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Outlook & Strategy

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HydrogenBusiness & FinanceBusiness Developments & ProjectsCollaborationClean FuelMarket OutlooksRegulation & PolicyTransitionFossil EnergyLiquefied Natural GasAuthorities & GovernmentInfrastructureProject & TendersVisionAmmoniaExploration & ProductionResearch & DevelopmentTechnologySubseaSurveys & InterventionsVessels & VehiclesInnovationDredgingProductionTechnology & InnovationOil & GasAlternative FuelsGreen MarineOther FuelsLow-Carbon TransitionEnvironment
Aramco to acquire 50% stake in Air Products Qudra’s hydrogen business
Outlook & Strategy

Aramco to acquire 50% stake in Air Products Qudra’s hydrogen business

Aramco has signed definitive agreements to acquire an equity interest in Blue Hydrogen Industrial Gases Company (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ).

about 2 years ago
Illustration; Source: The International Renewable Energy Agency (IRENA)
Outlook & Strategy

IRENA: Tripling renewables by 2030 requires higher annual growth rate

IRENA has released Renewable Energy Statistics 2024 which claims that despite renewables becoming the fastest-growing source of power, the world risks missing the tripling renewables target pledged at COP28.

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about 2 years ago
BP, Shell, TotalEnergies and Mitsui take stakes in ADNOC’s huge LNG project
Outlook & Strategy

BP, Shell, TotalEnergies and Mitsui take stakes in ADNOC’s huge LNG project

Abu Dhabi National Oil Company (ADNOC) has signed agreements with industry majors BP, Mitsui & Co., Shell and TotalEnergies under which each will take a 10% equity stake in what will be the first liquefied natural gas (LNG) export facility in the Middle East and North Africa (MENA) region to run on

about 2 years ago
KBR to provide technology for OCIOR Energy’s ammonia plant in India
Outlook & Strategy

KBR to provide technology for OCIOR Energy’s ammonia plant in India

OCIOR Energy has selected KBR’s technology K-GreeN for its green ammonia plant located in Odisha’s Gopalpur region, India.

about 2 years ago
UAE-US partnership brings autonomous vehicle services to the Middle East
Outlook & Strategy

UAE-US partnership brings autonomous vehicle services to the Middle East

U.S.-headquartered Ocean Power Technologies (OPT) has partnered up with Unique Group, a UAE-headquartered innovator in subsea technologies and engineering, to take its autonomous vehicle services to the Middle East. The companies will collaborate to deploy OPT’s existing WAM-V unmanned surface vehic

about 2 years ago
DEME to expand green hydrogen portfolio with new production facility in Egypt
Outlook & Strategy

DEME to expand green hydrogen portfolio with new production facility in Egypt

Belgium-based offshore energy and dredging contractor DEME has inked a cooperation agreement with the Egyptian government to establish an industrial-scale green hydrogen production facility in the Port of Gargoub in Egypt’s western desert.

about 2 years ago
Flurry of green hydrogen and ammonia deals underpins EU-Egypt partnership
Outlook & Strategy

Flurry of green hydrogen and ammonia deals underpins EU-Egypt partnership

The Egyptian government and the EU are advancing green hydrogen and green ammonia incentives through new private investment agreements.

about 2 years ago
ACWA Power and SINOPEC forge hydrogen and ammonia ties
Outlook & Strategy

ACWA Power and SINOPEC forge hydrogen and ammonia ties

ACWA Power has signed a memorandum of understanding (MoU) with SINOPEC Guangzhou Engineering Co., Ltd. (GPEC) in relation to a potential collaboration in the production of green hydrogen and ammonia.

about 2 years ago
Partners to start construction of low-carbon ammonia facility in Abu Dhabi
Outlook & Strategy

Partners to start construction of low-carbon ammonia facility in Abu Dhabi

TA’ZIZ, Fertiglobe, Mitsui & Co. and GS Energy Corporation have agreed to commence construction of a low-carbon ammonia production facility in Abu Dhabi, United Arab Emirates (UAE).

about 2 years ago
Illustration; Source: Westwood
Outlook & Strategy

Namibia’s discoveries seen as silver lining: Global drilling costs up but exploration success rate down

High-impact exploration average discovery size is declining while costs have risen for the fifth consecutive year.

about 2 years ago
LPG as marine fuel with supportive technologies could deliver significant carbon reductions, report shows
Outlook & Strategy

LPG as marine fuel with supportive technologies could deliver significant carbon reductions, report shows

LPG as marine fuel, in combination with energy-saving technologies such as onboard carbon capture and storage (OCCS), could deliver a significant carbon reduction, according to a new joint report from Lloyd’s Register (LR) and the World Liquid Gas Association (WLGA).

about 2 years ago
FPSO Energean Power works at the Karish field offshore Israel; Source: Energean
Outlook & Strategy

Energean bids farewell to Egypt, Italy, and Croatia as assets fetch $945 million

Energean has set the divestment of its portfolio in Egypt, Italy, and Croatia in motion for an enterprise value (EV) of up to $945 million.

about 2 years ago
Illustration; Source: DNV
Outlook & Strategy

DNV: Oil & gas witnessing confidence resurgence while energy transition price tag hampers net-zero aspirations

A new survey from DNV pinpoints the cost of the energy transition as the biggest barrier to meeting the net zero targets.

about 2 years ago
Illustration; Source: AG&P LNG
Outlook & Strategy

Global LNG markets facing oversupply while key importing regions work on curbing demand

The new wave of LNG supply is set to flood the market amid demand uncertainty, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

about 2 years ago