The adoption of alternative, low-carbon fuels in the shipping industry is one of the key aspects of achieving the goal of mitigating the impact of international maritime trade on air pollution and the emission of greenhouse gas. Cost is a particularly important consideration, as the adoption of new
As a response to the growing demand for the oil and gas industry in the Middle East, Texas-headquartered Perma-Pipe International has opened a new plant in the United Arab Emirates, said to be its largest production facility outside North America. The Abu Dhabi-based facility was inaugurated at an o
The UAE-headquartered Gulf Marine Services (GMS) has won two new deals for one of its small-size class vessels.
BP and ADNOC have made a non-binding offer to take NewMed Energy private through an acquisition of the free float and a partial acquisition of Delek’s stake.
IEA: More than 140 new CCUS projects were announced, ramping up planned storage capacity by 80 per cent, and capture capacity by 30 per cent.
With the oil and gas sector in high demand, Shelf Drilling is envisioning further offshore drilling market improvements, especially within the jack-up segment.
A 300-ft jack-up drilling rig built by CIMC Raffles has joined the fleet of Italy’s contractor Saipem, following a naming ceremony in China ahead of a five-year contract in the Middle East.
Shell remains the world’s most valuable oil and gas brand for the ninth consecutive year, however, Aramco is closing the gap.
Westwood has advised buyers to be mindful of exploration farm-outs, after analysing the results of 419 high-impact exploration wells drilled outside the U.S. and Canada between 2017 and the end of October 2022.
Omani hydrogen company Hydrom, a subsidiary of Energy Development Oman (EDO), has signed six term-sheet agreements for hydrogen production worth more than RO 20 billion (around $51 billion) over the next seven years. The agreements were signed with developers from Belgium, the Netherlands, the Unite
With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, says Rystad Energy.
Aramco has posted its highest annual profit ever as a listed company, totalling $161.1 billion, amid high demand, tight supply and elevated oil and gas prices.
Closing an exception year, Israeli container shipping heavyweight ZIM is bullish on the outlook, especially as it starts to welcome LNG-powered newbuilds into the fleet. The company reported total revenues for the full year of 2022 worth $12.56 billion, compared to $10.73 billion for 2021, primarily
Energean has achieved the first gas from a well located offshore Egypt while the remaining wells are expected to come online later this year.
