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Business & Finance

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Fugro logo
Business & Finance

Fugro’s largest-ever Asia Pacific award is for Eni’s deepwater gas fields

The Netherlands-headquartered Fugro is set to perform site investigations for Italy’s energy giant Eni in Indonesia under its largest-ever award in the Asia Pacific (APAC) region. In its latest financial results report, Fugro revealed it had been tasked with a site characterisation program for the d

about 1 year ago
Admarine 510 jack-up rig; Source: ADES
Business & Finance

ADES makes $380M takeover bid for Shelf Drilling

A subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has signed an agreement with UAE-headquartered offshore drilling contractor Shelf Drilling to acquire the latter.

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about 1 year ago
An offshore platform
Business & Finance

BP and Eni set their cap on stepping up Mediterranean oil & gas game

Two European energy giants, the UK-headquartered BP and Italy’s Eni, have signed on the dotted line to pursue hydrocarbon exploration activities in the Mediterranean Sea, which will lend Egypt a helping hand in augmenting the Middle Eastern country’s oil and gas production volume.

about 1 year ago
ADNOC Gas' Das Island LNG facility; Source: HS Switchgear FZCO
Business & Finance

UK player’s decarbonization tech kicks off its test run at ADNOC’s oil & gas assets

Oxford Flow, the UK-headquartered valve solution and flow control equipment specialist, has embarked on a trial of its new valve technology at two oil and gas assets operated by the UAE-headquartered Abu Dhabi National Oil Company (ADNOC) to demonstrate the commercial and environmental benefits of t

about 1 year ago
Fugro picks up survey contracts for UAE field developments
Business & Finance

Fugro picks up survey contracts for UAE field developments

The Netherlands-headquartered Fugro has secured a series of contracts for offshore and onshore site surveys in the United Arab Emirates, supporting two of the country’s largest energy field development programs. Work is set to begin in August 2025. The scope includes geophysical and geotechnical inv

about 1 year ago
Valaris DS-15 drillship; Source: Valaris
Business & Finance

Billion-dollar rig jobs raise Valaris’ backlog to $4.7B

Valaris has won a new batch of rig assignments and extensions, enabling three drillships and three jack-ups to secure work in different geographies.

about 1 year ago
SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz
Business & Finance

SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz

Offshore Energy has launched a summer sale with up to 50% off on advertising packages, ending on July 31. Use this opportunity to book your advertising campaign and multiply ways to increase exposure to the industry! Get 15% off for one, 25% off for two, and 50% off for three products or more. Conta

about 1 year ago
NextGeo finalizes acquisition of share in 61-year-old Italian subsea services firm
Business & Finance

NextGeo expands into new regions via acquisition of share in 61-year-old Italian firm

Italy-headquartered Next Geosolutions (NextGeo) has signed a sale and purchase agreement for the acquisition of 75.4% of the share capital of a compatriot subsea services company established in 1964, thereby expanding its operations into the Mediterranean and West African countries and broadening it

about 1 year ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Business & Finance

‘Exciting’ marine phenomenon at offshore gas platform ignites spark of scientific research

CSA Ocean Sciences Inc. (CSA), a marine environmental consulting firm, has shed light on a scientific discovery at an offshore natural gas platform in the Mediterranean Sea, which has spurred subsequent investigation among faculty members at Tel Aviv University and collaborating partners in the regi

about 1 year ago
FSRU Energos Winter; Source: Energos Infrastructure
Business & Finance

Egypt weeks away from upping its security of gas supply with another FSRU

A floating storage and regasification unit (FSRU), owned by Energos Infrastructure, formed by a joint venture between the U.S. energy infrastructure player New Fortress Energy (NFE) and Apollo Global Management, has secured a multi-year deal for deployment at a liquefied natural gas (LNG) import ter

about 1 year ago
Vallourec's orders surge with ADNOC, CNOOC and PetroChina deals
Business & Finance

Vallourec’s orders surge with ADNOC, CNOOC and PetroChina deals

French provider of tubular solutions Vallourec has secured a number of new contracts under which it is set to deliver oil country tubular goods (OCTG) to the UAE’s Abu Dhabi National Oil Company (ADNOC), as well as CNOOC and PetroChina in Iraq. ADNOC has placed an order described as significant for

about 1 year ago
ADNOC Gas' Das Island LNG facility; Source: HS Switchgear FZCO
Business & Finance

Germany’s SEFE and UAE’s ADNOC Gas strengthen energy ties with LNG deal

Germany’s Securing Energy for Europe (SEFE) has expanded its liquefied natural gas (LNG) arsenal through a multi-year LNG supply agreement with ADNOC Gas, a subsidiary of the UAE-headquartered ADNOC, bolstering Europe’s energy security.

about 1 year ago
Tekmar receives order for Middle Eastern pipeline project
Business & Finance

Tekmar receives order for pipeline project in Middle East, seen as key market

UK-headquartered Tekmar Group has secured a contract under which it shall supply bespoke subsea infrastructure technology for a pipeline project in the Middle East. The scope covers the design and manufacture of specialist reinforced concrete support structures for a large-diameter gas pipeline, wit

about 1 year ago
Hail and Ghasha gas project; Source: ADNOC
Business & Finance

First jacket comes to slide into place at huge offshore gas project

ADNOC has tucked a new construction milestone under its belt with the load-out and transport of the first jacket for its multibillion-dollar giant sour gas development, which aims to become the world’s first project to operate with net-zero emissions.

about 1 year ago