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Business & Finance

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Fossil EnergyLow-Carbon TransitionOil & GasBusiness Developments & ProjectsEnvironmentInnovationIT & SoftwareTechnologyTransitionCablingGridOffshore WindPipesSubseaOutlook & StrategyProject & TendersVisionRigsExploration & ProductionAmmoniaClean FuelCollaborationLiquefied Natural GasFPSO & VesselsHydrogenProductionCarbon Capture Usage & StorageInfrastructureResearch & DevelopmentOperations & MaintenanceProduction & ProcessingGreen MarineLNGShipbuildingVesselsDecommissioningRegulation & Policy
ADNOC
Business & Finance

Deployment of over 30 AI tools brings ADNOC $500 million while slashing emissions

ADNOC has used more than 30 AI solutions across its full value chain to curb its emissions footprint while generating $500 million in value during 2023.

about 2 years ago
Tekmar
Business & Finance

Tekmar says 2023 pivotal year, despite instability in offshore wind market

Tekmar Group has reported improved financial performance for the 2023 financial year with a revenue of £39.9 million, compared to £30.2 million in FY22. Deemed a pivotal year that saw instability in the offshore wind market, Tekmar said it had stabilized the business in 2023. Tekmar saw an adjusted

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about 2 years ago
Rig 141 jack-up rig; Source: Shelf Drilling
Business & Finance

Two more years for Shelf Drilling’s 42-year-old jack-up rig in Gulf of Suez

Shelf Drilling has won a contract extension for a jack-up rig working on an assignment in the Gulf of Suez off the coast of Egypt.

about 2 years ago
Yara to receive green ammonia from Oman under new deal with ACME
Business & Finance

Yara to receive green ammonia from Oman under new deal with ACME

Norwegian ammonia trade and shipping company Yara and Indian renewable energy company ACME have signed a long-term firm and binding agreement for the supply of ammonia produced in Oman with reduced CO2 emissions. According to Yara, the agreement is the result of 18-month negotiations during which th

about 2 years ago
Illustration; Source: Wood Mackenzie
Business & Finance

WoodMac: Are shifts in energy policy on the cards for oil & gas ecosystem and which forces will be at play in 2024?

While offering its predictions for 2024, Wood Mackenzie has outlined several key themes to watch in global and corporate upstream sectors.

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

Energean FPSO goes full throttle off Israel

Oil and gas gas company Energean has brought a new project on stream to boost output from a field off the coast of Israel.

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

Jack-up rig gets multi-well gig offshore Oman

Masirah Oil has hired a jack-up rig for a multi-well drilling program at a field in the Block 50 concession offshore Oman.

about 2 years ago
North Field off Qatar; Source: QatarEnergy LNG
Business & Finance

New gas expansion project to magnify Qatar’s LNG production by nearly 85%

QatarEnergy has carried out extensive appraisal activities at its giant natural gas field, uplifting its gas reserves.

about 2 years ago
POSCO and ADNOC forge clean hydrogen ties
Business & Finance

POSCO and ADNOC forge clean hydrogen ties

South Korean POSCO Holdings, its subsidiary POSCO International and UAE’s Abu Dhabi National Oil Company (ADNOC) have signed a strategic cooperation agreement (SCA) for a joint investigation of clean hydrogen production business. According to the agreement, the three parties will jointly propel the

about 2 years ago
Tamar platform; Source: Chevron
Business & Finance

Chevron confirms routine maintenance work date for gas platform off Israel

Chevron has put the wheels into motion to undertake scheduled maintenance work at its gas production platform offshore Israel.

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

BP and ADNOC build on more than 50 years of collaboration with new gas-focused joint venture

BP and ADNOC have decided to establish a new joint venture (JV), which will initially focus on the development of gas assets in Egypt.

about 2 years ago
Expro Group
Business & Finance

Expro acquires UK firm to expand well construction and intervention portfolio

Energy services provider Expro has entered into a definitive agreement to acquire Scotland-based well integrity and production optimization company Coretrax, from an investment group led by Buckthorn Partners, for a total consideration of approximately $210 million. By acquiring Coretrax, Expro said

about 2 years ago
QatarEnergy chooses Nakilat to own and operate up to 25 newbuild LNG carriers
Business & Finance

QatarEnergy chooses Nakilat to own and operate up to 25 newbuild LNG carriers

As part of the second phase of its massive LNG fleet expansion project, QatarEnergy has selected Qatar Gas Transport Company (Nakilat) to own and operate up to 25 conventional-size LNG carriers pursuant to time charter parties (TCP) to be entered into by affiliates of the two companies. QatarEnergy

about 2 years ago
FPSO Akpo; Source: Sapetro
Business & Finance

Fresh oil, gas, and drilling plays shape global energy ecosystem

This is an overview of some of the moves made over the week, so come away with us on a journey of the fossil energy market’s latest developments.

about 2 years ago