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Business & Finance

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Fossil EnergyLow-Carbon TransitionOil & GasRigsBusiness Developments & ProjectsCarbon Capture Usage & StorageEnvironmentEquipmentExploration & ProductionInfrastructureMarket OutlooksOutlook & StrategyTechnologyTransitionSubseaCollaborationDeepwater InstallationCablingProject & TendersAmmoniaClean FuelFPSO & VesselsOffshore WindVesselsHydrogenResearch & DevelopmentLiquefied Natural GasPipesSafetyProduction & ProcessingAuthorities & GovernmentIT & Software
Ocean Onyx semi-submersible rig; Source: Noble
Business & Finance

Noble anticipates step-up in floater rig demand as deepwater oil & gas plays become ‘critical’ to global energy security

Noble Corporation is expecting a ramp-up in drilling demand for the floater fleet from late 2025 and 2026, which will spur further rig reactivations, as it perceives the oil and gas production from deepwater reservoirs as an important factor in the global security of energy supply.

about 1 year ago
Courtesy of Subsea7
Business & Finance
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BP’s deal enabling Subsea7 and SLB-led OneSubsea to devise ‘fit-for-project’ solutions

BP has penned a global frame agreement with Subsea Integration Alliance, a strategic alliance between SLB’s OneSubsea and Subsea7.

about 1 year ago
MIP2 project offshore Saudi Arabia; Source: Subsea7
Business & Finance

Subsea7 employs new installation method at Aramco’s giant offshore oil & gas project (Gallery)

Subsea7 has used tugs and soft mooring lines connected to a jacket for barge docking for the first time without the deployment of anchors on the seabed to complete installation works at an oil and gas project off the coast of Saudi Arabia.

about 2 years ago
Al Shaheen field offshore Qatar; Source: Hengtong
Business & Finance

Expansion of Qatar’s huge 30-year-old oil field brings subsea cable order to Hengtong

Hengtong will manufacture and construct the submarine fiber optic cable system, including branch units for a project, which is said to be the most important and strategic one for the future of Qatar’s largest offshore oil field.

about 2 years ago
Courtesy of ADNOC
Business & Finance

ADNOC finalizes purchase of OCI’s stake in seaborne exporter of ammonia Fertiglobe

ADNOC has completed the acquisition of OCI Global’s 50% + 1 shareholding in the seaborne exporter of ammonia Fertiglobe.

about 2 years ago
Emirati vessel provider wins contract in European offshore wind sector
Business & Finance

GMS wins vessel contract in European offshore wind sector

Gulf Marine Services (GMS), a UAE-headquartred provider of self-propelled and self-elevating support vessels for the offshore energy sector, has raised its backlog to $505 million thanks to a new contract in Europe and the extension of two existing ones in the Middle East. GMS reported on October 10

about 2 years ago
Illustration; Source: Shelf Drilling
Business & Finance

Shelf Drilling all done with triangular merger

Shelf Drilling (SHLF) has wrapped up a business combination structured as a triangular merger between its indirect subsidiary SHLF MergCo, Shelf Drilling North Sea (SDNS) as the surviving entity in the proposed business combination, and SHLF as the issuer of the merger consideration shares.

about 2 years ago
KCA Deutag
Business & Finance

$900 million lands on KCA Deutag’s backlog for cross-geography drilling ops

KCA Deutag has landed multiple new onshore and offshore drilling assignments and extensions, spanning different continents, which expands its total backlog by $900 million.

about 2 years ago
Masdar allies with Norwegian companies on renewables and green hydrogen
Business & Finance

Masdar allies with Norwegian companies on renewables and green hydrogen

Abu Dhabi Future Energy Company (Masdar) has signed agreements with Norwegian companies to explore clean energy opportunities with green hydrogen in focus.

about 2 years ago
Leviathan; Source: NewMed Energy
Business & Finance

War imposes six-month hiatus on gas production boost as US energy giant puts off ops to get expansion show underway

As the ongoing war in the Middle East spreads to encircle other territories while continuing to rage unabated, Chevron has postponed its planned work on a giant natural gas field expansion project off the coast of Israel.

about 2 years ago
McDermott to deliver pipelines and cables for QatarEnergy's natural gas field expansion project
Business & Finance

McDermott in charge of all offshore infrastructure for Qatar’s ‘massive’ natural gas field expansion project

U.S. offshore engineering and construction firm McDermott has secured an engineering, procurement, construction and installation (EPCI) contract for pipelines and cables with Qatar’s state-owned oil and gas company QatarEnergy for the expansion of the 1971-discovered North Field. The contract for th

about 2 years ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies empowering oil & gas and renewables arsenal with up to $90 billion by 2030 as LNG remains crown jewel of its multi-energy mission

TotalEnergies is continuing to push forward its multi-energy strategy as it works on balancing the transition to low-carbon and green sources of supply and the attempts to fortify energy security scales.

about 2 years ago
Illustration; Source: ADNOC Drilling
Business & Finance

$1.7 billion drilling campaign for 144 wells unleashing additional oil & gas before 2025 ends while hinting at more to come

Three player have given birth to the Turnwell joint venture, which is now in charge of handling an initial 144-well program, whose completion has been accelerated to unlock unconventional oil and gas resources from the wells by the fourth quarter of 2025 while giving out clues about the potential fo

about 2 years ago
Hail and Ghasha mega gas development concept; Source: ADNOC
Business & Finance

WATCH: First steel cut for mega gas project set on zero-emission ops by entwining smart tech, carbon capture, hydrogen, nuclear, and renewable power

The UAE’s ADNOC has held a ceremony to mark the cutting of the first steel for structures that will be placed at a massive sour gas development off the coast of the United Arab Emirates (UAE), which is envisioned to have fully unmanned offshore facilities and operate with zero emissions.

about 2 years ago