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Business & Finance

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Fossil EnergyFPSO & VesselsOil & GasBusiness Developments & ProjectsCollaborationEquipmentExploration & ProductionOperations & MaintenanceOutlook & StrategyPorts & LogisticsProject & TendersVesselsClean FuelGreen MarineLNGRigsMarket OutlooksHydrogenTransitionAmmoniaAuthorities & GovernmentCertification & ClassificationRegulation & PolicyOffshore WindCarbon Capture Usage & StorageVision
FPSO Atlanta; Source: Yinson (video)
Business & Finance

How far has the upgrade work for Enauta’s Brazil-bound FPSO come?

Yinson has shared an update on the developments regarding the conversion and upgrade of an FPSO, which will operate for Enauta off Brazil.

about 3 years ago
Nakilat sees highest profit since inception
Business & Finance

Nakilat sees highest profit since inception

Qatar Gas Transport Company (Nakilat) and its subsidiaries have achieved a consolidated net profit of QAR 1,44 billion ($395.3 million) in the fiscal year 2022, a significant increase of 6.3%, as compared to QAR 1,35 billion ($372 million) in 2021. It also achieved revenues of QAR 4,4 billion ($1.20

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about 3 years ago
FPSO Energean Power; Source: Energean
Business & Finance

With first ever lifting of crude out of the way, Israel joins oil exporters club

Oil and gas company Energean has tucked another milestone under its belt with the first ever lifting of an Israeli crude oil cargo.

about 3 years ago
Rig 141; Source: Shelf Drilling
Business & Finance

More time for Shelf Drilling’s jack-up rig off Egypt

UAE-headquartered offshore drilling contractor Shelf Drilling has secured a contract extension for one of its jack-up rigs for operations offshore Egypt.

about 3 years ago
Boluda Towage
Business & Finance

Boluda Towage steers toward global leadership with Smit Lamnalco acquisition

Boluda Corporación Marítima, through its Boluda Towage division, has reached an agreement to acquire Smit Lamnalco, the world’s fifth-largest towage operator. The deal is expected to enable the company to strengthen its presence in strategic markets such as Australia, the Middle East, and West Afric

about 3 years ago
Masdar and Verbund ally on hydrogen production
Business & Finance

Masdar and Verbund ally on hydrogen production

Abu Dhabi-based clean energy company Masdar and Austria’s energy utility company Verbund have signed a Memorandum of Understanding (MoU) to explore the production of green hydrogen for the Central Europe market. As per the agreement, the two companies will cooperate on developing pathways to produce

about 3 years ago
Oman LNG taps into Chinese market under new supply deal with UNIPEC
Business & Finance

Oman LNG taps into Chinese market under new supply deal with UNIPEC

Oman LNG has signed a binding term-sheet agreement with China International United Petroleum and Chemical Co. (UNIPEC) to supply 1 million metric tonnes per annum (mtpa) of LNG starting in 2025. UNIPEC has become the latest beneficiary of the Omani LNG, marking the first LNG term deal with a Chinese

about 3 years ago
Illustration; Source: Westwood
Business & Finance

Volatility in oil & gas prices on the cards for 2023 after roller-coaster ride in 2022, says Westwood

Westwood dives into upstream oil and gas trends in 2022, predicting that 2023 will also be marked by oil and gas price volatility.

about 3 years ago
Petrojarl Knarr FPSO; Source: Altera Infrastructure
Business & Finance

Drydocks World and Aker Solutions to revamp FPSO destined for UK’s giant oil & gas field

Drydocks World Dubai and Aker Solutions will work together on upgrading an FPSO for one of the largest undeveloped oil fields in the UK.

about 3 years ago
OXAGON
Business & Finance

NGHC receives first industrial operating license in Oxagon

Saudi Arabia’s Ministry of Industry and Mineral Resources has issued the first industrial operating license for NEOM Green Hydrogen Company (NGHC), an equal joint venture between NEOM, ACWA Power, and Air Products, based in Oxagon. When complete, NGHC is expected to be the largest at-scale green hyd

about 3 years ago
January brings increase to offshore rig count
Business & Finance

January brings increase to offshore rig count

The international offshore rig count recorded an increase of ten units in January 2023 compared to December last year, according to the latest rig count report from Baker Hughes. The international rig count is up 60 rigs from last year’s count of 841, with offshore rigs up 31 and onshore rigs up 29.

about 3 years ago
Illustration; Source: Echandia
Business & Finance

Jack-up rig deal opens offshore energy sector doors to Swedish player

Sweden’s Echandia has received an initial order for battery systems to curb emissions and boost energy efficiency on a jack-up drilling rig.

about 3 years ago
Following 'very promising 2023', energy services sector anticipated to grow to $1 trillion
Business & Finance

Following ‘very promising 2023’, energy services sector anticipated to grow to $1 trillion

The global market for oil and gas contractors is expected to rise to a peak of $1 trillion in 2025 and remain at high levels for several years, according to a report by energy intelligence group Rystad Energy. For the 2022-2028 period, overall oil and gas spending is anticipated to stay above $920 b

about 3 years ago
TAQA
Business & Finance

With new acquisition, TAQA expands its well solutions business across multiple geographies

With this acquisition, TAQA has expanded its footprint in the Middle East, North Africa, Central Asia, and Eastern Europe.

about 3 years ago