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Business & Finance - Offshore Energy

Business & Finance

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Business & Finance

Egyptian oil & gas firm books jack-up rig on 21-month drilling gig in Gulf of Suez

ADES has secured a new drilling assignment for one of its rigs off the coast of Egypt with Suez Oil Company (SUCO).

about 2 years ago

Business & Finance

Britain becomes ‘major engineering hub’ for UAE firm with acquisition of UK subsea player

Unique Group is looking forward to charting new pathways in the global subsea and offshore energy arenas with the strategic acquisition of Subsea Innovation.

about 2 years ago

Business & Finance

GE Vernova and AFC buy their way into giant renewable Morocco-UK power project with $24.3 million

GE Vernova and Africa Finance Corporation (AFC) have decided to bankroll the development of a huge renewable energy project in Morocco.

about 2 years ago

Business & Finance

Höegh LNG’s FSRU hand-picked to bolster Egypt’s energy security

Höegh LNG has struck a deal with Australian Industrial Energy (AIE) and EGAS to deploy one of its FSRUs in Egypt.

about 2 years ago

Business & Finance

Greece and Saudi Arabia to launch studies for potential electricity interconnector

Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) and Saudi Arabia’s National Grid Saudi Electricity Company have decided to kick off technical and economic studies for an electricity interconnector between the two countries. The launch of the technical and econ

about 2 years ago

Business & Finance

New rig deals lift Valaris’ contract backlog to $4 billion

Valaris has expanded its contract backlog, thanks to a series of new contract awards and extensions with multiple oil and gas companies.

about 2 years ago

Business & Finance

QatarEnergy doles out $6 billion for 18 huge LNG vessels on historic fleet expansion mission

QatarEnergy is bolstering its giant liquefied natural gas (LNG) fleet expansion with a $6 billion deal for 18 ultra-modern QC-Max size LNG vessels.

about 2 years ago

Business & Finance

Saudi’s NEOM secures $2.7 billion for development of major projects

NEOM has secured a new revolving credit facility (RCF), worth $2.7 billion, that will support short-term financing requirements as NEOM moves forward with the development of major projects.

about 2 years ago

Business & Finance

Significant offshore wind growth brings Fugro strong start of the year

In what is described as a “strong start of the year”, Dutch geo-data specialist company Fugro reported a 9% revenue growth for Q1 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quarter was €503.2 million, a 9%

about 2 years ago

Business & Finance

‘Major’ oil player books jack-up rig for drilling gig offshore Qatar

ADES Holding Company has secured a long-term assignment for one of its jack-up rigs off the coast of Qatar.

about 2 years ago

Subsea7 has won a “sizeable” contract for subsea infrastructure in the U.S. Gulf of Mexico, described as one worth between $50 and $150 million.

Business & Finance

Subsea7’s backlog remains ‘robust’ with high tendering in subsea and offshore wind

Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of c

about 2 years ago

Business & Finance

Op-ed: Hormuz blockage – A potential win for the LNG market?

A conflict-turned opportunity is what many are calling the potential blockage of Hormuz. It is a delicate dance between investor opportunity and world crisis for the second time in two years.

about 2 years ago

Illustration; Source: International Energy Agency (IEA)

Business & Finance

Middle East’s brewing cauldron of geopolitical tensions: Are oil & gas and LNG prices at risk of spiking to 2022 levels?

The Iran-Israel escalation puts the Middle East on the verge of a wider war with the potential to wreak havoc on global trade flows, and oil, gas, and LNG exports.

about 2 years ago

Marsa LNG (illustration); Source: Technip Energies

Business & Finance

Technip Energies wins multi-million assignment on TotalEnergies’ LNG project in Oman

Technip Energies has won an EPC contract for an LNG project in Oman, developed by an integrated company consisting of TotalEnergies and OQ.

about 2 years ago