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Business & Finance

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Illustration; Source: QatarEnergy
Business & Finance

KBR tasked with engineering work on oilfield redevelopment project in Persian Gulf

U.S. science, technology, and engineering player KBR has been hired to handle a detailed engineering assignment for a hydrocarbon redevelopment project operated by Qatar’s state-owned oil & gas giant QatarEnergy off the Persian Gulf state’s coast.

about 11 months ago
Allseas to install export pipeline that will ‘significantly enhance’ Gulf of America oil transport capacity
Business & Finance

Allseas to install export pipeline that will ‘significantly enhance’ Gulf of America oil transport capacity

Allseas has secured a contract for the installation of a new deepwater export pipeline for Shell that is set to significantly enhance oil transport capacity, flexibility and efficiency in the central part of Gulf of America (the U.S. Gulf of Mexico). The contract was awarded by pipeline operator She

about 11 months ago
Illustration; Source: ADNOC Drilling
Business & Finance

ADNOC Drilling expands its presence across Gulf Arab states with new acquisition

ADNOC Drilling has widened its footprint in the Arab states of the Persian Gulf, thanks to a deal to obtain a majority stake in MB Petroleum Services (MBPS), a drilling and oilfield services (OFS) provider with operations in Oman, Kuwait, Saudi Arabia, and Bahrain.

about 11 months ago
TGS and Chevron ink long-term deal for deepwater seismic services
Business & Finance

TGS and Chevron ink long-term deal for deepwater seismic services

Norwegian energy data and intelligence company TGS and U.S.-headquartered energy giant Chevron have signed a three-year capacity agreement for marine streamer and ocean bottom node (OBN) acquisition services. The parties plan to collaborate on seismic acquisition projects using TGS streamer and OBN

about 11 months ago
Stena Line takes over world’s northernmost shipping company
Business & Finance

Stena Line takes over world’s northernmost shipping company

In a bid to strengthen its position in the Baltic Sea, Swedish ferry company Stena Line has acquired Wasaline.

about 11 months ago
Meridian purpose-built FPSO hull design; Courtesy of Yinson Production
Business & Finance

Yinson Production’s CFO: Two new project bonds on the 2026 horizon to refinance FPSO duo

Foreseeing no financing woes to hinder its progress, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, is eyeing refinancing opportunities for two floating production, storage, and offloading (FPSO) units with new project bonds on t

about 11 months ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Business & Finance

Shell lines up 15-year offtake from ADNOC’s mega LNG project

Abu Dhabi National Oil Company (ADNOC) has struck a multi-year liquefied natural gas (LNG) offtake deal with Shell International Trading Middle East Limited FZE, a wholly-owned subsidiary of the UK-based Shell, for its low-carbon LNG project, currently under development in the United Arab Emirates (

about 11 months ago
Aker BP gets the all-clear to use Maersk rig on North Sea field
Business & Finance

Inpex adds three assets to Norwegian portfolio

Inpex Idemitsu Norge, a subsidiary of Japan’s Inpex, has completed the acquisition of three assets in Norwegian waters from Norway’s oil and gas company Pandion Energy.

about 11 months ago
DeepOcean and Saudi partner to form joint venture for subsea work in Middle East
Business & Finance

DeepOcean and Saudi partner to form joint venture for subsea work in Middle East

Ocean services provider DeepOcean has signed a heads of terms agreement with Saudi Arabia-based Jana Marine Services to establish a joint venture company that will offer integrated subsea solutions to the offshore energy industry in the Middle East. To be named JADE Subsea Services, the joint ventur

about 11 months ago
Shah Deniz gas field offshore Azerbaijan; Source: Southern Gas Corridor (SGC)
Business & Finance

UAE and Azerbaijan strengthen ties as ADNOC’s XRG expands Caspian Sea footprint

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has set the wheels in motion to join Southern Gas Corridor (SGC) CJSC, which delivers gas resources from the Azerbaijani sector of the Caspian S

about 11 months ago
ABL chosen to back Greece’s Ionian Islands interconnector project
Business & Finance

ABL chosen to back Greece’s Ionian Islands interconnector project

Energy and marine consultancy ABL has been selected to support the installation of upgraded interconnectors in Greece that are set to improve the energy resilience of the Ionian islands. ABL will act as the marine warranty survey (MWS) services provider to support Hellenic Cables’ installation of su

about 11 months ago
Noble Discoverer (former Maersk Discoverer) rig, which carried out the drilling campaign off Guyana for CGX and Frontera JV; Source: Maersk Drilling (now Noble Corporation)
Business & Finance

Guyana partners strike loan deal

CGX, a Canadian-based oil and gas exploration company focused on oil exploration in the Guyana-Suriname Basin, has entered into a loan agreement with a subsidiary of Frontera Energy Corporation, its joint venture partner in a petroleum prospecting license for a block offshore Guyana.

about 11 months ago
Admarine 510 jack-up rig; Source: ADES
Business & Finance

Drilling job in Saudi waters on ADES rig’s agenda in January

ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has secured the green light to restart one of its offshore drilling assignments off the coast of Saudi Arabia.

about 11 months ago
Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Business & Finance

QatarEnergy handpicks contractor for CCS project set to decarbonize its LNG production facilities

Qatar’s state-owned oil and gas giant QatarEnergy has chosen Samsung C&T Corporation as the contractor, which will breathe life into a giant carbon capture and sequestration (CCS) project designed to serve the Persian Gulf state’s existing liquefied natural gas (LNG) production facilities.

about 11 months ago
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