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Business Developments & Projects

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In focus: Don’t let a good energy crisis go to waste
Business Developments & Projects

In focus: Don’t let a good energy crisis go to waste

The volatility within the energy market has forced nations to look inward for solutions to this global issue and cut their reliance on energy imports or diversify their sources of supply. Looking longer-term, if this approach becomes a policy and not a one-off solution to a one-off problem, this kin

about 4 years ago
Employment in clean energy sector on the rise, exceeding declines in fossil fuels jobs, says IEA
Business Developments & Projects

Employment in clean energy sector on the rise, exceeding declines in fossil fuel jobs, says IEA

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The International Energy Agency has outlined that employment in the energy sector is rising above pre-Covid levels, driven by clean energy.

about 4 years ago
Energean Power FPSO
Business Developments & Projects

Energean weeks away from delivering first gas from Karish

Energean is on track to deliver the first gas from the Karish gas project located offshore Israel within weeks.

about 4 years ago
ARO’s 20-rig newbuild programme fires Valaris’ enthusiasm for growth prospects
Business Developments & Projects

Valaris excited by growth prospects as ARO explores financing options for 20 newbuilds

Valaris has expressed its excitement over growth prospects arising out of a 20-rig newbuild programme, which ARO Drilling is pursuing.

about 4 years ago
To ramp up production at Lower Zakum, ADNOC hands out $548 million deal for new main gas line
Business Developments & Projects

To ramp up gas production at Lower Zakum, ADNOC hands out $548 million deal

UAE’s ADNOC Offshore has awarded a $548 million contract for a new main gas line at its Lower Zakum field offshore of Abu Dhabi.

about 4 years ago
ADNOC sends first low-carbon ammonia cargo to Germany
Business Developments & Projects

ADNOC sends first low-carbon ammonia cargo to Germany

Abu Dhabi National Oil Company (ADNOC) has sent out the first shipment of low-carbon ammonia from the United Arab Emirates to Hamburg, Germany.

about 4 years ago
Bahri
Business Developments & Projects

Bahri aims to enhance operations with fleet performance monitoring center

Saudi Arabian logistics and shipping company Bahri has launched the first phase of its Fleet Performance Monitoring Center (FPMC), set to enhance operations in the areas of speed and consumption, energy efficiency and hull performance. Bahri aims to develop it into a centralized support system that

about 4 years ago
In focus: Emerging renewable energy projects to cushion effects of global energy crisis
Business Developments & Projects

In focus: Emerging renewable energy projects to cushion effects of global energy crisis

With the global energy crisis unfolding and energy prices soaring, governments and companies are ramping up investments in renewables, energy efficiency and clean technologies.

about 4 years ago
Sercel
Business Developments & Projects

BGP returns to Sercel for another seabed nodal solution purchase

Sercel, a designer and manufacturer of seismic equipment, has made another ‘major’ sale of its GPR300 seabed nodal solution to geophysical services provider BGP. The sale of the second batch of 12,000 GPR300 nodes to BGP follows the earlier major order of 18,000 nodes in 2021. According to Sercel, t

about 4 years ago
QatarEnergy and QAFCO launch world’s largest blue ammonia facility
Business Developments & Projects

QatarEnergy to build ‘world’s largest blue ammonia facility’

QatarEnergy’s affiliates QatarEnergy Renewable Solutions and Qatar Fertiliser Company (QAFCO) have signed agreements for the construction of the Ammonia-7 Project, the first world-scale and largest blue ammonia facility project.

about 4 years ago
Global Alliance for Industry Decarbonization launched by IRENA and industry partners (Courtesy of IRENA)
Business Developments & Projects

IRENA joins forces with industry leaders to unlock green industrialization opportunities

The International Renewable Energy Agency (IRENA), co-founding partner Siemens Energy and 13 companies across all industry sectors have launched the global Alliance for Industry Decarbonization.

about 4 years ago
West Ariel rig - Seadrill
Business Developments & Projects

Seadrill to sell seven jack-up rigs for $628 million

Seadrill has entered into a binding share purchase agreement with ADES to sell the legal entities that own and operate seven jack-ups in Saudi Arabia.

about 4 years ago
UAE oil & gas giant hands out five ‘largest-of-its-kind’ drilling deals worth $1.83 bln
Business Developments & Projects

UAE oil & gas giant hands out five ‘largest-of-its-kind’ drilling deals

UAE’s ADNOC has awarded framework deals described as “largest-of-its-kind” totalling $1.83 bln for drilling-related services to five firms.

about 4 years ago
Support for fossil fuels passed whopping $697 bln in 2021, delaying energy transition progress, says OECD and IEA
Business Developments & Projects

Support for fossil fuels passed $697 bln in 2021, delaying energy transition progress, says OECD and IEA

The IEA and the OECD outline in their new analysis that the backing for fossil fuels almost doubled in 2021, reaching $697.2 billion.

about 4 years ago