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Business & Finance

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Fossil EnergyLiquefied Natural GasLow-Carbon TransitionOil & GasAuthorities & GovernmentBusiness Developments & ProjectsCollaborationExploration & ProductionOutlook & StrategyRegulation & PolicyRigsFPSO & VesselsProject & TendersPipesSubseaSurveys & InterventionsVessels & VehiclesVesselsClean FuelMethanolEnvironmentHuman CapitalIT & SoftwareTransition
Tungsten Explorer drillship; Credit: Greg Williams
Business & Finance

TotalEnergies and Eni sign on dotted line for Cyprus gas exports through Egypt

TotalEnergies and Eni have struck a deal with Cyprus and Egypt to develop a gas discovery named after the god of time in ancient Greek mythology by exporting the natural gas from the field off the coast of Cyprus through Egypt.

about 1 year ago
AD140 jack-up rig; Source: Arabian Drilling
Business & Finance

Saudi and UAE rig owner duo pooling resources to widen offshore drilling horizons

Shelf Drilling has decided to join forces with Arabian Drilling to expand their offshore drilling footprint.

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

BP boosts gas production from Mediterranean Sea as it fires up next chapter of giant project

BP has brought online the second development phase of a field at the West Nile Delta (WND) concession in the Mediterranean within the Egyptian Exclusive Economic Zone (EEZ).

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

$7-9 billion gas deal strengthens India-UAE LNG ties

ADNOC Gas has landed a multi-year liquefied natural gas (LNG) supply agreement worth billions with Indian Oil Corporation, fortifying energy bonds between the United Arab Emirates (UAE) and India.

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

Rig construction of third out of 20 planned newbuilds set in motion with ARO-IMI deal

As the ink dries on the contract between ARO Drilling and International Maritime Industries (IMI), it marks the opening of the construction chapter for a third in a series of 20 planned newbuild Saudi-operated and manufactured offshore jack-up rigs, which the offshore drilling player intends to depl

about 1 year ago
Leviathan; Source: NewMed Energy
Business & Finance

Gas expansion on Chevron’s Mediterranean agenda with subsea pipeline works due by year-end

After hitting the brakes on the planned activities at a giant natural gas field expansion project off the coast of Israel as a result of the Israel-Gaza war in the Middle East, Chevron Mediterranean, a subsidiary of the U.S.-headquartered Chevron, has penciled in the end of the works on a third subs

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

BP hits oil & gas pay in Mediterranean Sea

UK-headquartered energy giant BP has found more oil and gas in the northern Mediterranean within the Egyptian Exclusive Economic Zone (EEZ).

about 1 year ago
Tamar platform; Source: Chevron
Business & Finance

SOCAR coming aboard Chevron’s gas field offshore Israel

Chevron Mediterranean Limited, a subsidiary of the U.S.-headquartered oil major Chevron, is getting a new partner at its gas field off the coast of Israel, as Union Energy has decided to sell its stake to the State Oil Company of the Republic of Azerbaijan (SOCAR). SOCAR is continuing to implement i

about 1 year ago
Under $57.4M contract, Indian firm takes its diving support vessel to Middle East
Business & Finance

Under $57.4M contract, Indian firm sends its diving support vessel to Middle East

India’s Seamec Limited has entered into a charter hire with a Saudi Arabian company under which its multipurpose diving support vessel (DSV) will be deployed in the Middle East. Seamec entered into a Bimco charter party with Safeen Al Behar Limited Company, Saudi Arabia, for the charter hire of Seam

about 1 year ago
Samsung E&A secures $1.7 billion deal to build UAE’s first methanol plant
Business & Finance

Samsung E&A secures $1.7 billion deal to build UAE’s first methanol plant

TA’ZIZ awarded an engineering, procurement, and construction (EPC) contract worth $1.7 billion to Samsung E&A for UAE’s first methanol plant.

about 1 year ago
A man and a woman sitting behind a desk
Business & Finance

ADNOC inks $450 million LNG supply deal with JERA

JERA Global Markets, a trading subsidiary of Japan’s energy major JERA, has signed a liquefied natural gas (LNG) supply agreement with UAE’s ADNOC Gas and its subsidiaries.

about 1 year ago
Illustration; Source: Bureau Veritas
Business & Finance

Workforce cuts on the rise: Oil & gas giants’ cost-saving quests fuel layoffs’ wave

Price volatility, rise in costs, climate change, energy transition agendas, rising power demand, and emerging technologies and innovations, including market evolution, automation, and progress in unleashing the benefits of artificial intelligence (AI), have also played their part in shrinking the jo

23 minutes read
Kuwait Petroleum Company
Business & Finance

Another oil & gas discovery of ‘great importance’ springs up offshore Kuwait

Kuwait Petroleum Corporation (KPC) has confirmed a large hydrocarbon discovery at an offshore field in the country’s territorial waters, bolstering its expectations of discovering more offshore oil and gas to boost the country’s energy arsenal.

about 1 year ago
A man and a woman standing next to each other
Business & Finance

ADNOC’s $10B gas supply deal boosting UAE’s energy transition

ADNOC Gas, an affiliate of Abu Dhabi National Oil Company (ADNOC), has entered into a long-term strategic partnership with Emirates Water and Electricity Company (EWEC), the procurer and supplier of water and electricity in Abu Dhabi. The duo has also signed a gas sales and purchase agreement (GSPA)

about 1 year ago
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