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Business & Finance

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Illustration; Source: ADNOC
Business & Finance

US energy giants poised to pour $60 billion into UAE oil & gas projects

Abu Dhabi National Oil Company (ADNOC) has strengthened its energy bonds with U.S. energy majors, thanks to deals to ramp up oil and gas production capacity at two giant fields.

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

AI and clean tech enabling oil boost and emission cuts at world’s second largest offshore field

ADNOC has decided to move forward with a phased development plan to expand a giant offshore oil field, increasing output through new technologies while curbing greenhouse gas (GHG) emissions to ensure more sustainable operations.

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about 1 year ago
ACWA Power strengthens US clean energy ties with $500 million in new deals
Business & Finance

ACWA Power strengthens US clean energy ties with $500 million in new deals

ACWA Power has signed several clean energy memoranda of understanding (MoUs) with U.S. companies, totalling $500 million.

about 1 year ago
Boskalis' vessels working in Oman; Source: Boskalis
Business & Finance

Boskalis vessels ‘spot hunting’ to clear the way for new LNG terminal

Boskalis has deployed a set of dredgers and other vessels from its fleet in the Middle East to lay the groundwork for the creation of a new liquefied natural gas (LNG) terminal in the port of Sohar, bringing Oman closer to turning its dreams of housing the first LNG bunkering hub in the Middle East

about 1 year ago
Illustration; Source: Saudi Aramco
Business & Finance

Aramco goes on contracting spree as US players split its $90 billion cake into 34 slices

Aramco, Saudi Arabia’s energy heavyweight, has dished out multiple deals spanning liquefied natural gas (LNG), fuels, chemicals, emission-reduction technologies, artificial intelligence (AI), and other digital solutions, manufacturing, asset management, short-term cash investments, and procurement o

about 1 year ago
Noble Discoverer rig; Source: Noble
Business & Finance

Transocean, Noble, Valaris, Seadrill, ADES, and Shelf Drilling get hold of $31 billion backlog: Is rig demand tapering off?

Transocean, Noble Corporation, Valaris, Seadrill, Shelf Drilling, and ADES have reported a combined total backlog of $31.17 billion in the first quarter of 2025.

11 minutes read
Illustration; Source: TGS
Business & Finance

New job for TGS in East Mediterranean

Norway-based energy data and intelligence player TGS has landed a new assignment in the East Mediterranean with an undisclosed company.

about 1 year ago
DP World and Asian Terminals’ $100M investment expands Manila South Harbor’s capacity
Business & Finance

DP World and Asian Terminals’ $100M investment expands Manila South Harbor’s capacity

UAE-based logistics group DP World and Philippine port operator, developer, and investor Asian Terminals have invested approximately $100 million into the capacity expansion of the Manila South Harbor (MSH), the Philippines’ international trade gateway.

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

Oil, gas, and LNG weaving energy security web

The winds of change are still gathering speed as they blow across the global energy industry, but they have not managed to dislodge oil and natural gas from their top spots in the energy mix. These fossil fuels, alongside LNG, are still keeping their finger on the pulse of the worldwide energy secur

14 minutes read
Illustration; Source: Rystad Energy
Business & Finance

Fossil fuels are here to stay just like their greener brethren

The wheels of the global energy mix continue to turn, making changes to the fossil fuel-dominated scenery more visible with new pathways being forged to push decarbonization forward and accommodate emerging energy supply sectors. Regardless, the previous year still brought multiple updates on steps

12 minutes read
After Algeria and Brazil, Vallourec going to Kuwait
Business & Finance

After Algeria and Brazil, Vallourec going to Kuwait

French provider of tubular solutions Vallourec has secured a contract with Kuwait Oil Company (KOC) for the supply of oil country tubular goods (OCTG) for drilling operations. The contract is seen as major and represents over $130 million in potential revenue. The agreement includes the supply of ca

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

Decarbonization: Oil & gas industry’s biggest challenge

There is no denying that the oil and gas industry faces multiple challenges, however, Global Data has selected the pressure to decarbonize and diversify products as the largest, driven by climate concerns and increasing carbon taxes imposed by governments, which is perceived to threaten oil and gas

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

Step on the gas, pretty please

Developments in 2024 hammered home the enduring nature of oil, gas, and liquefied natural gas (LNG) projects and the progress made in developing new ones and extending the lifetimes of older ones.

about 1 year ago
Troll A platform in the North Sea; Credit: Oyvind Gravas Even Kleppa/Equinor
Business & Finance

Top dollar oil & gas FID plays in 2024 with offshore development epilogues to come

Since 2024 saw many projects greenlighted, Offshore Energy has delved into some of the biggest steps taken last year to move forward with approved developments.

about 1 year ago