The world’s oil and gas industry’s production will peak lower and earlier than expected before the 2020 market crisis, a Rystad Energy analysis shows.
OceanBased Perpetual Energy has entered into partnership with advisory and investment firm GAK Capital to support the development of the project looking to capture the power of Florida’s Gulf Stream and convert it to clean electricity.
Oil and gas company Mubadala Petroleum, a subsidiary of Mubadala Investment Company, has appointed Mansoor Mohamed Al Hamed as its CEO.
Sapura Energy subsidiaries and joint venture have been awarded contracts and contract extension with a combined value of about $457.5 million.
ADNOC has signed an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 4 to Japan’s Cosmo Energy.
Kentech has made a move to buy SNC-Lavalin’s oil and gas business in an effort to accelerate its growth strategy and address the energy transition.
Drilling of high-impact wells in 2020 suffered at the hands of the pandemic, but the overall results were nevertheless positive, Rystad Energy reveals.
Qatar’s Nakilat, the world’s largest LNG shipper, reported its highest profit since inception.
Coastal Contracts and its partner JUB Pacific are entering the liftboat business with plans to pursue expansion in the oil and gas as well as venturing into the offshore wind market.
Oil and gas company Masirah Oil has started production from the second development well drilled in the Yumna field, which is located offshore Oman.
China’s COSCO Shipping Ports (CSPL) has entered into an agreement with the founding shareholders of Saudi Arabia’s Red Sea Gateway Terminal Limited (RSGT) to acquire a 20 per cent stake in the terminal which is located at Jeddah Islamic Port.
Abu Dhabi Ports’ maritime arm Safeen has recently signed an agreement with Allianz Marine & Logistics Services (AMLS) to launch a new international provider of integrated maritime logistic services.
HSBC has issued a green trade finance facility raising $ 48 million (around € 40 million) for UAE-based Lamprell to support the company’s fabrication work for the Seagreen offshore wind farm in Scotland. The facility, for which HSBC was the sole arranger, is the first green guarantee in the Middle E
The Covid-19 pandemic caused the value of 2020’s awarded contracts to slump to a 16-year low, according to Rystad Energy.
