An analysis of oil and gas discoveries in 2021 by Rystad has revealed that discovered volumes are on track to hit lowest level in 75 years.
Hitachi Energy has won a major contract for what is said to be the first-of-its-kind high-voltage, direct current (HVDC-VSC) subsea power transmission system in the Middle East and North Africa (MENA) region. As part of the order from Samsung C&T Corporation, Hitachi will connect ADNOC’s offshore op
Two United Arab Emirates-controlled oil and gas giants have revealed a $3.6 billion project to decarbonise offshore operations.
Vantage Drilling and ADES are taking their relationship to the next level following an agreement under which Vantage will sell three of its jack-ups to ADES.
Fugro has deployed two new autonomous environmental landers offshore Saudi Arabia to collect oceanographic data in deep and remote areas of the Red Sea. The KAUST Red Sea program is being performed in collaboration with King Abdullah University of Science and Technology (KAUST) with the aim of bette
GMS has won two new contracts for two of its large-size class vessels and expressed hopes for higher rates and improved fleet utilisation.
Logistic facilitator Abu Dhabi Ports (AD Ports) has signed four strategic agreements and a Head of Terms Agreement (HoT) with Jordan’s Aqaba Development Corporation (ADC) for the development of a new cruise terminal in Aqaba.
An unprecedented race for ocean space is on the horizon driven by the exponential growth of offshore wind power. It is expected that by 2050 offshore wind will overtake the oil and gas sector and receive the largest investments in the Blue Economy while the oil and gas industry will shrink to only 2
Wood Mackenzie believes that the oil and gas sector will continue to rebound in 2022, but the positive outlook will be tempered.
Logistics provider DP World and the Government of the Democratic Republic of Congo (DRC) have signed the collaboration agreement for the development of the deep-sea port at Banana.
QatarEnergy has entered into agreements with Shell to acquire interests in two exploration blocks in the Egyptian side of the Red Sea.
Lamprell has appointed a former COO of Vestas as an independent non-executive director after its current one tendered his resignation.
TechnipFMC, through Gulf Automation Services and Oilfield Supplies, has signed a “major” ten-year framework agreement with the Abu Dhabi National Oil Company (ADNOC) for wellheads, trees, and associated services.
Technip Energies has been awarded a contract by ADNOC to update the FEED for the Ghasha project including the integration of carbon capture.
