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Business & Finance

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Valaris DS-9 drillship; Source: Valaris
Business & Finance

ExxonMobil’s drilling ops with Valaris drillship unleash more gas

ExxonMobil has made a new gas discovery in the western region of the Mediterranean Sea, off the coast of Egypt, with a drillship owned by Valaris, an offshore drilling contract.

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

$54 billion in engineering, procurement and construction contracting opportunities on offshore oil & gas agenda for 2025

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The batch of new projects, which are expected to reach the EPC stage this year, is anticipated to lead to awards worth billions of dollars for jobs related to associated subsea equipment, offshore platforms, floating production units, and liquefied natural gas (LNG) equipment and facilities, based o

about 1 year ago
AM Green partners with DP World to develop green fuels supply chain
Business & Finance

AM Green partners with DP World to develop green fuels supply chain

Indian green hydrogen and ammonia producer AM Green has joined forces with UAE-based logistics group DP World to develop a sustainable supply chain for green fuels and chemicals.

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

BP eyes first gas months earlier with subsea ops already underway, as Valaris rig moves to next well

UK-headquartered energy giant BP has wrapped up drilling activities at two wells, targeting to bring them on stream next month.

about 1 year ago
Shah Deniz Alpha platform; Source: BP
Business & Finance

BP expands 70-year relationship with US firm through deal spanning its global energy portfolio

U.S.-headquartered science, technology, and engineering player KBR has secured a global agreement, which builds upon the duo’s decades-long relationship with BP, the UK-based energy giant.

about 1 year ago
An illustration of an LNG processing facility
Business & Finance

CNPC unit and Petrofac among winners of $2.1B infrastructure contracts for ADNOC’s Ruwais LNG

ADNOC Gas, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has awarded three contracts related to the construction of infrastructure at its future liquefied natural gas (LNG) complex in Al Ruwais Industrial City, Abu Dhabi. The contracts with a combined value of $2.1 billion encompass works

about 1 year ago
Emirati company wins $1B contract for subsea gas pipeline in Taiwan
Business & Finance

Emirati company wins $1B contract for subsea gas pipeline in Taiwan

UAE’s NMDC Energy, formerly known as National Petroleum Construction Company, has secured a $1.136 billion engineering, procurement, and construction (EPC) contract with a Taiwanese company for the installation of subsea gas pipelines, among other things, for the renewal of a power plant in Taiwan.

about 1 year ago
Illustration; Source: ADNOC Logistics and Services
Business & Finance

ADNOC L&S acquires 80% stake in Navig8 for $1.04 billion

In a deal worth $1.04 billion (AED 3.8 billion), ADNOC Logistics and Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has acquired an 80% stake in Navig8 TopCo Holdings, a provider of shipping management services.

about 1 year ago
KCA Deutag
Business & Finance

Batch of onshore and offshore drilling jobs brings $513 million to KCA Deutag

KCA Deutag has landed new multimillion-dollar drilling assignments and extensions across the Middle East, Africa, Latin America, and the UK.

about 1 year ago
Illustration; Source: Brava Energia
Business & Finance

Energy outlook: Uncertainty and ‘resilient’ oil & gas to run the energy show in 2025

The world at large still runs on coal, oil, and gas, with the lion’s share of the energy mix controlled by these fuels.

14 minutes read
Offshore Energy’s top five hydrogen stories of 2024
Business & Finance

Offshore Energy’s top five hydrogen stories of 2024

Hydrogen is considered one of the key components of global decarbonization, with countries setting ambitious capacity and demand targets. In 2024, governments and companies worldwide increased their investments and announced new partnerships and projects, recognizing hydrogen’s potential to decarbon

about 1 year ago
Noble Interceptor jack-up rig; Source: Noble Corporation
Business & Finance

Greening offshore drilling: Rigs powered by alternative fuels in pursuit of low-emission era

As the offshore energy industry continues its gradual shift to low-carbon and renewable energy sources, offshore drilling players are intensifying their efforts to slash emissions on the path to a sustainable future. While drilling rigs largely run on diesel, which creates electricity to power the m

16 minutes read
FPSO EmissionZero; Source: SBM Offshore
Business & Finance

Harnessing cutting-edge technologies to shape next-generation FPSO future

While floating production storage and offloading (FPSO) units continue to dominate the deepwater offshore oil and gas projects’ scene, these systems are being adopted for offshore green energy production to unleash clean power from renewables.

13 minutes read
Noble Developer rig; Source: Noble
Business & Finance

Rig market, oil & gas mergers and JV blockbuster moves mark 2024

A consolidation wave is sweeping across the challenging and shifting global energy landscape, as companies in the hydrocarbon exploration and production (E&P) and offshore drilling domains, alongside others across the entire energy industry and supply chain, race to secure their spots among the top

14 minutes read