Aramco has completed the sale of a 49 per cent stake in the newly formed Aramco Oil Pipelines for $12.4 billion to an international investor consortium led by the U.S.-headquartered EIG. Aramco continues to hold a 51 per cent majority stake in the subsidiary and retains full ownership and operationa
The registration for Offshore Energy Exhibition & Conference 2021 is now live! The event, to be held on 26 & 27 October in Amsterdam RAI, the Netherlands, will attract thousands of offshore professionals and hundreds of exhibiting companies. Go to registration.offshore-energy.biz to register.
Offshore rig operator Japan Drilling Co. (JDC) has been awarded a drilling contract for a jack-up rig for operations offshore Qatar.
Controls technology company Proserv Controls has bought the trade and assets of Dron & Dickson Electromechanical Contracting (DDEC).
As the energy transition is unravelling, the industry is paving the way to net-zero by pushing for further emission cuts and new fuels and vessels.
There is a reason why we speak of energy transition instead of energy revolution. It is a process in which we gradually phase out fossil fuels
Qatar Petroleum has warned that depriving the oil & gas sector of new investments amid energy transition could result in big spikes in prices.
Global petrostates can forget trillion-dollar from oil & gas tax revenues as the accelerating energy transition bites, Rystad Energy said.
A historic ruling has shaken the energy market this week after a Dutch court ordered oil major Shell to reduce its carbon emissions by 45 per cent by 2030 compared with 2019 levels. The decision was delivered in connection with a climate change case filed against Shell in 2019 by Dutch environmental
Market research provider and consultancy Westwood Global Energy Group has estimated that 30 floating, production, supply, and offloading (FPSO) vessels will become available by the end of 2022.
The International Energy Agency’s (IEA) has announced the world’s first comprehensive study on how to transition to a net-zero energy system by 2050.
The National Iranian Oil Company (NIOC) has signed a contract worth $1.78 billion with compatriot Petropars Group for the development of Farzad B gas field in the Persian Gulf.
In this edition of In focus, we’ll be looking at ways through which the offshore energy sector is working to reduce carbon emissions.
The toll of the Covid-19 on upstream investments in the first two years of the downturn is estimated at $285bn, Rystad Energy reports.
