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Business & Finance

Asian shipbuilder’s ‘cutting-edge’ vessel pair makes its way to ADNOC L&S

Singapore-based shipbuilder Strategic Marine has delivered two fast crew boats (FCBs) to the UAE’s ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC).

about 2 years ago

Business & Finance

Boskalis: ‘Enormously multifunctional’ survey vessel joins UAE subsidiary’s fleet

Dutch offshore services giant Boskalis has expanded its fleet with the addition of a DP2 vessel for offshore geophysical and geotechnical surveys, which the company describes as relatively new and enormously multifunctional. The Horizon Zenith vessel is deployed by Boskalis’ UAE-headquartered subsid

about 2 years ago

ADNOC, Petronas and Storegga team up on carbon capture and storage off Malaysia

Business & Finance

ADNOC, Petronas and Storegga team up for carbon capture and storage off Malaysia

Malaysian state-owned energy giant Petronas, Abu Dhabi National Oil Company (ADNOC), and UK’s carbon capture and storage (CCS) company Storegga have signed a joint study and development agreement (JSDA) to evaluate the CO2 emissions storage capabilities of saline aquifers and the construction of CCS

about 2 years ago

Business & Finance

Shelf Drilling’s backlog reaches $2.1 billion with 33 out of 36 rigs busy with work

Shelf Drilling has pushed its total contract backlog to $2.1 billion at the end of the second quarter of 2024.

about 2 years ago

Artist's rendering of the Ruwais LNG concept design; Source: ADNOC

Business & Finance

ADNOC and Japanese firm shake hands on offtake deal, leaving 30% of Ruwais LNG production capacity up for grabs

ADNOC has signed a long-term heads of agreement (HOA) with Japan’s Osaka Gas for LNG supply mainly originating from its Ruwais LNG project.

about 2 years ago

Business & Finance

AI-enabled digital ops step up offshore field’s oil production game by one-fourth of its previous level

ADNOC has harnessed the power of advanced digital solutions to raise the production bar at one of its oil fields off the coast of Abu Dhabi, UEA.

about 2 years ago

Business & Finance

Saipem racks up another ‘major’ subsea milestone – this time in pipeline tech

Saipem has expanded the subsea pipeline offering by revamping an existing technology, created by the U.S.-based United Pipeline Systems (UPS).

about 2 years ago

Business & Finance

UAE firm’s jack-up rig all done with refurbishment and five-year periodic survey

Ocean Oilfield Integrated Solutions has wrapped up the quinquennial special periodic survey (SPS) and refurbishment work on one of its rigs at Khalifa Port, KEZAD, Abu Dhabi.

about 2 years ago

Al Shaheen field in Qatar; Source: North Oil Company (NOC)

Business & Finance

New player with ‘powerful’ tools joins mission to augment production from one of world’s largest offshore oil fields

The ongoing efforts to expand black gold production from Qatar’s largest offshore oil field have been bolstered with the entrance of the American Bureau of Shipping (ABS).

about 2 years ago

Business & Finance

Chevron gets down to the nitty-gritty of gas production boost at Mediterranean field with $429 million earmarked for FEED

Chevron and its partners in a giant natural gas field off the coast of Israel have greenlighted a multimillion-dollar investment to start the ball rolling on the front-end engineering design (FEED) phase for the proposed expansion of the gas export capacity from this Mediterranean field.

about 2 years ago

Business & Finance

BP to acquire 49% stake in Hyport Duqm green hydrogen project in Oman

DEME and OQ have reached an agreement to have BP as an equity partner and operator in the Hyport Duqm green hydrogen project.

about 2 years ago

Illustration; Source: Gulf Marine Services (GMS)

Business & Finance

GMS looks to the future with hope as it strikes a multimillion-dollar bank deal for debt refinancing

UAE-based Gulf Marine Services (GMS), a provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sector, has sealed a deal with three banks to refinance its bank debt.

about 2 years ago

Hanwha Ocean constructed a new platform for the Al-Shaheen oil field in Qatar, which is on schedule for the sail-away at the end of July 2024; Source: Hanwha Ocean

Business & Finance

New platform for huge offshore oil field ready for sail-away

South Korea’s Hanwha Ocean is on track to send off a fixed platform to its final destination where it will be installed at Qatar’s largest offshore oil field.

about 2 years ago

Business & Finance

New milestone for Technip Energies, as it wraps up work on mega offshore oil project

Technip Energies has completed all its contractual obligations for the second phase of an offshore oil field in the Arabian Gulf, 30 km northwest of Abu Dhabi, UAE.

about 2 years ago