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Business & Finance

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COP28 UAE
Business & Finance

COP28’s ‘historic package’: Writing on the wall that spells end of fossil fuel era or new opportunity for gas and LNG players?

A deep dive into the outcome of COP28 climate talks, which some see as a climate win while other perceive it to be a backdoor for more gas and LNG projects.

15 minutes read
Yinson Production's FPSO Atlanta during the naming ceremony in Dubai, UAE; Source: Yinson Production
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Business & Finance

New addition to Yinson Production’s FPSO fleet named at Dubai Drydocks World – gallery

Yinson Production has held a naming ceremony at Dubai Drydocks World for an FPSO, destined to work at Enauta’s field off the coast of Brazil.

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

While advocating stronger cooperation, QatarEnergy CEO calls for ‘realistic and scientifically based’ energy transition pathway

QatarEnergy’s CEO has urged Arab countries to bolster their cooperation efforts in the evolving energy landscape to address the energy transition challenges.

about 2 years ago
António Guterres, UN Secretary-General; Credit: UNFCCC/Kiara Worth
Business & Finance

COP28: Will a magic wand sweep away oil, gas, and LNG in favor of green agenda?

As a battle over fossil fuel language continues to rage, the pressure is not letting up on demands to phase out fossil fuels.

12 minutes read
Illustration; Source: The International Energy Agency (IEA)
Business & Finance

COP28’s impact on LNG spree: Will decarbonization moves throw oil & gas players off their game?

Will the anticipated global build-out of liquefied natural gas (LNG) projects continue or will many of these projects come to an abrupt end?

15 minutes read
FPSO Atlanta; Source: Yinson
Business & Finance

Brazilian delegation visits Yinson’s FPSO undergoing conversion works in Dubai

Yinson Production has hosted dignitaries from Brazil, who came to visit an FPSO, destined to work at Enauta’s field off the coast of Brazil.

about 2 years ago
Dr. Sultan Ahmed Al-Jaber, UAE Minister of Industry, CEO of ADNOC, and COP28 President; Source: COP28
Business & Finance

COP28: Reconciling great expectations with reality in a highly polarized world

A deep dive into COP28 and the clash between those calling for a phase-out of fossil fuels and the ones lobbying to keep oil, gas, and coal firmly entrenched in the energy mix.

13 minutes read
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies, Petrobras, SOCAR, and Sonangol join forces to curb methane footprint

TotalEnergies has inked cooperation agreements with three oil and gas companies to carry out methane detection and measurement campaigns.

about 2 years ago
New green hydrogen project to expand ACWA Power’s portfolio in Indonesia
Business & Finance

New green hydrogen project to expand ACWA Power’s portfolio in Indonesia

ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity provider, and PT Pupuk Indonesia, a state-owned fertilizer and chemical producer, are set to devel

about 2 years ago
Deepwater Champion drillship (for illustration purposes); Source: Transocean
Business & Finance

International offshore rig count climbs up a notch in November

Baker Hughes’ rig count report points out that one more rig joined the working fleet in November 2023 compared to the month before.

about 2 years ago
Environmental Defense Fund Europe (EDFE)
Business & Finance

COP28 brings ‘historic’ action as 50 oil & gas players pen decarbonization charter

A global decarbonization charter, inked by 50 oil and gas firms to speed up climate action, will have a high-scale impact within the industry.

about 2 years ago
Prysmian's Leonardo da Vinci cable laying vessel; Source: Prysmian
Business & Finance

Dive into: Multi-million and billion-dollar deals, interconnectors, innovations, acquisitions, and vessel jobs

The maritime and offshore energy industries share a decarbonization drive and seek to develop long-term net zero solutions to combat climate woes.

about 2 years ago
Well-Safe Defender rig; Source: Well-Safe Solutions
Business & Finance

BP hands out multi-year global master agreement to Well-Safe Solutions

BP has hired Well-Safe Solutions on a long-term global master agreement for well engineering and decommissioning support services.

about 2 years ago
Uni-Mini and hybrid Uni-Max USVs; Source: Unique Group
Business & Finance

UAE player expands its USV fleet with two vessels

Unique Group has broadened its unmanned surface vessel (USV) portfolio with the launch of two new models.

about 2 years ago