Human rights and environmental non-governmental organizations (NGOs) are urging UNDP to ensure the clean and safe recycling of the decaying floating storage and offloading (FSO) vessel Safer, moored offshore Yemen, that is threatening to cause a massive oil spill. In a letter addressed to UNDP, the
Weatherford International has secured a long-term contract with Saudi Arabia’s Aramco for the provision of drilling services.
Netherlands-based Elegant Exit Company (EEC), which specializes in the sustainable recycling of veteran ships by converting them into green steel, has voiced interest in recycling FSO Safer. The rapidly decaying supertanker is at the center of a United Nations-led mission worth over $100 million to
In a first-of-its-kind report, International Energy Agency (IEA) has presented how rich renewable resources and vast land expanses could make Oman a competitive low-emissions hydrogen supplier by 2030. The report called Renewable Hydrogen from Oman: A Producer Economy in Transition is the first IEA
Gulf Marine Services (GMS) has secured two contract extensions for one of its small-size class vessels and one of its large-class vessels.
The EIA expects global oil production to be lower than anticipated after OPEC+ announced extension of its crude oil production cuts.
ADNOC Offshore has awarded a $975 million artificial island construction contract to ADNOC L&S for the Lower Zakum field offshore Abu Dhabi.
ADNOC Drilling is acquiring two new premium offshore jack-up drilling rigs, as part of its fast-tracked fleet expansion programme.
Natural gas is still forecasted to play a crucial role and act as a trump card while the world embraces the race to net-zero.
Baker Hughes’ international rig count report indicates that the number of offshore rigs was on an upward trajectory in May 2023.
Worldwide investments in clean energy are projected to reach $1.74 trillion in 2023, a 7.6 percent increase compared to $1.617 trillion invested in green energy in 2022, according to a recent report by the International Energy Agency (IEA). The investments in fossil fuels are also expected to rise,
The offshore energy industry is facing an ever-increasing energy skills gap regarding workers spearheading the transition to green sources.
Boskalis is getting ready to start a thorough inspection of a rapidly decaying FSO vessel moored off the Red Sea coast of Yemen.
The clean energy investment is now extending its lead over fossil fuels, boosted by energy security strengths, highlights the IEA.
