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Business & Finance

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FILE PHOTO: A man walks past the Larsen and Toubro (L&T) head office in Mumbai, India, September 2, 2021.
Business & Finance

Larsen & Toubro to deliver floating solar project in India

India-based firm Larsen & Toubro has secured an order to build a 75 MW floating solar park project on the Panchet Dam in Jharkhand, India. The floating solar project on the Panchet Dam is a part of the Ultra Mega Renewable Energy Power Bank (UMREPP) being developed on Damodar Valley corporation rese

about 2 years ago
Innovate UK grants $1.9 million for wave energy project in Thailand by Eco Wave Power Global
Business & Finance

Innovate UK grants $1.9 million for wave energy project in Thailand

Swedish-Israeli wave energy developer Eco Wave Power Global (EWP) has announced winning a £1.5 million grant (almost $1.9 million) as a part of a consortium led by UK-based Toshiba and Aquatera, to design a pilot microgrid project for a remote island in Thailand. The grant is a part of round ten of

about 2 years ago
Illustration; Source: Samsung Engineering
Business & Finance

Samsung Engineering and Malaysian firm set on lending each other a helping hand in global tenders

The duo is combining forces for participation in worldwide tendering activity, which entails EPC projects in the oil and gas arena.

about 2 years ago
Special purpose company established for potential Greek-Saudi electricity interconnector
Business & Finance

Special purpose company established for potential Greek-Saudi electricity interconnector

Greece and Saudi Arabia have officially established a special purpose company for exploring the feasibility of an electricity interconnector between the two countries. The special purpose company Saudi Greek Interconnection was established by the Greek electricity grid operator Independent Power Tra

about 2 years ago
Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs, the President and CEO of QatarEnergy; Courtesy of QatarEnergy
Business & Finance

QatarEnergy’s CEO: Transition to low-carbon and green future hinges on balancing the energy trilemma scales

QatarEnergy’s CEO believes the energy transition jackpot can be hit by employing a balancing act between energy security, affordability, and sustainability.

about 2 years ago
QatarEnergy and Petronet agree on 20-year LNG supply to India
Business & Finance

QatarEnergy and Petronet agree on 20-year LNG supply to India

Qatar’s state-owned energy giant QatarEnergy has signed a 20-year sale and purchase agreement (SPA) with India’s Petronet LNG for the supply of 7.5 million tons per annum (mtpa) of LNG to the Republic of India. The contracted LNG volumes from Qatar will be delivered ex-ship to terminals across India

about 2 years ago
Aras Driller jack-up rig; Source: Ocean Oilfield
Business & Finance

1979-built jack-up rig wraps up its assignment off UAE

Ocean Oilfield Integrated Solutions has confirmed the completion of a plug & abandonment program, which one of its jack-up rigs carried out at an offshore field in the UAE for Atlantis (UAQ) Limited.

about 2 years ago
Sevan Louisiana semi-sub (for illustration purposes); Source: Seadrill
Business & Finance

International offshore rig count activity gets a boost in January

Baker Hughes’ rig count report shows that more than one rig joined the working international offshore fleet in January 2024.

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

McDermott confirms pair of new deals for work on Qatar’s largest oil field

McDermott has corroborated the award of two EPCIC contracts for the development of the next phase of the largest oil field offshore Qatar.

about 2 years ago
QatarEnergy
Business & Finance

QatarEnergy dishes out $6 billion to boost production at Qatar’s largest oil field

QatarEnergy has handed out four multi-billion-dollar engineering, procurement, construction, and installation (EPCI) contract packages to multiple players in a bid to propel forward the next development phase of Qatar’s largest offshore oil field.

about 2 years ago
ADNOC's fleet richer for dive support vessel
Business & Finance

ADNOC’s fleet richer for dive support vessel

UAE’s energy giant Abu Dhabi National Oil Company (ADNOC) has taken delivery of the first of two 24-meter catamaran dive support vessels (DSVs) from a shipyard in Dubai. ADNOC MD 01, the first of two sister vessels, was built by Dubai-based Grandweld Shipyards and designed by Robert Allan Ltd. to su

about 2 years ago
Excelerate Energy to purchase Qatari LNG for Bangladesh
Business & Finance

Excelerate Energy to purchase Qatari LNG for Bangladesh

Qatar’s LNG heavyweight QatarEnergy and U.S.-based LNG importer Excelerate Energy have signed a long-term agreement for the supply of LNG from Qatar to Bangladesh. This sale and purchase agreement (SPA) will see Excelerate buy up to 1 million tons per annum (mtpa) of LNG from QatarEnergy to be deliv

about 2 years ago
Coretrax has strengthened its well intervention capabilities after acquiring a complementary suite of technology from Wireline Drilling Technologies
Business & Finance

New well technology suite and more work for UK firm

UK-headquartered well integrity and production optimization company Coretrax has expanded its well intervention capabilities by boosting its offering with a complementary technology from Wireline Drilling Technologies. Following the acquisition, the well lifecycle solutions provider secured a batch

about 2 years ago
THE RIG; Source: PIF's Oil Park Development Company
Business & Finance

THE RIG’s master plan: Offshore oil platform-style ‘extreme’ adventure hub doubles in size

THE RIG is set to redefine the water sports and tourism landscape while paying homage to the legacy of Saudi Arabia’s rich oil and gas heritage.

about 2 years ago
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