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Arabia III jack-up rig; Source: Borr Drilling

Business & Finance

Borr jack-up rig kicks off its new five-year drilling assignment

Borr Drilling has confirmed that one of its jack-up rigs, which recently left a shipyard in the UAE, started its new job in Saudi Arabia.

about 3 years ago

Coral-Sul FLNG (for illustration purposes); Source: Eni

Business & Finance

WoodMac: FLNG market’s outlook ‘bullish’ with Africa at the core of ongoing boom

Wood Mackenzie’s report shows that the FLNG sector is thriving and ready for new capacity with Africa positioned at the heart of this growth.

about 3 years ago

Noble Highlander jack-up rig (for illustration purposes); Source: Noble Corporation

Business & Finance

International offshore rig count continues its upward trend

Baker Hughes’ international rig count report shows a further increase in the number of offshore rigs in August 2023, as 4 additional units were recorded compared to the month before.

about 3 years ago

Business & Finance

IUMI: EV-caused fires are not more frequent than in conventional vehicles

The International Union of Marine Insurance (IUMI) has published recommendations on the safe carriage of electric vehicles (EVs) amid growing concerns within the shipping community, including marine underwriters, about fires breaking out on car carriers and roros with the assertion that many of thes

about 3 years ago

Business & Finance

Despite higher day rates, new rig orders not on the cards soon, says Westwood

While Westwood believes that a newbuilding cycle will not happen anytime soon, any new rig orders are likely to be for jack-ups.

about 3 years ago

Business & Finance

Oman LNG to supply 1.5 mtpa of LNG under new deals with Shell and OQ

Oman LNG has signed binding term sheet agreements with Shell International Trading Middle East FZE and OQ Trading for the supply of more than 1.5 million tonnes per annum (mtpa) of LNG. The company announced the signing of the two agreements on 30 August via social media update. The first agreement

about 3 years ago

Map of Cyprus offshore blocks; Source: NewMed Energy

Business & Finance

Is Chevron going back to the drawing board for gas development off Cyprus?

After Cyprus shot down an updated plan for the development of an offshore gas field, Chevron will need to engage in further talks.

about 3 years ago

Business & Finance

TechnipFMC’s new job off Israel bringing Energean’s discovery closer to first gas

TechnipFMC has agreed to a letter of award (LOA) that will expedite its provision of an integrated front-end engineering and design (FEED) study for Energean’s natural gas discovery in the Mediterranean Sea, offshore Israel.

about 3 years ago

Business & Finance

More work for Técnicas Reunidas at QatarEnergy’s LNG expansion project

State-owned oil and gas company QatarEnergy has awarded Spanish engineering firm Técnicas Reunidas additional engineering, procurement and construction (EPC) work on its North Field South project. The award, which is the fourth from Qatar Energy to Técnicas Reunidas in the last two years, has a valu

about 3 years ago

Business & Finance

Blue ammonia to be abundantly available for maritime industry by 2027, says Maersk Mc-Kinney Moller Center

Blue ammonia, an attractive fuel for the maritime industry, is expected to become available in significant quantities by 2027, with the potential for significant scale-up in production over subsequent years, according to a recent report by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping. The

about 3 years ago

Business & Finance

ROVOP tucks ‘largest field support contract’ under its belt

ROVOP has been hired by Energean, enabling it to deploy an ROV onboard the gas-focused player’s field support vessel off Israel.

about 3 years ago

Business & Finance

ADNOC Gas and JAPEX conclude 5-year LNG supply deal

UAE’s integrated gas processing company ADNOC Gas has signed a five-year LNG supply agreement with energy company Japan Petroleum Exploration (JAPEX). ADNOC said the agreement, valued between $450 million (AED 1.65 billion) and $550 million (AED 2 billion), builds on the long-standing bilateral rela

about 3 years ago

Fugro orders USV video streaming technology from Australian company

Business & Finance

Fugro orders video streaming technology from Australian company

Fugro Middle East has placed an order with an Australia-headquartered company for video streaming technology for its uncrewed surface vessel (USV) operations. Perth-based Harvest Technology Group reported that it had secured its first order from Fugro Middle East for its hybrid Nodestream and Remote

about 3 years ago

Business & Finance

DP World to bolster handling capacity with 3 million TEU

Dubai-based port operator DP World expects to add approximately 3 million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year. The company currently manages approximately 9% of the world’s handling capacity, putting it among the top five global port operator

about 3 years ago