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Business Developments & Projects

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Perro Negro 11 naming ceremony
Business Developments & Projects

Jack-up rig joins Saipem fleet ahead of five-year gig

A 400-ft jack-up drilling rig built by CIMC Raffles has joined the fleet of Italy’s contractor Saipem following a naming ceremony in China.

about 4 years ago
sohar
Business Developments & Projects

SOHAR port, OOMCO ink bunkering service deal

SOHAR Port and Freezone, a joint venture between the Port of Rotterdam and the Sultanate of Oman, has signed a license agreement with fuel marketing firm Oman Oil Marketing Company (OOMCO) for bunkering services. According to the port’s social media update, the agreement was signed to provide high-q

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about 4 years ago
Stena IceMAX drillship
Business Developments & Projects

BP selects Stena drillship to drill Canadian well

Offshore drilling contractor Stena Drilling has secured a new drilling contract from BP for operations offshore Canada.

about 4 years ago
Significant drop in recoverable oil resources could deal major blow to global energy security, Rystad forecasts
Business Developments & Projects

Drop in recoverable oil resources could deal major blow to energy security, Rystad says

The drop in the total recoverable oil worldwide from last year’s figures represents another threat to global energy security, explains Rystad.

about 4 years ago
Shell joins QatarEnergy’s North Field East LNG expansion
Business Developments & Projects

Shell joins QatarEnergy’s North Field East LNG expansion

QatarEnergy has selected Shell as a partner in the large North Field East LNG expansion project.

about 4 years ago
More efficient power sector in Middle East and Africa to unlock higher volumes of natural gas for export
Business Developments & Projects

Middle East, Africa to play ‘vital role in averting global shortages’ by unlocking more natural gas for export

More efficient power sector in the Middle East and Africa could unlock higher volumes of natural gas for export, says the IEA.

about 4 years ago
Halliburton rig gearing up to kick off Kuwait’s first offshore drilling campaign
Business Developments & Projects

Rig gearing up to kick off Kuwait’s first offshore drilling campaign

Kuwait Petroleum Corporation (KPC) has revealed that Kuwait will be embarking on its first offshore drilling campaign soon.

about 4 years ago
Italy’s Saipem bags $1.25 billion for onshore & offshore deals in Middle East
Business Developments & Projects

Onshore & offshore deals in Middle East bring Saipem $1.25 billion

Saipem has been awarded multiple onshore extensions and new offshore contracts in the Middle East, totalling around $1.25 billion.

about 4 years ago
Faster ramp-up of investments in clean sources needed to tackle double whammy of energy and climate crises
Business Developments & Projects

Faster ramp-up of investments needed to tackle double whammy of energy and climate crises

While investments are expected to reach $2.4 trillion this year, this is not enough to come to grips with the energy and climate crises.

about 4 years ago
Masirah Oil
Business Developments & Projects

Following production shutdown off Oman, restart anticipated in two weeks

Masirah Oil is putting the wheels into motion to resume production at a field offshore Oman after it was stopped due to oil leakage.

about 4 years ago
clean ammonia
Business Developments & Projects

Japanese trio demonstrates clean ammonia supply chain linking UAE and Japan

Japanese companies INPEX Corporation, IHI Corporation and Mitsui O.S.K. Lines (MOL) have demonstrated a clean ammonia supply chain linking the United Arab Emirates (UAE) and Japan.

about 4 years ago
India’s Aban closes sale of jack-up rig to ADES
Business Developments & Projects

India’s Aban closes sale of jack-up rig to ADES

India’s offshore drilling contractor Aban Offshore has completed the sale of a jack-up drilling rig to the UAE-based ADES International.

about 4 years ago
UN coordinator urges public help with funding to stave off ‘5th largest oil spill from a tanker in history’
Business Developments & Projects

UN coordinator urges public to help stave off ‘5th largest oil spill from a tanker in history’

UN Coordinator has urged the public to help with funding to head off a decaying oil tanker threat and prevent an oil spill in the Red Sea.

about 4 years ago
QatarEnergy signs up for initiative to remove methane footprint from oil & gas industry
Business Developments & Projects

QatarEnergy signs up for initiative to remove methane footprint from oil & gas industry

QatarEnergy has joined an industry initiative, which aims to eliminate methane emissions from the oil and gas industry by 2030.

about 4 years ago