Ahead of the UN COP26 summit in Glasgow, Saudi Arabia disclosed its aim to reach net-zero greenhouse gas emissions by 2060.
QatarEnergy has signed a farm-in agreement with ExxonMobil Canada for an exploration license offshore Canada.
Lamprell has been awarded a major rig conversion contract by BW Energy, turning a jack-up rig into an offshore production facility.
Reports on efforts to decarbonise the oil & gas and the shipping sector continue to hit the headlines as the energy transition gathers speed.
GMS has won a new contract for one of its large-size class vessels and a contract extension for one of its mid-size class vessels.
Mermaid Maritime Limited (MML) has secured multiple contracts in Thailand, Angola and Saudi Arabia with a combined value of approximately $120 million.
Saudi Arabia’s Public Investment Fund has revealed its plans for THE RIG, a tourism project inspired by offshore oil platforms.
Mermaid Subsea Services (Thailand) (MSST) has entered into a memorandum of understanding (MoU) with PT David Marine for the purchase of a 50% ownership share in DP2 construction support vessel Millennium 3.
Another week has gone by not leaving us wanting on energy transition developments, as several updates on renewable energy, clean fuels, decarbonisation, and net-zero strategies made headlines – most notably those from the traditionally fossil fuel-oriented players.
Qatar’s state-owned oil and gas company Qatar Petroleum has changed its name to reflect its energy transition focus.
Offshore drilling contractor Valaris has been awarded an extension to its bareboat charter agreement with ARO Drilling for a jack-up rig.
Drydocks World Dubai has begun operations for converting an Aframax tanker to an FSO unit for Perenco’s project located offshore Brazil.
UAE-based Lamprell has secured funding to cover the costs for the continuation of the construction of two IMI jack-up rigs.
In this In Focus column, we report on initiatives that reduce the ecological footprint of the offshore energy and maritime industry.
