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Business Developments & Projects

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Two new rigs to join ‘one of the largest operating jack-up fleets in the world’
Business Developments & Projects

Two new rigs to join ‘one of the largest operating jack-up fleets in the world’

ADNOC Drilling has inked a deal to purchase two additional premium jack-up rigs and hinted at further acquisitions in the pipeline.

about 4 years ago
Borr Drilling's Arabia I and Arabia II
Business Developments & Projects

Two Borr jack-up rigs heading to Middle East to start maiden deals

Following contract preparations in Singapore, two jack-up rigs from Borr Drilling are en route to Saudi Arabia.

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about 4 years ago
TotalEnergies partners with QatarEnergy on North Field South LNG project
Business Developments & Projects

TotalEnergies partners with QatarEnergy on North Field South LNG project

Qatar’s state-owned oil and gas company QatarEnergy has selected French energy major TotalEnergies as the first international partner in the North Field South (NFS) liquefied natural gas (LNG) project. Pursuant to the agreement, TotalEnergies will obtain a 9.375% participating interest in the 16 mil

about 4 years ago
Financial close in place for $3.8 billion decarbonization project in UAE
Business Developments & Projects

Financial close in place for $3.8 billion decarbonization project in UAE

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) have completed the financial closing of what is said to be the first-of-its-kind subsea transmission network in the MENA region. The $3.8 billion strategic project is set to power and significantly decarbonize A

about 4 years ago
Energean - Abu Qir concession in Egypt.
Business Developments & Projects

Gas production starts from new well off Egypt

E&P company Energean has announced a new gas production from the Abu Qir concession located offshore Egypt.

about 4 years ago
Illustration (Courtesy of IRENA)
Business Developments & Projects

Renewable energy jobs remain resilient with 12.7 million employed globally

Worldwide renewable energy employment reached 12.7 million last year, a jump of 700,000 new jobs in one year, according to a new report by International Renewable Energy Agency (IRENA).

about 4 years ago
QatarEnergy and GE team up on carbon capture roadmap
Business Developments & Projects

QatarEnergy and GE team up on carbon capture roadmap

LNG major QatarEnergy signed a memorandum of understanding (MoU) with U.S. firm General Electric (GE) to collaborate on developing a carbon capture roadmap for the energy sector in Qatar.

about 4 years ago
New Dutch donation to bridge funding gap, allowing UN to embark on salvage ops for ‘ticking timebomb’ in Red Sea
Business Developments & Projects

New Dutch donation to bridge funding gap for UN’s salvage ops in Red Sea

With additional funds from the Netherlands, the UN may be able to start the salvage operation to prevent a major oil spill in the Red Sea.

about 4 years ago
Stena Forth drillship
Business Developments & Projects

Chevron and partners prepare investment for Aphrodite gas field as Cyprus and Israel push for swift resolution of reservoir dispute

Oil major Chevron and its partners in the Aphrodite gas field off Cyprus have allocated funds for the drilling of an appraisal well and other development costs for the project.

about 4 years ago
Aramco CEO calls for ramp up of oil & gas investments and ‘more credible’ transition plan to tackle energy security challenges
Business Developments & Projects

Aramco CEO calls for investments in oil & gas and ‘more credible’ energy transition plan

Ramp-up of oil & gas investments and a new energy transition plan are required for a secure and sustainable energy future, says Aramco’s CEO.

about 4 years ago
Petrofac and Oman Hydrogen Centre join forces for green hydrogen projects
Business Developments & Projects

Petrofac and Oman Hydrogen Centre join forces for green hydrogen projects

Energy services provider Petrofac has signed a memorandum of understanding (MoU) with Oman Hydrogen Centre (OHC) to collaborate on Oman’s renewable energy sector, particularly in green hydrogen. Located at the German University of Technology (GUtech), OHC is the first research facility of its kind i

about 4 years ago
Two contrasting scenarios depict challenges on the road to decarbonisation amid energy crisis
Business Developments & Projects

Two contrasting scenarios depict challenges to net-zero by 2050 amid energy crisis

A new report outlines challenges for the long-term energy transition outlook as the global energy crisis unfolds.

about 4 years ago
Monjasa adds new tanker to bolster Middle East bunkering operations
Business Developments & Projects

Monjasa adds new tanker to bolster Middle East bunkering operations

As demand for marine fuel solutions increases, oil and shipping company Monjasa has acquired Monjasa Shaker, a 9,600 dwt oil and chemical tanker, to be deployed for cargo and bunkering operations in the Arabian Gulf. According to the company, the vessel allows onboard product blending and is capable

about 4 years ago
Eni and ADNOC looking into ways to expand and strengthen gas supply
Business Developments & Projects

Eni and ADNOC looking into ways to strengthen energy security by expanding gas supply

UAE’s ADNOC and Italy’s Eni are contemplating options to explore opportunities to increase the security of gas supply.

about 4 years ago