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Business & Finance

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Clean FuelFossil EnergyLiquefied Natural GasOil & GasOther FuelsBusiness Developments & ProjectsSafetyVesselsLow-Carbon TransitionExploration & ProductionFPSO & VesselsGreen MarineProject & TendersMarket OutlooksOutlook & StrategyRigsAutomationIT & SoftwareTechnologyCollaborationSeismicSubseaVessels & VehiclesPorts & Infrastructure
Al Rekayyat
Business & Finance

Shipping incident: Projectile hits LNG carrier in Strait of Hormuz

Qatar Gas Transport Company (Nakilat), Qatar’s shipping and maritime player, has reported a vessel incident in the Strait of Hormuz.

about 3 months ago
Illustration; Courtesy of MidOcean Energy
Business & Finance

$1.13 billion injection from UAE player fuels growth of EIG’s LNG arm

An investor, headquartered in the United Arab Emirates (UAE), has backed MidOcean Energy, a liquefied natural gas (LNG) player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG), with a billion-dollar investment.

about 3 months ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Business & Finance

UAE’s giant LNG project lines up new deal as Inpex and ADNOC strengthen ties

Inpex Energy Trading Singapore (IETS), a Singapore-based subsidiary of Japan’s largest exploration and production (E&P) player Inpex, has struck a new deal with ADNOC Ruwais Liquefied Natural Gas (ARLNG), an UAE-based subsidiary of Abu Dhabi National Oil Company (ADNOC).

about 3 months ago
LNG vessel at sea
Business & Finance

ADNOC sets up global LNG marketing and trading platform

United Arab Emirates-headquartered energy heavyweight Abu Dhabi National Oil Company (ADNOC) has brought together liquefied natural gas (LNG) marketing activities of ADNOC Gas and XRG with ADNOC Trading into one integrated commercial platform, a move perceived to create one of the leading global LNG

about 3 months ago
MIP2 project offshore Saudi Arabia; Source: Subsea7
Business & Finance

Seven OPEC+ countries up their oil output ante

While maintaining a cautious approach with flexibility to pause or reverse cuts, seven participating oil-producing OPEC+ countries – Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman – have sealed a deal to adjust their production cuts to ensure the stability of oil markets.

about 3 months ago
Illustration; Courtesy of Svanehoj
Business & Finance

Drydocks World hires Svanehoj for LNGC-to-FSU conversion job

Denmark-headquartered marine pumps and liquefied gas safety system specialist Svanehoj has received an order to supply LTD gauging systems for a liquefied natural gas (LNG) carrier (LNGC) to floating storage unit (FSU) (LNGC-to-FSU) revamp, strengthening its position in offshore LNG infrastructure a

about 3 months ago
Prelude FLNG; Source: Shell
Business & Finance

Shell’s LNG forecast anticipates 65% surge in demand by 2050

UK-headquartered energy giant Shell is expecting an uptick in demand for liquefied natural gas (LNG) to nearly 700 million tonnes a year by 2050, following supply disruptions caused by the conflict in the Middle East, which was cushioned by North American supply growth.

about 3 months ago
ADNOC Drilling enriches its rig fleet with the first AI-enabled walking island rig; Courtesy of ADNOC Drilling
Business & Finance

First AI-powered walking island rig enters ADNOC Drilling’s fleet months ahead of schedule

Abu Dhabi-headquartered ADNOC Drilling, one of the Middle East’s drilling and integrated drilling services (IDS) providers, has taken delivery of its first automated walking island rig running on artificial intelligence (AI) technologies, accelerating autonomous offshore operations in the United Ara

about 3 months ago
Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Business & Finance

Investigation into tragic incident ongoing: 13 dead, 66 injured in explosion and fire at QatarEnergy’s gas asset

Qatar’s state-owned oil and gas giant QatarEnergy has confirmed the launch of a probe into an explosion and fire incident that occurred at its liquefied natural gas (LNG) production and export hub, in which multiple workers lost their lives and sustained injuries.

about 3 months ago
Gulf Driller VII aka Perro Negro 11 - Saipem
Business & Finance

Saipem exits Saudi Arabian shallow-water drilling playground with sale of jack-up rig fleet to ADES

Italy’s engineering, drilling, and construction services giant Saipem is divesting its shareholding in Saudi Arabian Saipem (SAS) to close its shallow water drilling chapter in Saudi Arabia, as it continues its shift to deepwater plays. This move enables ADES Holding Company, part of Saudi Arabia-he

about 3 months ago
FSRU Energos Eskimo; Source: Energos Infrastructure
Business & Finance

Energos strengthens East Med energy cooperation through GIAC entrance

Energos Infrastructure, a maritime infrastructure company owned by funds managed by Apollo, has joined the Gas Industry Advisory Committee (GIAC) of the East Mediterranean Gas Forum (EMGF), following approval by all EMGF member countries.

about 3 months ago
Ramford Vanguard; Source: TGS
Business & Finance

New 3D streamer gig taking TGS to Africa & Middle East

Norwegian energy data and intelligence company TGS has picked up a new 3D streamer acquisition assignment with an undisclosed oil and gas player in Africa and the Middle East region.

about 3 months ago
Illustration; Source: McDermott
Business & Finance

McDermott among Aramco’s hand-picked contractors for large-scale projects

U.S. offshore engineering and construction player McDermott has made the cut and secured its spot in the contractor pool that Saudi Arabia’s Aramco selected for a project management consultancy (PMC) long-term agreement (LTA) to support delivery of large-scale energy, downstream, petrochemical and l

about 4 months ago
MSC
Business & Finance

Projectile strikes on MSC’s vessel raise maritime security concerns

Switzerland-headquartered Mediterranean Shipping Company (MSC), a privately owned global shipping and logistics giant and part of MSC Group, has reported two projectile attacks on its Panama-flagged cargo ship in the Middle East, which is interpreted to highlight threats to maritime trade.

about 4 months ago
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