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Business & Finance

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Fossil EnergyLow-Carbon TransitionOil & GasBusiness Developments & ProjectsEnvironmentTransitionGreen MarineMarket OutlooksOutlook & StrategySubseaExploration & ProductionProject & TendersRigsAuthorities & GovernmentRegulation & PolicySafetyLiquefied Natural GasSurveys & InterventionsVessels & VehiclesTechnologyFPSO & VesselsPipesProduction & ProcessingEquipmentVisionDecommissioningCollaborationOperations & MaintenancePorts & LogisticsResearch & Development
MethaneSAT Data Rendering; Credit: MethaneSAT
Business & Finance

Satellite down for the count but fight against methane in oil & gas realm will go on

MethaneSAT has lost contact with a satellite developed to shed light on methane emissions that other tools cannot detect, with a focus on oil and gas operators as the largest industrial source of the methane menace.

about 1 year ago
DP World unit takes controlling stake in NovaAlgoma Cement Carriers
Business & Finance

DP World unit takes controlling stake in NovaAlgoma Cement Carriers

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P&O Maritime Logistics (POML), a subsidiary of Dubai-based terminal operator DP World, has decided to acquire a 51% controlling stake in Nova Algoma Cement Carriers’ (NACC) wholly owned cement assets.

about 1 year ago
Illustration; Source: Longitude Engineering
Business & Finance

ABL’s engineering arm gets job on next chapter of Shell’s deepwater gas field

Longitude Engineering, part of Oslo-listed energy, marine, and engineering consultancy ABL Group, has been hired to handle detailed engineering and project management services for a Shell-operated gas project in the West Delta Deep Marine (WDDM) concession off the coast of Egypt.

about 1 year ago
Illustration; Source: ADES
Business & Finance

Tragic incident in Gulf of Suez: Four dead, three missing as jack-up capsizes

ADES has disclosed a towing incident in Egypt’s Gulf of Suez, involving a jack-up barge unit owned by its subsidiary and operating within a key oil zone in Egyptian territorial waters.

about 1 year ago
Thor rig; Source: Crystal Offshore via LinkedIn
Business & Finance

Borr Drilling’s rig quartet scores multimillion-dollar gigs across geographies

Borr Drilling, an offshore drilling player, has secured a batch of deals for four jack-up rigs in the Middle East, Southeast Asia, and North America.

about 1 year ago
Saipem 10000 drillship
Business & Finance

One well down, as Saipem drillship moves to another to unlock more gas at Eni’s field

Eni has completed the drilling of a well at a natural gas field in the Mediterranean off the coast of Egypt, using a drillship from the rig fleet of Saipem, a compatriot engineering, drilling, and construction services player.

about 1 year ago
High Island V jack-up rig; Source: Shelf Drilling
Business & Finance

Shelf Drilling rig staying five more years with Aramco

Shelf Drilling (SHLF) has landed a multi-year assignment for one of its jack-up rigs in the Middle East, where it will continue its drilling work with Aramco.

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

Another gas asset switching back to online mode in the wake of Israel-Iran ceasefire

Chevron has received the green light to restore production from its giant natural gas field off the coast of Israel, as the dust continues to settle over the U.S.-arranged Israel-Iran ceasefire deal in the Middle East.

about 1 year ago
Emirati subsea company further bolsters fleet with two UK-made ROVs
Business & Finance

Emirati subsea company further bolsters fleet with two UK-made ROVs

Shortly following the addition of a new Saab remotely operated vehicle (ROV) to its fleet, the UAE-based CCC (Underwater Engineering) has contracted the UK’s Forum Energy Technologies (FET) for the delivery of two work-class ROVs. The FET Perry XLX-C 3,000-meter systems will be used for construction

about 1 year ago
FPSO Energean Power; Source: Energean
Business & Finance

Israel-Iran truce sends signal for Mediterranean gas story to continue with FPSO restart

As the Israel-Iran ceasefire seems to be holding its ground, the UK-based oil and gas player Energean has been given the go-ahead to restart production from a floating production, storage, and offloading (FPSO) vessel, which is working on a natural gas field off the coast of Israel, enabling the cou

about 1 year ago
Vallourec lands 'large' Qatar deal weeks after acquiring Brazillian pipe coating firm
Business & Finance

Vallourec lands ‘large’ Qatar deal weeks after acquiring Brazillian pipe coating firm

French provider of tubular solutions Vallourec has secured a contract defined as large for the supply of oil country tubular goods (OCTG) for drilling operations in Qatar, representing over $50 million in potential revenue. According to the company, the agreement includes the supply of carbon steel

about 1 year ago
EnerMech recently won its first major decommissioning campaign in the U.S. Gulf region with ExxonMobil; Source: EnerMech
Business & Finance

Interview: High-growth regions, subsea, and FPSO jobs unlocking EnerMech’s resilience in energy realms

EnerMech, an Aberdeen-headquartered integrated solutions specialist, has pinpointed the focus on high-growth regions, subsea work, and floating production, storage, and offloading (FPSO) assignments as its tripartite resilience formula, which it uses as keys to achieving resilience against the backd

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

Oil & gas price uptick and vessel rerouting as Israel-Iran conflict keeps markets on edge

A spike in crude oil prices and tweaks to ships’ regular routes are some of the key indicators of uncertainty enveloping energy and shipping markets in the wake of Israel’s attack on Iran, as both countries turn off their giant offshore hydrocarbon production taps for safety reasons.

11 minutes read
MoU signed to advance Fujairah’s maritime ecosystem and attract investment
Business & Finance

MoU signed to advance Fujairah’s maritime ecosystem and attract investment

Fujairah Terminals, a subsidiary of the UAE-based terminal operator AD Ports Group, and the Fujairah Free Zone Authority (FFZA) have signed a memorandum of understanding (MoU) to attract investment, streamline operations, and promote sustainable growth within Fujairah’s maritime ecosystem.

about 1 year ago