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Business & Finance

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BGN
Business & Finance

BGN: $370M secured for three new VLGCs

Swiss energy company BGN and the UAE-based player across multiple marine sectors Al Seer Marine have secured funding from several banks located in the Gulf region to support the construction of three very large gas carriers (VLGCs) in South Korea and Japan.

about 2 years ago
Illustration; Source: PetroVietnam Gas
Business & Finance

PetroVietnam to buy LNG from QatarEnergy, first shipment due in April

PetroVietnam has signed a contract with QatarEnergy LNG to purchase 70,000 metric tons of LNG set to be delivered next month.

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about 2 years ago
Oil block offshore Abu Dhabi starts producing
Business & Finance

Offshore block near Abu Dhabi starts oil production

UAE energy giant Abu Dhabi National Oil Company (ADNOC) has started crude oil production from its Belbazem offshore block, helping meet growing demand for Abu Dhabi’s lower-carbon intensity oil and gas. The block, operated by Al Yasat Petroleum, a joint venture between ADNOC and China National Petro

about 2 years ago
Oman’s Hydrom and Germany’s VNG looking into green hydrogen value chain
Business & Finance

Oman’s Hydrom and Germany’s VNG looking into green hydrogen value chain

Hydrom and VNG will examine the economic potential of building a green hydrogen and ammonia value chain between Oman and Germany.

about 2 years ago
Illustration; Source: Energy Industries Council (EIC)
Business & Finance

Widening chasm between reality and ambitions endangers net zero targets

The rift between the current energy landscape and greener desires continues to expand, putting global net zero targets in peril.

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

QatarEnergy and Nakilat firm up time-charter deal for 25 vessels under ‘historic LNG shipping program’

QatarEnergy has signed multi-year time-charter party agreements with Nakilat for operating 25 LNG vessels as part of its historic extension.

about 2 years ago
FPSO Energean Power; Source: Energean
Business & Finance

Energean awaits 30-year production license ahead of sanctioning phased gas development offshore Israel

Energean is looking forward to receiving a 30-year production license soon for an area where a string of gas discoveries was made in 2022.

about 2 years ago
Oman LNG and Germany’s SEFE finalize LNG supply deal, eye hydrogen cooperation
Business & Finance

Oman LNG and Germany’s SEFE finalize LNG supply deal, eye hydrogen cooperation

SEFE and Oman LNG have finalized a sale and purchase agreement (SPA) for 0.4 million tonnes per annum (mtpa) of LNG.

about 2 years ago
GMS Shamal (for illustration purposes); Source: Gulf Marine Services (GMS)
Business & Finance

GMS inks new deal amid stable vessel demand across markets

Gulf Marine Services (GMS) has signed the first of a two phase, multi-year, contract for one of its vessels in the Middle East.

about 2 years ago
GasLog links up with Chart Industries for large-scale liquid hydrogen supply chain
Business & Finance

GasLog links up with Chart Industries for large-scale liquid hydrogen supply chain

Chart Industries and GasLog have teamed up to study the development of a commercial-scale liquid hydrogen (LH2) supply chain.

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Business & Finance

Fossil fuels’ 75% methane cuts by 2030 come with $170 billion price tag

A new IEA analysis emphasizes the need for more action to bring forth the required emission reductions by 2030.

about 2 years ago
MethaneSAT Data Rendering; Credit: MethaneSAT
Business & Finance

Brand-new satellite with ‘superpower’ to gauge methane goes live – gallery

A satellite has been launched to glean insight into methane emissions, focusing first on oil and gas operators.

about 2 years ago
ADNOC seals second long-term LNG deal for Ruwais project
Business & Finance

ADNOC seals second long-term LNG deal for Ruwais project

ADNOC and SEFE signed a long-term agreement for the delivery of 1 mmtpa of LNG from low-carbon Ruwais LNG project.

about 2 years ago
Transocean Enabler rig (for illustration purposes); Source: Transocean
Business & Finance

International offshore rig count two units down in February

Baker Hughes’ rig count report shows that two rigs left the working international offshore fleet in February 2024.

about 2 years ago