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Business Developments & Projects

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Getting to Zero Coalition develops action plan for maritime decarbonisation
Business Developments & Projects

Getting to Zero Coalition develops action plan for maritime decarbonisation

The Getting to Zero Coalition, an initiative for accelerating international shipping decarbonisation, has held its annual working session with the objective of turning the ambition of full decarbonisation by 2050 into a concrete and actionable plan. During the gathering, the participating coalition

about 4 years ago
Five Noble rigs to join Shelf Drilling’s fleet for $375 million
Business Developments & Projects

Five Noble rigs to join Shelf Drilling’s fleet for $375 million

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Shelf Drilling has inked a deal with Noble to buy five jack-up rigs, which are being sold to address concerns about the Noble-Maersk merger.

about 4 years ago
In pursuit of solution for ‘severe liquidity concerns,’ Lamprell ponders takeover bid from shareholder
Business Developments & Projects

‘Severe liquidity concerns’ prompt Lamprell to ponder funding solutions including takeover bid from shareholder

Following Blofeld’s takeover bid, Lamprell intends to continue its discussions with this shareholder to get an updated offer.

about 4 years ago
Non-OPEC+ to spearhead global oil supply in 2023 with output from OPEC+ going down as sanctions take their toll on Russian volumes
Business Developments & Projects

Output from OPEC+ to go down in 2023 as sanctions take their toll on Russian volumes

The IEA forecasts that non-OPEC+ will spearhead global oil supply in 2023, while the output from OPEC+ may fall.

about 4 years ago
Seadrill bags extension deals for three rigs worth $361 million
Business Developments & Projects

Seadrill rigs rake in $361 million in extension deals

Seadrill has won contract extensions with a total value of approximately $361 million in aggregate for three jack-up rigs in the Middle East.

about 4 years ago
Two players join forces to research carbon capture and global supply chain
Business Developments & Projects

Two players join forces to research carbon capture and global supply chain

American Bureau of Shipping (ABS) has teamed up with TAMUQ to launch a study into carbon capture and the global supply chain.

about 4 years ago
ExxonMobil and QatarEnergy ink North Field East LNG deal
Business Developments & Projects

ExxonMobil and QatarEnergy ink North Field East LNG deal

Qatar’s state-owned oil and gas company QatarEnergy has selected U.S. energy major ExxonMobil as a partner in its large North Field East LNG expansion project.

about 4 years ago
Rystad: Russian crude oil diverted from Europe to India & China as war rebalances trade flows
Business Developments & Projects

Rystad: Russian crude oil diverted from Europe to India & China as war rebalances trade flows

Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia, Rystad says.

about 4 years ago
ConocoPhillips joins QatarEnergy's North Field East expansion project
Business Developments & Projects

ConocoPhillips joins QatarEnergy’s North Field East expansion project

Qatar’s state-owned oil and gas company QatarEnergy has selected U.S. oil major ConocoPhillips as a partner in the large LNG project of the North Field East (NFE) expansion.

about 4 years ago
Stena IceMAX drillship
Business Developments & Projects

Energean to drill two more Israel wells with Stena drillship

Energean has exercised its options with Stena Drilling for two more wells offshore Israel as part of its 2022 growth drilling campaign.

about 4 years ago
QatarEnergy selects Eni as partner in the North Field East
Business Developments & Projects

QatarEnergy picks Eni as partner in North Field East LNG project

Qatar’s state-owned oil and gas company QatarEnergy has selected Italian oil and gas company Eni as a partner in its giant North Field East LNG expansion project.

about 4 years ago
New addition for Shelf Drilling’s fleet as India’s Aban offloads another rig
Business Developments & Projects

New addition for Shelf Drilling’s fleet as India’s Aban offloads another rig

UAE’s Shelf Drilling has inked a deal with India’s Aban Offshore to buy one of the latter’s jack-up drilling rigs.

about 4 years ago
As O&G share of MMO market goes down, renewables and low-carbon to take increasingly large slice of pie – Rystad
Business Developments & Projects

As O&G share of MMO market goes down, renewables and low-carbon to take increasingly large slice of pie – Rystad

The oil and gas industry has dominated the MMO market but this is set to change, an analysis by Rystad Energy shows.

about 4 years ago
Worley bags 10-year deal for Chevron’s onshore and offshore asset portfolio
Business Developments & Projects

Worley lands 10-year deal with Chevron

Chevron has awarded a long-term deal to Worley, encompassing its global portfolio of onshore and offshore assets.

about 4 years ago