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Business & Finance

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Energy Transition Outlook - DNV
Business & Finance

Energy transition not fast enough as fossil fuels will still hold half of global energy mix by 2050, DNV warns

DNV has warned in its energy transition report that electrification will not be enough to meet the global net-zero target of the Paris Agreement.

about 5 years ago
ADNOC
Business & Finance

ADNOC partners with Pakistani companies for the first time

ADNOC has awarded exploration rights for Abu Dhabi’s Offshore Block 5 to a consortium of four Pakistani companies.

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about 5 years ago
In focus: Redefining the offshore energy environment
Business & Finance

In focus: Redefining the offshore energy environment

Energy transition is bringing with it an intricate mix of options for the offshore energy and shipping sectors.

about 5 years ago
Eco Wave Power Global listed on U.S. Nasdaq (Courtesy of EWPG)
Business & Finance

Eco Wave Power posts half-year loss as revenues pick up pace

Swedish-Israeli wave energy company Eco Wave Power has released its financial report for the first six months of 2021, showing a wider net loss, but also an increase in revenues when compared to the same period a year ago.

about 5 years ago
IMI & JSA Loadmaster Signing
Business & Finance

Saudi yard inks deal to localize rig product manufacturing

International Maritime Industries (IMI), the largest maritime yard in the MENA region, has signed a long-term agreement with JSA Loadmaster.

about 5 years ago
Noble Roger Lewis
Business & Finance

Noble to sell four jack-up rigs for $292 million

Noble Corporation has reached a definitive agreement to sell four jack-ups to ADES International for $292 million.

about 5 years ago
hydrogen - energy transition
Business & Finance

Hydrogen enjoying unprecedented momentum as one of the pillars in energy transition

Hydrogen, described as a game-changer, a holy grail, and a key pillar in the energy transition process, is enjoying unprecedented momentum.

about 5 years ago
ADNOC
Business & Finance

ADNOC inks deals worth nearly $1 billion with 8 top-tier contractors

ADNOC has signed framework agreements for Concept and FEED services with eight different contractors with a total value of nearly $1 billion.

about 5 years ago
Kent
Business & Finance

Kent finalises buy of SNC-Lavalin’s oil and gas business

Dubai-based energy services company Kentech has completed the acquisition of Canada-based SNC-Lavalin’s oil and gas business.

about 5 years ago
ADNOC
Business & Finance

ADNOC, Roll Group form oil and gas heavy lifting and transport partnership

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has created a strategic partnership with Roll Group to strengthen its turnkey integrated logistics offering.

about 5 years ago
Illustration (Courtesy of Masdar)
Business & Finance

Masdar joint venture starts construction of 145MW floating solar plant in Indonesia

Abu Dhabi-based renewable energy developer Masdar and Indonesia’s state-owned power company PT PLN have reached financial close and started construction of a 145MW floating solar project in Indonesia.

about 5 years ago
Al-Shaheen field off Qatar
Business & Finance

Two new deals awarded for Qatar’s giant offshore oilfield

North Oil Company, the operator of the Al-Shaheen field offshore Qatar, has awarded contracts to PTSC and to Rosetti Marino.

about 5 years ago
Orbital's O2 tidal turbine (Courtesy of Orbital Marine Power) - low-carbon
Business & Finance

In focus: The pursuit of low-carbon business prospects

This week’s focus was on making vessels greener, low-carbon strategies, green hydrogen, and building a sustainable future.

about 5 years ago
Kent CEO John Gilley
Business & Finance

Kent completes takeover of SNC-Lavalin’s oil and gas division

Dubai-based energy services firm Kent has completed the acquisition of SNC-Lavalin’s oil and gas division.

about 5 years ago