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Saudi yard hands out deal for detailed design of new jack-up rigs to U.S. player
Collaboration

Saudi yard hands out deal for new jack-up rigs to U.S. player

International Maritime Industries (IMI) has awarded a detailed design engineering contract for the construction of jack-up rigs to Zentech.

about 3 years ago
Uniper partners with NewMed Energy on LNG and hydrogen to minimise energy crisis
Collaboration

Uniper partners with NewMed Energy on LNG and hydrogen to minimise energy crisis

German energy company Uniper and Israel’s NewMed Energy will explore ways of collaborating on the supply of liquefied natural gas (LNG) in the short and long term and producing blue and green hydrogen. The parties have signed a non-binding memorandum of understanding (MoU) to look into the supply of

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about 3 years ago
Shipping
Collaboration

WasteFuel, Averda to produce green methanol for shipping in the Middle East

Averda, a waste management and recycling company, and WasteFuel, a developer of bio-refineries focused on converting municipal solid waste into low-carbon fuels, have announced their partnership during the COP27 Climate Conference targeting the development of the first commercial-scale municipal was

about 3 years ago
The signing of MoU between ACWA Power and PLN for floating solar projects in Indonesia (Courtesy of ACWA Power)
Collaboration

ACWA Power enters floating solar sector

ACWA Power has signed a deal with Indonesia’s state-owned electricity utility PT Perusahaan Listrik Negara (Persero) to develop two floating solar projects in the world’s largest archipelagic state.

about 3 years ago
shipping
Collaboration

In focus: Window to meet 1.5°C target is closing, urgent transformation is needed now

As the UNEP points to slow progress on achieving 1.5°C target, it is more urgent than ever to put pledges into action, and accelerate the transition with strong support from the financial sectors.

about 4 years ago
ADNOC and OMV sign LNG supply deal for winter season 2023/2024
Collaboration

ADNOC and OMV sign LNG supply deal for winter season 2023/2024

Austria’s integrated oil and gas company OMV and the Abu Dhabi National Oil Company (ADNOC) have signed a memorandum of understanding (MoU) to explore a new partnership in deliveries for liquefied natural gas (LNG). Under the MoU, OMV and ADNOC intend to explore a partnership in LNG supply to suppor

about 4 years ago
Shell takes part in the next wave of Qatar’s LNG expansions
Collaboration

Shell takes part in the next wave of Qatar’s LNG expansions

Qatar’s state-owned oil and gas company QatarEnergy has selected Shell as its second international partner in the North Field South (NFS) liquefied natural gas (LNG) expansion project, following the selection of TotalEnergies as the first international partner in the project. Under the partnership a

about 4 years ago
ACWA Power and KEPCO forge green hydrogen/ammonia alliance
Collaboration

ACWA Power and KEPCO forge green hydrogen/ammonia alliance

Saudi developer of green hydrogen projects ACWA Power and South Korean electric utilities provider Korea Electric Power Corporation (KEPCO) have teamed up to develop green hydrogen/ammonia projects to decarbonise KEPCO’s operations. The companies have signed an extensive memorandum of understanding

about 4 years ago
Aqaba
Collaboration

APM, ADC unveil zero-emission vision for Aqaba Container Terminal

The Netherlands-based terminal operator APM Terminals and Jordan-backed Aqaba Development Cooperation (ADC) have signed a memorandum of understanding for a 15-year extension of their partnership in the Aqaba Container Terminal (ACT), paving the way for making the facility zero emission.

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

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
Collaboration

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
Germany and UAE reinforce energy partnership
Collaboration

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
Port of Los Angeles
Collaboration

Green corridors: can they catalyze the transition to zero-emission shipping?

Green corridors are coming forth as the central link that is expected to facilitate the shipping industry’s transition to alternative fuels and full-scale decarbonization. Several green corridors are already in the making linking ports within Europe or those connecting Europe with Asia and America.

about 4 years ago
Invictus
Collaboration

SAFEEN Feeders, Invictus Investment to spend $126 mln on acquisition of five bulkers

AD Ports Group’s SAFEEN Feeders has signed an agreement with Invictus Investment to launch a new international dry bulk shipping service for which they plan to buy five bulkers. The two companies plan to purchase ships through special purpose vehicles, owned 85% by SAFEEN Feeders and 15% by Invictus

about 4 years ago