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Business & Finance

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Fossil EnergyOil & GasAuthorities & GovernmentBusiness Developments & ProjectsExploration & ProductionRegulation & PolicySubseaSurveys & InterventionsVessels & VehiclesEquipmentInnovationOutlook & StrategyProject & TendersTechnologyLiquefied Natural GasLow-Carbon TransitionCarbon Capture Usage & StorageTransitionVesselsAlternative FuelsClean FuelGreen MarineOther FuelsShipbuildingCollaborationInfrastructureRigsMethanolCablingInterconnectorsVisionHuman CapitalProduction & Processing
Illustration; Source: ADNOC
Business & Finance

ADNOC, Inpex, Eni, PTTEP, and Pakistan’s PIOL emerge as winners of three oil & gas blocks

The Supreme Council for Financial and Economic Affairs (SCFEA) has handed out three separate oil and gas production concessions to the UAE-based Abu Dhabi National Oil Company (ADNOC) and its partners, including Japan’s Inpex Corporation, Italy’s Eni, Thailand’s PTTEP, and Pakistan International Oil

about 1 year ago
UAE subsea player grows Saab ROV fleet to nine
Business & Finance

UAE subsea player grows Saab ROV fleet to nine

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The UAE-based CCC (Underwater Engineering) has upgraded its fleet with a new Saab remotely operated vehicle (ROV) with the aim of strengthening its offshore inspection and construction capabilities. According to Saab UK, the Saab Seaeye Panther XTP is a compact, powerful ROV designed for a wide rang

about 1 year ago
Artist's rendering of the Ruwais LNG concept design; Source: ADNOC
Business & Finance

Five-year plan puts ADNOC’s XRG on path toward gas and LNG expansion

XRG, a wholly-owned subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), has received endorsement from its board of directors for its five-year business plan, pointing it in the direction of creating a top five integrated global gas and liquefied natural gas (LNG) business with 20–25 mill

about 1 year ago
Hoegh Gandria; Source: Höegh Evi
Business & Finance

New booking enables Wärtsilä to work on Egypt-bound FSRU conversion gig

Wärtsilä has received a new regasification module order from Höegh Evi for a conversion project that will see a liquefied natural gas (LNG) carrier repurposed into a floating storage and regasification unit (FSRU) destined for deployment in Egypt.

about 1 year ago
New joint venture focused on mid-sized LPG tankers comes to market
Business & Finance

New joint venture focused on mid-sized LPG tankers comes to market

Abu Dhabi-based Al Seer Marine, a subsidiary of International Holding Company (IHC), and B International Shipping & Logistics, an affiliate of energy trader BGN, have launched a new joint venture (JV) that will own and operate mid-sized LPG and product tankers.

about 1 year ago
Illustration; Source: ADNOC Drilling
Business & Finance

15-year drilling assignment enables rig duo to rake in $1.15 billion

ADNOC Drilling has expanded its workload with ADNOC Offshore, a compatriot oil and gas heavyweight, by securing another multi-year drilling campaign in the Middle East, which will be undertaken by two of its jack-up rigs.

about 1 year ago
Hail and Ghasha mega gas development concept; Source: ADNOC
Business & Finance

Lukoil boosts its share in huge offshore sour gas project as OMV exits

Austria-headquartered oil and gas player OMV has struck a deal with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest its stake in a giant sour gas development off the coast of the United Arab Emirates (UAE).

about 1 year ago
Wood secures work on UAE’s first large-scale methanol production plant
Business & Finance

Wood secures work on UAE’s first large-scale methanol production plant

UK engineering and consulting company Wood has received a contract from the UAE’s chemicals and transition fuels hub TA’ZIZ to provide project management consultancy (PMC) for the development of “one of the largest methanol plants in the world”.

about 1 year ago
Nakilat cheers steel cutting of 17 new LNG carriers at Hyundai Heavy Industries' shipyard; Courtesy of Nakilat
Business & Finance

Korean shipyard begins piecing together 17 LNG ships for QatarEnergy’s fleet expansion quest

Nakilat has revealed a steel-cutting ceremony for 17 new liquefied natural gas (LNG) carriers, which was hosted at Hyundai Heavy Industries (HHI) shipyard in South Korea.

about 1 year ago
Jan De Nul
Business & Finance

Jan De Nul making headway on landmark $3.8B Middle Eastern interconnection project

Jan De Nul has completed the installation of a portion of cables for what is described as the first-of-its-kind HVDC submarine cable project in the Middle East and North Africa (MENA) region, set to connect ADNOC’s offshore operations to TAQA’s clean onshore power network. Abu Dhabi National Oil Com

about 1 year ago
'Global subsea player' in the makig as DeepOcean acquires Shelf Subsea
Business & Finance

‘Global subsea player’ arising as DeepOcean acquires Shelf Subsea

Ocean services provider DeepOcean has acquired 100% of the shares in Australia-based subsea services provider Shelf Subsea, creating what it says is a global subsea player and expanding its footprint into Southeast Asia, Australia, and the Middle East. Headquartered in Australia, Shelf Subsea has of

about 1 year ago
Sapphire Driller rig; Source: ADES
Business & Finance

QatarEnergy and TotalEnergies JV prolong rig’s drilling gig for four years

ADES has won a multi-year contract extension for one of its jack-up rigs with North Oil Company (NOC), a joint venture (JV) between QatarEnergy (70%) and TotalEnergies (30%).

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

Fresh ten-year gig puts another ADES rig back in Aramco’s oil & gas orbit

ADES Group has landed a long-term contract renewal in the Kingdom of Saudi Arabia (KSA), which allows another one of its previously suspended jack-ups to return to work with Aramco, a Saudi energy giant.

about 1 year ago
ADNOC secures exclusive rights for 'critical tech' for oil & gas well completions
Business & Finance

ADNOC secures exclusive rights to ‘critical tech for completing oil & gas wells’

UAE’s Abu Dhabi National Oil Company (ADNOC) has signed a strategic agreement with Tubacex through which it has secured exclusive rights to use the Spanish company’s tubular joint connection technology, seen as “critical for completing oil & gas wells”. The companies have signed a strategic agreemen

about 1 year ago