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Business Developments & Projects

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An image mapping North Sea Energy Island in Denmark
Business Developments & Projects

In focus: The X factor of Power-to-X

While the world is working toward having as much renewable energy as possible, green fuels and energy storage could be what saves the day, at least for energy-intensive industries. News on hydrogen and ammonia projects, and renewable energy developments with Power-to-X components this week certainly

about 4 years ago
Air Products contrcted for Qatar North Field East LNG project
Business Developments & Projects

Air Products contracted once more for Qatar North Field East LNG

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U.S.-based LNG equipment maker Air Products has been awarded the contract to supply four end flash coil wound heat exchangers (CWHE) for the North Field East LNG project.

about 4 years ago
Carbon capture, utilisation and storage capacity to increase ‘seven-fold’ by 2050 to reach net-zero, says WoodMac
Business Developments & Projects

WoodMac: For net-zero by 2050, carbon capture, utilisation and storage needs ‘seven-fold’ boost

As global CCUS capacity is nearing 1 billion tonnes per annum, Wood Mackenzie believes that more is needed to meet net-zero goals by 2050.

about 4 years ago
Scrubber
Business Developments & Projects

Scrubber market to reach $16.4 billion by 2030

The global marine scrubber market is estimated to achieve a market size of $16.38 billion by 2030, according to a new report issued by Acumen Research and Consulting.

about 4 years ago
Latest rig addition brings ADNOC Drilling’s offshore jack-up fleet to 28 units
Business Developments & Projects

Latest rig addition brings ADNOC Drilling’s offshore jack-up fleet to 28 units

ADNOC Drilling has inked a deal to acquire an additional premium offshore jack-up drilling rig as part of its fleet expansion programme.

about 4 years ago
India’s Aban completes delayed sale of rig to ADES
Business Developments & Projects

India’s Aban brings delayed rig sale to a close

India’s Aban Offshore has completed the sale of a jack-up drilling rig to ADES International, which was postponed on several occasions.

about 4 years ago
Rystad sees hard times ahead for Russia’s upstream sector even though it rebounded strongly
Business Developments & Projects

Despite strong rebound, Rystad sees hard times ahead for Russia’s upstream sector

Despite the resilience shown by Russia’s upstream sector beset with sweeping sanctions, Rystad Energy believes “the worst is yet to come.”

about 4 years ago
The ‘EWP-EDF One’ project (Courtesy of Eco Wave Power)
Business Developments & Projects

Israel sets feed-in-tariff for Eco Wave Power’s wave energy project

The Israeli Electricity Authority (IEA) has set an official feed-in-tariff (FIT) for Eco Wave Power’s newly installed wave energy pilot project at the Port of Jaffa in Tel Aviv, Israel.

about 4 years ago
Repurposed jack-up rig sets sail for Gabon
Business Developments & Projects

Repurposed jack-up rig sets sail for Gabon oil project

BW Energy has revealed that a former jack-up rig, which was converted to an offshore production unit, is on its way to Gabon.

about 4 years ago
Oil & gas maintenance managers facing equipment and procedure challenges
Business Developments & Projects

Oil & gas maintenance managers facing equipment and procedure challenges

In a recent study, the oil & gas maintenance managers have voiced concerns over growth in procedures and the lack of equipment reliability.

about 4 years ago
Rystad says this year’s high-impact oil & gas drilling activity on track to yield ‘one of the most productive annual volumes’ ever recorded
Business Developments & Projects

Rystad: 2022 high-impact oil & gas drilling activity on track to yield ‘one of the most productive annual volumes’

Rystad: Drilling success rate is set to rebound this year with the potential to result in one of the highest hydrocarbon volumes total on record.

about 4 years ago
Courtesy of ACT
Business Developments & Projects

Jordan’s ACT joins 2040 net zero club

Aqaba Container Terminal (ACT), Jordan’s only container port and the sustainable gateway to the Levant region and beyond, has announced the launch of its decarbonisation strategy which is set to reduce its carbon footprint to net zero by 2040.

about 4 years ago
ADNOC L&S rakes in $1.17 bln in new deals
Business Developments & Projects

ADNOC L&S rakes in $1.17 billion in new deals

ADNOC L&S has been awarded a contract totalling $1.7 billion by ADNOC Offshore for jack-up barges to support production capacity growth.

about 4 years ago
ADNOC Drilling scopes mega deals worth over $3.4 billion to unlock UAE’s energy resources
Business Developments & Projects

ADNOC Drilling scoops up mega deals worth over $3.4 billion

ADNOC Offshore has awarded two contracts worth more than $3.4 bln to ADNOC Drilling for eight rigs to expand offshore drilling activities.

about 4 years ago