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Business & Finance

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France’s Nexans won a deal to develop the interconnector’s power cable scope (photo depicts cable laying vessel (for illustration purposes); Source: Nexans
Business & Finance

‘World’s longest and deepest’ €2.4 billion subsea green electricity interconnector given a go at Mediterranean energy map metamorphosis

A multi-billion-euro underwater high voltage direct current (HVDC) interconnector project, envisioned to link Europe, the Middle East, and Asia, will connect the green electricity transmission dots for the Cyprus-Greece-Israel triangle, bringing together game-changing low-carbon and clean energy bon

about 2 years ago
New platform for Marjan field; Source: COOEC
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Business & Finance

Saipem picks up $2 billion job at huge oil & gas field in Middle East

Saipem has won another such deal for work at an oil and gas field off the coast of Saudi Arabia, which the country’s energy giant Aramco operates.

about 2 years ago
UAE-US partnership brings autonomous vehicle services to the Middle East
Business & Finance

US firm ready to ship its wave-powered bouy to Middle East

With revenue recognition on the horizon, Ocean Power Technologies (OPT), a U.S.-based marine energy firm, has completed preparations to ship the AI-capable Merrows PowerBouy (PB) to a customer in the Middle East. With the shipment of the PB, OPT will advance to the next phase of revenue recognition

about 2 years ago
Boskalis vessel installs huge topside at Qatar’s largest offshore oil field (Photo)
Business & Finance

Boskalis installs huge topside at Qatar’s largest offshore oil field (Photo)

Dutch offshore services giant Boskalis has completed the installation of the central processing platform (CPP) topside at what is said to be Qatar’s largest offshore oil field. Semi-submersible heavy transport vessel Forte installed the Gallaf GE CPP topside at its final destination, the Al-Shaheen

about 2 years ago
North Field; Source: QatarEnergy LNG
Business & Finance

Saipem scoops up $4 billion for work on mega natural gas field offshore Qatar

Saipem has won a multibillion-dollar deal for an offshore project designed to help maintain natural gas production from the biggest field off the northern coast of Qatar.

about 2 years ago
Shelf Drilling Tenacious jack-up rig; Source: Shelf Drilling
Business & Finance

Shelf Drilling’s triangular merger move consolidates its jack-up fleet and sorts out funding gap

Shelf Drilling (SHLF) has made a consolidation move, which is structured as a proposed triangular merger between its indirect subsidiary SHLF MergCo, Shelf Drilling North Sea (SDNS) as the surviving entity in the proposed merger, and SHLF as the issuer of the merger consideration shares.

about 2 years ago
LNG carrier; Source: ABB
Business & Finance

Swiss firm to kit out QatarEnergy’s 15 LNG vessels with permanent magnet shaft generator tech

ABB has been tasked with providing permanent magnet shaft generator technology to power 15 liquified natural gas (LNG) carriers, which South Korea’s Samsung Heavy Industries (SHI) will build for work with QatarEnergy.

about 2 years ago
An illustration of an LNG terminal on the coast
Business & Finance

Offtake deal bringing Mexican LNG to Oman

Amigo LNG, a Mexican subsidiary of Singapore’s LNG Alliance, has signed a binding heads of agreement (HOA) with OQ Trading (OQT), the trading arm of the national energy company of the Sultanate of Oman, to supply liquefied natural gas (LNG) from its liquefaction facility under development on Mexico’

about 2 years ago
Vessel naming ceremony; Source: QatarEnergy
Business & Finance

First LNG vessel duo in QatarEnergy’s historic shipbuilding program get their names (Gallery)

QatarEnergy has held a naming ceremony for the first two conventional-size LNG vessels under its historic shipbuilding program at the Hudong-Zhonghua Shipyard in Shanghai, China.

about 2 years ago
Illustration; Source: BW LNG
Business & Finance

New deal sets the stage for LNG vessel conversion to bring floating storage unit at gas terminal in Middle East

BW LNG has secured a multi-year deal, which will see it refurbish one of its liquefied natural gas (LNG) carriers into a floating storage unit (FSU) expected to be deployed at an LNG terminal in Jordan.

about 2 years ago
QatarEnergy adds six new huge LNG carriers to its historic fleet expansion program
Business & Finance

QatarEnergy adds six new huge LNG carriers to its historic fleet expansion program

Pressing on with its massive LNG fleet expansion program, Qatar’s state-owned energy giant QatarEnergy has signed another agreement with China State Shipbuilding Corporation (CSSC) for the construction of six additional QC-Max LNG carriers with a capacity of 271,000 cubic meters each, which are desc

about 2 years ago
ExxonMobil plans hydrogen and CCS facility in Texas
Business & Finance

ADNOC to acquire stake in ExxonMobil’s low-carbon hydrogen project in Texas

ADNOC and ExxonMobil have signed an agreement under which ADNOC will acquire a 35% equity stake in ExxonMobil’s low-carbon hydrogen and ammonia production facility in Baytown, Texas, U.S.

about 2 years ago
Marjan platform; Source: COOEC
Business & Finance

Saipem garners $1 billion for two oil & gas projects at Middle Eastern offshore field trio

Saipem has landed a new set of contract awards for work at oil and gas fields off the coast of Saudi Arabia, which the Saudi energy giant Aramco operates.

about 2 years ago
Gibraltar wave power plant (for illustration purposes); Source: Eco Wave Power
Business & Finance

Eco Wave Power and Shell advance wave energy project at Port of Los Angeles

Eco Wave Power has received a green light from the Port of Los Angeles for the engineering plans of the wave energy project the company is developing in partnership with Shell International Exploration and Production, as well as for other documents submitted. The Port of Los Angeles and AltaSea at t

about 2 years ago