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Business & Finance

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Energean Power FPSO
Business & Finance

Energean starts flow testing at Karish gas field

Energean has achieved a milestone in the commissioning process of its Energean Power FPSO on the Karish gas field

about 4 years ago
Stena IceMax; Source: Stena Drilling
Business & Finance

Energean hits gas discovery in waters off Israel

Energean has made a gas discovery with the Hermes exploration well offshore Israel and has moved on to drill the next well in the campaign.

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about 4 years ago
QatarEnergy sets sights on becoming largest LNG company within ten years
Business & Finance

QatarEnergy sets sights on becoming largest LNG company within ten years

Qatar’s state-owned oil and gas company QatarEnergy has set its sights on becoming the largest liquefied natural gas (LNG) traders in the world within five to ten years. Minister of State for Energy Affairs, the president and CEO of QatarEnergy Saad bin Sherida Al Kaabi underlined this in his speech

about 4 years ago
IMI - Lamprell
Business & Finance

Lamprell cheers key milestone on second jack-up for Saudi yard

Lamprell and International Maritime Industries (IMI) have announced the completion of the load-out and float-off of the second jack-up rig being constructed for IMI.

about 4 years ago
Valaris 76 jack-up rig
Business & Finance

Valaris strikes deals with total backlog of $95 million

Valaris has secured new contract extensions for a drillship and four jack-up rigs with a contract backlog of $95 million.

about 4 years ago
SAFEEN inks fuel oil transport and storage deal with Amaan Baghdad
Business & Finance

SAFEEN inks fuel oil transport and storage deal with Amaan Baghdad

AD Ports Group’s SAFEEN Group and Amaan Baghdad Company have signed an agreement on fuel oil transport and storage from Khor Al Zubair and Umm Qasr oil terminals in Iraq. The project is an extension of SAFEEN Group’s portfolio of services into the oil and gas sector and is part of its ongoing expans

about 4 years ago
In focus: Are countries caught between energy security and net-zero pledges?
Business & Finance

In focus: Balancing act between energy security and net-zero goals

The global energy crisis has forced nations around the globe to ponder whether they need to pick between energy security and net-zero goals. Can both be obtained simultaneously? This is the question on everyone’s mind.

about 4 years ago
GMF launch
Business & Finance

IMI champions $1.2 billion Global Maritime Fund, builds partnerships and know-how for full operations

International Maritime Industries (IMI), the largest shipyard in the MENA region, has launched Global Maritime Fund (GMF), which aims to provide up to 100% financing for ships and rigs built at IMI’s yard in Ras Al Khair, Saudi Arabia. The independent fund, managed by Pelagic Partners, wants to beco

about 4 years ago
NewMed Energy - Capricorn
Business & Finance

UK’s Capricorn to merge with Israel’s NewMed instead of Tullow

NewMed Energy has entered into a merger agreement with Capricorn Energy, which will see Capricorn abandon its plans to combine with Tullow.

about 4 years ago
GMS capitalises on increasing vessel demand and higher rates with another MENA deal
Business & Finance

GMS capitalises on increasing vessel demand and higher rates with another MENA deal

Gulf Marine Services (GMS) has won a new contract with an increased day rate for a large-size class vessel and a small-size class vessel.

about 4 years ago
Germany and UAE reinforce energy partnership
Business & Finance

Germany and UAE reinforce energy partnership

Germany and the United Arab Emirates (UAE) have entered into a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the two countries in energy security, decarbonisation and climate action. The agreement was signed by Sultan Ahmed Al J

about 4 years ago
GMS Evolution vessel (for illustration purposes); Source: GMS
Business & Finance

UAE player’s new MENA deal reflects growing demand and higher rates

UAE-headquartered Gulf Marine Services (GMS) has secured a new long-term contract for one of its large-size class vessels.

about 4 years ago
RWE seals multi-year LNG supply deal with ADNOC, first cargo to reach floating LNG terminal at Brunsbüttel by year-end
Business & Finance

RWE seals multi-year LNG supply deal with ADNOC, first cargo to reach floating LNG terminal at Brunsbüttel by year-end

German energy company RWE has entered into an agreement with Abu Dhabi National Oil Company (ADNOC) on liquefied natural gas (LNG) supplies, with the first cargo to be delivered to a floating LNG import terminal at Brunsbüttel. Under the agreement, the first delivery of a cargo of LNG will be suppli

about 4 years ago
Two new rigs to join ‘one of the largest operating jack-up fleets in the world’
Business & Finance

Two new rigs to join ‘one of the largest operating jack-up fleets in the world’

ADNOC Drilling has inked a deal to purchase two additional premium jack-up rigs and hinted at further acquisitions in the pipeline.

about 4 years ago