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Business & Finance

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More work for McDermott with Qatargas
Business & Finance

More work for McDermott with Qatargas

McDermott has won a “major” contract with Qatargas to deliver engineering, procurement, construction, and installation (EPCI) for a subsea pipeline and cable project. McDermott will deliver EPCI for the North Field Production Sustainability (NFPS) Offshore Fuel Gas Pipeline and Subsea Cables Project

about 3 years ago
EWP-EDF One power station in the Port of Jaffa, Israel (Courtesy of Eco Wave Power)
Business & Finance

Eco Wave Power gets final government grant for wave energy plant in Israel

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Eco Wave Power has received the final grant funding from the Israeli Ministry of Energy for its landmark ‘EWP-EDF One’ wave energy power station in the Port of Jaffa, marking the official completion of the project.

about 3 years ago
Illustration; Source: Borr Drilling
Business & Finance

International offshore rig count activity takes a downward plunge in June

Baker Hughes’ international rig count report shows that the number of offshore rigs experienced a downward trend in June 2023.

about 3 years ago
Israel plans submarine power cable to Europe, Egypt, Gulf countries
Business & Finance

Israel plans submarine power cable to Europe, Egypt, Gulf countries

Israel’s Energy and Infrastructure Ministry is planning to construct a 150-kilometer submarine cable along the country’s Mediterranean coast that will connect to Europe with the possibility to connect to Gulf countries. Israeli State Council for Planning and Construction announced on 4 July it will

about 3 years ago
FSO Safer; Source: Boskalis
Business & Finance

With salvage ops underway, Dutch govt urged to step in for ‘safe and environmentally sound’ FSO recycling

Salvage operations to transfer the oil from a rapidly decaying FSO, moored off Yemen, to a safe vessel are expected to start soon.

about 3 years ago
A photo of the Sealhyfe offshore green hydrogen production platform next to the Floatgen floating wind turbine
Business & Finance

In focus: CCS and renewables leading the energy transition race

The summer holiday season doesn’t seem to be slowing down the activities of the global energy sector. Energy companies are still moving strongly towards a low-carbon and sustainable future, with carbon capture and storage (CCS) and renewables serving as the main topics of the conversation. TotalEner

about 3 years ago
Saipem
Business & Finance

Saipem rakes in $1 billion for new assignments with Aramco and Petrobras

Italy’s oilfield services provider Saipem has secured new contracts, which are worth approximately $1 billion.

about 3 years ago
Scarabeo 9 rig; Source: Saipem
Business & Finance

Saipem rigs find more work in Middle East and Mediterranean Sea

Saipem has secured offshore drilling assignments in the Middle East and the Mediterranean Sea for two rigs.

about 3 years ago
AD Ports
Business & Finance

AD Ports Group inks concession deals with KTP, Congo

UAE-based port operator AD Ports Group has signed a concession agreement with Karachi Port Trust (KPT), the Pakistani federal government agency that oversees the operations of the Port of Karachi. Under the terms of the 50-year concession agreement, a Joint Venture between AD Ports Group, as a major

about 3 years ago
SUMED 4 is one of seven SUMED service boats fitted with Thordon SXL tailshaft bearings; Source: Thordon Bearings
Business & Finance

Seven vessels servicing oil pipeline running from Persian Gulf to Mediterranean get an upgrade

Thordon Bearings has retrofitted seven special purpose, single point mooring (SPM) service boats, which are servicing the SUMED pipeline.

about 3 years ago
Aquaterra Energy
Business & Finance

UK player goes to Middle East for eight-well decom gig

Aquaterra Energy has secured a contract with an undisclosed Abu Dhabi-based operator, to provide offshore riser equipment and services.

about 3 years ago
West Tucana jack-up rig; Source: Seadrill
Business & Finance

Seadrill mulls over divestment of three jack-ups along with stake in Gulfdrill

Seadrill is contemplating the sale of three jack-up rigs, which are working in Qatar, along with its interest in Gulfdrill LLC.

about 3 years ago
ADNOC Drilling
Business & Finance

With five jack-up rigs booked for work, ADNOC Drilling collects $2 billion

UAE’s ADNOC Drilling has secured long-term contracts for five jack-up rigs, totalling approximately $2 billion.

about 3 years ago
Lycaste Peace
Business & Finance

Astomos, Inpex in Middle East’s 1st ever VLGC biofuel bunkering

Japanese LPG trader and importer Astomos Energy Corporation and compatriot energy company Inpex Corporation have completed the supply of B24 biofuel bunker to a Very Large Gas Carrier (VLGC) chartered by Astomos. The endeavor marks the first-ever biofuel supply to a VLGC in the Middle East. Biofuels

about 3 years ago