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Business & Finance

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Fossil EnergyFPSO & VesselsOil & GasBusiness Developments & ProjectsExploration & ProductionProject & TendersHydrogenOutlook & StrategyLow-Carbon TransitionAuthorities & GovernmentRegulation & PolicyRules & RegulationRigsSubseaVessels & VehiclesEquipmentVesselsGreen MarineCollaborationResearch & DevelopmentTechnologyAmmoniaClean FuelTechnology & InnovationInterconnectorsCarbon Capture Usage & StorageEnvironmentInfrastructureTransitionVisionPipesLiquefied Natural Gas
FPSO Baobab Ivoirien; Source: Drydocks World
Business & Finance

MODEC puts Drydocks World in charge of FPSO revamp

Drydocks World has been tasked with refurbishment and life extension works to enable a new lease on life for a floating production, storage, and offloading (FPSO) vessel, which is expected to stay at its post in West Africa for 15 more years once the enhancement activities are out of the way.

about 1 year ago
Aramco completes acquisition of 50% stake in Air Products Qudra’s hydrogen business
Business & Finance

Aramco completes acquisition of 50% stake in Air Products Qudra’s hydrogen business

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Aramco has completed the acquisition of a 50% equity interest in Blue Hydrogen Industrial Gases Company (BHIG), a subsidiary of Air Products Qudra (APQ).

about 1 year ago
Rawabi Vallianz offshore jack-up barge (JUB) 610; Source: Ocean Oilfield
Business & Finance

UAE player wraps up refurbishment and activation job for jack-up barge

Abu Dhabi-headquartered Ocean Oilfield Integrated Solutions has finished its upgrade activation assignment for a jack-up barge, awarded by Rawabi Vallianz.

about 1 year ago
Prinos is situated in the vicinity of Kavala NE Greece operated by Energean; Source: EnEarth
Business & Finance

$945 million sale deal for ‘high-quality’ assets on shaky ground as uncertainty abounds

Energean has spotted potential clouds that are gathering on the divestment horizon for its portfolio in Egypt, Italy, and Croatia with an enterprise value (EV) of up to $945 million, of which $820 million is firm.

about 1 year ago
Hugin A module; Source: Aker BP
Business & Finance

WATCH: ‘Key’ piece of North Sea oil & gas platform ready for next stage

Drydocks World Dubai, a part of DP World, has slid the final section of a module into place for a new platform destined for deployment at an oil and gas development in the North Sea, off the coast of Norway.

about 1 year ago
Valaris DS-12 drillship; Source: Valaris
Business & Finance

BP to fast-track tie-backs as drilling ops with Valaris rig unleash more gas

BP has made another gas discovery in the Mediterranean region within the Egyptian Exclusive Economic Zone (EEZ).

about 1 year ago
MacGregor crane to be fitted onto China-built dive support vessel
Business & Finance

MacGregor crane to be fitted onto China-built dive support vessel

MacGregor, part of Cargotec, has secured a contract for the delivery of a 100T AHC crane for a dive support vessel (DSV) being built in China. The crane delivery to the Guangzhou Salvage shipyard, for the vessel owned by Saudi Arabian Jana Marine Service Company (JMS), is scheduled in the second qua

about 1 year ago
STAX Engineering gets funding boost, launches carbon capture trials with Seabound
Business & Finance

STAX Engineering gets funding boost, launches carbon capture trials with Seabound

STAX Engineering has secured a $70 million funding boost, alongside launching new carbon capture trials with Seabound.

about 1 year ago
port
Business & Finance

NetZero Tech Ventures backs ammonia cracking technology company CatAmmon

Venture capital company NetZero Tech Ventures will invest in CatAmmon, a company developing an advanced ammonia cracking catalyst that could reduce costs while cutting the carbon emissions in the hydrogen supply chain.

about 1 year ago
Italy's Eni to off-take renewable energy from Albania via planned 1 GW subsea link
Business & Finance

Italy’s Eni to off-take renewable energy from Albania via planned 1 GW subsea link

Italy’s energy major Eni has secured the status of a preferred off-taker of renewable energy transmitted from Albania to Italy through a planned 1 GW subsea interconnector by signing an agreement with Emirati partners. Eni’s Chief Executive Officer Claudio Descalzi has signed three collaboration agr

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

New rig job lands on Seatrium’s table

Seatrium has emerged as the winner in an international tender from International Maritime Industries (IMI), said to be the largest shipyard in the Middle East and North Africa (MENA) region, for the supply of equipment and license for jack-up rig destined to work in the Middle East.

about 1 year ago
Al Shaheen field in Qatar; Source: North Oil Company (NOC)
Business & Finance

UK player staying on duty at giant oil field offshore Qatar for five more years

EnerMech has landed a multi-year contract extension with North Oil Company (NOC), a joint venture between QatarEnergy (70%) and TotalEnergies (30%), for work at an oil asset, which is said to be the largest field off the coast of Qatar.

about 1 year ago
Valaris DPS-5 rig; Source: Lukoil
Business & Finance

Valaris pensions off semi-sub trio, offloads jack-up, and picks up new drilling work for multiple rigs

Valaris has taken steps to optimize its rig fleet by deciding to put three semi-submersible units out of drilling work for good and divest a stacked jack-up rig. The rig owner has also won a new batch of drilling assignments spanning geographies.

about 1 year ago
Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy; Source: QatarEnergy
Business & Finance

QatarEnergy’s CEO pins oil, gas, and renewables as ingredients of ‘resilient’ energy supply

While discussing the tools required to meet energy demands and move forward with the transition to low-carbon and green sources of supply, the CEO of QatarEnergy has emphasized the importance of diversifying the energy mix by feeding oil and gas alongside renewable energy to its global arsenal.

about 1 year ago