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Outlook & Strategy

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TotalEnergies, Eni and QatarEnergy enter new exploration permit offshore Lebanon
Outlook & Strategy

TotalEnergies, Eni and QatarEnergy enter new exploration permit offshore Lebanon

France’s TotalEnergies, Italian Eni, and QatarEnergy have signed an agreement with the Lebanese government to enter an exploration permit offshore Lebanon. The consortium’s initial work program on Block 8 consists of the acquisition of a 1,200 km2 3D seismic survey, in order to further assess the ar

about 9 months ago
Illustration; Source: Rystad Energy
Outlook & Strategy

Energy outlook: 12 trends set to shape 2026 power spectrum

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With market volatility, geopolitics, and policy repercussions expected to be among the key drivers affecting the global energy landscape, Rystad Energy, an energy market intelligence group, has outlined 12 predictions for the year ahead, noting opportunities and challenges that will unfold alongside

about 9 months ago
Illustration; Source: Westwood
Outlook & Strategy

Downturn in high-impact exploration: Is revival of oil & gas drilling appetite on the cards?

Given that the number of players engaged in high-impact (HI) oil and gas exploration operations has been cut in half since 2014, Westwood Global Energy, an energy market research and consultancy firm, has warned about the uncertainty surrounding new hydrocarbon search attempts, while emphasizing the

about 9 months ago
Illustration: Source: Wood Mackenzie
Outlook & Strategy

Investment shift from low carbon toward upstream to continue in 2026

After the portfolio recalibrations and restructuring marked the oil and gas industry’s landscape in 2025, Wood Mackenzie, an energy intelligence group, has outlined that the trend will continue in 2026, with oil and gas corporates expected to face “an even tougher strategic balancing act” this year.

about 9 months ago
Offshore Energy Recap 2024
Outlook & Strategy

Readers’ choice: Offshore Energy’s most-read news in 2025

As the offshore energy sector continued to navigate the energy transition and technological development, but also uncertainty, 2025 saw continued shifts in policy, investment, and project development across the global energy landscape. To mark the year’s end, the Offshore Energy editorial team looks

about 9 months ago
Saipem secures two contracts with Saudi Arabia’s Aramco worth $600M
Outlook & Strategy

Saipem secures two contracts with Saudi Arabia’s Aramco worth $600M

Italy’s Saipem has secured two offshore contracts in Saudi Arabia worth approximately $600 million under its existing long-term agreement with the country’s energy heavyweight Aramco. The first contract release purchase order (CRPO) covers the engineering, procurement, construction, and installation

about 9 months ago
Four offshore EPCI projects strengthen Lamprell’s foothold in Saudi Arabia
Outlook & Strategy

Four offshore EPCI projects strengthen Lamprell’s foothold in Saudi Arabia

Offshore fabrication contractor Lamprell has expanded its operations in the Kingdom of Saudi Arabia with four offshore engineering, procurement, construction and installation (EPCI) contracts secured earlier this year. Lamprell’s combined scope across the four projects includes the installation of n

about 9 months ago
Public-private partnership exploring e-methanol supply and bunkering hub in Oman
Outlook & Strategy

Public-private partnership exploring e-methanol supply and bunkering hub in Oman

Oman has entered into a strategic memorandum of understanding (MoU) with a private consortium to explore and advance the development of a low-carbon e-methanol project in the Dhofar region.

about 11 months ago
AD Ports
Outlook & Strategy

AD Ports, Nimex Terminals to establish LNG, LPG terminal hubs at Khalifa Port

The UAE-based terminal operator AD Ports Group and Nimex Terminals, an affiliate of the global trading organization Nimex Petroleum Group, have signed two long-term agreements to establish liquefied natural gas (LNG) and liquefied petroleum gas (LPG) terminal hubs at Khalifa Port.

about 11 months ago
DeepOcean and Saudi partner to form joint venture for subsea work in Middle East
Outlook & Strategy

DeepOcean and Saudi partner to form joint venture for subsea work in Middle East

Ocean services provider DeepOcean has signed a heads of terms agreement with Saudi Arabia-based Jana Marine Services to establish a joint venture company that will offer integrated subsea solutions to the offshore energy industry in the Middle East. To be named JADE Subsea Services, the joint ventur

about 11 months ago
NYK
Outlook & Strategy

Green fuels in focus: NYK bolsters ties with Port of Duqm

Japanese shipping major Nippon Yusen Kabushiki Kaisha (NYK Line) and the Port of Duqm Company (PODC), which oversees port management and terminal operations in Oman, have signed a comprehensive memorandum of understanding (MOU) to collaborate on the development and connectivity of the port of Duqm.

about 11 months ago
Astro Offshore
Outlook & Strategy

Dubai firm continues fleet expansion with vessel number 50

Dubai-based offshore vessel operator Astro Offshore, an Adani Group company, has welcomed a multipurpose support vessel (MPSV) to its fleet to enhance its offshore support and subsea capabilities. The 88-meter DP2 diesel electric MPSV Astro Achernar offers accommodation for 222 personnel and a 100-t

about 11 months ago
Hydrom and H2Global partner to boost Oman’s hydrogen development
Outlook & Strategy

Hydrom and H2Global partner to boost Oman’s hydrogen development

Hydrom and H2Global Foundation have signed a memorandum of understanding (MoU) to explore how H2Global’s mechanism can support Oman’s national hydrogen strategy.

about 1 year ago
UNCTAD
Outlook & Strategy

Significant costs ahead for shipping industry to decarbonize, UNCTAD says

Clear regulatory signals, greater investment and cooperation among governments, industry and financial actors will be essential to driving the shipping industry’s transition, the United Nations Conference on Trade and Development (UNCTAD) said.

about 1 year ago