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Business & Finance

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ACWA Power unites with IRENA to bolster renewable energy transition
Business & Finance

ACWA Power unites with IRENA to bolster renewable energy transition

ACWA Power, has signed an agreement to partner with the International Renewable Energy Agency (IRENA) to drive the worldwide transition to renewable energy sources.

about 2 years ago
Marsa LNG (illustration); Source: Technip Energies
Business & Finance

TotalEnergies greenlights solar-powered gas project envisioned as Middle East’s first LNG bunkering hub

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TotalEnergies has made a final investment decision (FID) for an LNG project in Oman, which is designed to run on solar power.

about 2 years ago
Arnold Schwarzenegger and Inna Braverman visiting the Wave Energy Conversion Unit in the Port of LA. Source: Eco Wave Power
Business & Finance

Shell backs wave energy project offshore US

UK-headquartered energy giant Shell has teamed up with Swedish-Israeli wave energy developer, Eco Wave Power, to collaborate on what is the first wave energy project in the U.S. for both companies.

about 2 years ago
Stena Forth drillship; Source: Stena Drilling
Business & Finance

Stena Drilling drillship goes to work in Morocco as Energean takes the helm at gas field

Stena Drilling has tucked a new drilling assignment under its belt, thanks to a drillship deal with Energean for drilling activities off the coast of Morocco.

about 2 years ago
International agreement targets development of electric thrusters for ROVs
Business & Finance

International agreement targets development of electric thrusters for ROVs

Forum Energy Technologies (FET) has executed a memorandum of understanding (MoU) with a UAE-based underwater inspections provider to collaborate on the development of electric thrusters for remotely operated vehicles (ROVs). The MoU was signed by FET’s Subsea Technologies product line and SAFEEN Sur

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

With suspension of 12 more jack-ups, rig pool in Middle East narrows down

ADES, COSL, and Arabian Drilling have joined the rig owners that have confirmed a temporary suspension of operations for one or more rigs in the Middle East.

about 2 years ago
Craig International global HQ; Source: Craig International
Business & Finance

New assignment lined up in Middle East for Scottish firm

Scottish oilfield procurement specialist Craig International, a member of Craig Group, has won a new contract with QatarEnergy LNG.

about 2 years ago
Arabia I jack-up rig; Source: Borr Drilling
Business & Finance

Aramco hands out 12-month jack-up rig suspension to Borr Drilling

Borr Drilling has received a notice of temporary suspension of operations for one of its jack-up rigs working for Aramco.

about 2 years ago
Valaris 143 jack-up rig; Source: Valaris
Business & Finance

Valaris jack-up rig’s gig with Aramco suspended

Valaris has confirmed the receipt of a suspension for one of its 19 contracted rigs working for Saudi Arabia’s Aramco.

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

Eco Wave Power’s ‘significant milestones’ keep optimism for future energy project opportunities alive

Eco Wave Power is among the companies that felt the impact of the unpredictability surrounding the economy in 2023.

about 2 years ago
Harvey H. Ward jack-up rig is currently working in Middle East for Aramco (for illustration purposes); Source: Shelf Drilling
Business & Finance

Suspension of gigs for four jack-up rigs deals a blow but Shelf Drilling’s fleet outlook still ‘optimistic’

Shelf Drilling has acknowledged the issues arising from a suspension of operations for four jack-up rigs in the Middle East.

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

Mega LNG fleet expansion rises to 104 vessels after QatarEnergy strikes deal with four shipowners

The second phase of QatarEnergy’s giant shipbuilding program has surpassed the 100 mark, reaching 104 conventional LNG vessels.

about 2 years ago
Energy Emerger jack-up rig; Source: Northern Offshore
Business & Finance

Jack-up rig kicks off multi-well offshore drilling campaign in Oman

Masirah Oil, a subsidiary of Singapore’s Rex International, has embarked on a multi-well drilling program at a field off the coast of Oman.

about 2 years ago
Owner of largest fleet of Seaeye Falcon ROVs buys five new units
Business & Finance

Owner of largest fleet of Seaeye Falcon ROVs buys five new units

Aberdeen-based Underwater Contracting (UCO), owner of the largest fleet of Saab UK’s Seaeye Falcon remotely operated vehicles (ROVs), has purchased five new units for a total of 38 Falcon systems. UCO said it had expanded its fleet in response to major new multi-year contract wins across all sectors

about 2 years ago