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Business & Finance

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Yara Kara, Image by Yara International
Business & Finance

In focus: Ammonia emerges as a ‘trump card’ as countries dash for energy security

As we entered into a new year, the mission remained the same. In the next twelve months, the offshore energy sector will continue to work on the steps to ameliorate immediate challenges and climate change impact.

about 3 years ago
UAE’s oil & gas giant earmarks $15 billion for decarbonisation
Business & Finance

UAE’s oil & gas giant earmarks $15 billion for low-carbon projects

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To scale up its decarbonisation efforts by 2030, ADNOC has hammered out a multi-year action plan, allocating $15 bln for low-carbon projects.

about 3 years ago
Shipping
Business & Finance

Israel to implement 0.10 pct sulphur cap in ports

Vessels calling at Israeli ports will need to burn marine fuels with a 0.10% maximum sulphur content under new regulations taking effect in February 2023, the North Club informed. As informed, the Israeli government is enacting new regulations that will put in place measures similar to the EU direct

about 3 years ago
OMV Yemen changing hands
Business & Finance

OMV Yemen changing hands

Zenith Energy Netherlands, part of Canadian oil and gas company Zenith Energy, has entered into a share purchase agreement (SPA) with Austria’s OMV Exploration and Production to acquire OMV Yemen. Under the SPA, Zenith Energy Netherlands will, subject to certain conditions, acquire 100 per cent of O

about 3 years ago
2022 in review: Incidents related to offshore oil & gas
Business & Finance

2022 in review: Some of the major incidents related to offshore oil & gas

Action has been taken to minimise the risks of accidents and improve safety of offshore oil & gas infrastructure, but incidents still occur.

about 3 years ago
Breathing new life into oil rigs
Business & Finance

Breathing new life into oil rigs

While the oil & gas infrastructure needs to be retired at the end of service life, does this have to be the end for these giant beasts?

about 3 years ago
Courtesy of Niedersachsen Ports
Business & Finance

Most read stories on Green Marine in 2022

As we enter a new year, it is time for us to have a look back at the most-read stories from the past year. 2022 has been a rather turbulent year in many respects. As the world started to emerge from the COVID-19 pandemic, another black swan event rocked the shipping markets to the core, […]

about 3 years ago
Offshore oil & gas contractors’ top deals in 2022
Business & Finance

Round up: Offshore oil & gas contractors’ top deals in 2022

Among the top deals, which have been awarded in 2022 are the ones secured by the U.S.-based McDermott and Italy’s Saipem.

about 3 years ago
Following upgrades, two jack-up rigs kick off their new drilling gigs
Business & Finance

Following upgrades, two jack-up rigs kick off their new drilling gigs

Arabian Drilling has completed the upgrades on its new offshore rigs, which have now embarked on their new drilling assignments.

about 3 years ago
Two jack-up rigs win long-term deals
Business & Finance

Two jack-up rigs win long-term drilling assignments

Borr Drilling has secured long-term deals for two jack-up rigs with undisclosed oil and gas companies in the Middle East and Southeast Asia.

about 3 years ago
Japanese firms eye long-term LNG imports from Oman
Business & Finance

Japanese firms eye long-term LNG imports from Oman

Japanese electricity generator JERA has signed a key term sheet with Oman LNG for the long-term sale and purchase of liquefied natural gas (LNG). Under the 10-year agreement, JERA will purchase up to 12 cargoes (approximately 0.8 million tons) per year of LNG produced from the Oman LNG project start

about 3 years ago
Deal signed to continue development and production of two Qatari oil fields
Business & Finance

Deal signed to continue development and production of two Qatari oil fields

QatarEnergy and Japan’s Qatar Petroleum Development Company (QPD) have signed a new agreement for the continued development and production of two oil fields located in Qatar’s territorial waters. Under the five-year deal, QPD, owned by Cosmo E&P and Sojitz, will continue to act as the operator of th

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

ADNOC buying stake in Austrian oil and gas firm

Abu Dhabi National Oil Company (ADNOC) is acquiring a 24.9 per cent shareholding in Austrian oil and gas company OMV from Mubadala Investment Company. Österreichische Beteiligungs AG (ÖBAG), an Austrian independent holding company, holds 31.5 per cent, with the remaining share capital in free float.

about 3 years ago
NGHC’s plans for mega green hydrogen plant in NEOM gain ground
Business & Finance

NGHC’s plans for mega green hydrogen plant in NEOM gain ground

NEOM Green Hydrogen Company (NGHC) has signed facility agreements with local, regional, and international banks along with the execution of a commitment letter with the Saudi Industrial Development Fund (SIDF) for a mega green hydrogen plant, set to produce green ammonia, in NEOM, Saudi Arabia. Loca

about 3 years ago