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Business & Finance

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SOCAR and Masdar sign joint development agreements on offshore wind and green hydrogen, onshore wind and solar photovoltaic
Business & Finance

SOCAR and Masdar to jointly develop 2 GW of offshore wind & green hydrogen projects in Azerbaijan

The State Oil Company of the Republic of Azerbaijan (SOCAR) and the United Arab Emirates’ Masdar have entered into a partnership on offshore wind and green hydrogen projects in Azerbaijan. Under a joint development agreement, signed in Abu Dhabi on 15 January within the framework of Azerbaijan’s Pre

about 3 years ago
Illustration; Ammonia-ready
Business & Finance
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Clarksons: Ammonia-ready at 10.8 pct as alternative fuel orders hit new heights

The majority of the newbuilding tonnage ordered in 2022 was alternatively fuelled, according to the data from Clarksons Research. Insights from the shipbroker show that 61% of tonnage ordered last year (35% by number) was alternatively fuelled. Overall, 83.4 million dwt was ordered across vessel sec

about 3 years ago
Masdar agrees to explore green hydrogen exports from Abu Dhabi to Europe
Business & Finance

Masdar agrees to explore green hydrogen exports from Abu Dhabi to Europe

Abu Dhabi-based clean energy company Masdar and four Dutch companies have signed a memorandum of understanding (MoU) to explore the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam. The MoU was signed by the representatives of Masdar, Port of Amsterdam, SkyNRG, Evos Amste

about 3 years ago
Fresh gas discovery for Chevron
Business & Finance

Fresh gas discovery for Chevron

U.S.-headquartered energy giant Chevron has made a new gas discovery in the Eastern Mediterranean Sea, offshore Egypt.

about 3 years ago
Deep dive: What's in store for Valaris rigs?
Business & Finance

Deep dive: What’s in store for Valaris rigs?

An in-depth review of Valaris’ rigs, including details about new contracts and extensions along with other recent activities related to its fleet.

about 3 years ago
Low-carbon investments set to hit $620 billion in 2023, Rystad says
Business & Finance

Low-carbon investments set to hit $620 billion in 2023, Rystad says

While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.

about 3 years ago
South America to stay 'key region for high-impact exploration', Westwood says in 2023 outlook
Business & Finance

South America to stay ‘key region for high-impact exploration’, Westwood says in 2023 outlook

High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more explor

about 3 years ago
ADNOC buying stake in Austrian oil and gas firm
Business & Finance

ADNOC starts new business venture ADNOC Gas

Abu Dhabi National Oil Company (ADNOC), a provider of lower-carbon intensity energy, has established ADNOC Gas, a new world-scale gas company that will combine the operations, maintenance, and marketing of the ADNOC Gas Processing and ADNOC LNG businesses into one global consolidated business. The n

about 3 years ago
Shell makes headway in global digitalisation of its ops with Kabal’s software
Business & Finance

Shell makes headway in global digitalisation of its ops with Kabal’s software

UK-headquartered energy giant Shell has advanced its digitalisation journey through a global agreement with Kabal.

about 3 years ago
Gunvor Group extends its $1.565 billion LNG syndicated borrowing base facility
Business & Finance

Gunvor Group extends its $1.565 billion LNG syndicated borrowing base facility

Gunvor Group, an independent trader of liquefied natural gas (LNG), has renewed its syndicated borrowing base facility to support the working capital needs of the company’s growing LNG activities globally. According to Gunvor, the syndication, signed at $1.135 billion in 2021, launched at $1.2 billi

about 3 years ago
Shell forms LNG and hydrogen partnerships with Oman
Business & Finance

Shell forms LNG and hydrogen partnerships with Oman

Oil and gas giant Shell has signed multiple partnership agreements with Oman’s Ministry of Energy and Minerals, Oman LNG and OQ, former Oman Oil Company, in fields of liquefied natural gas (LNG) and hydrogen. On 10 January, Oman LNG revealed it had signed a term sheet with Shell International Tradin

about 3 years ago
Tekmar Group companies clinch new batch of contracts
Business & Finance

Tekmar Group companies clinch new batch of contracts

Pipeshield International and Subsea Innovation, Tekmar Group companies, have secured several contracts described as “significant”.

about 3 years ago
Shelf Drilling jack-up rig wraps up drilling assignment off Oman
Business & Finance

Shelf Drilling jack-up rig wraps up drilling assignment off Oman

Masirah Oil, a subsidiary of Singapore’s Rex International, has completed its drilling campaign off Oman with Shelf Drilling’s jack-up rig.

about 3 years ago
Shelf Drilling secures more work for jack-up rig off Egypt
Business & Finance

Shelf Drilling secures more work for jack-up rig off Egypt

UAE-headquartered Shelf Drilling has won a contract extension for one of its jack-up rigs for operations off Egypt.

about 3 years ago