GMS Evolution vessel (for illustration purposes); Source: GMS

Business Developments & Projects

UAE player’s new MENA deal reflects growing demand and higher rates

UAE-headquartered Gulf Marine Services (GMS) has secured a new long-term contract for one of its large-size class vessels.

about 4 years ago

Business Developments & Projects

RWE seals multi-year LNG supply deal with ADNOC, first cargo to reach floating LNG terminal at Brunsbüttel by year-end

German energy company RWE has entered into an agreement with Abu Dhabi National Oil Company (ADNOC) on liquefied natural gas (LNG) supplies, with the first cargo to be delivered to a floating LNG import terminal at Brunsbüttel. Under the agreement, the first delivery of a cargo of LNG will be suppli

about 4 years ago